Tuesday, September 3, 2013

Three Capabilities: Resource, Process, and Priority

           Three capabilities of business are
  • Resources: This is the most tangible one. Example are human, time, money, brand, product design, and so on. They can be seen easily on balance sheet. 
  • Processes: This defines how resources interact to achieve a certain job. More efficient processes let the company accomplish a certain job with less resource.
  • Priorities: This is perhaps the most important part. It defines how the company and its employee make decision. A successful company succeeds in making the priorities of its employee align with its own priorities.
          These three components are all inclusive and mutually exclusive. Each part of business must fall into one of these components. And, every part of the business must fall into one of these components.

Components for Your Kids

          We all have strengths and weaknesses. We might at time wish we and turn back the clock to fix our weaknesses. Unfortunately, we can’t. 

Resource, Process, and Priority

          What we can do is to help our child get rid of his/her weaknesses. You can think in terms of the above three components. 
  • Resource: You can provide your kids with time, money,  energy, teacher, knowledge and so on. Resource is what your kids need to do a certain thing.
  • Processes: Processes is how your kid put resource together and do something. These include how your child think, how he/she interact with other, his/her view of the world, and so on. 
  • Priority: Priority is why your kids do a certain thing. 
          For example, you can teach your kid how to program. This knowledge is resource. If your kids learn to create a program to solve a problem, they have acquired a process. Finally, thinking about which problem is an important one is the priority. 

Outsourcing Your Kids’ Future

          It has become increasingly common that we would hire someone to do the housework for us. While this gives us time, it strips away the chance for our kids to learn to do things at home like cooking, plumbing, carpentry, and so on. 
          In addition, we send our kids to summer schools or to develop sport skill. These programs helps our kids develop not only skill, but also inter-personal skill, leadership, teamwork and so on. 
          But, sometimes, we overwhelm our kids with these ‘resources’ so much that they stop paying attention. We did not think of what our kids want. We usually think of what we want our kid to want. 
          From time to time, we need to ask ourselves a different set of questions: Has my child develop skills to develop skills, the knowledge to develop deeper knowledge, and the experience to learn from experiences. These questions tell you whether your kids would acquire ‘process’, in addition to the ‘resource’ you’ve given them.

More Resource, Less Process

          Giving you kids more resource is not necessarily a good thing. When you overwhelm your kids with knowledge, they will just remember it. But, they will not learn to tackle a new problem. If you want your kid to acquire better process, you need to throw down challenges and let your kids solve the problems. Let them build up self-esteem.


“Self-esteem--the sense of I’m not afraid to confront this problem and  I think I can solve it--doesn’t come from abundant resources. Rather, self-esteem comes from achieving something important when it’s hard to do.”
          If you’d like to have great kids, you should not give them all resources you have. You should give your kids a simple problem. You can slowly  increase the difficulty of the problem if your kids can solve a simple problem. This way, your kids will slowly learn that they should try to solve the problem whenever they can. It equips your kids with confidence  and pride that they can solve the problem. 

Giving Your Kids Value

         Value is the third essential capability--priority. Unfortunately, it is hard to give values to your kids. Values differ from knowledge in that they can not just be given. It has to be learnt. And...

“Children learn when they are ready to learn, and not when we are ready to teach them.”

          The problem is you don’t know when the children are ready to learn. So, your best bet is to be with your children as much as you can. When they are ready, they will pick up what you do. They will learn to differentiate good from bad. 

          If you outsource your jobs as a parent to others, the kids will not learn values from you. The kids will pick up the values from, say, baby sitters, because they were there when your kids is ready to learn. 

Source: How Will You Measure Your Life? by Clayton M. Christensen, James Allworth, and Karen Dillon

Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.

   About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make  notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for.

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.

1 comment:

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