Archive for April 16th, 2014

April 16, 2014

Mindset

mindset

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.

read more »