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| | The Harvard Business School points out that a growth mindset helps entrepreneurs enter new fields easier and it develops [[Psychological resilience|resilience]] because "When challenges, setbacks, and failures inevitably arise, your business’s survival depends on your ability to persevere and learn from difficult situations."<ref>[https://online.hbs.edu/blog/post/growth-mindset-vs-fixed-mindset GROWTH MINDSET VS. FIXED MINDSET: WHAT'S THE DIFFERENCE?], Harvard Business School</ref> | | The Harvard Business School points out that a growth mindset helps entrepreneurs enter new fields easier and it develops [[Psychological resilience|resilience]] because "When challenges, setbacks, and failures inevitably arise, your business’s survival depends on your ability to persevere and learn from difficult situations."<ref>[https://online.hbs.edu/blog/post/growth-mindset-vs-fixed-mindset GROWTH MINDSET VS. FIXED MINDSET: WHAT'S THE DIFFERENCE?], Harvard Business School</ref> |
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| − | === Behaviors, thoughts and accrued benefits of those with a growth mindset === | + | === Behaviors, beliefs, thoughts and accrued benefits of those with a growth mindset === |
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| | Those who adopt a growth mindset are more likely to:<ref>[https://www.mindsethealth.com/matter/growth-vs-fixed-mindset Growth Mindset vs Fixed Mindset: How what you think affects what you achieve]</ref><ref>[https://blog.hubspot.com/the-hustle/growth-vs-fixed-mindset Growth vs. Fixed Mindset: Nine Benefits and How To Develop One]</ref> | | Those who adopt a growth mindset are more likely to:<ref>[https://www.mindsethealth.com/matter/growth-vs-fixed-mindset Growth Mindset vs Fixed Mindset: How what you think affects what you achieve]</ref><ref>[https://blog.hubspot.com/the-hustle/growth-vs-fixed-mindset Growth vs. Fixed Mindset: Nine Benefits and How To Develop One]</ref> |
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| − | - Practice lifelong learning | + | - Practice lifelong learning and are therefore more likely to have higher confidence, higher self-esteem, a higher sense of accomplishment and improved memory and cognitive function.<ref>[https://www.forbes.com/sites/forbesbusinesscouncil/2023/04/21/the-power-of-lifelong-learning-how-curiosity-forges-mastery/?sh=acd772d6ce3c The Power Of Lifelong Learning: How Curiosity Forges Mastery], Forbes</ref> |
| | [[Image:Edison and phonograph.jpg|thumb|280px|right|[[Thomas Edison]] and his phonograph]] | | [[Image:Edison and phonograph.jpg|thumb|280px|right|[[Thomas Edison]] and his phonograph]] |
| | - Believe intelligence is not static and is subject to improvement | | - Believe intelligence is not static and is subject to improvement |
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| | - Managers or business owners who have a growth mindset are able to add this to the organizational culture | | - Managers or business owners who have a growth mindset are able to add this to the organizational culture |
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| | + | === Behaviors, beliefs, thoughts and accrued costs of those with a growth mindset === |
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| | + | - Believe intelligence and talent are static. |
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| | + | - Less likely to engage in lifelong learning |
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| | + | - Avoid challenges to avoid failure |
| | + | Ignore feedback from others |
| | + | Feel threatened by the success of others |
| | + | Hide flaws so as not to be judged by others |
| | + | Believe putting in effort is worthless |
| | + | View feedback as personal criticism |
| | + | Give up easily |
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| | === Graphical comparisons of a growth mindset vs. a fixed mindset === | | === Graphical comparisons of a growth mindset vs. a fixed mindset === |