The players and coaches had a lengthy and robust game-review meeting on Tuesday afternoon and have now set their sights on tackling top sides Fremantle and Hawthorn in the next two weeks.
"We're a little bit embarrassed about the performance (against the Lions)," Scott said shortly after the game-review meeting concluded.
"We accept responsibility for the performance, and by 'we' I mean all of us. It's not the way that Geelong wants to play.
"A few people will think it's not the Geelong of the past, but we're not the Geelong of the past. We need to move on and be the Geelong of the right now.
"We need to put the responsibility on our younger players as well, and our young coaches, as well as the older players.
"We've addressed it, we'll work on fixing the things we need to fix, and we'll head into this week still optimistic about playing well."
The Cats' form has been patchy in the past six weeks, and Scott said the five-point loss to the Lions had made the situation "more real".
"I would like to think that we haven't been kidding ourselves," he added.
"But … the bottom line is that we've been inconsistent and inconsistent footy is not sustainable.
"We've been defensively poor at times and that culminated in an extremely bad quarter of footy.
"Longer-term, hopefully we'll look back and say that it helped us. Personally, I don't subscribe to the theory that it was a loss we needed to have.
"It's like the recession you needed to have. It's not right, is it?"
Geelong is conceding 91.6 points per game this season, which compares poorly to the best defensive team in the competition, Fremantle, which is conceding only 66.5 points per match.
Scott refused to be drawn on whether he believes the key issue is a lack of pressure in the middle of the ground, a lack of close-checking from the team's defenders or a combination of the two.
"We're across what we need to be better at," he said. "The important thing is we've addressed it. We're not shying away from it.
We need to improve the way we've been playing and we need to live in the present.
"No one at this footy club is looking back and saying, 'Haven't we done a good job and won't that guarantee us success in the future.'"
Adam McNicol covers Geelong news for AFL.com.au. Follow him on Twitter at @AFL_AdamMcNicol