What Is Mindsetting

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What Is Mindsetting

By | May 2011
Page 1 of 7
|What is a Mindset? |
|MBA 625 |
|Ece Arda |

What is a Mindset?

A mindset, in decision theory and general systems theory, refers to a set of assumptions, methods or notations held by one or more people or groups of people which 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 of cognitive bias is also sometimes described as mental inertia, “group think”, or a “paradigm”, and it is often difficult to counteract its effects upon analysis and decision making processes.[1]

What is a Global Mindset?

A global mindset is a way of approaching the world, a tendency to scan the world from a broad perspective. Globally-thinking persons tend to be open to themselves and others by rethinking boundaries and changing their behaviour. Global mindset is the foundation for business competences such as managing competitiveness and managing uncertainty. It is an orientation to the world; it represents a certain curiosity about the world, to see goals and objectives against larger backdrops and time frames; it provides explanation and meaning for events and guidance for one’s behaviour. The global mindset has sometimes been thought of as an inherent personality trait that is “open, interested in others, with positive regard, self-confident, flexible and professionally competent”. Many multinationals have sought to recruit rather than develop such skills. However, there has not been any empirical validation of the existence of this alleged “overseas type” personality. But there is considerable degree of agreement among many practising managers and management consultants in the conception and description of what is coming to be referred to as “global mindset”.

Does the global mindset...