Use a New, Broader Success Scorecard

Coach Joe Use a New Language for Success Leave a Comment

As a life-enhancing leader, you recognize financial accounting as an essential and useful tool for business and life. However, you also recognize that this traditional scorecard often leaves out or undervalues things that really matter to you. Examples include: vision and leadership, the use and integration of talent, individual and organizational adaptability, creativity and ingenuity, civic dialogue and democracy, community and volunteer support, childrearing, and the life-supporting services provided by nature. These things are often difficult or impossible to monetize.  Some advocates of the traditional accounting scorecard will say that these things are already accounted for in the bottom line. You know better. You need a more comprehensive success model that builds on financial measure that work, but better conveys the overall health and performance of you and your organization.

The Business Ecology Success Model meets these challenges. It is built on simple, yet profound core philosophy:

“People, and the organizations that we belong to and create, are living enterprises with unique core identities. We achieve genuine, enduring success when how we live and what we do are aligned with our core identity and our true creative nature as living, interdependent beings.”

Here are some measures that can help you start putting this philosophy into practice in your own life and business:

Definition & Alignment with Your Core Identity. Your core identity includes things such as values, dreams, purpose, talents, and passions that define who you really are. Have you taken the time to define your core identity? If you have, to what degree is your life at work and at home aligned with this core identity? When there is poor alignment, what factors tend to cause this situation? What steps can you start taking today to better align your work and personal life with your core identity.

Strength of Stakeholder Relationships. Who are the people and organizations that contribute to or gain from your success? Stakeholders in your business environment might include clients, suppliers, lenders and grantmakers, the government, professional alliances, employees, and competitors. In your personal life, stakeholders might include your life partner, employer, service providers, children, parents, friends, faith or civic community. How would you evaluate your relationship with each of these stakeholders? How would your stakeholders evaluate you?

Overall Well-Being. When you stop to think about, there are at least five dimensions of over well-being: physical, financial, emotional, mental and spiritual. How would you rate yourself in each of these areas? How do day-to-day activities affect each of these dimensions of well-being? Do you devote sufficient time and energy to each of these five areas?

Are you ready to start putting this philosophy and success measures into practice? Contact me today and let’s get started.

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