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How will I measure my life?  This week's reading posed and interesting question which to be honest, I have never considered before.  We are constantly told to live your lives, enjoy our lives, find purpose in our lives - but measuring our lives?  This notion seemed to imply transforming the utmost unquantifiable thing into a set of numbers of units for measure.  I wasn't sure how I felt about that.

Christensen (2010) states that “companies’ decision-making systems are designed to steer investments to initiatives that offer the most tangible and immediate returns”, an aspect that my teammates and I have seen a lot of during our time competing in the MikesBikes challenge.  The teams that have suffered most in our industry are those that have prioritised quick returns over long term strategy – being a hare instead of a tortoise.  This is generally to maximise profit or earning as quickly as possible, though Christensen mentions that finding a purpose to your life and looking outside the field of money is more rewarding than prioritising earnings over family.  How does this apply to MikesBikes?  To be frank, it doesn’t really, as in our simulation the only thing that matters IS money, raising that shareholder value and decreasing debt.  We don’t have simulated families with simulated needs that we must consider when plugging in our rollover figures each week.

Though in regards to ‘real life’ Christensen’s (2010) statement is of utmost importance.  Too many executives become addicted to work, sacrificing families to earn big dollars which they have to time to spend and no one to spend it on.  This is allure of money: once we start earning, all we want is more, and suddenly more is a never-ending benchmark.  In my own life I am always astounded to notice how rapidly I adjust to my pay over the summer holidays which is triple to quadruple times the pay I receive during semester due to the busy season and working extra hours.  I always think ‘I can’t wait until Summer, I will earn so much and be able to save so much money’.  But as soon as my pay check some in, I adjust.  Suddenly I don’t need $60 for food a week, I need $150.  And I suddenly need new clothes and shoes and before you know it I’m saving just as much as I was during semester: nothing at all.

This, I believe, is one of Christensen’s (2010) main messages, that there is more to life than the dollar bills that fill our bank accounts every payday.  While I made mention before of how little this theory applies to our MikesBikes performance, if we take a step back from SHV for a moment and consider the teams behind them we can see where the theory ties in.  Growing as a team, listening to each other, supporting each other, and making fully collaborative decisions do (in some respects) outweigh our overall monetary performance.  In future, while the chances are my MikesBikes abilities will provide little use in my future occupation, the aforementioned skills I have developed will be used in my future career for many years to come.

 

Reference:

Christensen, C. M. (2010). How will you measure your life? Harvard Business Review, 88(7/8), 46-51.

3 Comments

  1. Hi Beth, me again. 

    To start off I like that you talked about how you disagreed with the relevance of readings to MikesBikes, which is something that I haven't seen very much of. People usually simple take the logic of the readings as truth, so I appreciate how you put your own spin on where you felt they were and weren't appropriate/relevant. So in a way, you talked about this application of Christensen's theory as your problem. You were frank with your thoughts on how you were meant to quantify or measure something as qualitative at your life, but finally you came to conclude that you can qualitatively measure something too. 

    Your reflection this week was acceptable, however when comparing it to some of your past insights, I feel you can reach high levels of insight (Blooms Taxonomy) when you want to – so I hope you fill your head with all the provocative questions you can get your hands on for your summative journal. I'm not going to drill you on structure because I feel as you have progressed throughout your journals the same structure becomes both tedious and limiting in exploring ideas and concepts that have no real actionable end goal. Exploring these ideas is an absolutely fine way to go, just make sure to conclude your narrative with either an insight, an idea or just a summative statement, which you kind of did (I'm trying to be harsh here).

    Over all really well done and good luck for your summative.

    Reuben (smile)

    1. Hi Reuben,

      Thanks for the feedback, I appreciate your honesty because you are absolutely right in saying this journal is not as good as the last ones I've done!  In the past I have always done them on Thursday however this week I ran out of time so had to scramble to do it during work on Friday (not ideal), so I appreciate that you told me how it was without overly sugar-coating it (smile).  I also apologise because you give such good feedback that I would have liked yo give you something better to work with, but that's just so it goes sometimes I guess.

      All the best for your summative learning journal too!

       

  2. Hi Beth,

    Nice reading your journal again and seeing your progression in mikes bikes. Like Reuben, I think it was really effective how you challenged the reading's relavency to the simulation, then relating it to the outside world. Its really good to see that you have learnt a lot from mikes bikes, and have taken away a lot more than just a grade. Don't forget to use Daudelin's framework in your summative journal, I am sure you will as your journal entries are very thorough and well structured. 

    All the best,

     

    Lauren (smile)