How Will You Measure Your Life? PDF
Preview How Will You Measure Your Life?
HOW WILL YOU MEASURE YOUR LIFE? CLAYTON M. CHRISTENSEN JAMES ALLWORTH KAREN DILLON How Will You Measure Your Life? Clayton M. CI stensen, James Albvorth, and Karen Dillon ospesCollinePbberz vbonpeline ie Contents Cover ‘Lille Page Dedication Prologue 1 Just Because You Have Feathers .. Section | Finding Happiness in Your Carecr 2 What Makes Us Tick 3 The Balance of Calculation and Serendspaty 4 Vour Stategy Ts Not What You Say Tt Ts Section {f Finding Happiness in Your Retatianships 4 The Ticking Clack 6 What Job Did You Hire That Milkshake For? 7 Sailing Your Kids on Theseus’s Ship & The Scloots of Experience 9 The Tnvisible Hand Inside Your Family Section 1 Staying Out of Janl 14 Inst This Once Epilogne Acluowledgments About the Authors Also by Clayton M_ Christensen Credits Cops sient About the Publisher Os us esr dy of the vouse duet I tee a Thavind Business Scbeal I Ispivally stort by telling my studanty shat [ obsaved mony my own busines sehoel lusamates after we grudubled. Just Tike every ther school, our reunions every (ive yeame provided a saies of Lienating suapsliots, The sshoul is supa al luring bik ie anu for these events, which are key lind-raizers: the red oorpet gets rolled cut with un uy of ie! profile spealters and svants. My ovwn fifth-yser ¢ennion was do exception aud ws heel a big turnout. Tsoking around, everyone seemed go polished and prosperous we souldn’t helm but fos that so rally avor9 part of comnoth ing apssia We clearly had witch fo eolebrane. My elacamates fey bd spouset much helter-looking than they were. Their Hives seemed ey ho ed to he doing extremsty well, (jobs, sowe very workiny in Cv Jocatiom, amd anes Il sage te ananny lestined to be Camlstio But by our teu reion, things thot we had moor wopeoled beeumy inervaeinaly samman, A imumher oF nv slawanatsa whom Uae heen Inoking Risa to socine dit gon Tek, sud Ltd no fea lay. Gradually. by salling dhe er pking oiler Lika. J pul Doe pieoes logether. Among my clasmates were exevutives al renowned consulting and Gna fine fiks Bokinsey & Ce. ancl Goldman Sacks; ethors wore ou thsir way te tep spats in TFerlune SN) compunisy; some were alreucly suwversCil enfrenmeneure, and 2 Jew anging amenuts of money Despi ty mdeappy ach prafstsional acoimnplishmenns, hoorsver, atange of them Behind the acude of roteasions sus sing for living. "There eer also, 1 ‘ anhappy aarti | onczalna ony cliente whe kink allel lo his cana in yen, who ws mow ving oa De ‘porte scar fram thom. Anosar season lor tite marriage siucorwe'd granted. ss, there were many wha didnot enjay wha the fae atari of aie known, bul some of the My clusamates were nel only so mnsel deveat people, (oo. AL anaduntion they hind plan md sivivas for whet they would sscsemplish, nol just in thei soreers, bul in Ihsir penvonal Fives as well, Vet xomelhing had reruig for some of them alow the way: their porsanal rclionships had hewn 15 ofthe brightest people U steleriorale, even as heir profesional prospects blossomed, L sensed thal they Gell embarrassed to explain to tale frauds tho esunret. in the trajectories of their personal and profesional lives [At the time, Tvgumned il as bli: a ind of midlife ssi. Tl al our vent thing-yoar roanians, the probleme were ssa, One of ste elastmanse—leffray Skiling-—tasd Tome in i Fr is ve in the Exaon veo Ie Jeffisy Stilling.|kuow of Fo ou Yoars at HHS wens a gona min, Ho was smart, he worked hand, he loved bis Kanily, He load boutons of the sonnet putas in MeKinwey oct histery avd lator went on to sar more than ST million in a single yoar an Kuron's poate IM was nob ay suvesslil: bie Hist meriage onde it siivorse. [ sertuily did't resopnive the Gnonce shurk depicted in the media ns he hecur= incavavingly praia, Aud yol when hie satire saver umsiecled wil Iie vomviction om alliple Federal Celons charter relating & Tnnun’s Financial sella, i nol only shosked that hs had gow asreng, but loxe spsctacularly hs had done 40. Something hal elsary sont him off ia the wroag direction, CKO, Bul siaulimnsously. i Peso dissatisfiction, fomily Gailurss, professional struggles, oven criminal Tehavior-—these problems weren't Tiled Lt my elusemates al TTBS. T sate the some thing Ippon to any linemen the yoy afer we Coumpletad our stuns a8 Rhodes Sebo al Ovid Cniversity. Ta by given that opportunity, my classmates hud to have demonstra ssxtianndinary soademie sm rienlar sett sports, polities, or siting, and significant contehuliens lo their sommumities. These 3 twollrmndsd, accomplished poop who clerTy had meh no affarthe wor Bub ay te yeas went by. come of my lkiety-brw Rude clasts ako experiensed imilor disoppeiniments, Gne played prominent role in w major insider tad recounted in the book Dow af 4nes, Ancthor ese up in jail bocatae of a sexta relationship with a teenager wha had worked on hie politcal sarypuign. Te wae manried with three shin at the tims, On2 ahs 1 thought wae for groatncas in his profetsional and tamil shots tae strnggled ia both ineluding moss than ons divorce, ‘aida ae Tinow for surs tat mune of those poeple wraduatoa wilh 4 Ucliburats sleatsuy to go slivorsed a Towe touch with thei ehildren—much let end up in jl, Vet thie ie the ea suanagy that too many eas up implententing [dew samt te mislead won, Abmuvide these dixappoinuaemts, Ubsre axe auemy of ay ‘who have led exemplary personal lives; they have truly been nn inepinuion i me But ony lives ne not over aid thy lives of one ceva ane just nosy unten whol caus she hae Unsdastindi the problemas that rapped some of my classmates iv important net jus for tho coms off ths path that thay hex! planned to foley but fr thioas evhoss liv ars still fn the right path) us well a4 those whose joumeys are just beginning. We all are vulnerable 19 the torose and dosisions that have dora too: many Tam among thoce sto fave hoan formats so far in many ways ane to my weoudsrtal wilt. Chest, who bi helped sae in tay Lalas vill runazhable pression, TL would bs Tally Far me to wrile Unis book, however, 10 proslaim thal everyone iho replicates t dlecisiems we Ie msde willbe laypy aad steccssful to, kate, it itn tis huol, Cha Fallewed the appvach th hog charaolerized my mangement research have engaged my shidonfs in the quest. as wall In ory MIS coum, Huilding, me Suvecrelul Laterprinw vo nbady thovaivr ceyanliny The various dinvzoions of De atements of whal weseze hing: lo happen and thearice, wo put them * ‘seaming a cave about sampang, We disawss whar sich of tho thoorise aw tall we ahs hry find how the prubhans wel opponaitice eueryed in le sompons, We die wie Use Thoories to edit what prohlon: and opportunitiss sts likely to nazar i rho fakars for that es pat, ate vos ube the series to predic at ions de xem ay will vedo aby to adds ta, [By doing tin, the student Lev tat nobus! tcony i let espinal wt will yeour auroie the hierarchy of husiness: in industry: in the corporations within those iindnetres: in he husiness anits within those earporatinns: and in tho ans thar ars wen the busines units lst day of my slays aller Tye summarized whut ¥9 equals Ippon in tbe ives of ou graduates, we have abu te discussiom 3 stop luuter: larwhing. to the movt fundamental element of orgonivations: individuals, Tor this dissuseion tothe than 8. station, wo uns ones fmsinsssos a tha eae T pastisiparsin iss discussions wim mane history han mr smdonr do, tnt alloee the we niles, We ane there fo explore not wba we Aaj sll hare ba wD rls schot te thes wil 9p ull of different decivions and selisms. Hesauve Teen proven it lieve uivcussiome wver waumy yews, T've Fevaned mone ubuut Urcee vies tha, sane one group of my sludents ever haw. 1a even the seore wilh them, however. Uhave shared striae abot haw Mase theorise have played ur. inany Ti lus, a6 a ‘Lo belp stntare this divwnsion, J waite the thootiee se hove studied alum The challbourd. Then T rile three simple quzslions beside thove these: lbs top of Bene cam 90530 Dust he ot fifi ak Happy a ‘hese questions might sound simple. be thay are qucstinns that se many of my STassuiates no orashed, or td asked but Jost rock of wat Bey lesen, “Your lley yer [have boon onaed a row lhe theuriee of the vounss iit ievice ja four poruonal lisse as they doin the sompunise we've slusied, Jn this book, 1 will ry to summarize come af de heer af the insighns my saweats etd [avs discnsssd on that Last day in 1 re same oF 210, Fea aed 4 acants in wy own lass ba the cies spwlvuting student body. But at's wot Ge only 5 sr ile flere tht slay: Standing atthe peatiura ith ill hair asthe result of chemotherapy. 1 explained thal | Inud Deen Uinguoved sith Lolliilie Iywyphomn. a eater simile to dat oekicls ual billed xy futher. 1 expresteu my gratitude that L could use this Lime with Uhem ly summarize whal my sacle rid Thad loarnad from foensing diese thaorise on oursshess, | spoke about the things in our Fives that sre rise imporlant—not just whem you are confronting a lifethrestening iif. ae Hwa, at every day. Rr ovory ne of us, Shating my thawghte that dag with the for jt th suchas abuattomale Uniross sayin die werld wis a rauhable espcrieme, James Allworth, who wats in ony clogs Chul semzsler and in the wudienee thol las, anst 1 Dillan, svho hed aso, wy avast in hee position a aditoe of tho Hareand sate sora boll vatratcly moved by Ure tpie, 1 later asked Ure Wo Iedp aay con ey boa hroader andicas tho fooling, psaple hae that day in Hurdan Hall on the Harvard Basins Sebiool aus sou fi 2 fabio and rancanh ly halt faith. far into my third professional ar aes into a carver us am edits $ the mat of bs daughter, 6 U9 ut de te of us ae uni in the goul ef ping you understand thy Bteores we dee in thic hook hecuse we belizve they cum shumpen the uouitysvlh which you cun examine and improve your ifs. Wats vernen in ths Fist pornon, my voies. hesamse i's how [tall t9 ay sudents and my cwsn children about thie thinking, Bul Tames und Karen have try been ‘smthare in ood T dan'e promise this aol will offSr you any sary atemsre: working Avough ahece svestions sequites nas! werk, Ithae tnheat we decides, BW it hae wae been tse of the moel worlhwile endescons of my fle 1 hope the theories inthis baok can help you a you suntin ‘on yeni jonracy. ao that fn the ond. you ean definitively auawer for yours he question “Hoe will you measure your Be! dust Because You Have Feathers ... von fife nate yous es ‘estion ap any ookseors ‘The Difference Between What to ‘Lhink and How to Think 1 tite challenges, Ths qmest to find happiness ave menaing in Te is gol ne. Tine tar been pumslering dhe revwen for our caiveace fr Unveils af yours, ‘What iy new, hun in hows some mesern thinkers wddress the prublam. A bevy of sallsd ospoits simply offer the answers. Ire nat a muaprine that hone anawars aro very spoiling lo some, Lhisy tue band pucbhaus ones Quat people sim go Cowal nt eutiv Ile without svar razalving—andl fora quik te. ‘Thal is wot what | intend with this hook. There are no quick Fier Gr the Cmeoments pooblens of BI, But Lom offer yous Wooly tal TIL gall shuores in Une book, shel will help you make goed ehoiges. appropriate lo the eirsumalanses af your life Hoard ahnutahs poorer of this approach in 107 hefore | published my fier ek, fs Ieovoior’y Dedeana L gota ell Kom Andy Gaur, thon Ue atsinaym of late, Ue bad heard ff one of my early academic pupers about disuptive innovation, und asked te t some Lo Samu Clans to esha ay scseanel nd lL ssn is top ton wel i ugplied Low Kal, A oung professor, Teciledly Men lo Sificen Valley andl showed up at thy appsinted time, oly fev havs Analy say, “Isak, suc has happonsd. We have only ten winatss Far ya. "Tol me shat sour research means Jor Tle, so wy oom get on with Things. Trcepombet, “Andy. Toul, bene Haver very lie ant Tate, Th ealy tig Tam ds iets explain dhe theory fst thon wo aa Toa: atthe company theewgh the leas dha ie theury ollery.” T thea showed ki # diagnan of my Uhcury of dbsruption, T exphsined that sfsruplion happens slien a eompeitarontara « marksl with «lese-prived product or service thal established incuatry pla aid its Unsiness wodel to voalinvally naprove ih olfeiany until i ix good exeugh to satis wha ssnstomers ncod, Ton minntes ints ary explanatinn, Andy intsrmaprsd impaticnrly: “Leak, |e yl your mrdel, Just ell ws vl tascam Tor Intl at 94 inferine. Hut the news nmptitor uso vid “aul, [ni cam. Teed to desriby how thir process world it soy through a very dllferent industry, 49 you ean visualize how it works.” Luold the alery al the sleel-mill indntry. in whieh Sear ad other stesl minimis dlsmpnsd tho integrated stzet-nvil glans, ‘The mini-milly began by: auicking al the foweet end of the mar shar and thon aap by sop moved mp toward the high eu, tom living al one of the uation stl ally alo Vabawp \—sleelreintoreing bar. a fs seet steal ovonmally ‘When [niche the mini-mill sory, Andy suid. °T get iL. What i meone fer Intel ie andl than want on 10 arfiaulate what wend become the company’s statsey for Dolton of Ube msn to loutel the loser-priead Celaoa prove ping ta the Pee thy a slow ht caskige w milion Giuey save, ITunes to tell Andy Gore what he should think shout the microprocessor husiness. he would have evinverated my mgungent, Ty's lrgette gore that T will wer knw bw rs busines, But inslend of telling him ora! Lo Unik. Tuuughl him Jw to think, Tle then reushed a hol lainiow aso shart do his ome Don’t Have an Opinion, the Zheor Has an Opinion hat ing with Andy’ chan ged fhe way Fanewver splations, Wem penple ass me something, now razeky ms wer diet, ten, Tr Uke queen Mhnousd Unvory iu way own mid, 19 T news what the Unsory aye i fkely be he thy raaull of ome cours ut astion, sompared to ‘mmotber, FIL thew esplsia howe it plce Gs thsi setton, To be sure Ukey vnersiad t, TIL letnom hows thy pracets in the modol worked its wa through st incur er slusion Sli¥rem, fiom their oor, to help them wisnaize hows it works. Pogo, yp Soo, T cinestion with mone invight Unit T woul possibly a. ste i They I then, ser | good thaery doesn’t changs its mind: it dacsa't apply uly t9 some companies oF reople, and nal lo others. Iisa general sitement of whal causes what, and why. To illustrate, shout a yaae star macting with Audy Grnve. | rsosived a aall fom williat Cohen, rhea seuvtiny of eeu in the Cintun administration, Le told ae le" eed ihe deeder vo. “Cala you sanks a Washinggan an tal ts me and my staff hon yor search? ‘akod. "Lo ms, this wis + onevein-a-lietime eppentunity ny Cole land sil “ny oof" sougelow Thal eaived yesen Few tenamns orotare"s sonferonce room tho Joint Chiat ‘of Seat¥ wore in fhe front sow, Flawed hy the sesrotaries ot che Army Navy. and Ale He
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