This framework is so clarifying and is such a helpful and easy one to implement. I see shades of Ikigai; at the same time, your decision to lend it the shape of a wheel makes it at once visual and memorable.
I can see High Significance and High Value Creation. Example - you work in the non-profit sector, perhaps you don't earn a lot but the sense of fulfilment from seeing the difference your contribution makes to the world (non-monetary value creation) more than makes up for it.
Can also imagine Low Sig-High Value = boring job that pays too well. Or Low Sig-Low Val = admin work that neither pays well nor has an impact and hence can be easily automated
My sense is that value creation naturally follows high significance upward. I've this image of Van Gogh struggling to make ends meet but happy that he was doing his life's work. So, my question is, What would be an example of High Significance and Low Value Creation?
In this framework I’ve differentiated significance from value creation. Value creation is monetary (for self or society/organisation) and significance is lasting impact - you could define it differently - and have an intersection set between the two, but I feel it’s best to define it in a mutually exclusive way …
Defining it mutually exclusively is the way to go or else the framework would slide closer to a 2X2 matrix. I misread monetary and non-monetary value creation as tangible and intangible reward. Perhaps you meant it to be cash and kind. With this clarification out of the way, I'm ready to build a wheel now 😁
This framework is so clarifying and is such a helpful and easy one to implement. I see shades of Ikigai; at the same time, your decision to lend it the shape of a wheel makes it at once visual and memorable.
I can see High Significance and High Value Creation. Example - you work in the non-profit sector, perhaps you don't earn a lot but the sense of fulfilment from seeing the difference your contribution makes to the world (non-monetary value creation) more than makes up for it.
Can also imagine Low Sig-High Value = boring job that pays too well. Or Low Sig-Low Val = admin work that neither pays well nor has an impact and hence can be easily automated
My sense is that value creation naturally follows high significance upward. I've this image of Van Gogh struggling to make ends meet but happy that he was doing his life's work. So, my question is, What would be an example of High Significance and Low Value Creation?
A honest IAS officer
Such a person would find their work fulfiling, no? Is fulfilment not value creation? Do point me to what I may be missing
In this framework I’ve differentiated significance from value creation. Value creation is monetary (for self or society/organisation) and significance is lasting impact - you could define it differently - and have an intersection set between the two, but I feel it’s best to define it in a mutually exclusive way …
Defining it mutually exclusively is the way to go or else the framework would slide closer to a 2X2 matrix. I misread monetary and non-monetary value creation as tangible and intangible reward. Perhaps you meant it to be cash and kind. With this clarification out of the way, I'm ready to build a wheel now 😁