Mind Over Money: The Power of Investing in Mindset
Dr. Mehboob Ahmad
Senior Pharmaceutical Leader | Driving Sales Excellence & Market Growth | Strategic Team Builder & Customer Engagement Expert | 25+ Years in Sales, Marketing & Business Development
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Mind Over Money: The Power of Investing in Mindset
Process and Managerial Implications
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Dale Carnegie once said, “Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all." What made these people keep on trying? Surely, their mindset. Like everything in this universe, mindset development requires investment. Investing in mindset may seem like a strange phenomenon, but it is a rare practice we are not often engaged in.
?? Our mindset is a belief system that helps us understand the world and ourselves. It can be likened to a prism through which we see, imagine, and respond to different events. It affects how we think, feel, and act in every situation. This means that what we believe about ourselves affects our success or failure. For example, when people encounter various situations, their thoughts lead to certain emotions, which directly affect their behavior in that situation.
?? Talking about the types of mindsets, we generally come across two prominent mindsets in our corporate world i.e. fixed mindset Individuals who believe that their abilities and outcomes are predetermined and unchangeable. They may shy away from taking risks or trying new strategies for fear of failure. They miss out on opportunities for growth. Growth Mindset, Conversely, individuals who believe that their abilities can be developed through dedication and hard work. They see challenges as opportunities for learning and growth, and they are more willing to take calculated risks in pursuit of their goals.
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?Although some individuals may naturally possess a growth mindset, (Mind set in mostly incorporated by parent’s conduct and family rituals) it is also a trait that can be developed and nurtured over time. Here are some strategies for cultivating a growth mindset. In succeeding part of this article, we will discuss the strategies which can be fruitful for transforming a fixed mind set to the growth mind set.
?? No failure in life is permanent. Instead of viewing setbacks as permanent failures, see them as opportunities for learning and growth. Analyze your mistakes, identify areas for improvement. Reviewing the stories and strategies of successful people in that particular aspect can serve the purpose of mentoring. Now, this investment in mindset transformation will bring about the required change. Since it's a time-consuming process, persistent effort and avoiding derision are mandatory.
?? Confucius relied on a change in mindset rather than a change in goals, as reflected in his famous quote: "When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps." It is important to keep our eye on the bigger picture and resist the temptation to react impulsively to short-term hurdles. Developing a winner's mindset involves improving adaptability.
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?? Knowledge is power in improving adaptability and mindset transformation, and being well-informed can help us make more confident and rational decisions. Surrounding ourselves with like-minded individuals who share our commitment to growth and learning, such as joining clubs, attending seminars, or seeking out mentors who can provide guidance and support on our mindset transformation for a victorious journey, can prove instrumental.
?? Wrapping up the discussion, investing in mindset is just as important as investing in financial instruments. By cultivating a growth mindset and adopting proactive investment behaviors, we can enhance our ability to navigate the complexities of life & our work place and achieve long-term success.
?? Talking about the managerial implication of the discussion, managers can foster a growth mindset in employees by praising effort, providing constructive feedback, and encouraging risk-taking. Creating a supportive environment where learning from mistakes is valued helps employees embrace challenges and develop resilience. By modeling a growth mindset, themselves, managers inspire employees to continuously improve and achieve their full potential.
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For comments and suggestions on this article
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Dr. Mehboob Ahmad
Sr. Regional Manager Martin Dow Marker.
Ph.D. MGT (Marketing), MS-Marketing, MBA-Marketing, B. Sc. (Zoology)., AKU-MERCK-ABMTC, OSHA-Certified
0300-0600749 (WhatsApp only)
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