While knowledge, skill, education, and intelligence are key elements to a company’s success during good times, decisiveness during challenging times may just keep you afloat. And sometimes it means you will make mistakes when facing a fork in the road.
Carol S. Dweck, Ph.D., is one of the world's leading researchers in the field of motivation and has identified two basic types of mindsets in her book, Mindset: The New Psychology of Success. She refers to them as either fixed or growth mindsets. People with a fixed mindset (those who believe their intelligence is fixed) prefer to take on projects that will make them look good. They are generally obsessed with their image and are afraid of looking bad. This prevents them from doing things that can stretch them and help them increase their competency — even when they might badly need those new skills.