Scarcity vs Abundance Mentality

Filed in Leadership by on December 7, 2018 0 Comments

By definition, scarcity is the idea that there is not enough to go around.  For example, there’s not enough opportunity, not enough money, not enough love, etc.  

In the workplace, a scarcity mentality poisons the growth of both the manager(s) and employees.  This mentality also inhibits the growth of the overall organization.  A leader with a scarcity mentality may, for example, hold on to their position at all cost because they fear their position being lost to someone else.  If you think about it, this mentality is based on the fear of “there is not enough to go around.”  With attitudes like, “It’s mine…all mine,” there’s an environment of greed.  Most employees want opportunities for growth, promotions, success, etc.  A successful organization gives people opportunities for growth by allowing them to move around either vertically or laterally.

The abundance mentality begins with the idea that there is enough to go around.  There’s enough opportunity, enough money, enough love, etc.  This mentality builds an environment of growth through generosity or sharing.  Leaders with a servant based leadership style encourage an environment where employees are carefully equipped to become the next leaders.

I first learned of this through Stephen Covey’s book, The Seven Habits of Highly Effective People.  This is a really good book for anyone who considers time a valuable thing.  Stephen Pearson used to teach the “Covey” principles in Canada.  He talks more about it on his blog.

http://franklincoveystephenpearson.blogspot.com/2011/01/abundance-mentality-vs-scarcity.html

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Whether it's programming, troubleshooting, cooking, or playing music, Marshall enjoys being creative.

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