As every year, the time for evaluation and planning the next steps in competence and career development is approaching, step by step. Depending on the type of work you do and your personal preferences, you may consider what you could learn in the upcoming new year. What competencies will be essential for your growth, and what should you pay attention to when planning further steps in both personal and professional development?
One of the more intriguing methods that can be applied comes from transforming the balanced scorecard known in business management into a personal balanced scorecard.
It consists of a personal vision, mission, success factors, and metrics that we want to use to monitor progress. In the long term, this will facilitate reaching our set goals. In the short term, it will make decisions such as participation in training or conferences easier.
Below, I present an example that can inspire you to apply this method. It includes general goals broken down into financial, external factors, internal factors, and knowledge and learning perspectives. I encourage you to break them down into more detailed and specific objectives.
If you prefer, you can write this down on a regular sheet of paper, or if you'd like to keep it digital, I recommend checking out free digital whiteboard tools like Mural, Miro, or Draw.Io.
Completing this exercise for the first time may seem challenging. You will likely need to dedicate several evenings to it. A helpful solution is to find someone with whom you can discuss these matters. This person could be a mentor, coach, or a trusted individual.
After completing this exercise, consider how you want to measure your goals and how you will know when they are accomplished.
However, the most challenging part comes when you put your plans and assumptions into action.
Throughout the year, there may be moments when you realize that certain goals and assumptions are no longer relevant or need to be adjusted. It's essential to update your scorecard in such cases and, of course, reflect on why your goals have changed. This will be valuable in subsequent goal-setting iterations.
The basic questions that will help in creating the personal balanced scorecard:
Who am I?
What is my life philosophy?
What are my aspirations?
What are my unique talents?
What values do I follow?
What do I want to achieve?
How can I stand out among others?
What is my current financial situation, including income, expenses, and savings?
Am I monitoring my expenses and tracking where my money is going?
What is my savings and investment strategy?
What investments am I considering to diversify my portfolio and achieve better returns?
What opportunities do I have, and what is realistic to achieve?
What am I willing to sacrifice to achieve my goals?
What am I willing to give up in my personal, social, and professional life?
What am I like to myself and others?
How do I build relationships with others?
What relationships do I have, and what is needed to build them?
What changes in regulations or industry trends could impact my career or business?
What brings me satisfaction?
What kind of environment do I prefer?
How well do I perform in my current job?
What am I good at, and where do I struggle?
What motivates me?
How do I take care of my health and well-being?
What amuses me?
What new skills or knowledge do I want to acquire in the near future?
What is needed to enhance my qualifications?
What interests me?
Which skills are most valued?
What are my favourite learning methods?
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