RSS Five Ways to Assess Your ‘Haves’ and ‘Have-Nots’

I received a great letter recently from a business friend of mine who provides consultative financial and business services to medical professionals. In it, he shared an exercise he created to help his clients with their strategic planning endeavors: The Having Exercise.

He explained it to me this way, “I use it to get ideas for strategic direction as part of an overall SWOT (or ‘Strengths, Weaknesses, Opportunities, and Threats’) analysis.” Professionals often use a SWOT analysis as a more sophisticated pro-con list, to assess whether a venture or idea is a good one.

You can perform The Having Exercise by asking the following:

  1. What do I want that I do not have?
  2. What do I have that I do not want?
  3. What don’t I have that I do not want?
  4. What do I have that I want to keep?
  5. What do I have now that I will certainly lose in the (near) future?

I want to share this because I think it has relevance in our daily work environment. Just think about these questions from the perspective of a leader who is making a qualitative assessment of their human capital. For example, “What talent do I want that I do not have?”

When you look at the same issue using slightly different lenses, you gain a unique glimpse at the same thing. Taken individually, one answer might justify a specific strategy. However, taken together, they should paint a whole picture and a balanced strategy and outcome.

This exercise is also pertinent from a personal perspective. In fact, if we all took the time to answer these questions focusing on our own personal goals and objectives, I wonder what the impact might be for some of us. Is it possible that we could become unburdened from things that don’t really create value for us? Might we find greater clarity in how we perform our jobs or how we handle our finances to achieve our goals and dreams?

If you think about it, this exercise allows each of us an opportunity to take inventory of what’s important and what’s not; what’s worth having and what isn’t. As Henry Ford famously said, “Whether you think you can, or whether you think you can’t, you’re right.” I believe the same would hold true if he had said, “Whether you have or whether you don’t have, it’s up to you.”

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Home About Archive Mitch HagstromMitch Hagstrom
Executive Vice President
Chief Banking Officer
Pacific Continental Bank

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