Is your career on the right track? Here's how you can find out!

Tuesday: Return Driven Strategy

FROM THE DESK OF MILES EVERSON:

Are you familiar with Return Driven Strategy (RDS)?

If you aren’t yet, this is a pyramid-shaped framework that consists of 11 tenets and

3 foundations. When applied properly, these principles help businesses achieve true wealth and value creation.

One of the things I love about this framework is its applicability to professionals. Just apply RDS’ tenets to your career and you have Career Driven Strategy (CDS)!

Today, let’s talk about the importance of self-evaluation.

Keep reading below to know why evaluating your past accomplishments and performance matters to your professional growth and career advancement.

miles-everson-signature.png
CEO, MBO Partners
Chairman of the Advisory Board, The I Institute


 


 

Is your career on the right track? Here's how you can find out!

If you want to know if you’re on the right track in your career, then you should start looking inward…

Self-evaluation is a continuous process of looking back at one’s career performance through a careful evaluation of accomplishments, mistakes, and opportunities for growth.

Simply said, this process entails looking back AND within yourself to propel your career forward.

According to Ivy Exec, evaluating oneself is beneficial for career development as this “broadens your soft skills, keeps you motivated, spurs on personal growth and development, and ensures you are meeting your goals.”

Aside from that, self-evaluation motivates you to keep doing better because you’ll be reflecting on your strengths, accomplishments, and other positive attributes.

As you assess yourself, you’ll notice how you can further grow in your role and discover new career paths that you might not have noticed before.

So… now that you understand the benefits of self-evaluation, let’s look at the different ways you can effectively evaluate yourself in terms of your career:

  1. Set SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) goals.

    Making improvements after thoroughly looking back at your career and what you’ve achieved so far is part of the self-evaluation process. However, you need to make sure you set goals for yourself that you can realistically achieve and measure.

  2. Gather feedback from your colleagues and mentors.

    When evaluating yourself, there’s a chance that you can overlook certain aspects of your career performance. Because of this, it’s important to seek feedback from your peers or superiors since they offer an external assessment of you as a professional.

    After all, receiving feedback during the self-evaluation process gives you valuable insights, constructive criticisms, and encouragement about your career and work performance.

  3. Use a journal or tracker.

    Using a journal or tracker allows you to take note of the challenges and realizations in your career or field of expertise.

    You can journal with a physical notebook, spreadsheet, or mobile app. Notion is an example of a productivity tool that has free journaling templates you can use.

Self-evaluation and Career Driven Strategy (CDS)

In CDS, Professor Joel Litman and Dr. Mark L. Frigo emphasized the importance of asking the right questions and thinking differently about your goals and activities in your career.

Self-evaluation enables you to assess your performance and gather feedback about your work, paving the way for you to grow and improve as a professional.

By undergoing this process, you’re putting yourself in a position to learn new skills and set new goals, furthering your growth not just as a professional, but also as an individual.

So, wherever you’re at in your career, take note of the power of self-evaluation in helping you realize how far you’ve come and how much more you can grow!

If you’re looking to gain a better understanding of RDS, we highly recommend checking out “Driven” by Professor Litman and Dr. Frigo.

Click here to get your copy and learn how this framework can help you in your business strategies and ultimately, in ethically maximizing wealth for your firm.


 


 

Hope you found this week’s insights interesting and helpful.

Mrs. Fields stands out as a beacon of success and mouthwatering goodness in the world of sweet delights.

Learn more about what this business did right in its offering in next week’s article!

Miles Everson

CEO of MBO Partners and former Global Advisory and Consulting CEO at PwC, Everson has worked with many of the world's largest and most prominent organizations, specializing in executive management. He helps companies balance growth, reduce risk, maximize return, and excel in strategic business priorities.

He is a sought-after public speaker and contributor and has been a case study for success from Harvard Business School.

Everson is a Certified Public Accountant, a member of the American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. He graduated from St. Cloud State University with a B.S. in Accounting.

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