How To Cultivate, a 'Growth Mindset' .<br />The phrase "growth mindset" has come <br />to be a ubiquitous, but often misunderstood, <br />idea in the business world. .<br />Lifehack recently offered readers insight into <br />the true meaning of having a "growth mindset.".<br />The term was coined by author and Stanford University professor Carol Dweck in her 2006 book, 'Mindset: The New Psychology of Success.'.<br />The term was coined by author and Stanford University professor Carol Dweck in her 2006 book, 'Mindset: The New Psychology of Success.'.<br />Dweck explained in a Harvard Business Review that <br />a "growth mindset" is based on the belief that one's talents can <br />be developed with hard work, strategy and input from others. .<br />On an organizational level, a growth mindset <br />can help to cultivate an atmosphere<br />of collaboration and innovation. .<br />According to Lifehack, the most successful companies know that a growth mindset is developed from the top down. .<br />Leadership must remain adaptable in order <br />to commit to continued growth and learning. .<br />Leaders should create and promote <br />channels for coworkers to collaborate <br />and seek help from each other. .<br />It is important to acknowledge both successes and failures, and take advantage of teachable moments. .<br />This can help to establish an atmosphere that encourages risk-taking and experimentation. .<br />In the modern world, <br />don’t minimize your risks – <br />maximize your opportunities, Naval Ravikant, AngelList CEO, via Lifehack
