Sunday, November 18, 2012

Running your life like a business

Every New Year’s Day we wake up with exuberant vivacity at the prospect of an exhilarating year ahead. This dawn of the New Year often comes with those resolutions, plans and goals to put into force. It is increasingly becoming more apparent each year that more people have become weary of New Year’s resolutions and plans as a possible aid to conduct. Consequently, very few people actually sit down quietly to craft them. Although this exercise is better than nothing, it is often rendered ineffective as it does not consider the individual's big picture. If your goals and plans do not align with your strategic objectives, then chances of consistently pursuing them will be minimal, let alone enduring amid obstacles.

 Every year, senior executives of many companies spend hours in strategic planning sessions. These intense, high profile, C-suite chaired meetings are usually signature events of a company. It is a sign of status to be present in these meetings, as this is indubitably where the overall company's strategy is hammered out. The chief purpose of these meetings is to re-evaluate the strategic objectives of a company, report on what was achieved, evaluate current projects and how they align to the strategic objectives, identify the gaps and re-evaluate the strategic roadmap. The success or failure of a company can often be traced back to the decisions that ensued from these meetings.

How many people have their own personal strategic planning sessions every year? Do we ever take time to re-evaluate our own strategic objectives, report to ourselves on what we have achieved, evaluate our current plans and how they align to our strategic objectives, identify gaps and institute new plans and re-evaluate our strategic roadmap? The more coherent we become in our lives, the higher chances of succeeding in what we wish to become, else the achievement of our goals is aleatory. Too often incoherence continues to plague many individuals, with dangling and temperamental plans that are incongruent with their big picture. Successful companies invariably have two important elements: Vision and Strategy. Every strategic meeting has to deal with these key organisational elements. This is a reminiscence of one of Steve Jobs’ famous quotes “If today were your last day, would you do what you are about to do?” This question is less about action than about value. In other words, is your plan aligned to your vision and adding value to the execution of your strategy. If this year was your last year, would you be pursuing the plans and goals (if any) that you are currently pursuing? 

Richard Boyatzis in his book "Resonant Leadership" proposes what he dubs, "Intentional change model". This model gives a direction of how to follow through your plans and goals with effectiveness and efficiency.  The model rests upon five key concepts: Ideal self, real self, gaps and plan, experimentation and finally support. The first step is to identify your ideal self, or what can be described as living in your perfect future. This is invariably your vision. Your vision articulates your full self-expression, consequently, it eliminates any temporal states that you may be tempted to want to be. Vision speaks about the end state, the person you aspire to have been at end of your life. 
This first step is the hardest, as it requires true and honest evaluation of desires. 
The second step of the model is to identify your real self. This is really your current state. It goes without saying that, this also requires an honest evaluation of yourself, your present true state. 
Thirdly, identify the gaps between your ideal self and your real self. This involves identifying your strengths, which denotes the similarity between your ideal self and your real self. Furthermore, identify the gaps. Gaps signify the difference between your ideal self and your real self. These differences are important and they bring light to things which you need to focus on in order to perfect them. A creation of a plan to address these gaps is vital. 
The fourth step in the model is experimentation. This means practicing and adjusting your behaviour to align it with your ideal self. Lastly, support. Support means finding a person or a group that can be supportive to your learning and journey.