Wednesday, January 20, 2010

Do you need to fail?

This is the question always I ask for my self? I hope everybody would have asked this question to themselves some point of time or they would have asked others?

If i ask myself or anybody about their top five moments of their career/life when it took leap forward - I feel failure was always on the list. For some it was a project gone bad. For some it was the loss of a job.And for others still it was the failure of a larger system, like an economic downturn, that required them to step up.

This where I learned the concept of fixed mindset and growth mindset. Let me explain this further:
If you believe that your talents are inborn or fixed, then you will try to avoid failure at all costs because failure is proof of your limitation. People with a fixed mindset like to solve the same problems over and over again. It reinforces their sense of competence.

Children with fixed mindsets would rather redo an easy jigsaw puzzle than try a harder one. CEOs with fixed mindsets will surround themselves with people who agree with them. They feel smart when they get it right.

But if you believe your talent grows with persistence and effort, then you seek failure as an opportunity to improve. People with a growth mindset feel smart when they're learning, not when they're flawless

If you have a growth mindset, then you use your failures to improve. If you have a fixed mindset, you may never fail, but neither do you learn or grow.

After understanding/reading this, when i think about growth mindset,the name that click my brain is Mr.Big B (Amitabh Bachan).He has seen all the ups and downs of his life/career. But he used all those to grow/improve, whether it is failures in the beginning of his career or in the middle of his career or his production house ABCL.
He was never afraid of failure and that really one of the example of Growth mindset.

A growth mindset is the secret to maximizing potential.

This is just an open discussion.