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?

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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[lmnneath]

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!

[afshanbaig]

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.

[tscafrica]

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.

[captaingenyus]

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!

[jimgrant]

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.

[jffnvrb]

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

[watpaulsaid]

lately i've been feeling lost for direction and loaded with things to do but don't know where to start and what to prioritize, this video has been really helpful in terms of dealing with those confusion. i have to say that this is amongst the rare helpful videos in youtube! i hope to watch more of videos like this. thank you very much for uploading this!

[bcbitchkkv]

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

[margaretapersson]

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.

[jonr]

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

[danielcaccavelli]

After 32 years, somebody made me realize that I am happy and satisfied. I sleep 8 hours a day, eat and poop, meeting my physiological needs. All the other things are of lesser importance.

[shankarganeshk]

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!

[alekseybenitez]

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!

[waqaryousfi]

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

[thanhvanle]

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 :>

[vietchinhquach]

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

[minhangthituyet]

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.

[rdmrxjw]

Only a great mind and incredible human could put such a difficult topic into so short of the video and deliver so much enlightenment in just 10 minutes 😮😍 unbelievable!

[Businessvidsofficial]

Fantastic insight on defining what constitutes a meaningful life, outlining personal purpose and vision, and assessing where we invest our time and energy.

[SmrtSocial]

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