You hear a lot about measurement when you sign up to do an MBA. ‘You get what you measure’ and we’ve been learning how to measure performance, variations from expected outcomes, and the strategies we can use to plan and then measure a company’s success.
I was lucky enough to be in attendance at a special two day conference by Prof. Robert Kaplan, Baker Foundation Professor at Harvard Business School, when he was in Ireland earlier this year.
Not only is Prof. Kaplan a widely acclaimed academic rock-star, and adored guru of MBAs everywhere, but in person he is truly an inspiration. At 74 years of age he is bright eyes, tan skin and lean physique. He exercises daily, clearly looks after himself, and still loves to travel.
His mind is sharp and inquiring; he asked lots of questions, was happy to chat and was evidently interested in understanding what was going on in Ireland, the challenges we face and what we are doing about it.
He remains passionate, interested and excited by his academic work. And he he’s not nearly done yet; there is so much more to learn and understand he says. That to me was inspiring.
Meeting him got me thinking about how we get to be like that. What’s the secret of the successful septa- and octo-genarians whose energy levels could put many half their age to shame? Michael Smurfit; UCD Smurfit Business School founder, Rupert Murdock and Warren Buffet are all still very engaged in their respective fields in their 70s and 80s.
As I edge further into year two of the MBA, I can’t help but wonder if the decisions we make now and in the months ahead will shape what we’ll be like when we reach that life stage.
If we’re lucky, given increasing life expectancy and extending ages of retirement, most of us will have at least 30, and maybe 40, years of career ahead of us post-MBA. Chances are you’ll only do an MBA once and so surely this is one of the best opportunities we get to reflect on and plan what we want those 30 or 40 years to be like.
In addition to the academic learning we are steeped in, this is the other part of the MBA experience. That we are actively encouraged to think about who we are, how to be the best version of ourselves and how to bring out the best in others. This applies not just in our careers but in all parts life.
If you need a framework (yes, we talk a lot about those on the MBA) for further examination of this you could do worse than read Clayton Christensen’s ‘How Will You Measure Your Life’. Another Harvard stalwart, we can learn a lot from Christensen’s reflections on his life post-MBA and the direction his classmates, and later his students, have taken over the course of their lives. The book is based on a final session he conducted with his Harvard MBAs each year and, while aspects of his personal values may not be to everyone’s liking, there are some really interesting observations and theories in this book that I think most MBA students will appreciate.
Christensen reminded me that you chose the life you want. You work hard at it and you need to measure it regularly to identify any deviations from the plan. But also that in reappraising your progress you may find that deviating from the course may be where the most exciting opportunities lie. Whatever happens, the MBA is providing us with the tools we will need to put in place strategies and action plans that will serve us well for the journey.
Weekend year 2