Covey coined the idea of abundance mentality or abundance mindset, a concept in which a person believes there are enough resources and success to share with others. He contrasts it with the scarcity mindset (i.e., destructive and unnecessary competition), which is founded on the idea that, if someone else wins or is successful in a situation, that means you lose; not considering the possibility of all parties winning (in some way or another) in a given situation. Individuals with an abundance mentality are able to celebrate the success of others rather than feel threatened by it.
Since this book's publishing, a number of books appearing in the business press have discussed the idea. Covey contends that the abundance mentality arises from having a high self-worth and security (see Habits 1, 2, and 3), and leads to the sharing of profits, recognition and responsibility. Organizations may also apply an abundance mentality when doing business.
Read more about this topic: The Seven Habits Of Highly Effective People
Famous quotes containing the words abundance and/or mentality:
“Here commences what was called, twenty years ago, the best timber land in the State. This very spot was described as “covered with the greatest abundance of pine,” but now this appeared to me, comparatively, an uncommon tree there,—and yet you did not see where any more could have stood, amid the dense growth of cedar, fir, etc.”
—Henry David Thoreau (1817–1862)
“Perhaps nothing is so depressing an index of the inhumanity of the male-supremacist mentality as the fact that the more genial human traits are assigned to the underclass: affection, response to sympathy, kindness, cheerfulness.”
—Kate Millet (b. 1934)