IES's Management College and
Research Centre

How to Build a Growth Mindset

By
Saurabh Paradkar
September 8, 2025

In today's fast-paced, hyper-competitive environment, everything - from success to stagnation - depends very much on how we view challenges and failures. A growth mindset believes that skills, intelligence, and talents may be cultivated through dedication and commitment. Conversely, a fixed mindset posits all of them as fixed factors, leading to fear of failure and restricted development. The great thing is that anybody can keep evolving into a growth mindset through consistent practice and self-awareness.

Understanding the Growth Mindset

A growth mindset does not mean blind optimism; it means recognizing that setbacks present opportunities from which we can learn. Carol Dweck, the psychologist who introduced this very idea, emphasised that growth mindsets accept challenges, stay the course despite setbacks, and consider effort to be their road to mastery.

Why a Growth Mindset Matters

Adopting the growth mindset is beyond academics or career, spreading into all spheres of life. It cultivates and encourages resilience, adaptability, and innovation, which are obviously the very traits one needs for leadership and success in this ever-changing environment. Students, workers, and businessmen are all better off if they change from an “I can't do this” to “I can learn how to do this.”

Steps to Building a Growth Mindset

Embrace Challenges

Instead of avoiding difficult tasks, see them as opportunities to grow. Every new challenge is a chance to build a skill you never had before.

Accept Criticism to Learn

The feedback one receives is never a judgment: it is always a guide. Accept constructive criticism and use it. Do not take it personally.

Change Failure to Learning

Failure is not the end; it is data. Each set-back gives you written insight into what works and what does not work and brings you closer to success.

Celebrate Efforts, Not Just Results

Acknowledge the effort put forth, regardless of result. Only seeing the result is a big reason for disappointment, but recognising effort leads to motivation.

Surround Yourself with Growth-Oriented People

The environment around you creates your mindset. Find mentors, peers, and communities that facilitate learning and growth.

Growth Mindset in Real Life Examples

Think of entrepreneurs  like Steve Jobs, who came back stronger after being ousted from Apple, or J.K. Rowling, whose persistence after multiple rejections led to the Harry Potter phenomenon. Their tales highlight that success often comes after learning from failures and embracing growth.

Building a growth mindset does not happen all at once; it is a lifetime process. By taking up challenges, using feedback productively, and appreciating progress, you can transform the way you approach life and work. Be it a management student, entrepreneur, or working professional, the growth mindset stands one in good stead through uncertain times, allowing them to achieve their fullest potential.

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