Mental Models and Mindsets Paper Essay Sample

to constantly innovate and introduce new products.

Try New Approaches

In order to tackle emerging challenges, Mattel can also develop new models alongside their existing approaches (Wind, Crook).

A Gunther (2005) states that Mattel can assess internal processes for potential improvements. Education serves as a valuable tool for shaping mental models and attitudes, as it helps individuals communicate and share similar interests.

Specific measures can be taken to handle new endeavors. Another approach involves the influence of individuals, such as wise individuals, household members, and friends. This approach will directly affect an individual.

By promoting and achieving higher goals, Mattel can reward mental and theoretical advancements with incentives that can be tangible. This allows for the discovery of new approaches that will benefit the company. By combining the lessons learned from past experiences, opportunities are created to enhance the existing model. The key importance of exploring new approaches is to find a common model that can cater to the majority of people and implement the best practices at Mattel.

Overcome Inhibitors to Change

Despite the demonstration of new attacks at Mattel, overcoming inhibitors is crucial for making changes. Finding a new approach to reevaluate the business and mental models is necessary for Mattel. Analyzing the missing information required for launching new products will help overcome obstacles. The focus should be on addressing inhibitors, implementing small changes effectively, and acting in the best interest of the company.

The company's primary emphasis is on maintaining a strong brand identity through specific merchandise. Nonetheless, to outperform competitors, Mattel, a global toy manufacturer, must invest in and incorporate new products and concepts. In doing so, the company can uphold its esteemed reputation by adapting structures and processes

accordingly.

Crook. ; A ; Gunther. 2005 ) . Mattel will need to start with minor adjustments to fit into the business strategies. By maintaining a company that consistently builds trust, it will help overcome obstacles to adapt to a new mental model when necessary.

By lacking trust within the company, individuals will be less inclined to seek new innovative ideas. Implementing new mindsets will bring recognition and advancement to the company. Mattel needs to recognize the limitations in order to overcome obstacles and embrace change.

Implementing Change

Implementing change at Mattel involves altering the business strategy.

Mattel employees and engaging executives are focused on shifting their mental model from merely providing children with everyday exciting toys to offering an educational learning experience. The company strives to create a vision of play that attracts children and families to their products.

Mattel aims to transform itself from a prominent toy company into a competitive educational resource for children and families. This transformation may involve hiring employees with a background in educational play, rather than traditional toy makers. Mattel's strong leadership team is dedicated to continuous development.

The text emphasizes the importance of communication, inspiration, and employee development within a company. It highlights that changing the overall approach of a company and eliminating limitations and expanding opportunities are involved in altering the mental model. With this new venture, Mattel aims to expand the traditional mental model and create new paths for innovation. In conclusion, utilizing the four steps to change mental models and mindsets can enhance business performance for organizations.

According to the website www.mattel.com, Mattel's marketing strategy aims at attracting different customer bases and creating new business opportunities. Their educational Barbie and Ken

dolls, for example, appeal to customers who wouldn't typically purchase dolls. To stay ahead of competitors, Mattel encourages its employees to think innovatively and develop new products and ideas (source: Wind, Y. J., Crook, C., & Gunther, R. (2005). The power of impossible thought: Transform the concern of your life and the life of your business. Upper Saddle River, New Jersey: Pearson Education).