Priorities, metrics and values.
In decisions and in life!
The World Economic Forum is over and it appropriately included a degree of soul-searching and even an admittance that mistakes had been made. This has been a good lead-in to my deliberations as I compose the 4th habit in the series (the 7 habits of highly effective decision makers) which discusses making ethical considerations a priority in decision making. (This may be THE most important of the 7 habits).
In my research on the topic, I have “discovered” a really special man Professor Clayton Christensen from Harvard Business School who poses some fantastic questions. I would like to share two elements of his work with you.
First a video of a talk he gave when receiving the McKinsey Award for the best HBR article. He talks about some of the flaws we make in measurement of profitability. Among other problems created, he demonstrates how they force us into a short-term bias and into one that reduces our likelihood of creating jobs. I think more and more that companies goals must start encompassing wider targets than profitability – and alongside CSR. For instance, is it not time that we started reporting on job creation and increased number of employees (as a positive)?
Have a look at the video (it is less than 5 minutes), and then come back for the article …
The second element of his work I would like to share is his article (that won the HBR award). It may challenge your thinking – or at the very least have you re-assess the priorities in your life. The questions he asks his Harvard class are:
- First, how can I be sure that I’ll be happy in my career?
- Second, how can I be sure that my relationships with my spouse and my family become an enduring source of happiness?
- Third, how can I be sure I’ll stay out of jail?
He then discusses the concept of a strategy for your life and resource allocation within that frame. Personally, I found the article refreshing and inspiring – and perhaps what many of us need as we move through some of the character-forming challenges that the world is providing us at the moment.
(Note you may have to register for HBR too read this – registration is free and Genesis gain no benefit from this in any way).
We normally end our articles with an offer of assistance with the issues that the topic raises when they are within our capabilities at Genesis. We certainly cannot claim to be experts in assisting people to re-align their values and measurement systems. However, we would be able to coach an individual or group through the process, probably using some of the tools we have available.
Because we believe it is important to give back to the world, we would be happy to offer such a facilitation for FREE to anyone (or any group) who would seriously like to undertake this. We could do this remotely or face to face and would only charge for any out of pocket costs we incurred in the process. Write to me confidentially at email@example.com to start an initial discussion.
(Note: we obviously have a constraint on time and so the offer is only available to the first 5 people/companies who contact us).