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CMA Final · Entrepreneurship and Startup · Entrepreneurial Skill Sets

A Hyderabad food-delivery startup's founder, Kavya, sees her second outlet close after a poor location choice. She documents what went wrong, adjusts her site-selection criteria, and opens a new outlet within two months. Which mindset is she displaying?

Kavya shows a growth mindset with resilience. She treats the failed outlet as a learning opportunity, documents the causes, improves her site-selection criteria and quickly tries again. A fixed or fatalistic mindset would instead blame circumstances or abandon efforts rather than learn and adapt.

  1. AGrowth mindset with resilienceCorrect
  2. BFixed mindset with blame attribution
  3. CFatalistic mindset
  4. DStatus-quo bias

Explanation

Kavya treats failure as information, analyses causes, changes her approach and acts again quickly, showing a growth mindset and resilience. A fixed mindset would see the failure as proof of inability or blame others. A fatalistic view would attribute it to fate and take no corrective action.

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