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How To Cultivate a 'Growth Mindset'

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How To Cultivate, a 'Growth Mindset' . The phrase "growth mindset" has come to be a ubiquitous, but often misunderstood, idea in the business world. . Lifehack recently offered readers insight into the true meaning of having a "growth mindset.". The term was coined by author and Stanford University professor Carol Dweck in her 2006 book, 'Mindset: The New Psychology of Success.'. The term was coined by author and Stanford University professor Carol Dweck in her 2006 book, 'Mindset: The New Psychology of Success.'. Dweck explained in a Harvard Business Review that a "growth mindset" is based on the belief that one's talents can be developed with hard work, strategy and input from others. . On an organizational level, a growth mindset can help to cultivate an atmosphere of collaboration and innovation. . According to Lifehack, the most successful companies know that a growth mindset is developed from the top down. . Leadership must remain adaptable in order to commit to continued growth and learning. . Leaders should create and promote channels for coworkers to collaborate and seek help from each other. . It is important to acknowledge both successes and failures, and take advantage of teachable moments. . This can help to establish an atmosphere that encourages risk-taking and experimentation. . In the modern world, don’t minimize your risks – maximize your opportunities, Naval Ravikant, AngelList CEO, via Lifehack

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