Harvard Business School Professor Asks “How Will You Measure Your Life?”
How Will You Measure Your Life? by Clayton M. Christensen, James Allworth, and Karen Dillon; Harper Business.
Clayton Christensen is the Kim B. Clark Professor of Business Administration at the Harvard Business School, where he teaches one of the most popular elective classes for second year students, Building and Sustaining a Successful Enterprise. He is regarded as one of the world’s top experts on innovation and growth and his ideas have been widely used in industries and organizations throughout the world. A 2011 cover story in Forbes magazine noted that ‘’Everyday business leaders call him or make the pilgrimage to his office in Boston, Mass. to get advice or thank him for his ideas.’’ In 2011 in a poll of thousands of executives, consultants and business school professors, Christensen was named as the most influential business thinker in the world. — from Clay Christensen’s Official Website
The Big Idea
As an individual approaches critical life decisions, one can benefit much from the thoughtful management theories smart leaders apply in their companies.
The book is organized into parts with a particular focus on core questions:
How can I be sure that?
- I will be successful and happy in my career?
- My relationships with my spouse, my children, and extended family, and close friends become an enduring source of happiness?
- I live a life of integrity – and stay out of jail?
In the spring of 2010, Clayton Christensen, professor at Harvard Business School, who is widely recognized as the leading expert in ‘disruptive innovation,’ shared a very different message to the entire graduating class of Harvard Business School (HBS). Standing with little hair due to heavy chemotherapy he says that he has been diagnosed with a life-threatening cancer. The message is he shared wasn’t the latest innovation theory or concept he’d developed, but the most important things he learned in his life. The essence of the message being – how to live a holistic life where one can find fulfillment and meaning in both career and relationships. Sounds easy, but seems to be an insurmountable feat that has derailed many driven people.
Christensen, a HBS alumnus himself, shares his observation at the infamous reunions. On the first 5th reunion, things looked nothing but fabulous. Senior positions at top-notch positions, exotic work locations, gorgeous spouses and marriages. All of them seemed very promising. Yet, on his 10th reunion, he noticed a stark decline of participation from his classmates. What was going on? With several calls, he soon discovers the unfortunate plight of many of his classmates. Personal dissatisfaction, failed marriages, criminal charges….Christensen asks, “What was going on? How have these ambitious, decent people who graduated from the cream of the crop institution end up in such misery?”
Christensen share key management theories that can be equally applied on how we approach our life decisions.
- Incentive Theory vs. Motivation Theory
- Balance of Deliberate and Emergent Planning
- Processes and Priorities are more valuable than Resources
- Weigh Short Term vs. Long term Payouts
- Define Good and Bad Capital
- Beware of the Traps of Marginal Thinking
- Figure Out What Consumers Want
- Never Outsource the Future
- Commit 100% instead of 98%
At the TEDx Boston conference, Christensen spoke about his book How Will You Measure Your Life?. “Our careers provide the most very tangible, immediate achievement,” he said. “In contrast, investments in our families don’t pay off for a very long time.” The full 19:31 minute video is here. Enjoy!