Topic 3 Growth vs. Fixed Mind-set

A Fixed mindset can be described as the assumptions held by people who perceive their talents and abilities to be set traits.

Growth mindset can be described as the assumptions held by people who believe that their abilities can be developed through dedication, effort and hard work.

Examples

Fixed mindset: „Why do you want to start up a business? You need accounting skills. You were always terrible at math at school. Are you sure you can do it?“

Growth mindset: „I might not be good at accounting first, but I think I can learn to be good at it if I commit to it and put in the time and effort.“

Fixed mindset: „if you fail everybody will laugh at you.“

Growth mindset: „Give me the name of one successful person who never experienced failure at one time or another.“

Illustration taken from: Entrepreneurship : the practice and mindset, by Heidi M. Neck, Christopher P. Neck and Emma L. Murray; Sage Publishing, 2020