CMA Final · Entrepreneurship and Startup · Entrepreneurial Skill Sets
Arjun's Surat textile-tech startup launched a fabric-dyeing app that received poor reviews within two months. He studied the feedback, concluded the onboarding was too complex, rebuilt it, and relaunched while telling his team that the failure taught them what customers need. Which mindset is Arjun displaying?
Arjun displays a growth mindset. He treated the poor reviews as information, diagnosed the complex onboarding, rebuilt the product and relaunched. Seeing failure as a source of learning and improvement, rather than proof of fixed limits or helplessness, is the defining feature of a growth mindset.
- AFixed mindset, because he attributes the outcome to limited ability of the team
- BGrowth mindset, because he treats failure as feedback and learning to improveCorrect
- CEntrepreneurial myopia, because he focuses only on the present product
- DLearned helplessness, because he believes outcomes are beyond his control
Explanation
A growth mindset sees abilities and outcomes as improvable through effort and learning. Arjun analysed feedback, redesigned the product and framed failure as learning. A fixed mindset would blame inherent limits, and learned helplessness would involve giving up since outcomes seem uncontrollable.
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