A strong leadership, innovation, and continual learning are crucial for any business to succeed in the 21st century. These traits should not apply only to those in leadership positions but throughout the entire organization. And even though this is a process that usually starts from the top, it has to go all the way to the bottom for an organization to indeed progress. 

Having a fixed mindset will not allow you to achieve this, nor will it allow your employees to exploit their full potential, or for new leaders to emerge. A fixed mindset is also accompanied by less risk-taking, less acceptance of failure, less collaboration, and the list can go on. It is through a growth mindset that things will begin to improve. 

Here are three strategies on how to cultivate a growth mindset within your company. 

Mixing and Matching

To create a growth mindset within your organization, it’s essential to allow your employees to develop new skills, other than those for which they were initially hired to do. Learning and understanding different roles within a company will not only broaden their horizons, but it will also promote empathy and collaboration, encouraging your staff to approach things differently and more efficiently in the future. Not just that, but it will also increase productivity.

A Commitment to Learning

With time and experience, people tend to become entrenched in their way of thinking, which often leaves little to no room for improvement and learning. As a direct consequence, the same people will have a much harder time seeing opportunities, new solutions, or ideas, especially in a fast-changing business environment like today. 

Unfortunately or not, however, the older and more experienced people become, particularly when developing in a fixed mindset, the harder it will be to turn them onto a growth mindset. A faster alternative would be to focus on people’s capacity and willingness to learn during the hiring process than to concentrate on their pedigree. 

With time and under the right guidance, these employees will help build a learning culture within your company, will be able to collaborate successfully with their colleagues, and will better adapt to various challenges that may arise along the way.  

Take Risks and Accept Failure

Every business leader is fully aware that growth is always accompanied by risk and failure. There is no one-size-fits-all approach to running a successful business and errors are a natural part of the process. 

A growth mindset is not in denial about this and is accepting of the fact that sooner or later, failure will present itself. Trying to avoid defeat at all costs also means that no risks will ever be taken, which, in turn, will result in little to no creativity and innovation.     

The risk-taking, failure-accepting mindset needs to start at the top with leaders setting examples for their employees to follow. They should give their staff the liberty to try new things, fail, and learn from those mistakes. 

Conclusion

Businesses that want to continuously move forward need to adopt a growth mindset otherwise risk becoming obsolete. To do that, however, they need to be able to see opportunities as they present themselves and be accepting of failure as the natural part of trying out new things.

Question to reflect: Are you creating a growth mindset within your organization?

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