Case Study: Organisational Growth Mindset at Work with Terumo
May 7, 2024
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Join Dr. David Rock and Probir Das from Terumo as they discuss implementing a growth mindset at work. Discover how Terumo has developed 400 prototypes and embraced 'Mistakes Learned Award' to encourage progress and innovation.
Terumo embraced growth mindset principles to innovate with 400+ prototypes.
Institutionalizing growth mindset habits fosters innovation, experimentation, and learning from others.
C Fund for Victory spurs employee experimentation, risk-taking, and learning from mistakes at Terumo.
Deep dives
Tarumo Enhances Innovation with Growth Mindset
Tarumo, a global medical products and equipment company, focused on enhancing innovation by embracing the principles of a growth mindset. Over 400 prototypes were developed following this initiative, highlighting the organization's commitment to progress and learning from others.
Institutionalization of Growth Mindset Principles
The podcast delves into the institutionalization of growth mindset principles within Tarumo, emphasizing the importance of valuing progress, experimentation, and learning from others. These habits are seen as critical components for fostering a culture of innovation and adaptation.
Operationalizing Growth Mindset Through Systems
Tarumo implemented a unique program called the C Fund for Victory, an internal entrepreneurial venture fund encouraging employees to experiment and pitch various ideas. This initiative resulted in increased experimentation, risk-taking, and a shift towards a culture that embraces both success and learning from mistakes.
Impact of Growth Mindset on Organizational Performance
The podcast highlights the significant impact of growth mindset on Tarumo's performance, leading to double-digit growth compared to previous single-digit growth rates. The emphasis on collaboration, innovation, and engagement has not only driven strategic transformations but also certified entities within the organization, showcasing tangible results.
NeuroLeadership Institute's Leadership Development Program
The NeuroLeadership Institute's LEAD program integrates neuroscience for effective management, offering brain-friendly learning technology and AI advancements. This approach aims to equip managers with the skills to enhance self-management, inspire teams, and achieve exceptional outcomes, embodying a transformative social learning experience.
Join our Co-founder and CEO, Dr. David Rock, and Probir Das, Group Executive Officer at Terumo APAC, to be inspired by the journey of this global leader in medical devices. Terumo has been in operation for over 100 years and in 2022, embarked on a global journey in partnership with the NeuroLeadership Institute (NLI) to activate the power of an organisation-wide growth mindset.
Probir Das has been a strong advocate of the initiative and strongly believes it helped him personally and professionally. Within the Asia-Pacific region, Probir took it a step further: he has operationalised the NLI game-changing Growth Mindset framework by creating a 'Seed fund' dedicated to experimentation, and he constantly encourages the team to innovate.
Learn how Terumo has developed 400 prototypes so far since the implementation of NLI's GROW. They have also adopted a 'Mistakes Learned Award' and 'Peer learning teams' to constantly value progress, which includes both failures and wins.
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