The WEF 2025 conference in Davos has wrapped up. In reviewing the commentary we weren’t surprised to see Growth Mindset as a key priority for business and government. Here;s an extract form Davos
Adopting an adaptive mindset is key
Technology is advancing at such a pace, it’s not just a matter of employees and organizations reskilling for the AI age. It’s an almost continuous learning process. Sevak talks about the “half-life of a skill” and how it is rapidly decreasing. He says that a skill learnt now is worth half the value of one learnt six years ago.
“I think leaders should be prioritizing adaptability to new external realities,” Sevak says. “The marketplaces are shifting faster and there are more geopolitical questions being raised. What’s the role of China? What are the regulations coming out of Europe? What are the different governmental changes that are happening in key markets? There are the technology changes, political changes, and certainly all of the shifts in the skilling and human capital side are such that having that adaptive spirit – not being so fixed or having a fixed mindset, but more of a growth mindset, or an adaptive mindset – is going to be particularly critical this year.”
Keep adapting and looking forward is also the advice of David Steinbach, CIO at the global retail investment management company Hines.
“Good decision-making is top of the list. I think it’s going to be easy to fall back into some old habits and to forget some of the lessons that we’ve all learned. It’s going to be easy to fall into recency bias. And I think that that’s probably the single biggest thing that investors need to be thinking about this year is not to fall prey to those.”
