<P> Covey coined the idea of abundance mentality or abundance mindset, a concept in which a person believes there are enough resources and successes to share with others . He contrasts it 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 (see zero - sum game). Individuals with an abundance mentality reject the notion of zero - sum games and are able to celebrate the success of others rather than feel threatened by it . </P> <P> Since this book's publishing, a number of books appearing in the business press have discussed the idea . Covey contends that the abundance mentality arises from having a high self - worth and security (see Habits 1, 2, and 3), and leads to the sharing of profits, recognition and responsibility . Organizations may also apply an abundance mentality when doing business . </P> <P> Sean Covey (Stephen's son) has written a version of the book for teens, The 7 Habits of Highly Effective Teens . This version simplifies the 7 Habits for younger readers so they can better understand them . In September 2006, Sean Covey also published The 6 Most Important Decisions You Will Ever Make: A Guide for Teens . This guide highlights key times in the life of a teen and gives advice on how to deal with them . </P>

Summary of the 7 habits of highly effective people