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Start for freeTransforming Corporate Strategy into Personal Triumphs with Strategize Your Life
Strategize Your Life is an innovative concept that takes the tried and tested principles of corporate strategy out of the boardroom and into your personal realm. Developed by Rainer Strack, who has an extensive background in business strategy with the Boston Consulting Group and a solid footing in physics, this methodology is about creating an integrated set of choices that guide you towards living a meaningful and fulfilling life.
The 7-Step Program to Personal Strategy
A corporate strategy typically involves seven crucial steps. When these steps are redefined for personal development, they form the backbone of a robust life strategy:
- Defining Success: Determine what a 'great life' means to you personally.
- Identifying Purpose: What is your life's purpose?
- Envisioning the Future: Formulate a clear vision of your desired life.
- Assessing Life Portfolio: Evaluate the various components of your life.
- Learning from Best Practices: Take lessons from successful models and benchmarks.
- Making Strategic Choices: Decide on the life portfolio choices that best align with your goals.
- Ensuring Sustained Change: Develop strategies for consistent and long-term improvement.
Beyond Money, Fame, and Power
Most people equate success with wealth, recognition, and authority. However, these aspects often lead to hedonic adaptation and social comparison, which only offer temporary satisfaction. To truly strategize your life, one must look beyond these conventional metrics.
The PERMA-V Framework
Positive psychology offers a robust framework for assessing well-being, known as PERMA-V:
- P for Positive Emotions
- E for Engagement
- R for Relationships
- M for Meaning
- A for Achievement
- V for Vitality
This model helps individuals focus on aspects that contribute to a genuinely satisfying life.
The Concept of Strategic Life Units
In corporate strategy, businesses invest in units based on market growth and share. For individuals, Strategic Life Units represent areas where one can invest time, money, and energy. These units are categorized into 16 types, which are then grouped into six strategic life areas.
Crafting Your Strategic Life Portfolio
To create your life portfolio:
- Track Time: Allocate your weekly hours to the identified life units.
- Rate Importance: Score each unit based on its significance in your life.
- Assess Satisfaction: Measure your contentment with each life unit.
Using these metrics, plot your life units on a 2-by-2 matrix, with importance on the y-axis and satisfaction on the x-axis. The size of the bubble corresponds to the time invested.
The Path to Optimization
Review your strategic life portfolio to identify areas of high importance but low satisfaction. These need urgent attention. Conversely, minimize time spent on less critical and less satisfying activities, like excessive social media use.
Aligning with Your Great Life Dimensions
A well-aligned portfolio supports your life's purpose and vision, characterized by significant investment in areas that are both important to you and bring high satisfaction.
The Strategy for Your Life
Even in uncertain times, it's crucial to have a direction. As Seneca put it, knowing your destination is essential to catch favorable winds. Strategize Your Life is about being prepared to seize opportunities that align with your strategy.
Luck, Preparation, and Opportunity
Seneca also reminds us that luck is where preparation meets opportunity. By following the seven steps of Strategize Your Life, you lay the groundwork to make the most of life's serendipitous moments.
By adopting this strategic approach to life, you can not only define what a great life means to you but also actively work towards achieving it. The process is about making conscious choices and investing your resources wisely to create a life that resonates with your deepest values and aspirations.
Craft your own strategic life plan by following these insights, and take the first step towards a more purposeful and satisfying life.
For a deeper dive into creating your life strategy, watch the full video here.
