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☆ 'Highly successful and likable' people are never afraid to use these 3 words, says psychology expert
▼ + stars: | 2023-11-28 | by ( Scott Shigeoka | ) www.cnbc.com time to read: +2 min

But researchers have found that when someone does admit they were wrong, they are not seen as less competent. As a psychology expert, I've found that highly likable and successful are "admitters," and they aren't afraid to say three simple words: "I was wrong." The key is to remind yourself that even though your behavior was wrong, you can change it in the future. And just because you are admitting wrongdoing, that doesn't mean you are saying you're a bad person. When someone tells you that you're wrong, instead of immediately jumping to the defensive, get curious about why they're saying that to you.

Persons: I've, you've, Carol Dweck, Karina Schumann, You'll

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ Millionaires, athletes and experts swear by this mindset—how to make the most of it, and avoid its pitfalls
▼ + stars: | 2023-10-18 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

You've probably heard about the growth mindset — the idea that constant, incremental improvement can lead to achievement and success. It's also the key to understanding why the growth mindset works and when to lean into it, researchers say. Several studies on school-age children, for example, found that a growth mindset resulted in better grades for kids from financially well-off families than those from poorer backgrounds. A growth mindset is "a necessary but insufficient condition for learning," says Tipton. When a growth mindset is most effective, and how to use it wisely

Persons: You've, Carol Dweck, It's, Jennifer Burnette, Elizabeth Tipton, Tipton, it's Organizations: Ivy League, North Carolina State University, CNBC, Northwestern University, Psychological Locations: Tipton

☆ Goldman Sachs exec: The No. 1 soft skill successful people use to get ahead at work—and how to develop it
▼ + stars: | 2023-08-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Shekhinah Bass cut her teeth — and built her career — at one of the most competitive, powerful firms on Wall Street: Goldman Sachs. The most important soft skill that distinguishes high performers at Goldman Sachs, and propels people to successful careers on Wall Street at large, she's discovered, isn't creative dealmaking or a confident attitude — it's having a growth mindset. Coined by psychologist Carol Dweck, a growth mindset is when you see your abilities, talent and knowledge as skills you can continue to grow and improve upon. In the workplace, Bass says, you can measure your growth mindset based on how you respond to feedback from your manager and co-workers. "With a growth mindset, you will see those blind spots as things that are within your control to improve."

Persons: Shekhinah Bass, —, Goldman Sachs, she's, Carol Dweck, it's, Dweck, Bass, It's, Warren Buffett Organizations: Wall, CNBC

☆ 4 steps leaders must take to make the most of AI and not get left behind, according to an MBA professor
▼ + stars: | 2023-08-04 | by ( Leigh Thompson | ) www.businessinsider.com time to read: +9 min

Go with a growth mindsetPrior to ChatGPT's public launch, most managers had minimal experience using generative AI. That changed quickly as some businesses — including IBM — suggested that managers start using AI or risk losing their jobs. The better question for leaders is, "Do I believe I can learn to leverage generative AI in a productive way?" We are seeing this at an organizational level with AI, as some leaders put the brakes on using generative AI, based in part on perception of an AI-related skills gap among employees and the challenge of filling that. The conclusion here is that to get the best of generative AI, don't play into a dictator-servant relationship.

Persons: Leigh Thompson, Thompson, I've, IBM —, Carol Dweck's, Siri, Phil Zimbardo's, —, ChatGPT Organizations: Kellogg School of Management, Northwestern University, IBM, Alexa, Research, Stanford

☆ Inside TikTok's pitch to get marketers selling on Shops, and why the biggest brands are wary of investing
▼ + stars: | 2023-07-31 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

US brands are testing TikTok's shopping feature that competes with Amazon. TikTok Shops charges lower fees than Amazon, but it requires too many resources from brands. Many big brands are also investing in loyalty programs that don't connect well with social commerce features, she said. He said that his agency has 25 clients that plan to use TikTok Shop, and half of those brands are already live. WPromote's early results show that running TikTok Shop ads are driving sales, Dweck said, though he did not provide specifics.

Persons: TikTok, it's, Rachel Tipograph, they've, Vic Drabicky, Drabicky, Tipograph, Carly Carlson, PMG, Digital's Drabicky, David Dweck, Dweck Organizations: Amazon

☆ How Meta is fighting off Apple's best shot and saving its ad business
▼ + stars: | 2023-05-11 | by ( Lauren Johnson | Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Meta's AI tools has helped save its ad business, after Apple rolled out its ATT privacy feature. These AI tools have helped Meta regain the trust of some advertisers after ad performance declined. Knowing it would lose the user signals that made its ads business so lucrative, Meta heavily invested in artificial intelligence. "Meta's advantage in AI is its advantage in training data," said Adam Heimlich, CEO of Chalice Custom Algorithms. "Every advertiser who places a Meta tag on their site or app is contributing to Meta's advantage by contributing data.

☆ A real-estate investor who owns 12 properties shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
▼ + stars: | 2023-05-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

These books cover real estate and investing, business, personal development, and leadership. Intrigued by real-estate investing, Rivers took the plunge and bought his first real-estate investment property in 2019. In a recent interview, Rivers shared the 10 books — spanning topics such as business, investing, and personal development — that helped him scale his portfolio quickly. "What It Takes" by Stephen A. SchwarzmanThis book, written by the billionaire investor and Blackstone CEO Stephen A. Schwarzman, is one of Rivers' personal favorites. While much of the focus for entrepreneurs is on building a business, Rivers said understanding how to sell a business was just as important.

☆ A real estate investor who owns 12 units shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
▼ + stars: | 2023-04-16 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

These books cover real estate and investing, business, personal development, and leadership. Intrigued by real estate investing, in 2019 Rivers decided to take the plunge and buy his first real estate investment property. In a recent interview with Insider, Rivers recalled only making $28,000 during his first year of selling real estate. It taught him the expectations to set for his employees while he was building up his full-service real estate firm, Rivers Capital Group. While much of the focus for entrepreneurs is on building a business, Rivers believes that selling a business is just as important.

☆ Yale happiness expert shares how to turn failure into success: 'Nerves are good'
▼ + stars: | 2023-03-01 | by ( Natasha Piñon | ) www.cnbc.com time to read: +3 min

At the time, Santos considered the experience a major failure, but now she credits her public speaking success to those freshman-year jitters. "We need to have much more of a growth mindset about failure." Coined by psychologist Carol Dweck, a growth mindset is when you believe you can always improve and learn more, even when it comes to your greatest strengths. It's her goal for any failure: Learn and grow enough from it that you won't make the same mistake twice. "One of the best ways of doing that — of getting better over time — is to actually experience failure, to experience the consequences of messing up," Santos says.

☆ Brazil's VP says development bank should be strengthened to leverage the economy
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +3 min

Asked whether this would involve changing the so-called TLP rate, charged by BNDES to lenders, he said only "it is important to create conditions to reduce the interest rate." It replaced the former TJLP rate, which was set by the government below the country's Selic base rate, to subsidize corporate loans. In his inaugural speech, Alckmin said his ministry will have BNDES under its wing, stressing it was essential to strengthen the bank's role to leverage the economy. According to Alckmin, BNDES should act "as a dynamizer of the industry competitiveness and exports, especially those of higher added value." That contrasts with former President Jair Bolsonaro, who centralized policy formulation and decision-making into a single Economy Ministry.

☆ Brazil's Lula announces new set of cabinet members with VP as minister
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva on Thursday announced a new set of future cabinet members ahead of his Jan. 1 inauguration, including Vice President-elect Geraldo Alckmin as minister of development, industry and trade. Lula also said economist Esther Dweck would lead the newly created Management Ministry, while business-friendly congressman Alexandre Padilha was appointed institutional affairs minister. Reporting by Gabriel AraujoOur Standards: The Thomson Reuters Trust Principles.

RIO DE JANEIRO, Dec 22 (Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, head of oil workers' union FUP, said on social media that Lula had picked Prates based on the labor group's recommendations. He added that Senator Alexandre Silveira would be chosen to be mines and energy minister. The transition team, Prates and Petrobras did not immediately respond to requests for comment. Preferred shares of the oil company rose more than 2% after Bacelar's post, outperforming Brazil's benchmark stock index Bovespa <.BVSP>, before ceding half the gain.

☆ Leo Messi used a 'growth mindset' to finally win his World Cup trophy—here's what that looked like
▼ + stars: | 2022-12-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

The only major item missing was a World Cup trophy until Sunday, when Messi's Argentina defeated France in a 4-2 penalty shootout after an extra-time thriller. The approach may sound familiar: It's reminiscent of psychologist Carol Dweck's theory of the growth mindset, which posits that talent is only a starting point. Many non-athletes champion their own versions of the growth mindset, from billionaire Mark Cuban to actor Will Smith. Studies show that students who are taught the "growth mindset" by educators are able to improve their test scores more than their peers, over time. And despite long being recognized as a global superstar, it took him roughly 16 years over five World Cup tournaments to finally land his elusive prize.

☆ Brazil's VP Alckmin announces team for budget planning government transition
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

[1/2] Brazilian President-elect Luiz Inacio Lula da Silva gestures near Geraldo Alckmin, Brazilian elected Vice President during a meeting with members of the government transition team in Brasilia, Brazil November 10, 2022. REUTERS/Ueslei MarcelinoBRASILIA, Nov 10 (Reuters) - The transition team of Brazilian President-elect Luiz Inacio Lula da Silva will have a budget planning group aligned with the leftist Workers Party (PT), indicated Vice-President-elect Geraldo Alckmin on Thursday. According to Alckmin, the team will feature former Finance Minister Guido Mantega, lawmaker Enio Verri, former Federal Budget Secretary Esther Dweck and Antonio Correa de Lacerda, president of the Federal Economic Council. Reporting by Lisandra Paraguassu; Writing by Marcela Ayres; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Child psychologist: The No. 1 soft skill that predicts kids’ success more than a high IQ—and how parents can teach it
▼ + stars: | 2022-10-22 | by ( Michele Borba | ) www.cnbc.com time to read: +5 min

Kids who have perseverance don't give up in the face of setbacks. Here are nine ways parents can help kids build perseverance:1. Identity solely based on fast achievements: Instill a growth mindset so your child understands that success is not fixed. To stretch perseverance, praise your child's effort, not their grades or scores. Remind them to repeat that statement out loud several times for a few days until they can remember to use it on their own: "Things don't have to be perfect.

☆ Science says parents of successful kids have these 26 things in common
▼ + stars: | 2022-02-07 | by ( Marguerite Ward | Rachel Gillett | ) www.businessinsider.com time to read: +24 min

Here's what parents of successful kids have in common, according to research. Children with parents who stepped in to provide instructions frequently displayed more difficulty regulating their emotions later, the researchers wrote. "Too much direct engagement can come at a cost to kids' abilities to control their own attention, behavior and emotions. When parents let kids take the lead in their interactions, children practice self-regulation skills and build independence," Obradović wrote in the study. The parents tend to take parental leave.

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