TalentLMS, a leading learning management system, has released its latest report on Growth Mindset in the Workplace, based on a survey of 300 business leaders and 1,000 employees in the U.S. The findings reveal that whole executives recognize the critical role of growth mindset in driving success, they also express concern over the potential negative impact on generative AI on key soft skills.
A growth mindset is the belief that people can develop their intelligence, abilities, and talents over time through effort, practice, and learning.
“As leaders, we must embody this growth mindset and lead by example,” says Nikhl Arora, CEO at Epignosis, the parent company of TalentLMS. “We must be the first to embrace new challenges, to admit our mistakes, and to celebrate the learning process. By doing so, we create an environment where everyone feels empowered to be bold and get out of their comfort zones.”
Key findings from the study include the following.
- Most (80%) executives believe a growth mindset contributes directly to revenue growth.
- Even more (89%) agree that future business success depends on leaders who embrace a growth mindset.
- More than half (64%) report higher productivity and performance, and 58% cite improved engagement as a benefit.
Despite the clear benefits, both executives and employees face common obstacles in developing a growth mindset:
- fear of failure and reluctance to step out of comfort zones;
- difficulty in dealing with negative feedback and criticism; and
- resistance to change and new ideas.
Executives agree that leaders must take action to overcome these barriers through leading by example (90%), providing continuous learning opportunities (87%), and normalizing discussions around failure (84%).
While 96% of executives claim they embody a growth mindset, only 45% of employees agree their leadership demonstrates this mindset in practice. This disconnect highlights a critical gap that needs to be addressed for organizations to succeed.
Furthermore, a significant finding of the study is that 53% of executives believe that generative AI could hinder the development of crucial growth mindset skills like active listening, critical thinking, and time management. This underscores concerns about the role of technology in shaping the future workforce and the need for a balanced approach to AI integration in the workplace.
