In business openness tends to produce better 'evolution' and competitive advantage. This is why owners with closed minds will head toward bankruptcy and not acknowledge it. The open mind is better able to adapt and accept the new. The closed mind is more likely to ignore the new until it becomes painful and overwhelming. In today's markets those that ignore the new often find themselves living in the obsolete.
Open minds tend to hire open minds and closed minds hire closed minds.
Closed minds often try to hire those that are less intelligent and capable than they are. Even though this makes no business sense this simple idea has killed many, many businesses. Open minds hit on more breakthrough strategies. Closed minds are seldom willing to venture out of the 'comfort zone'. Open minds become uneasy with complacency and seek out challenge.