This is what
tech entrepreneur Elon Musk refers to as his single best piece of advice. We
should always be thinking about how we can evolve and grow, and this is why a
culture where people practice giving and receiving feedback every day can be so
powerful. It’s about having a growth mindset, where we see our skills as
adaptable and believe they can be developed upon. And the good news is, we can
all learn to adopt a growth mindset.
Building a new
solutions and products is a highly innovative and creative process. Things
simply don't go to plan all the time, setbacks and failures are inevitable
along the way. What makes a difference is how a team deals with them. Each
failure is an opportunity to reassess, make a change and try a different
approach. In order to succeed, teams must become resilient to failure and focus
on the learning outcomes that they present. When we feel that it is safe to
fail we are more likely to try risker experiments, and sometimes these riskier
experiments have huge payoffs.
The concept of
the growth mindset was developed by the psychologist Carol Dweck and
popularized in her book, Mindset: The New Psychology of Success. Dweck proposes
that people deal with failure in two very different ways depending on their
mindset. Some people have a fixed mindset and others with a growth mindset.
People with a
fixed mindset believe their intelligence and talent are fixed traits. They
believe that talent alone creates success without effort. They don't deal well
with setbacks and they try to hide their mistakes.
In contrast
people a growth mindset believe that their abilities and talents are just a
starting point and that they can be developed through dedication, hard work and
learning. They are keen to learn from the people around them. They respond
positively to failure and are best described in one sentence: "I can't do
that...yet".
Growth Mindset |
Fixed Mindset |
Failure is an opportunity to grow I can learn to do new things I like to try new things Inspired by the success of others Embraces challenges |
Failure is the limit of my abilities I'm either good or bad at something I stick to what I know Threatened by the success of others Gives up easily |
Teams that operate with a growth mindset have a much more malleable view of success. They do not view failure as a reflection of their ability but rather as a starting point for experimentation and testing of new ideas. They have a passion for learning and improving themselves and their team. They strive for continuous improvement and never give up.
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