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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 and thoughts of those with a growth mindset === | + | === Behaviors, 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> | + | 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 |
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| | - Eagerly embraces challenges | | - Eagerly embraces challenges |
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| | + | - Have higher [[self-esteem]] and [[confidence]] and lower rates of [[depression]] |
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| | - Sees others' success as a source of inspiration rather than something to be [[envy|envious]] about | | - Sees others' success as a source of inspiration rather than something to be [[envy|envious]] about |
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| | - Views feedback from others as an opportunity to learn rather than something to be angry about or as something catastrophic | | - Views feedback from others as an opportunity to learn rather than something to be angry about or as something catastrophic |
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| | + | - Have a more positive/constructive [[attitude]] |
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| | + | - Better able to attract people who are achievers or that have different viewpoints that can challenge them. See: [[Social influence]] |
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| | + | - Have more [[mental toughness]] and [[psychological resilience]] |
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| | + | - In fields or businesses that are new areas or where formal education is not available, individuals have more acumen. |
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| | + | - Managers or business owners who have a growth mindset are able to add this to the organizational culture |
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| | === Graphical comparisons of a growth mindset vs. a fixed mindset === | | === Graphical comparisons of a growth mindset vs. a fixed mindset === |