Showing posts with label metrics. Show all posts
Showing posts with label metrics. Show all posts

Thursday, May 26, 2022

balanced scorecard




Developing a compelling vision is a key activity of developing and setting strategy. A vision is a clear and powerful statement about what a company can and should be (Wilson, 1992). The balanced scorecard provided the framework to translate the vision from a statement or series of statements to metrics that operationalized the overarching vision and strategic objectives for the company (Kaplan & Norton, 2007). 


Jody Hilderman

Hilderman, J. (2022). Strategy Execution Using the Balanced Scorecard (thesis). Levene Graduate School of Business, University of Regina (Canada)

Wednesday, August 12, 2020

retrain yourself to chase happiness

 


“Unhappy is he who depends on success to be happy,” wrote Alex Dias Ribeiro, a former Formula 1 race-car driver. “For such a person, the end of a successful career is the end of the line. His destiny is to die of bitterness or to search for more success in other careers and to go on living from success to success until he falls dead. In this case, there will not be life after success.”

American culture valorizes overwork, which makes it easy to slip into a mindset that can breed success addiction. But if you’ve seen yourself in my description, don’t lose hope. There is plenty you can do to retrain yourself to chase happiness instead of success, no matter where you are in your life’s journey. Let me suggest that you consider three steps, whether you are at the peak of your career, trying to work your way up the ladder, or looking at success in the rearview mirror.

The first step is an admission that as successful as you are, were, or hope to be in your life and work, you are not going to find true happiness on the hedonic treadmill of your professional life. You’ll find it in things that are deeply ordinary: enjoying a walk or a conversation with a loved one, instead of working that extra hour, for example. This is extremely difficult for many people. It feels almost like an admission of defeat for those who have spent their lives worshipping hard work and striving to outperform others. Social comparison is a big part of how people measure worldly success, but the research is clear that it strips us of life satisfaction.

...Find the right metrics of success. In business, people often say, “You are what you measure.” If you measure yourself only by the worldly rewards of money, power, and prestige, you’ll spend your life running on the hedonic treadmill and comparing yourself to others. I suggested better metrics in the inaugural “How to Build a Life” column, among them faith, family, and friendship. I also included work—but not work for the sake of outward achievement. Rather, it should be work that serves others and gives you a sense of personal meaning.