The transformative power of growth mindsets

In an enlightening discussion between Larry Culp, GE Chairman & CEO, and Carol Dweck, a pioneer in the field of psychology, the emphasis is on the transformative power of growth mindsets in individuals and organizations.

They explore how these mindsets can drive creativity, productivity, inclusion, and equity, and how they have been instrumental in GE’s transformation journey.

Understanding growth and fixed mindsets

A growth mindset perceives abilities and intelligence as traits that can be developed through effort, strategies, and collaboration.

Conversely, a fixed mindset views these attributes as immutable.

This understanding is fundamental to personal and organizational transformation.

Transforming fixed mindsets

Individuals with a fixed mindset can transition to a growth mindset by embracing opportunities for growth and challenging themselves to align with their aspirational self-image.

Recognizing triggers for a fixed mindset, such as challenges and setbacks, is a crucial part of this process.

The role of organizational mindsets

Organizational mindsets, much like individual ones, can be categorized as fixed or growth-oriented.

Growth mindset organizations are characterized by their commitment to developing everyone’s abilities and fostering an inclusive and supportive culture.