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Use Strategic Thinking to Create the Life You Want

Harvard Business Review
2024 ж. 12 Мам.
741 171 Рет қаралды
Жүктеу

Seven questions can clarify what really matters to you and help you build your own life strategy, according to BCG’s Rainer Strack.
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...
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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  • 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!

    @lmnneath@lmnneath4 ай бұрын

    • @monineathlay3673 couldn't agree more 💯

      @Businessvidsofficial@Businessvidsofficial4 ай бұрын

    • L,

      @fatimoholorunseyisalaudeen1890@fatimoholorunseyisalaudeen18904 ай бұрын

    • This is life defined as business jargon. What a terrible way to live.

      @sneakerbabeful@sneakerbabeful3 ай бұрын

    • It's their job to keep us glued to this shit, self improvement is masturbation

      @Wassertivo@Wassertivo2 ай бұрын

    • Tho I love the video

      @Wassertivo@Wassertivo2 ай бұрын

  • 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.

    @afshanbaig2461@afshanbaig24613 ай бұрын

  • BCG growth-share matrix is really exciting. Rather than living randomly strategize it !!!

    @mindful_knight669@mindful_knight6694 күн бұрын

  • very thoughtful to upload this here

    @mindful_knight669@mindful_knight6694 күн бұрын

  • I love the transformation from business consulting to life consulting, gread job, gread content!

    @saschapauss2826@saschapauss282622 күн бұрын

  • 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!

    @captaingenyus843@captaingenyus8433 ай бұрын

  • 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.

    @jimgrant1776@jimgrant17764 ай бұрын

  • This video is unironically hilarious and the perfect case study for where contemporary culture is at. The whole notion of corporate strategy is based upon the guiding principles of religion and philosophy - the institutions of a culture. Questions like - how do I live a good life, what does good mean, what is my purpose, why does these things matter - were all answered by religious institutions and philosophical study, and permeated through out via intellectuals/elite class and the structures of a society. These same questions and ideas were then applied to business because they are precisely the questions and answers you need to be able to manage and steer a company toward success. Contemporarily, it seems we now have to turn toward the creation - the corporate world - the byproduct of our bygone institutions, to even know what questions. How funny TLDR; corporate strategy came from what we previously applied to our lives on a civilizational and individual level. Now we have to turn toward corporate strategy to find what was lost

    @aronfuji5674@aronfuji56742 ай бұрын

  • As a young consultant my self, I was deeply touched by this! Well presented!

    @user-jf5fn4vr9b@user-jf5fn4vr9b4 ай бұрын

  • 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.

    @tscafrica@tscafrica4 ай бұрын

  • 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!

    @alekseybenitez7453@alekseybenitez74534 ай бұрын

    • I really like your 5 facets. it's quite easy to break down. great job!

      @chumaudogu@chumaudogu3 ай бұрын

    • You sound like a damn tool.

      @sneakerbabeful@sneakerbabeful3 ай бұрын

    • even i had done something similar -> Work , Personal (All Relationships) , Health , Finance & Investments. I had counted assests and belonging in finance

      @hemangshrimali6308@hemangshrimali630827 күн бұрын

  • Oh yes, perfect timing, I will be implementing this at the weekend. Thanks!

    @jonr6680@jonr66804 ай бұрын

  • 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!

    @shankarganeshk3367@shankarganeshk33674 ай бұрын

  • Love the concepts and insights that HBR use to share with the world. 👍

    @waqaryousfi6504@waqaryousfi65042 ай бұрын

  • totally was expecting this guy to tell us he is going to pump us up.

    @monikakress3867@monikakress38674 ай бұрын

  • I like so much the video, very insightful, very helpful, thank you！

    @xiaoxiaowu9509@xiaoxiaowu950910 күн бұрын

  • Thanks for the video. I leaned a lot about the structure of life. You’re a great Professor.

    @StoicGore@StoicGore4 ай бұрын

  • Luck 🍀🤞 is when preparations meets opportunities...very well said 🙏👊🤝💪

    @Scorpio-gb8ss@Scorpio-gb8ss3 ай бұрын

  • like it! I am also from the strategic management and was working at well-known consulting firms, and was just curious about the methods. I use several tools for myself in my private life - and yes, instead of using apps I am tracking myself in a very huge Excel 🤩

    @KarlaKolumna123@KarlaKolumna1234 ай бұрын

    • Can you please share the excel file in public interest?

      @VS-kn9rc@VS-kn9rc4 ай бұрын

    • @@VS-kn9rc +1 It would be great if @KarlaKolumna123 could share the sheet :)

      @iFrozenSkull@iFrozenSkull4 ай бұрын

    • X2

      @carlosr4687@carlosr46874 ай бұрын

    • Would love your email so we can talk about your excel

      @pb25789@pb257894 ай бұрын

    • Please, could you share it?

      @ecoleduconsultant5740@ecoleduconsultant57404 ай бұрын

  • It's a great presentation, thank Mr. Rainer for your sharing!

    @vietchinhquach2740@vietchinhquach27404 ай бұрын

  • 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.

    @margaretapersson7022@margaretapersson70224 ай бұрын

    • I could not agree more on this

      @aliyachirapant1963@aliyachirapant19632 ай бұрын

  • Thank you professor.Great video !

    @PAPIDAKI@PAPIDAKI4 ай бұрын

  • A fairly excellent insight at the beginning of the year to improve your life. Appreciate for making this video on KZhead

    @aswand1989@aswand19892 ай бұрын

  • So powerful and simple! Thank you for sharing.

    @user-bw4tu1qm2m@user-bw4tu1qm2m4 ай бұрын

  • What a great explanation. It’s similar to my own approach with wheels of life assessment. I like that you call those key areas of one’s life strategic life unit and use consultant language.

    @eisabainyo@eisabainyo4 ай бұрын

  • 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.

    @minhangthituyet1729@minhangthituyet17293 ай бұрын

  • This lays it out perfectly! I love the simplicity here.

    @SmrtSocial@SmrtSocial3 ай бұрын

  • 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 :>

    @thanhvanle3024@thanhvanle30244 ай бұрын

  • Awesome advice and great personality. Thank you for making this video!

    @josiahmarr6059@josiahmarr60594 ай бұрын

  • One of the Best video for applying Corporate Strategies to Life

    @awdheshkumarshukla@awdheshkumarshukla3 ай бұрын

  • Fantastic insight on defining what constitutes a meaningful life, outlining personal purpose and vision, and assessing where we invest our time and energy.

    @Businessvidsofficial@Businessvidsofficial4 ай бұрын

  • Great video, with a very well explained analogy of corporate strategy, life strategy and their synergies!

    @wadecason227@wadecason2274 ай бұрын

  • Đây là một video tuyệt vời, tôi ước mình biết sớm hơn nữa. Cảm ơn chân thành đến HBR

    @pctinyou@pctinyou4 ай бұрын

  • thanks for making this video HBR team!

    @asdad9715@asdad97154 ай бұрын

  • Excellent. Thank you very much!

    @user-ko6xo1jz2v@user-ko6xo1jz2v3 ай бұрын

  • Excellent, content and presentation and after all the idea and concept of the video.

    @joachimguth6226@joachimguth62263 ай бұрын

  • This was very well presented and engaging

    @popcycleism@popcycleism3 ай бұрын

  • Thanks a lot for your explanation Professeur, I do love your insights and your smile accompanied all along the video ❤😊

    @maianh-digitallearningdesi1046@maianh-digitallearningdesi10463 ай бұрын

  • I have implemented the suggested approach, and it has provided me with lucid insights.

    @mojalogy@mojalogy3 ай бұрын

  • Very helpful and inspiring. Thanks for this idea!

    @roroll4492@roroll4492Ай бұрын

  • A lot of thanks for making and sharing your video!!

    @dancu9271@dancu92714 ай бұрын

  • very, very, very interesting. Thank you for posting!

    @marcocapozzi7321@marcocapozzi73214 ай бұрын

  • Wow. This is a great and wonderful approach to the very age old problem of living the good life. It reflects the same kind of result as you have in religious and philosophy texts. It seems the result is always common sense. - Health - Gratitude - Family

    @petersuvara@petersuvara4 ай бұрын

  • Really enjoyed Appreciate for sharing God bless

    @Celestialkarma@Celestialkarma2 ай бұрын

  • Very informative! Thank you for sharing.

    @kamblegaurav@kamblegaurav3 ай бұрын

  • This is exactly what I have been looking for! Thank you!

    @chrisdshaw@chrisdshaw4 ай бұрын

  • It's been a while since i've seen a true valuable content on a subject from HBR A great life is a happy life and only contentment can bring satisfaction Also i couldn't agree more with Seneca on those two philosophies Thank you for sharing HBR

    @wghost1@wghost13 ай бұрын

  • Amazing to see how to apply business strategy to personal life development.

    @lpatrick2173@lpatrick21734 ай бұрын

  • Never thought, can plot my life on BCG matrix 🙂 great!

    @zubairahmedsiddiqui5057@zubairahmedsiddiqui50573 ай бұрын

  • thank you so much Prof. I will craft my Strategic Life Units

    @donaamelia1915@donaamelia19153 ай бұрын

  • Love this. So simply explained

    @KGPAPPIE@KGPAPPIE3 ай бұрын

  • Thanks for this Sir!

    @astarinip5470@astarinip54704 ай бұрын

  • That was very interesting; I'm excited to do the whole exercise.

    @mossbanksy@mossbanksy3 ай бұрын

  • I was looking for this the whole time!!! It really gives u a clear structure about your life. Love it!!!

    @alexcody2079@alexcody20794 ай бұрын

  • Thank you professor!

    @Gabriel-ch2sv@Gabriel-ch2sv3 ай бұрын

  • I think it is the most useful video I have seen for a long time…thanks

    @user-me6mb5nn3u@user-me6mb5nn3u3 ай бұрын

  • It's a brilliant technique to illustrate the states of SLU, thanks

    @islamamanov7136@islamamanov71363 ай бұрын

  • Great video! Thanks for sharing

    @user-fb1px1vv5w@user-fb1px1vv5w4 ай бұрын

  • eye rolling this whole video

    @NikkoTanGoogle@NikkoTanGoogle4 ай бұрын

    • Why?

      @GroundWork-se8my@GroundWork-se8my15 күн бұрын

  • Absolutely brilliant

    @sibanganidube2482@sibanganidube24822 ай бұрын

  • This is a very interesting approach on personal life management.

    @cuba_rj@cuba_rjАй бұрын

  • The SLU strategy help me to understand where i am currently at in my life , and i can assess where the areas of improvement i can make to achieve a great life i desire 🎉

    @FithriyaaniRashidi@FithriyaaniRashidi4 ай бұрын

  • excellent approach

    @bobverber8969@bobverber8969Ай бұрын

  • Life Strategy is an integrated set of choices that positions a person to win - That's a very good topic. I would appreciate more content like this! :)

    @vladimirberlizev216@vladimirberlizev2163 ай бұрын

    • A lot of people do not care about winning.

      @sneakerbabeful@sneakerbabeful3 ай бұрын

  • nicely explain

    @abhinavsingh-je7zu@abhinavsingh-je7zu3 ай бұрын

  • Must admit, thought it would be too dry, clinical, and just lack any meaning. I was wrong. I think Strack did a great job of coupling logic with meaning and purpose. Thank you, Rainer!

    @johnpepperdine3348@johnpepperdine33484 ай бұрын

  • Love Rainer’s energy!!🎉

    @cw11360@cw113603 ай бұрын

  • Very nice video. And the consultant is very good. :)

    @danielvianna1596@danielvianna15963 ай бұрын

  • Thank you, very useful!

    @gustavorubio5112@gustavorubio5112Ай бұрын

  • Love this content. Love from Philippines 🇵🇭🏳️‍🌈

    @seekian8979@seekian89792 ай бұрын

  • Amazing. Thank you

    @yohanesliong4818@yohanesliong48183 ай бұрын

  • This video is PACKED!!! What?! Thank you

    @SalawuIbrahim@SalawuIbrahim4 ай бұрын

  • nice one, thanks.

    @mykk_views9007@mykk_views9007Ай бұрын

  • To live a great life 1-define 2- my life purpose 3- vision 4- how to assess life portfolio 5-benchmark 6- WT portfolio choices can I make 7- ensure sucessful sustained life change

    @ajayramanaidu1@ajayramanaidu14 ай бұрын

  • Great video, the guy reminded of Christoph Waltz

    @lgnd-lm6ug@lgnd-lm6ug4 ай бұрын

  • Thank you❤️

    @unathindhlovu3280@unathindhlovu32804 ай бұрын

  • Wow, this really helps to structure and define what you want out of life !

    @christothomas7095@christothomas70954 ай бұрын

  • This tool is perfect for a new project we are starting for university students. Thanks for sharing

    @mpactlane504@mpactlane5044 ай бұрын

  • Wow! Perfect timing!

    @Tita_jackie@Tita_jackie4 ай бұрын

  • What an amazing video!

    @cloudnsec@cloudnsec3 ай бұрын

  • This video is wonderful

    @hoangkimkhanhle5126@hoangkimkhanhle51263 ай бұрын

  • Best content

    @chachusfoodnvlogs6171@chachusfoodnvlogs61713 ай бұрын

  • 00:01 Strategize Your Life applies business strategy principles to personal life 01:29 Strategic thinking aligns personal goals with organizational strategy 02:47 Strategic thinking leads to a fulfilling life beyond material gains. 03:55 Strategic life units help in allocating time, money, and energy effectively. 05:11 Identify 16 strategic life units and create a strategic life portfolio 06:26 Utilize strategic thinking to prioritize and allocate time. 07:47 Strategic life units satisfaction and time allocation are in your control. 08:54 Create a portfolio aligned with your life's dimensions

    @Devingel@Devingel10 күн бұрын

  • Thanks!😊

    @marzenababij5148@marzenababij5148Ай бұрын

  • Really, really useful.

    @tspmcfarlane@tspmcfarlane3 ай бұрын

  • Wonderful teaching

    @ciccio0448@ciccio04484 ай бұрын

  • Very nice, thanks:)

    @re-ct7ke@re-ct7ke3 ай бұрын

  • Muy buen video!

    @pabloenriqueponcecardenas6544@pabloenriqueponcecardenas65443 ай бұрын

  • so love this video ❤

    @nganha3456@nganha34564 ай бұрын

  • Beautyful !!!

    @aristotelestesla@aristotelestesla2 ай бұрын

  • has anyone built an excel template for this?

    @VishalAnam@VishalAnam24 күн бұрын

  • ❤❤❤ your the best.

    @maeyrhonamissabea7772@maeyrhonamissabea77723 ай бұрын

  • Thanks for sharing a great technique! For me this one looks much like a "Wheel of Life (Balance)" technique with custom-selected contexts, but ON STEROIDS. For those who find this one problematic to implement (at all or consistently), opt out for that one instead.

    @marksto6581@marksto65814 ай бұрын

  • Thank you German Mr. White!

    @MoLtenMetaL7@MoLtenMetaL74 ай бұрын

  • This was a great video❤️

    @saqibmango@saqibmango3 ай бұрын

  • Great 👍

    @user-pu4qp6ce9i@user-pu4qp6ce9i2 ай бұрын

  • 🎯 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 journey.

    @R080770@R0807704 ай бұрын

    • HARPA AI

      @austinjoseph2881@austinjoseph28814 ай бұрын

    • Stay blessed

      @chiquita683@chiquita6834 ай бұрын

  • This video is a must for people with ADHD like myself

    @najoo7osam@najoo7osam4 ай бұрын

  • Wow, pretty strategic video haan :)

    @hemangshrimali6308@hemangshrimali630827 күн бұрын

  • The hardest part is the strategizing to get where you want be.

    @dafeels3085@dafeels30854 ай бұрын
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