In decision theory and general systems theory, a mindset is a set of assumptions, methods, or notations held by one or more people or groups of people that is so established that it creates a powerful incentive within these people or groups to continue to adopt or accept prior behaviors, choices, or tools. This phenomenon is also sometimes described as mental inertia, ‘groupthink,’ or a ‘paradigm,’ and it is often difficult to counteract its effects upon analysis and decision making processes.
A mindset can also be seen as incident of a person’s Weltanschauung or philosophy of life. For example there has been quite some interest in the typical mindset of both individual entrepreneurs and their organizations. An institution with an entrepreneurial philosophy will set entrepreneurial goals and strategies as a whole, but maybe even more importantly, it will foster an entrepreneurial milieu, allowing each entity to pursue emergent opportunities. In short, a philosophical stance codified in the mind, hence as mindset, lead to a climate that in turn causes values that lead to practice.
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The Daily Omnivore 