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:
“What you desire when young, you have in abundance when old.”
—Johann Wolfgang Von Goethe (1749–1832)
“To many women marriage is only this. It is merely a physical change impinging on their ordinary nature, leaving their mentality untouched, their self-possession intact. They are not burnt by even the red fire of physical passion—far less by the white fire of love.”
—Mary Webb (1881–1927)