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Money Quotes: How Will You Measure Your Life (assembled by Symbolist)

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A smattering of quotes from the recent Clayton Christensen book "How Will You Measure Your Life?"

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Money Quotes: How Will You Measure Your Life (assembled by Symbolist)

  1. 1. Money Quotes “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  2. 2. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon 2 www.symbolist.com The following pages include some choice quotes from the book “How Will You Measure Your Life.” This book is an extension of a commencement speech that Clayton Christensen gave to the Harvard Business School 2010 spring graduating class. The result is either a self-help book masquerading as a business book or a business book masquerading as a self- help book. Either way it is a wonderful book that looks at life, happiness, meaning, and integrity through Mr. Christensen’s familiar lens of “business” and creates some guidelines (not rules) that can help all of us find a more honest and enjoyable path through life and through work. The book is really three sections: 1. Finding happiness in your career - the true basis of motivation and reward 2. Finding happiness in your relationships - spending time consistent with your priorities 3. Living with integrity - the pitfalls of marginal thinking Using this book as a management tool will pay dividends for many years. I’ve summarized some of quotes that resonated with me in this slide presentation. These are not exhaustive… there are many, many other ideas and points of view that are important. I will be incorporating a lot of what is in this book into my own day-to-day activity – and in how I deal with my family, friends and co-workers. I hope this little sampler gives you a reason to buy the book. It is well worth your time – but only if you do something with it! There is a lot of opinion in this book. Opinion informed by facts, research, data and intelligence. But at the end of the day it is one (actually three) man’s opinion on how to find meaning and happiness in your life. There are many books written that profess to have the “5 Ways to Drive Engagement” or the “3 Simple Rules of Leadership.” This isn’t that kind of book. I do think that as a manager, as an employee as an executive – this book provides a pretty strong outline of the things you can do for your self – and more importantly with your subordinates, partners and colleagues – to drive greater emotional connection to your work – and their work. This book can, I believe, do more for engagement in your company than foosball tables and free beer.
  3. 3. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon 3 www.symbolist.com Herzberg notes the common assumption that job satisfaction is one big continuous spectrum—starting with very happy on one end and reaching all the way down to absolutely miserable on the other—is not actually the way the mind works. Instead, satisfaction and dissatisfaction are separate, independent measures. This means, for example, that it’s possible to love your job and hate it at the same time.
  4. 4. 4 If you instantly improve the hygiene factors of your job, you’re not going to suddenly love it. At best, you just won’t hate it anymore. The opposite of job dissatisfaction isn’t job satisfaction, but rather an absence of job dissatisfaction. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  5. 5. 5 So, what are the things that will truly, deeply satisfy us, the factors that will cause us to love our jobs? These are what Herzberg’s research calls motivators. Motivation factors include challenging work, recognition, responsibility, and personal growth. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  6. 6. 6 Motivation is much less about external prodding or stimulation, and much more about what’s inside of you, and inside of your work. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  7. 7. 7 The point isn’t that money is the root cause of professional unhappiness. It’s not. The problems start occurring when it becomes the priority over all else, when hygiene factors are satisfied but the quest remains only to make more money. Even those engaged in careers that seem to specifically focus on money, like salespeople and traders, are subject to these rules of motivation—it’s just that in these professions, money acts as a highly accurate yardstick of success. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  8. 8. 8 We should always remember that beyond a certain point, hygiene factors such as money, status, compensation, and job security are much more a by-product of being happy with a job rather than the cause of it. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  9. 9. 9 The theory of motivation suggests you need to ask yourself a different set of questions than most of us are used to asking. Is this work meaningful to me? Is this job going to give me a chance to develop? Am I going to learn new things? Will I have an opportunity for recognition and achievement? Am I going to be given responsibility? These are the things that will truly motivate you. Once you get this right, the more measurable aspects of your job will fade in importance. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  10. 10. 10 I used to think that if you cared for other people, you need to study sociology or something like it. But when I compared what I imagined was happening in Diana’s home after the different days in our labs, I concluded, if you want to help other people, be a manager. If done well, management is among the most noble of professions. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  11. 11. 11 …Strategy is not a discrete analytical event—something decided, say, in a meeting of top managers based on the best numbers and analysis available at the time. Rather, it is a continuous, diverse, and unruly process. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  12. 12. 12 Real strategy—in companies and in our lives—is created through hundreds of everyday decisions about where we spend our resources. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  13. 13. 13 In fact, if you study the root causes of business disasters, over and over you’ll find a predisposition toward endeavors that offer immediate gratification over endeavors that result in long-term success. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  14. 14. 14 Professor Amar Bhide showed in his Origin and Evolution of New Business that 93 percent of all companies that ultimately become successful had to abandon their original strategy — because the original plan proved not to be viable. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  15. 15. 15 The only way to have those relationships bear fruit in your life is to invest long before you need them. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  16. 16. 16 Managers can’t be there to watch over every decision as a company gets bigger. That’s why the larger and more complex a company becomes, the more important it is for senior managers to ensure employees make, by themselves, prioritization decisions that are consistent with the strategic direction and the business model of the company. It means that successful senior executives need to spend a lot of time articulating clear, consistent priorities that are broadly understood throughout the organization. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  17. 17. 17 When you boil it down, the factors that determine what a company can and cannot do—its capabilities—fall into one of three buckets: Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com resources, processes, and priorities.
  18. 18. 18 Resources are what he uses to do it, processes are how he does it, and priorities are why he does it. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  19. 19. 19 Self-esteem—the sense that “I’m not afraid to confront this problem and I think I can solve it” — doesn’t come from abundant resources. Rather, self-esteem comes from achieving something important when it’s hard to do. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  20. 20. 20 …it’s common to describe culture as the visible elements of a working environment: casual Fridays, free sodas in the cafeteria, or whether you can bring your dog into the office. But as MIT’s Edgar Schein—one of the world’s leading scholars on organizational culture— explains, those things don’t define a culture. They’re just artifacts of it. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  21. 21. 21 Culture is a way of working together toward common goals that have been followed so frequently and so successfully that people don’t even think about trying to do things another way. If a culture has formed, people will autonomously do what they need to do to be successful. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  22. 22. 22 It’s easier to hold to your principles 100 percent of the time than it is to hold to them 98 percent of the time. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  23. 23. 23 Management doesn’t need to dive into the details of every decision, because the culture — almost as an agent of management — is present in the details of every decision. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  24. 24. 24 I genuinely believe that management is among the most noble of professions if it’s practiced well. No other occupation offers more ways to help others learn and grow, take responsibility and be recognized for achievement, and contribute to the success of a team. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com
  25. 25. 25 Prepared by Symbolist… We make your workplace a better place to be. Money Quotes: “How Will You Measure Your Life?” Clayton M. Christensen, James Allworth, Karen Dillon www.symbolist.com

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