Tech entrepreneurs need to be persistent and determined. Such companies need a growth mindset to challenge themselves, advance, and set themselves apart. Many sources echo this sentiment.Ĭreativity, innovation, and experimentation are crucial to entrepreneurship and business success- and are especially essential to tech startups. As San Francisco-based startup accelerator RocketSpace states in its Tech Startup Founders Blog, experimentation is one of the most important principles of startup growth and success. Why do startups need to cultivate a growth mindset?Ī growth mindset encourages experimentation and creativity. They also understand that effort and perseverance makes them stronger, which helps them achieve more. Employees with a growth mindset believe they can become smarter, more productive, and more talented. You have your strengths and your limitations, and you are unable to work above and beyond them. If you have a "fixed mindset," you effectively believe you have limited potential. We use the term "growth mindset" to describe our underlying beliefs and attitudes towards learning and intelligence. But what exactly is a "growth mindset," and how does it apply to performance management? Why is it crucial to the development of entrepreneurs, and the secret ingredient in the success of a tech startup? We'll explore this below as well as covering how we can adapt our feedback culture to best nurture a growth mindset. Her search ultimately led her to coin the term "growth mindset," which is now often used in management circles. Dweck and her colleagues noticed some students bounced back fairly quickly, while others seemed devastated by even small setbacks.ĭweck investigated why this was, and whether it is something we can control. Over three decades ago, the Stanford University psychology professor became interested in how students reacted to failure. The theory, popularized in her book Mindset: The New Psychology of Success, affects the way we look at education and potential, innovation, and performance. Carol Dweck's discovery of (and experiments with) fixed and growth mindsets have changed the way we think about learning and development. Graphic by Nigel Holmes Roll over the growth mindset graphics to learn more.Dr. A Social-Cognitive Approach to Motivation and PersonalityĬarol S. The graphic below demonstrates this research, and how different mindsets lead to different patterns of behavior. growth mindset shows how cognitive, affective, and behavioral features are linked to one’s beliefs about the malleability of their intelligence. Those who believe their abilities are malleable are more likely to embrace challenges and persist despite failure. Dweck found that people’s theories about their own intelligence had a significant impact on their motivation, effort, and approach to challenges. On the other hand, a student with a learning goal will pursue interesting and challenging tasks in order to learn more. A student with a performance goal might be worried about looking smart all the time, and avoid challenging work. She showed how a person’s mindset sets the stage for either performance goals or learning goals. Dweck first presented a research-based model to show the impact of mindsets.
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