People often confuse a growth mindset with being flexible or open-minded or with having a positive outlook - qualities they believe they've simply always had. My colleagues and I call this a false growth mindset.
People with a growth mindset believe that they can improve with effort. They outperform those with a fixed mindset, even when they have a lower IQ, because they embrace challenges, treating them as opportunities to learn something new.
Everyone is a mixture of fixed and growth mindsets. You could have a predominant growth mindset in an area, but there can still be things that trigger you into a fixed mindset trait.
You can't just declare that you have a growth mindset. Growth mindset is hard.
We're finding that many parents endorse a growth mindset, but they still respond to their children's errors, setbacks or failures as though they're damaging and harmful. If they show anxiety or overconcern, those kids are going toward a more fixed mindset.
Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged. It's one of those taxes that most clearly damages economic growth and jobs.
You try something, it doesn't work, and maybe people even criticize you. In a fixed mindset, you say, 'I tried this, it's over.' In a growth mindset, you look for what you've learned.
I think there is some kind of disillusionment in the West about the gains of modernity and of economic growth and it takes a form of skepticism about the gains of prosperity generally.
Without productivity gains, any growth in GDP is exactly offset by population growth, and the average income stays the same.
When someone endorses a fixed mindset, it can limit them, even if they're successful at the moment, because if they start struggling and tumbling, they can lose their confidence, but also, they may not create a growth mindset environment for others.
This point is?.?.?.?crucial,” writes Dweck. “In the fixed mindset, everything is about the outcome. If you fail — or if you’re not the best — it’s all been wasted. The growth mindset allows people to value what they’re doing regardless of the outcome.
Growth hacking is the future of marketing. It has to be.
I want everyone inside of Microsoft to take that responsibility. This is not about top-line growth. This is not about bottom-line growth. This is about us individually having a growth mindset.
Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.
Why waste time proving over and over how great you are, when you could be getting better? Why hide deficiencies instead of overcoming them? Why look for friends or partners who will just shore up your self-esteem instead of ones who will also challenge you to grow? And why seek out the tried and true, instead of experiences that will stretch you? The passion for stretching yourself and sticking to it, even (or especially) when it’s not going well, is the hallmark of the growth mindset. This is the mindset that allows people to thrive during some of the most challenging times in their lives.
A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country.