Summary: The 5 Patterns of Extraordinary Careers
Review and Analysis of Citrin and Smith's Book
BusinessNews Publishing
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Summary: The 5 Patterns of Extraordinary Careers
Review and Analysis of Citrin and Smith's Book
BusinessNews Publishing
About This Book
The must-read summary of James Citrin and Richard Smith's book: `The 5 Patterns of Extraordinary Careers: The Guide for Achieving Success and Satisfaction`.
This complete summary of the ideas from James Citrin and Richard Smith's book `The 5 Patterns of Extraordinary Careers` reveals the results of a study on over 1.2 million successful people. In their book, the authors identify 5 key patterns that can be seen in the majority of successful people and they analyse each of them in turn, explaining how you can adopt them into your own life. This summary is a must-read for anyone who wants to climb to the top of the corporate ladder.
Added-value of this summary:
ā¢ Save time
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ā¢ Expand your knowledge
To learn more, read `The 5 Patterns of Extraordinary Careers` and discover the true keys to success.
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Summary of The 5 Patterns of Extraordinary Careers (James Citrin & Richard Smith)
Pattern #1: Understand how value is created in the workplace ā and get into action
- Demographics ā the general level of supply and demand for your professional talents and competencies.
- Market liquidity ā how many people with comparable talents to you are currently seeking positions versus the number of positions open to them.
- Company volatility ā the rises and falls in the market value of the company which employs you.
- Intellectual capital ā how the financial markets value intangible assets by comparison with the value assigned to hard assets.
- The promise phase ā where your perceived market value is weighted heavily in favor of your potential. This phase generally occurs at the completion of your formal education until sometime in your early thirties. During this phase, who you choose to work for and the variety of experiences you are exposed to can have a significant impact on the trajectory of your future career. If you can succeed in starting to build your experiential value well during this phase, it will have a compounding effect on the results of your entire career. Similarly, the more experiences you are exposed to early on, the easier it becomes to know your passions and strengths.
- The momentum phase ā where the bulk of your market value comes from your experience in different situations and the skills you have acquired. In this phase, you start to take careful control over the direction your career is moving. You stop dabbling and focus more intensively on the areas where you can excel. Typically, you will have many options available to you in this phase (within your own organization and with others) because of your high visibility. To keep moving forward, you have to migrate to positions that are aligned with your strengths and passions.
- The harvest phase ā where once again the bulk of your market value comes from your potential value rather than your experiential value. In this phase, the number of options can be vast ā other companies to run, other boards to join, speaking engagements to make, books to write, etc. During the harvest phase, a successful executive can secure some important roles and responsibilities. As executives take on new challenges, there is a cross-border transfer of know-how which frequently transcends traditional industry boundaries.
- To position yourself advantageously with a strong firm.
- To take control of your own career development trajectory.
- To be proactive in steering your career in the right direction.
- To understand how value is created.