Solving the Matrix of Careers
As the season of graduation begins in coming weeks, always remember that there is time for the accumulation of capabilities. The greatest companies on earth accumulate capabilities and then use those capabilities to profit. The same applies to careers: do not define everything by the size of the paycheck. Look out for how you would accumulate capabilities. A job that gives you the opportunities to develop yourself within the first five years may be better than one that pays a little more but locks you.
Companies must develop and accumulate capabilities in order to compete in the market place. In this video, I explain how any firm can do that and why accumulating capability is very strategic. From Google to Dangote Group, when companies accumulate capabilities, they see themselves operating in the segments of markets with higher value (usually upstream) compared with where their competitors operate (usually downstream). Dangote Group can deploy massive assets and technical know-how in cement production, making it harder for new entrants and rivals.
Gottfried Reinhardt notes –“Money is good for bribing yourself through the inconveniences of life”. But to make it, inconvenience typically comes first. Yes, a smaller salary may help to unlock the bigger one in future.
Good luck as you solve the big matrix of careers.
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