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By fostering a growth mindset, leaders allow individuals and teams' mindsets which don’t limit actions, productivity, and success. Leaders have to instill a belief in people that they can grow and do things differently from how they have done it before. “That’s the way I always do things” represent a fixed mindset.

Companies are now starting to realize that the difference between fixed and growth mindsets in employees can significantly impact workplace performance. In addition to the personal development benefits, a growth mindset also makes employees better team players.
With a growth mindset, people are:

• Motivated to learn and improve with feedback
• Able to change and adapt skills, behaviors, and attitudes faster
• Inspired by their teammates’ achievements
• Willing to share knowledge and help others succeed

In today’s episode of Q&A on Breakthrough Leadership, Lou Quinto and Craig P Anderson discuss the benefits of a growth mindset in three areas: cultivating a growth mindset; providing formative feedback, and creating space for a new idea.