Saturday, July 27, 2013

Personal Development: PBSC

I have written many places about how I am always looking for ways to improve my own performance and how I enjoy exploring new tools. Today I wanted to introduce a tool that is proven to work in business and that I personally am using right now in several aspects of my life. It is the well-known balanced scorecard...with a personal twist. I am no expert in using balanced scorecard… In fact the only reason I stumbled onto this personal improvement technique was because I needed to refresh my business school knowledge about this strategy tool.

I spend an average of 80 hours working, every single week. Some weeks it is a lot more and some weeks it is a bit less. I enjoy my work and the way I can challenge my mind and intellect every single day. It is un-avoidable that this work has shaped me to some extent. But the tools that I use in my work-life have until recently not been used at home. I will not take credit for this change as it was my wife who first introduced Asana ( to our personal-life. That was a great improvement to the way we manage projects at home (in this case: Annapurna Basecamp Trip 2013). Being a consultant who is married to another amazing consultant has its benefits. But that story is for another blog post…

When my wife introduced Asana and I saw how effective it was, I felt inspired by her. I apply several business principles to my personal life both consciously and subconsciously, but here was a tool that actually worked. I have a professional goal to outperform the Matias of today, tomorrow. In my studies and continuous efforts to reach this goal, I found some hard truths about my own strengths and weaknesses. As I worked and continue to work with overcoming these challenges and leverage my strengths, I began to see parallels to my personal life. I overcome complex business problems internally in the company I work, on client projects and when developing Business Cases or proposals. So why should simple life-challenges be more difficult to cope with? Now I began looking at tools and principles with a fresh perspective, I “invented” the Balanced Personal Scorecard. Or so I though… It turns out that the balanced scorecard has been used by many people for personal purposes. I found out that the “official” name is “Personal Balanced Score Card” (I think my name was better).

To understand the PBSC, you will need some basic knowledge about the tool “Balanced Scorecard”. To give you the Wikipedia definition it is:

The balanced scorecard (BSC) is a strategy performance management tool - a semi-standard structured report, supported by design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. It is perhaps the best known of several such frameworks. Since its original incarnation in the early 1990s as a performance measurement tool, the BSC has evolved to become an effective strategy execution framework. 

The BSC concept as put forth by Drs. Robert S. Kaplan and David P. Norton is now seen as a critical foundation in a holistic strategy execution process that, besides helping organizations articulate strategy in actionable terms, provides a road map for strategy execution, for mobilizing and aligning executives and employees, and making strategy a continual process

To apply this to your personal life, you need to separate aspects of your life into categories. The categories that I chose to include are:

Family: How am I performing as a husband, son, brother, friend and some day as a father?

Spiritual: How am I living up to my beliefs, my convictions and the principles that I feel should guide me?

Professional: How is my career going and how am I developing my own competence, work ethics and professional focus in accordance with my goals?

Physical: How is my body doing according to what I feel is appropriate for my age and how does it perform relative to the tasks that I want it to perform?

Matias Johannessen - Established Jakarta-Based Management Consultant

As they often like to do, the textbooks probably define PBSC-categories for you. To be honest, I find that completely inappropriate as this is YOUR personal scorecard and it needs to be relevant to how you see yourself, not how someone else defines “a person”. I encourage you to not use my categories or those found in a book, but use the ones you feel comfortable with, also 4 is just a number I like, if you want 7 categories then I think you should go with 7. I defined each category with my objectives. Using these categories, I assigned tangible metrics that I felt reflected my performance in each aspect of my life.

I do not use the scorecard to give myself a score X out of Y possible, but rather to gain an overview of how I am focusing on the different aspects of my life. I assess if my focus is balanced and if I am happy with the goal achievement I am currently accomplishing. I am using a more detailed version of the table you see below, but have included this to give you an idea of what the actual tool could look like.

Matias Johannessen - Established Jakarta-Based Management Consultant

If you want to read a book, read a scientific paper on the concept or pay someone to help you figure it out, then this blog is not the place to go. But I am more than happy to provide some links for anyone interested to learn more about PBSC. Head on over to my Facebook page to find more links and while you are there, don’t forget to follow me there for more frequent updates than just my rather infrequent blog posts: Please also note that I do not endorse or recommend these, but simply provide them to save you time Googling it (don’t sue me if a PBSC consulting session or a book does not change your life and make you happy in all aspects of your life).

If you would like to comment here or on my Facebook-page, I would like to know:

“How do you use your work-skills to empower yourself on a personal level?”

Sunday, July 14, 2013

Indonesia, the land of 1 000 000 000 000 opportunities

© IMS Relocation (

In my old blog, I described only briefly my interest in the huge opportunities that the Indonesian Market represents. For me, the interest in this market mainly falls under three categories:

Growth and Innovation

Indonesia has had a fantastic growth in the post-dutch era, with some serious growing pains as any emerging market has. This growth is anticipated to slow down somewhat in 2013 (5.9% WB estimate), but remains at a very high level. If you are doing or consider doing business in Indonesia, I recommend reading the World Bank's report "Indonesia Economic Quarterly: Adjusting to pressures" released July 2, 2013. The nature of Innovation in emerging markets is very different from innovation in established "western" economies. I am very lucky to be in a position where I can support and be inspired by young Indonesian entrepreneurs. Innovation can be found with the water salesmen who make a living selling water during rush traffic, but also within young educated businesswomen and men who have a drive unlike any I have witnessed elsewhere.
© 2013. McKinsey & Company.

Untapped potential current and future
The sheer number of Indonesians that can be considered. I have first-hand experience from a few sectors and rely on reports and public information to stay up-to-date on others. For a brief overview of the Indonesian market potential, head over to Campaign Asia-Pacific and check out the article: "Indonesia: Asia's $1 trillion opportunity". McKinsey & Company have released an interesting in-depth report on the topic and I recommend checking it out: "The Archipelago Economy: Unleashing Indonesia's Potential".

Diversity of market
Indonesia is home to over 300 distinct native ethic groups and over 700 languages and dialects. The common tongue "Bahasa Indonesia" is considered the first language of only 23 million (or about 10% of the population). Indonesia is a member of G-20 and well on its way to becoming a G-8 country by 2030. The number of "Middle-Class and Affluent Consumers" is rapidly growing and is set to double by 2020 according to BCG's "Indonesia’s Rising Middle-Class and Affluent Consumers". Addressing such a complex market and navigating the opportunity represents a great challenge, to learn more about this I recommend McKinsey & Company's "Understanding the diversity of Indonesia’s consumers".

The opportunity to do business in the unique market that early 21'st century emerging markets presents is a true privilege and challenges are lining up for this young management consultant. I am hungry for knowledge and am excited about supporting Indonesian and multinational organisations take part in this rapid development.
Matias Johannessen - Established Jakarta-Based Management Consultant

Friday, July 12, 2013

A Management Consultant by heart

Matias Johannessen - Established Jakarta-Based Management Consultant

My name is Matias and I am an established international business consultant who delivers excellence to clients across cultural, geographical and sectoral boundaries. I am a Colombian-Norwegian partly educated in North America with a current base in Jakarta, Indonesia. The varied exposure across cultures, languages and sectors gives me a cutting edge in international business with a particular focus on emerging markets, innovation and SME's.

I am an established management consultant with a passion for and experience from working with innovation and entrepreneurship in emerging markets.I am enthusiastic about the potential of mutually beneficial knowledge transfer between SME's and innovators globally. Innovation is my passion and a personal brand of excellence is my tool of choice to navigate my client's challenges and facilitate change. I have work experience from South-East Asia, North America and Europe.

I am interested in opportunities related, but not limited to:

★ Alternative Investments★ Impact Investment Funds★ Renewable Energy SMEs★ Emerging Markets★ Accelerating SME Innovation and Growth★ Capacity Building and Knowledge Transfer

I do my best work as a team leader and as a motivator who leads by example, but am also well versed in self-management techniques as a former day-trader and entrepreneur. I am enthusiastic about using tools and learning about new tools to help manage my own and my team's time, efforts and target achievements.

If you want to contact me for any management consulting inquiries please feel free to do so via LinkedIn.

Please see below some examples of engagements I have influenced and contributed to as a technical adviser and as a management consultant:

I am currently working with the following organisations to support clients in Indonesia and the region:

The Apex Consulting Group

New Ventures Indonesia

As a Management Consultant, I work hard to deliver excellence on a consistent basis. I do however believe that balance is needed to perform at my best. Balance to me means prioritizing the following in my off-time: 

► Family ► Hiking ► Volunteering ► Stock-trading ►Technical Analysis ► Excel ► Fishing ► Skiing ► Reading Books ► Watching movies ► Live Jazz

Wednesday, July 10, 2013

An Introduction

Matias Johannessen - Established Jakarta-Based Management Consultant

Matias Johannessen
★ Genuinely Committed to Continuous Self-Improvement ★ 
Established Jakarta-Based Management Consultant ★

Dear Reader,

I expect to begin posting here soon on topics ranging from my life as a Management Consultant to my love of hiking. For now, please visit my LinkedIn profile for up-to date information about me and my work:

I am happy to accept connection requests on LinkedIn, please see my profile for other ways of contacting me.

Thank you for your interest in my blog.