“The future belongs to those who believe in the beauty of their dreams.”
– Eleanor Roosevelt
IN THIS BLOG POST …
- Many thought leaders believe business concepts and models can help people lead better lives.
- We apply a successful business framework to a person’s personal life – what we call a personal ambition compass (PAC).
Create a PAC to live with greater intention and life fulfillment.
Businesses have long understood the importance of developing a well-defined mission statement to prosper and grow. And about 25 years ago Stephen R. Covey, best-selling author of The 7 Habits of Highly Effective People, put a spin on the idea by suggesting that individuals create a personal mission statement. This concept has proven to be a good tool for high achievers. In fact, many of our most respected and successful leaders have developed personal mission statements, some examples include:
- “To be a teacher. And to be known for inspiring my students to be more than they thought they could be.” – Oprah Winfrey
- “To have fun in [my] journey through life and learn from [my] mistakes.” – Richard Branson
- “To serve as a leader, live a balanced life, and apply ethical principles to make a significant difference.” – Denise Morrison
Applying business concepts and models for personal excellence is not a new concept. Clayton Christensen, Harvard University Business Professor and author of The Innovator’s Dilemma, for example, spends his last day of class each semester teaching this concept to his students. And there are many more thought leaders who believe that applying business concepts and models to a person’s personal life can be beneficial and help them lead better lives.
Business Framework to Personal Excellence
In 2011 an article was published in the Harvard Business Review where the authors, Douglas Ready and Emily Stecker Truelove, suggested businesses develop a collective ambition compass. The authors spent three years analyzing a variety companies and found that great businesses (businesses that even prospered during the financial crisis) had one thing in common – a well-honed collective ambition.
Although the concept of collective ambition was not new, Ready and Truelove were the first to lay out a compass framework that showed very clearly, in one integrated picture, the organization’s collective ambition and provided extreme clarity to anyone who was wondering what the business was all about. We suggest individuals can benefit from applying the same framework to their personal lives – what we call a personal ambition compass (PAC).
The PAC framework has 6 major parts, outlined below.
At the centre of the PAC framework lies a person’s purpose (or core mission) around which everything else orbits. The outermost ring contains their daily behavior and the middle contains their brand promise, vision, guiding principles and strategic priorities.
Why Create A Personal Ambition Compass?
“If you’re not guided by a clear sense of purpose, you’re likely to fritter away your time and energy on obtaining the most tangible, short-term signs of achievement, not what’s really important to you.”
Creating a PAC is an adventure to self discovery where we uncover our unique talents, interests and deepest desires for our lives. It helps to clarify things we might not otherwise know about ourselves, gives us permission to say no to things that are distractions in our lives and provides us with a path for success. It can also help us make faster, better decisions – decisions in line with who we are and what we want to accomplish. Often when we are not at peace in our lives, it’s because we are in violation with our conscience, and deep down we know it. When someone takes the time to create a PAC and apply it to their daily lives, they start to live a life in harmony with their true character and in turn are at peace with their conscience. We believe creating a PAC can be a first step towards a more successful, happier and fulfilled life.
Creating and Implementing PAC
Creating a PAC may seem difficult (especially for left-brained people) but we believe it’s well worth the effort.
To start, we recommend the advice provided by Steven Covey to start with the end in mind. This means envision the end of your life and ask yourself what do you want to accomplish? What do you want people to say about you at your funeral? In an upcoming blog post series, entitled The Makings of PAC, we’ll go through the steps to create a PAC.
When creating a PAC it’s important to be patient with yourself to give yourself time to truly reflect on what it is you want to accomplish. It might take weeks or even months before you’re able to articulate it in clear, simple and concise language. It’s also important to revisit your PAC from time to time. As we grow as individuals and accomplish goals, our PAC will change and it’s important to update our PAC as necessary to ensure it accurately depicts us and what we want to accomplish.
health iQ tip(s): Create a personal ambition compass (PAC) to provide your life with direction and lead to greater life fulfillment and happiness.
Sources for this blog post include:https://hbr.org/2011/12/the-power-of-collective-ambition