Use Strategic Thinking to Create the Life You Want
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Published 2024-01-03
00:00 Summarizing a life strategy on a single page
00:20 Where did this idea come from?
00:54 What is a life strategy?
02:41 How do I define a great life?
04:15 How do I assess my life portfolio?
07:40 What portfolio choices can I make?
09:20 Where do I go from here?
For more details on all seven questions and designing your own life strategy, read the HBR article: hbr.org/2023/12/use-strategic-thinking-to-create-t…
In corporate strategy projects, executive leadership teams work through a series of questions to determine how their businesses can succeed. Individuals can use a similar process to figure out how to live a meaningful life. It starts with defining what makes a great life for you and then outlining your purpose and vision. You must also look at your current “portfolio” — the areas in which you spend your time and energy — to see if you’re investing the best of yourself in the activities most important to you. You should consider what research says about how people tend to find meaning and joy in life. Finally, you’ll want to identify areas where you need to make changes, and then ensure you follow through with objectives and key results. This program, Strategize Your Life, has been tested with more than 500 people around the world. With a few hours of work, you can develop a personal life strategy and summarize it on a single page.
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All Comments (21)
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I thought it would require high concentration to watch this video, but turned out it's very engaging, entertaining, and upbeat. love it. thanks, professor!
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At 69 and newly retired I am excited to see this video to get the most out of the next phase of my life journey.
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After 32 years, somebody made me realize that I am happy and satisfied. I sleep 8 hours a day, eat and poop, meeting my physiological needs. All the other things are of lesser importance.
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Great video. I love the 2x2 bubble chart. As a senior citizen, I look back over my life and see that the SLUs that were "important" to me changed 4-5 times over the decades. So, the process should include a periodic review of the bubble chart.
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lately i've been feeling lost for direction and loaded with things to do but don't know where to start and what to prioritize, this video has been really helpful in terms of dealing with those confusion. i have to say that this is amongst the rare helpful videos in youtube! i hope to watch more of videos like this. thank you very much for uploading this!
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Thank you for sharing, Sir. This model is absolutely amazing. In terms of overlaying methods from one context to another, we are exploring that in terms of overlaying concepts used by corporates to very small businesses. We are getting exposed to PERMAV for the first time through this video. Thank you! The SLUs and SLAs are also ingenious. KEY: In life, the unit of spending is TIME as it is what we spend on out SLUs.
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Actually thats far better than expected. You are summarizing a lot of important advise that i have gotten throughout my life in just 10 minutes! Respect!
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As a young consultant my self, I was deeply touched by this! Well presented!
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The Seneca quote is very important because if you dont know your lifes direction, what you want to do during your 40 year career your life wont be easy. 15 year olds should spend some hours every day figuring out what they pay attention to and what interests them to decide their education and future work life. They can do low level internships during high school every summer in various fields to explore what feels a suitable area.
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Before watching this video I've divided my life goals into 5 facets: (a) Business & Career, (b) Finance & Investment, (c) Health & Wellness, (d) Physical Assets & Belongings, and (e) Relationships & Intimacy. It's great to see your version professor in a form of 16 SLUs. I think I'll benchmark yours. Thanks!
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Oh yes, perfect timing, I will be implementing this at the weekend. Thanks!
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Never thought of plotting my life satisfaction on a BCG Matrix! Guess I am going to nerd out on this over a weekend. Thanks for sharing!
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I appreciate your effort on this research, Mr Strack. As a logical person, I find it impossible to sketch my life immediately. I appreciate that you provide me with a step-by-step guide, just like when I do so with my clients, and it really helps. Excellent video :>
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Only a great mind and incredible human could put such a difficult topic into so short of the video and deliver so much enlightenment in just 10 minutes 😮😍 unbelievable!
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Đây là một video tuyệt vời, tôi ước mình biết sớm hơn nữa. Cảm ơn chân thành đến HBR
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🎯 Key Takeaways for quick navigation: 00:00 🌐 Introduction to Strategize Your Life - Life strategy applies principles of corporate strategy to individual life. - Seven-step program for developing a life strategy. - Birth of Strategize Your Life through applying strategic thinking to personal life. 01:24 📊 Steps of Life Strategy Development - Overview of the seven steps in corporate strategy projects. - Each step's translation to individual life components. - Definition and alignment of personal success, purpose, vision, life portfolio, and choices for a great life. 02:47 🧠 Understanding the Symmetry of a Great Life - Critique of common misconceptions about a great life. - Introduction to positive psychology's PERMA-V model. - Exploration of six dimensions: Positive emotions, Engagement, Relationships, Meaning, Achievement, and Vitality. 04:41 🔄 Applying Business Concepts to Life - Introduction of the BCG portfolio matrix in corporate portfolio management. - Proposal of strategic life units as equivalent to business units. - Explanation of investing time, money, and energy in 16 strategic life units within 6 strategic life areas. 06:35 📊 Creating Your Strategic Life Portfolio - Explanation of creating a strategic life portfolio using importance, satisfaction, and time investment. - Illustration with an example of Tony, an engineer, and his strategic life units. - Encouragement to go through the exercise, assessing satisfaction, importance, and time investment in each strategic life unit. 08:00 📈 Adjusting Your Strategic Life Portfolio - Insight into adjusting parameters of importance, satisfaction, and time investment in strategic life units. - Identifying areas of dissatisfaction or inadequate time investment. - Practical examples of quick wins and adjustments to achieve a more balanced life portfolio. 09:25 🧭 Crafting Your Life Strategy - Emphasis on aligning life strategy with dimensions of a great life. - Introduction to the concept of a right portfolio. - Acknowledgment that life strategy is an ongoing process and one step in a seven-step
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Love the concepts and insights that HBR use to share with the world. 👍
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I reached out this video during Lunar New Year and yass that is so so wonderful & beautiful video I've ever seen. Thank you so much professor for well-delivering knowledge.
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It's a great presentation, thank Mr. Rainer for your sharing!
