Use Strategic Thinking to Create the Life You Want

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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Пікірлер: 238

  • @afshanbaig2461
    @afshanbaig24613 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.

  • @lmnneath
    @lmnneath3 ай бұрын

    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!

  • @Businessvidsofficial

    @Businessvidsofficial

    3 ай бұрын

    @monineathlay3673 couldn't agree more 💯

  • @fatimoholorunseyisalaudeen1890

    @fatimoholorunseyisalaudeen1890

    3 ай бұрын

    L,

  • @sneakerbabeful

    @sneakerbabeful

    3 ай бұрын

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

  • @Wassertivo

    @Wassertivo

    2 ай бұрын

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

  • @Wassertivo

    @Wassertivo

    2 ай бұрын

    Tho I love the video

  • @margaretapersson7022
    @margaretapersson70223 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.

  • @aliyachirapant1963

    @aliyachirapant1963

    Ай бұрын

    I could not agree more on this

  • @tscafrica
    @tscafrica3 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.

  • @jimgrant1776
    @jimgrant17763 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.

  • @captaingenyus843
    @captaingenyus8433 ай 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!

  • @saschapauss2826
    @saschapauss28268 күн бұрын

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

  • @alekseybenitez7453
    @alekseybenitez74533 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!

  • @chumaudogu

    @chumaudogu

    3 ай бұрын

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

  • @sneakerbabeful

    @sneakerbabeful

    3 ай бұрын

    You sound like a damn tool.

  • @hemangshrimali6308

    @hemangshrimali6308

    13 күн бұрын

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

  • @user-jf5fn4vr9b
    @user-jf5fn4vr9b3 ай бұрын

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

  • @aronfuji5674
    @aronfuji5674Ай 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

  • @bcbitchkkv
    @bcbitchkkv2 ай бұрын

    2:35 THE 7 STEPS OF THE STRATEGY 4:00 PERMAV FRAMEWORK 5:30 THE 16 "STRATEGIC LIFE UNITS" 6:00 THE 3 STEPS BEFORE PLOTTING THE "LIFE MATRIX" 6:30 LIFE PORTFOLIO MATRIX

  • @eisabainyo
    @eisabainyo3 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.

  • @StoicGore
    @StoicGore3 ай бұрын

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

  • @KarlaKolumna123
    @KarlaKolumna1233 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 🤩

  • @VS-kn9rc

    @VS-kn9rc

    3 ай бұрын

    Can you please share the excel file in public interest?

  • @iFrozenSkull

    @iFrozenSkull

    3 ай бұрын

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

  • @carlosr4687

    @carlosr4687

    3 ай бұрын

    X2

  • @pb25789

    @pb25789

    3 ай бұрын

    Would love your email so we can talk about your excel

  • @ecoleduconsultant5740

    @ecoleduconsultant5740

    3 ай бұрын

    Please, could you share it?

  • @shankarganeshk3367
    @shankarganeshk33673 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!

  • @pctinyou
    @pctinyou3 ай бұрын

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

  • @thanhvanle3024
    @thanhvanle30243 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 :>

  • @jonr6680
    @jonr66803 ай бұрын

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

  • @Businessvidsofficial
    @Businessvidsofficial3 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.

  • @minhangthituyet1729
    @minhangthituyet17292 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.

  • @monikakress3867
    @monikakress38673 ай бұрын

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

  • @Scorpio-gb8ss
    @Scorpio-gb8ss3 ай бұрын

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

  • @waqaryousfi6504
    @waqaryousfi65042 ай бұрын

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

  • @FithriyaaniRashidi
    @FithriyaaniRashidi3 ай 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 🎉

  • @roroll4492
    @roroll449224 күн бұрын

    Very helpful and inspiring. Thanks for this idea!

  • @aswand1989
    @aswand1989Ай бұрын

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

  • @PAPIDAKI
    @PAPIDAKI3 ай бұрын

    Thank you professor.Great video !

  • @vladimirberlizev216
    @vladimirberlizev2163 ай 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! :)

  • @sneakerbabeful

    @sneakerbabeful

    3 ай бұрын

    A lot of people do not care about winning.

  • @awdheshkumarshukla
    @awdheshkumarshukla3 ай бұрын

    One of the Best video for applying Corporate Strategies to Life

  • @zubairahmedsiddiqui5057
    @zubairahmedsiddiqui50572 ай бұрын

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

  • @wghost1
    @wghost13 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

  • @petersuvara
    @petersuvara3 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

  • @SmrtSocial
    @SmrtSocial3 ай бұрын

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

  • @vietchinhquach2740
    @vietchinhquach27403 ай бұрын

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

  • @mykk_views9007
    @mykk_views900716 күн бұрын

    nice one, thanks.

  • @user-bw4tu1qm2m
    @user-bw4tu1qm2m3 ай бұрын

    So powerful and simple! Thank you for sharing.

  • @lpatrick2173
    @lpatrick21733 ай бұрын

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

  • @PabloZarbo
    @PabloZarbo2 ай бұрын

    🎯 Key Takeaways for quick navigation: 00:00 💡 *Estrategia personal es clave.* 01:51 🤔 *Evaluar el propósito de vida.* 03:17 🌟 *Modelo PERMA-V en vida.* 04:41 📈 *Unidades Estratégicas de Vida.* 05:37 ⏳ *Evaluar importancia y satisfacción.* 06:35 📊 *Crear un portfolio de vida.* 08:05 🔄 *Ajustar y mejorar constantemente.* 09:33 🛳️ *Tener una dirección clara.* Made with HARPA AI

  • @mojalogy
    @mojalogy3 ай бұрын

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

  • @R080770
    @R0807703 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.

  • @austinjoseph2881

    @austinjoseph2881

    3 ай бұрын

    HARPA AI

  • @chiquita683

    @chiquita683

    3 ай бұрын

    Stay blessed

  • @Celestialkarma
    @Celestialkarma2 ай бұрын

    Really enjoyed Appreciate for sharing God bless

  • @user-ko6xo1jz2v
    @user-ko6xo1jz2v3 ай бұрын

    Excellent. Thank you very much!

  • @clarawu2348
    @clarawu2348Ай бұрын

    “If you don't know which port you're sailing to, no wind is favorable."

  • @popcycleism
    @popcycleism3 ай бұрын

    This was very well presented and engaging

  • @dafeels3085
    @dafeels30853 ай бұрын

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

  • @wadecason227
    @wadecason2273 ай бұрын

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

  • @maianh-digitallearningdesi1046
    @maianh-digitallearningdesi10463 ай бұрын

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

  • @mossbanksy
    @mossbanksy2 ай бұрын

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

  • @joachimguth6226
    @joachimguth62263 ай бұрын

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

  • @chrisdshaw
    @chrisdshaw3 ай бұрын

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

  • @islamamanov7136
    @islamamanov71363 ай бұрын

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

  • @bobverber8969
    @bobverber8969Ай бұрын

    excellent approach

  • @josiahmarr6059
    @josiahmarr60593 ай бұрын

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

  • @donaamelia1915
    @donaamelia19153 ай бұрын

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

  • @cuba_rj
    @cuba_rjАй бұрын

    This is a very interesting approach on personal life management.

  • @johnpepperdine3348
    @johnpepperdine33483 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!

  • @marcocapozzi7321
    @marcocapozzi73213 ай бұрын

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

  • @asdad9715
    @asdad97153 ай бұрын

    thanks for making this video HBR team!

  • @sibanganidube2482
    @sibanganidube24822 ай бұрын

    Absolutely brilliant

  • @user-me6mb5nn3u
    @user-me6mb5nn3u3 ай бұрын

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

  • @lucianobandiera1726
    @lucianobandiera17263 ай бұрын

    Such a great video, thank you Professor !

  • @dancu9271
    @dancu92713 ай бұрын

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

  • @abhinavsingh-je7zu
    @abhinavsingh-je7zu2 ай бұрын

    nicely explain

  • @gustavorubio5112
    @gustavorubio5112Ай бұрын

    Thank you, very useful!

  • @KGPAPPIE
    @KGPAPPIE3 ай бұрын

    Love this. So simply explained

  • @kamblegaurav
    @kamblegaurav3 ай бұрын

    Very informative! Thank you for sharing.

  • @MoLtenMetaL7
    @MoLtenMetaL73 ай бұрын

    Thank you German Mr. White!

  • @lgnd-lm6ug
    @lgnd-lm6ug3 ай бұрын

    Great video, the guy reminded of Christoph Waltz

  • @alexcody2079
    @alexcody20793 ай бұрын

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

  • @Gabriel-ch2sv
    @Gabriel-ch2sv3 ай бұрын

    Thank you professor!

  • @marksto6581
    @marksto65813 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.

  • @SalawuIbrahim
    @SalawuIbrahim3 ай бұрын

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

  • @01BSBH
    @01BSBH22 күн бұрын

    I think the way you defined a life strategy would do well if applied to corporate strategy. To ‘win’ in corporate is something I disagree with, even more so after reading The Infinite Game by Simon Sinek. I’d rather have a great company than one trying to win at all costs.

  • @lifeonearth9261
    @lifeonearth92613 ай бұрын

    It was interesting to see the Boston Consulting Group overlap in thinking with 'Star Principle' by Richard Koch. (Which makes sense, considering Koch worked at Boston Consulting Group.)

  • @user-fb1px1vv5w
    @user-fb1px1vv5w3 ай бұрын

    Great video! Thanks for sharing

  • @danielvianna1596
    @danielvianna15963 ай бұрын

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

  • @astarinip5470
    @astarinip54703 ай бұрын

    Thanks for this Sir!

  • @cloudnsec
    @cloudnsec2 ай бұрын

    What an amazing video!

  • @ajayramanaidu1
    @ajayramanaidu13 ай 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

  • @najoo7osam
    @najoo7osam3 ай бұрын

    This video is a must for people with ADHD like myself

  • @mohank3624
    @mohank36243 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 Crafted by Merlin AI.

  • @marzenababij5148
    @marzenababij5148Ай бұрын

    Thanks!😊

  • @tspmcfarlane
    @tspmcfarlane3 ай бұрын

    Really, really useful.

  • @hoangkimkhanhle5126
    @hoangkimkhanhle51263 ай бұрын

    This video is wonderful

  • @yohanesliong4818
    @yohanesliong48183 ай бұрын

    Amazing. Thank you

  • @christothomas7095
    @christothomas70953 ай бұрын

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

  • @unathindhlovu3280
    @unathindhlovu32803 ай бұрын

    Thank you❤️

  • @richardsolaro461
    @richardsolaro461Ай бұрын

    Thanks ! A template of this matrix would be very appreciated.

  • @thunguyenngoc1775
    @thunguyenngoc1775Ай бұрын

    Love it 🎉

  • @seekian8979
    @seekian8979Ай бұрын

    Love this content. Love from Philippines 🇵🇭🏳️‍🌈

  • @mpactlane504
    @mpactlane5043 ай бұрын

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

  • @aristotelestesla
    @aristotelestesla2 ай бұрын

    Beautyful !!!

  • @maeyrhonamissabea7772
    @maeyrhonamissabea77723 ай бұрын

    ❤❤❤ your the best.

  • @NikkoTanGoogle
    @NikkoTanGoogle3 ай бұрын

    eye rolling this whole video

  • @GroundWork-se8my

    @GroundWork-se8my

    Күн бұрын

    Why?

  • @user-pu4qp6ce9i
    @user-pu4qp6ce9iАй бұрын

    Great 👍

  • @ciccio0448
    @ciccio04483 ай бұрын

    Wonderful teaching

  • @saqibmango
    @saqibmango3 ай бұрын

    This was a great video❤️

  • @KENEGGERS-es7ks
    @KENEGGERS-es7ks3 ай бұрын

    This is great. I love to use data to drive outsomes. I need a spreadsheet anyone have one to share?

  • @Tita_jackie
    @Tita_jackie3 ай бұрын

    Wow! Perfect timing!

  • @hemangshrimali6308
    @hemangshrimali630813 күн бұрын

    Wow, pretty strategic video haan :)