As business leaders, we find ourselves continuously grappling with this truth. Often, the difference between companies that plateau and those that scale new heights is not the size of their budget or the reach of their network, but the mindset of their leaders.

It is the growth mindset that views every obstacle as an opportunity for learning, and every failure as a stepping stone to success. Yet, it is increasingly common to find business leaders who, inadvertently or consciously, neglect to cultivate this invaluable mindset. This becomes a hindrance to innovation, adaptability, and ultimately, to the growth potential of the company.

 How do you build a growth mindset in an organization?

 Here are a few steps you can take: 

1. Embrace innovation: promote a culture that values creativity, encourages experimentation, and rewards calculated risk-taking. Review your revenue model and introduce new strategies to align to your market.

    

2. Learn from your failures: Use your metric and KPI’s to measure the success of your activities. Then iterate on your strategies to achieve better outcomes.

    

3. Continuous improvement: Review your operations an ensure you have adapted to changing market dynamics. Support your team to seek out new learning opportunities and develop new skills.

    

4. Promote collaboration and feedback: start the annual strategic planning early to foster innovation, enhance problem-solving and leverage the collective intelligence of your teams.

 “In a growth mindset, challenges are exciting rather than threatening…”

Carol S. Dweck, the psychologist who coined the term ‘growth mindset.’

What is your next great product, great hire, great idea?

Create the Next™!