BOOK REVIEW Success Built to Last: Creating a Life that Matters By Jerry Porras, Stewart Emery, Mark Thompson Published Sep 12, 2006 by Wharton School Publishing. – Copyright 2007 – Dimensions: 5-3/8x8 – Pages: 304 – Edition: 1st – Book : ISBN-10: 0-13-228751-X ISBN-13: 978-0-13 228751-7 Prepared by: FARAHDILA WATI MOHD KHAMDE KHUZAINI 2008342701 IZYAN SHAFAWATI BINTI ABD HALIM 2008761091 SYUHAIRAH MOHD SHAHA 2008570637 AUTHOR Background Awards 1. Co-author of Success Built to Last 2. 1. In 2004, Forbes Magazine included Thompson on its list of America’s leading venture investors with the “Midas” touch for his work with many technology and media start-ups. Venture investor & producer of the executive leadership program, Leader Power tools. His Work 1. Audio and video programs: -Charles Schwab CEO Series -Women on Leadership -Seven Sacred Promises with Maya Angelou 2. DVD program: -Creating a Life that Matters 3. Audio book: -Hidden Kitchens -Series on National Public Radio This is MARK THOMPSON 2. Thompson’s audiobook series, Hidden Kitchens, for which he served as executive producer, won Audie and Columbia/ DuPont awards 3. His Lost & Found Sound series, for which he also executive produced on National Public Radio, won a coveted Peabody award. AUTHOR Background Jerry is Stanford Graduate School of Business Lane Professor of Organizational Behavior and Change, Emeritus. Porras has taught courses in leadership, interpersonal dynamics, and organizational development and change in the MBA and executive programs. He directed the School's Executive Program on Leading and Managing Change for 16 years. During the period 1988 to 2001 he served as the University's Faculty Athletic Representative to the Pacific-10 Conference and the National Collegiate Athletic Association and on two occasions was President of the Pacific-10 Conference Council. Winner of numerous awards: Brillante Award presented by the National Society of Hispanic MBAs Silver Apple Award presented by the Stanford Business School Alumni Association Kantor Medal awarded by the Pacific Graduate School of Psychology 2002 Community Educator of the Year from the Hispanic Net, and the Robert T. Davis Award from the Stanford Business School Porras has served on the editorial boards of many academic publications,: Academy of Management Journal Academy of Management Review Journal of Applied Behavioral Science Business Review Journal of Organizational Change Management This is JERRY PORRAS Best Seller / New Updates about the author Jerry Porras co-authored international business bestseller Built to Last: Successful Habits of Visionary Companies, with Jim Collins. The book is based on the results of an exhaustive six-year research project aimed at discovering the approaches and behaviors of the most visionary companies of the past two centuries. Translated into 25 languages, it has sold more than one million copies worldwide. Porras currently serves on the board of directors of the State Farm Automobile Insurance Company, State Farm Life Insurance Company, State Farm General Insurance Company, Quaker Fabrics and ReloAction. AUTHOR This is STEWARD EMERY Fathers of Human Potential Movement First CEO of est, cofounded Actualizations, led seminars in dozens of countries, coached over 12,000 people Studied economics, philosophy and psychology at the University of Sydney Moved to the United States in 1971 Late 70’s was selected by the national media as one of the ten most influential people in the Human Potential Movement Appeared as a featured guest on television and radio talk shows (including the BBC and co–hosting TV talk show about human sexuality in Los Angeles in the mid–70s) In the late 70’s he was selected by the national media as one of the ten most influential people in the Human Potential Movement. He served as a creative director for J. Walter Thompson’s Sydney office and taught design at the University of New South Wales. Bestselling: •Actualizations: You Don’t Have to Rehearse to be Yourself •The Owner’s Manual For Your Life New Updates: •Owner Belvedere Consultants •Work Industry – Professional Training and Coaching •Led workshops, seminars, and delivered keynotes all over the world CHAPTERS Intro • Chapter 1 – From great to lasting – redefining success Part 1 • Chapter 2 – Love it or lose it – Passions and the quest for meaning • Chapter 3 – Portfolio of passions – it’s not about balance • Chapter 4 -Why successful people stay successful – integrity to meaning Part2 • • • • Part3 • Chapter 9 – Earning your luck – preparing for serendipity by using big hairy audacious goals • Chapter 10 – Naked conversations – harvesting contention • Chapter 11 – Creating alignment – the environment always wins Chapter 5 – The silent scream – why it’s so damn hard to do what matters Chapter 6 – the cause has charisma – you don’t have to be charismatic to be successful Chapter 7 – The tripping point – always make new mistakes Chapter 8 – Wounds to wisdom – trusting your weaknesses and using your core incompetencies INTRODUCTION Leadership is a pointless conversation without an understanding of what success means From Built to Last to Success Built to Last – Who am I ? What do I stand for? What is my purpose? How do I maintain my sense of self in this chaotic unpredictable world? How do I infuse meaning into my life and work? How do I remain renewed, engaged, and stimulated? Conversation with Enduringly Successful People – Interviews with 200 people – Rediscovered a principle that is starting to emerge about organizational performance How We Found the People – Overlaid an unusual time limitation – eliminating those had significant success in career Avoiding the Apprentice Trap – People with a long tenure of performance Successful People Have a History of Mistakes and They Harvest Their Failures – Harvest useful lessons and knowledge from what doesn’t work, display remarkable resiliency, ability to bounce back from adversity – Don’t just think positively, practice the ability to respond to move ahead Our Approach to the Interviews – Open-ended inquiry asking about the definition of success and lasting leadership Why Take This Journey? – Deeper dialog about success and what matters in lives Meaning Success Built to Last Thought Action PART I Meaning – How Successful People Stay Successful PART I Love It or Lose – Passions & the Quest for Meaning The only place where you find success before work is in the dictionary Perfection is finally attained not when there is no longer anything to add, but when there is no longer anything to take away All You Have Is Your Personal Capital It’s dangerous not to do what you love Personal capital – talents, skills, relationship, enthusiasm It’s Like Saving Up Sex for Old Age Success is getting what you want and happiness is wanting what you get The Secret of Life Good chance if can feel something missing or are on incessant search for meaning until make one simple choice Being in the Zone – The Flow Experience When you are deeply immersed in the process of doing whatever you are doing, and completely lose track of time and place, you are in a flow experience PART I Love It or Lose – Passions & the Quest for Meaning The only place where you find success before work is in the dictionary Perfection is finally attained not when there is no longer anything to add, but when there is no longer anything to take away Builders Are More Like Nerds Than Supermodels You are on the right track when you naturally obsess over what you like a geek Death by PowerPoint When you skip the step of realizing what makes you tick, then you’re taking the big risk that you’re not landed on something upon which you can build success that will last Rational Optimism or Irrational Exuberance? Celebrating what’s right with the world is an excruciating unhip and uncool thing to do. We are carefully trained by safety-conscious parents, in-laws, institutions of higher learning, and the evening news to ignore or ridicule optimistic people No one can tell you what risks you should take. We are insisting that you must choose a path that you love, for better or for worse PART I Portfolio of Passions – It’s Not About Balance It’s exciting to see how fast your kicks learn and grow. I’m not too worried about them, particularly the ones who like to break the rules and don’t follow instructions; those are the ones that will do just fine because they know what’s important to them To find your mission in life is to discover the intersection between your heart’s deep gladness and the world’s deep hunger • The Reward for the Doing Must Be the Doing – – • Success can be the worst thing that happens to you if you think it makes you right Success as traditionally defined doesn’t mean we’re right; it just means that whatever happened turned out to be popular. The Answer Is Very Rarely Just One Thing – Balance Is Bullshit • • Your Passions Provide Peripheral Vision – • Ironically, at the same time society insists that you do one thing with your life, those same cultural norms pressure you to have a “balanced” life split into neat little slices. Successful people find they get many great insights when they’re playing at something else or somehow not wrestling with problem directly Stealth Passions and the Power of Peripheral Thinking – – Focus to achieve specific objective – exclude all other things except a single focus for your life Carve out a little time each week, on the job or after work, to experiment in some way with one of your other passions PART I Portfolio of Passions – It’s Not About Balance It’s exciting to see how fast your kicks learn and grow. I’m not too worried about them, particularly the ones who like to break the rules and don’t follow instructions; those are the ones that will do just fine because they know what’s important to them To find your mission in life is to discover the intersection between your heart’s deep gladness and the world’s deep hunger • Where You Can Be Paid For Passionate Distractions – Most people create new working identities on the side first, by getting involved in extracurricular ventures and weekend projects – the only way we figure out what we really want to do is by giving it a try • For Builders, Every Passion Counts – Wealthy people have been giving piles of money away to good causes for generations • Leaders Give What Is Needed, Not What Is Expected – Leaders do not recognized their potential for leadership, especially when they are young – Passion is what enables leaders to hold to their integrity despite social pressures – real leaders were born to do what they are doing PART I Why Successful People Stay Successful – Integrity to Meaning The purpose of life is not to be happy. It is to be useful, to be honorable, to be compassionate, to have it make some difference you have lived and lived well. • Don’t Treat Passion Like a Trivial Pursuit – To ask them why they’re still “working” is to dismiss their passions as trivial pursuits. – We made mistake more than once in our interviews. – It seemed an innocent question, but only served to demonstrate that we didn’t get it • One Value That Builders Have in Common – If there was one thing they all do consistently – one value that they all share in common – it is integrity to what matters to them. – Each of us has to struggle in our own individual way to achieve a measurement of success. Meaning Success Built to Last Thought Action PART II Thought Styles – Extreme Makeovers Start in your head PART II THE SILENT SCREAM why it’s so damn hard to do what matters •Listen to your inner voices Happy endings come from listening to that little voice inside your head – about what matters to you “Your time is limited, So don’t waste it living someone else’s life. Don’t let the noise of others opinions drown out your own inner voice- and most important –have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary” - Steve Jobs, Apple cofounder and CEO •Watch out for these Traps! 1. It’s not considered a worthy career 2. Bright Shiny Objects(BSO)for our Drive 3. Seduction of Competence 4. Tyranny of the “OR” THE CAUSE HAS CHARISMA you don’t have to be charismatic to be successful •Your personality is NOT what determines enduring success. It’s what you do with your personality that counts. When talk about favorite topic/subject intensely matters to you, charisma happens. •Trust your Passion & Work for it “Life takes passion, determination & skill. You can’t skip any of these and expect to enjoy success built to last.” - Condoleezza Rice, the current U.S. Secretary of State. You can’t claim the buried treasure if you aren’t willing to dig for it. PART II THE TRIPPING POINT Always makes new mistakes •Find a way to manage facing lifelong adversity, phobias or flaws Don’t let goals and dreams be held ransom by feelings in that awful moment when everything has gone wrong. •Focus! - When Positive Thinking Doesn’t Work Instead of struggling to choose attitude, focus on what works, what to achieve/committed to building. Once its done, attitude improves. WOUNDS TO WISDOM Trusting your weaknesses & using your core competencies •Don’t deny flaws Disadvantage may hold the seeds of your genius. By embracing the pain, you gain something more powerful than just the ability to learn from mistakes or harness the value of persistence. •Letting Go of What Doesn’t Work When it comes to flaws, nothing goes to waste Discard blame,look at what can be changed & deal with that directly without prolonged whining. Meaning Success Built to Last Thought Action PART III Action Styles – Turning Passion into Action PART III What enables passion to turn into action Setting big goals—small goals lead to small thoughts and actions while big goals involve risk taking and persistence. Ambiguity needs to be accepted—rarely will proposals fully define every action that must be taken to achieve the objectives. Successful people recognize that they can’t incorporate everything that will be needed to be successful. Successful people cannot control what happens to them, but they can take positive and direct steps to address the road blocks that occur in fulfilling a passion. Feedback systems are needed to determine if you are going in the right direction. Measurement systems need to be established so that you know where you have come from, where you are, and where you are going. Struggle with the issue and not each other—successful people want frank, open conversations but those conversations are focused on facts and issues, not people’s attitudes and emotions. Build lifelong relationships—you need to develop a network of colleagues that you can work with even though they change jobs or roles in organizations. PART III Action Styles – Turning Passion into Action •Basic model: Knowing what behaviors you want from yourself, team, and in organization. Aligning all the signals and incentives you’re sending throughout the system, including to yourself. “Your goals should give you some satisfaction from the moment that you set them in motion-that’s one of the tests that let you know they are meaningful to you.” • Alignment – it’s a process, tough & it can take a while. Requires that you get out of your life all the stuff that is inconsistent with your passions and goals – includes people. Don’t be right, be EFFECTIVE How the obsession to reach the goal – judgments based on experiences. LESSONS LEARNT • The only thing that provides lasting success (and happiness) is the day-by-day practice and struggle to move the three circles – Meaning, Thought, and Action. • Lasting success requires lasting engagement, and there is so much yet to learn. • You may or may not be to blame for what happens to you, but either way you are responsible for doing something about it. • The thing that matters is meaning. It drives everything; align the intention to the things that matter to us, and we know a lot about the stuff.