Writer's choice

Question

Strategic Management

Consider a case in which you, personally, are assessing your individual activities like a corporation would—that is to say, you have both the necessity and ability to allocate your finite resources to a variety of competing value-adding activities, each requiring distinct capabilities, commitments, and investment of time and money. What methodology would you use to determine the activities you would pursue and those you would discontinue? How would you asses the nonmonetary personal value of your diversification into activities such as relationships and hobbies? How can you be better prepared to make these necessary but often difficult decisions?