According to the Harvard Business Review, organizations around the world invest approximately $356 billion annually on leadership development efforts, yet over 75% of these organizations rated their leadership development programs as ineffective. What causes all of these organizations to have a low return on investment in their leadership development efforts?
Simply put, mindsets are the driving force behind what leaders do and why they do it. When leadership development efforts ignore mindsets, they ignore how leaders see and interpret problems and opportunities.
After detailed research, Harvard Business Review identified four distinct mindsets that have been found to affect leaders’ ability to engage with others, navigate change more successfully, and perform in their leadership roles more effectively.
Having a growth mindset is foundational to leadership success because it supports the premise that people can learn, grow, and expand their skills.
When a leader has a growth mindset they can see setbacks as an opportunity to get back to the drawing board and try again. With a growth mindset, leaders are more likely to take on challenges, are open to feedback, adopt the more effective problem-solving strategies, and are more persistent in working towards their goals.
Leaders with a learning mindset are motivated to increase their knowledge and enjoy putting effort into mastering new things. These leaders make efforts to increase their competence, engage in deep-level learning strategies, and actively seek feedback. They are also persistent, adaptable, willing to cooperate, and tend to perform at a higher level.
Leaders with this mindset value openness and adaptability. An agile leader can take in and filter information and assimilate quickly. Agile leaders are resilient and innovative which allows them to not only anticipate change but actively seek or even create it themselves.
Leaders with a promotion mindset are focused on winning and gains. A promotion mindset allows leaders to identify a specific goal and prioritize a system that will lead them to that goal. Research has found that those with this mindset think more positively, are more open to change, and are more likely to persist despite challenges and setbacks.
Questions to Ask Yourself:
- What does leadership mean to you?
- Are you currently in a leadership position? Or do you plan to be in one soon?
- How would you define your mindset now?
- Are you open to feedback and critique?
- One of the biggest aspects to being a successful leader is to be coachable. Are you coachable?
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