Despite hours of searching online and in more traditional dictionaries (did you know, they used to put them on paper and bind them into things called “books“?), I was not able to find any real definition of the phrase “Mastermind Group” (sometimes also called a “Mastermind Alliance”), so I have decided to compile a few below. The first one – what I call my master definition – is the definition I will be using to distinguish the kinds of groups I investigate in this project. I want to make sure that Masterminds are not confused with regular team meetings in companies (since in those everybody is working towards the same goal), or mentor-mentee relationships (since the exchange of knowledge tends to be skewed in one direction).
The first definition is the one I will be using most. It will be a living definition. By that I mean that I will keep tweaking and making changes to it as I learn more about Mastermind Groups. If you have any additional definitions that you think I am missing, or if you want o to add to the master definition, please don’t hesitate to contact me.
Mastermind Group Definition
“A group of peers who meet on a regular basis and exchange ideas in order to help each individual member of the group meet their individual goals.”
Napoleon Hills Definition
“The coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.”
“A mastermind group is a peer-to-peer mentoring concept used to help members solve their problems with input and advice from the other group members. The concept was coined in 1925 by author Napoleon Hill in his book The Law of Success and described in more detail in his 1937 book, Think and Grow Rich. In his books, Hill discussed the idea of the Master Mind, which referred to two or more people coming together in harmony to solve problems.”
Definition For Business People (by 100masterminds.com)
Unlike many things in business, a Mastermind Group is not a zero-sum game. In a normal business transaction (in the perfect world), you would exchange one thing of value for another of equal value. So, you would pay someone $100 for a new phone (worth $100). Once the transaction is completed both parties still have the same number net worth of $100 US. In a Mastermind Group, however, the things that are exchanged is knowledge. If two people meet and both share one piece of knowledge with each other, they both then have two pieces of knowledge. Thus a net gain for everybody involved with no loss.
Definition for Philosophers (by 100masterminds.com)
In the words of Napolean Hill, a Mastermind Group is the bringing together of two or more minds in the spirit of harmony. The result is a new “mind” with the combined knowledge of everybody in the group, or a Mastermind. This concept is similar to the philosophic theory of a property is emergent if it is a novel property of a system or an entity that arises when that system or entity has reached a certain level of complexity and that, even though it exists only insofar as the system or entity exists, it is distinct from the properties of the parts of the system from which it emerges.
Definition for Geeks (by 100masterminds.com)
For the geeks among you – a group I am proud to be a part of – the easiest way to describe a Mastermind Group would be the Borg Collective from the series Star Trek Next Generation (in my humble opinion the best of all the series).
The Borg, for those of you who don’t know, are supposed to be a super-race who travels the galaxy and assimilate all knowledge so they can share it with every other borg in the galaxy so that they as a species can improve and become better. In the series, they are almost unstoppable, learning new things almost instantly, sharing it among themselves instantly and adapting. That, in a nutshell, is what a mastermind group should be like. Of course, theBorg also are out to assimilate all life in the galaxy and destroy individuality, but I encourage you not to mimic that part of their ethos.