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The Power
of Mindsets!
Tathagat Varma
Country Manager, Nerdwallet
Pic: https://www.predictive-advantage.com/positive-and-negative-the-power-of-mindset-in-the-workplace/
Pre-exercise
Sr.
No.
Statement
Answer
(Y/N)
1 Generally, you can’t change how intelligent you are; we all have a set level.
2 Once you reach adulthood, your abilities don’t change too much.
3 You have a certain level of talent, and there isn’t too much you can do to change it.
4 It’s hard to keep learning new skills.
5 If you work at it, you can increase your intelligence levels.
6 You can always improve your ability, even by small steps.
7
Even if you don’t have a natural talent, you can increase your talent levels with
dedicated practice.
8 Learning new skills is in your control.
https://www.linkedin.com/learning/cultivating-a-growth-mindset/the-mindset-choice
Where do you see yourself?
• Enthusiasm: Iam the greatest hitter in the world!
• Resilience: Iam the greatest hitter in the world! Strike Two.
• Grit: Iam the greatest hitter in the world! Strike Three.
• (…repeated and endless failures later….)
• Mindset: Wow…I am the greatest pitcher in the world!!!
Road to success IS bumpy!
Failed 5,126 times!
Anand Kumar
The Hall of Fame…
•Why do some
people see failures
differently?
•What keep them
going despite
repeated failures?
•How do they
motivate
themselves?
Mindset
How we
think,
believe
and act
Why Mindset?
Mindsets
influence
results!
Employees in a growth mindset company
are…
47%
likelier to say that their
colleagues are
trustworthy
34%
likelier to feel a strong
sense of ownership and
commitment to the
company
65%
likelier to say that the
company supports risk
taking
49%
likelier to say that the
company fosters
innovation
https://hbr.org/2014/11/how-companies-can-profit-from-a-growth-mindset
Mindset
Mindset is a simple idea discovered by world-
renowned Stanford University psychologist
Carol Dweck in decades of research on
achievement and success—a simple idea that
makes all the difference.
Mindsets are beliefs—beliefs about yourself
and your most basic qualities. Think about
your intelligence, your talents, your
personality. Are these qualities simply fixed
traits, carved in stone and that’s that? Or are
they things you can cultivate throughout your
life?
https://mindsetonline.com/whatisit/about/index.html
Two types of Mindsets
Fixed Mindset Growth Mindset
Fixed Mindset
People with a fixed mindset believe that their traits are just
givens. They have a certain amount of brains and talent
and nothing can change that. If they have a lot, they’re all
set, but if they don’t... So people in this mindset worry
about their traits and how adequate they are. They have
something to prove to themselves and others.
In a fixed mindset, people believe their basic qualities, like
their intelligence or talent, are simply fixed traits. They
spend their time documenting their intelligence or talent
instead of developing them. They also believe that talent
alone creates success—without effort. They’re wrong.
•How many of
such mindsets
do we suffer
from?
•Are we self-
aware of our
mindsets?
•How do we
discover our
Growth Mindset
People with a growth mindset see their qualities as
things that can be developed through their dedication
and effort. Sure they’re happy if they’re brainy or
talented, but that’s just the starting point. They
understand that no one has ever accomplished great
things—not Mozart, Darwin, or Michael Jordan—without
years of passionate practice and learning.
In a growth mindset, people believe that their most basic
abilities can be developed through dedication and hard
work—brains and talent are just the starting point. This
view creates a love of learning and a resilience that is
essential for great accomplishment. Virtually all great
people have had these qualities.
•How do you
approach new
problems?
•What comes to
mind when you see
new things?
•What’s your
reaction to
setbacks and
failures?
Pic: http://friarsprimaryschool.com/growth-mindset/
http://www.cput.ac.za/blogs/wellness/2016/08/01/not-performing-that-well-change-your-mindset/
Common excuses and myths…
• Genetics: Iam shy by nature. Iwas born with a bad voice. Ihave a short
attention span. Everyone in family is bad at math.
• Past Circumstances: My parents did not allow me to play. My family forced me
to take up engineering. My friends made fun of my singing. Ilost interest in
arts because of my teacher.
• Present Circumstances: It is too late to improve my handwriting now. Ican’t
learn new technology with kids half my age. My employees will make fun of me
if Ifail. No one Iknow is learning to code at this age. Iam expert in my field.
• Future Circumstances: Iam already doing so well, why to learn new things? I
am entitled to promotion next year. Future is just a linear extension of the
present.
• Acknowledge and embrace
imperfections
• View challenges as opportunities
• Try different learning tactics
• Follow the research on brain
plasticity
• Replace the word “failing” with
the word “learning”
• Stop seeking approval
• Value the process over the end
results
• Cultivate a sense of purpose
• Celebrate growth with others
• Emphasise growth over speed
• Reward actions, not traits
• Redefine “genius”
• Portray criticism as positive
• Disassociate improvement from
failure
• Provide regular opportunities for
reflection
• Place effort before talent
• Highlight the relationship
between learning and “brain
training”
• Cultivate grit
• Abandon the image
• Use the word “yet”
• Learn from other’s mistakes
• Make a new goal for every goal
accomplished
• Take risk in the company of others
• Think realistically about time and
effort
• Take ownership over attitude
https://www.opencolleges.edu.au/informed/features/develop-a-growth-mindset/
Recap
"I don’t fix problems. Ifix my thinking.
Then problems fix themselves".
- Louise L.Hay

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vszrtntt4at5il7h5xda_signature_9703996e515603b558607b7609e6bbb5.pptx

  • 1. The Power of Mindsets! Tathagat Varma Country Manager, Nerdwallet Pic: https://www.predictive-advantage.com/positive-and-negative-the-power-of-mindset-in-the-workplace/
  • 2. Pre-exercise Sr. No. Statement Answer (Y/N) 1 Generally, you can’t change how intelligent you are; we all have a set level. 2 Once you reach adulthood, your abilities don’t change too much. 3 You have a certain level of talent, and there isn’t too much you can do to change it. 4 It’s hard to keep learning new skills. 5 If you work at it, you can increase your intelligence levels. 6 You can always improve your ability, even by small steps. 7 Even if you don’t have a natural talent, you can increase your talent levels with dedicated practice. 8 Learning new skills is in your control. https://www.linkedin.com/learning/cultivating-a-growth-mindset/the-mindset-choice
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  • 4. Where do you see yourself? • Enthusiasm: Iam the greatest hitter in the world! • Resilience: Iam the greatest hitter in the world! Strike Two. • Grit: Iam the greatest hitter in the world! Strike Three. • (…repeated and endless failures later….) • Mindset: Wow…I am the greatest pitcher in the world!!!
  • 5. Road to success IS bumpy!
  • 8. The Hall of Fame…
  • 9. •Why do some people see failures differently? •What keep them going despite repeated failures? •How do they motivate themselves?
  • 12. Employees in a growth mindset company are… 47% likelier to say that their colleagues are trustworthy 34% likelier to feel a strong sense of ownership and commitment to the company 65% likelier to say that the company supports risk taking 49% likelier to say that the company fosters innovation https://hbr.org/2014/11/how-companies-can-profit-from-a-growth-mindset
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  • 14. Mindset Mindset is a simple idea discovered by world- renowned Stanford University psychologist Carol Dweck in decades of research on achievement and success—a simple idea that makes all the difference. Mindsets are beliefs—beliefs about yourself and your most basic qualities. Think about your intelligence, your talents, your personality. Are these qualities simply fixed traits, carved in stone and that’s that? Or are they things you can cultivate throughout your life? https://mindsetonline.com/whatisit/about/index.html
  • 15. Two types of Mindsets Fixed Mindset Growth Mindset
  • 16. Fixed Mindset People with a fixed mindset believe that their traits are just givens. They have a certain amount of brains and talent and nothing can change that. If they have a lot, they’re all set, but if they don’t... So people in this mindset worry about their traits and how adequate they are. They have something to prove to themselves and others. In a fixed mindset, people believe their basic qualities, like their intelligence or talent, are simply fixed traits. They spend their time documenting their intelligence or talent instead of developing them. They also believe that talent alone creates success—without effort. They’re wrong.
  • 17. •How many of such mindsets do we suffer from? •Are we self- aware of our mindsets? •How do we discover our
  • 18. Growth Mindset People with a growth mindset see their qualities as things that can be developed through their dedication and effort. Sure they’re happy if they’re brainy or talented, but that’s just the starting point. They understand that no one has ever accomplished great things—not Mozart, Darwin, or Michael Jordan—without years of passionate practice and learning. In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work—brains and talent are just the starting point. This view creates a love of learning and a resilience that is essential for great accomplishment. Virtually all great people have had these qualities.
  • 19. •How do you approach new problems? •What comes to mind when you see new things? •What’s your reaction to setbacks and failures? Pic: http://friarsprimaryschool.com/growth-mindset/
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  • 22. Common excuses and myths… • Genetics: Iam shy by nature. Iwas born with a bad voice. Ihave a short attention span. Everyone in family is bad at math. • Past Circumstances: My parents did not allow me to play. My family forced me to take up engineering. My friends made fun of my singing. Ilost interest in arts because of my teacher. • Present Circumstances: It is too late to improve my handwriting now. Ican’t learn new technology with kids half my age. My employees will make fun of me if Ifail. No one Iknow is learning to code at this age. Iam expert in my field. • Future Circumstances: Iam already doing so well, why to learn new things? I am entitled to promotion next year. Future is just a linear extension of the present.
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  • 24. • Acknowledge and embrace imperfections • View challenges as opportunities • Try different learning tactics • Follow the research on brain plasticity • Replace the word “failing” with the word “learning” • Stop seeking approval • Value the process over the end results • Cultivate a sense of purpose • Celebrate growth with others • Emphasise growth over speed • Reward actions, not traits • Redefine “genius” • Portray criticism as positive • Disassociate improvement from failure • Provide regular opportunities for reflection • Place effort before talent • Highlight the relationship between learning and “brain training” • Cultivate grit • Abandon the image • Use the word “yet” • Learn from other’s mistakes • Make a new goal for every goal accomplished • Take risk in the company of others • Think realistically about time and effort • Take ownership over attitude https://www.opencolleges.edu.au/informed/features/develop-a-growth-mindset/
  • 25. Recap "I don’t fix problems. Ifix my thinking. Then problems fix themselves". - Louise L.Hay