- Created: February 21, 2011
- Type: Networking Group
- Members: 84
- Owner: Malcolm W.
- Website: http://www.communicat.com.au
The term "Sharpening the Saw" is defined as taking action to balance and renew your resources, energy, and health to create a sustainable long-term effective lifestyle.
Covey coined the term "abundance mentality" or "abundance mindset", a concept in which a person believes there are enough resources and success to share with others. It is commonly contrasted 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 be threatened by it.
The abundance mentality is believed to arrive from having a high self worth and security and leads to the sharing of profits, recognition and responsibility.
Organizations may also apply an abundance mentality while doing business.
