Friday, February 08, 2008

Understanding Extrinsic Value



Last week I wrote a short article on "Understanding Systemic Value", which is basically the foundation of human value. This week let's take a step up the heirarchy and explore the extrinsic value dimension.


How Do You Compare?


Extrinsic value is all about comparison and getting results. In the picture above, the player with the ball has to clearly and quickly compare a number of different options of what to do in his situation. For example, does he just try and hold the ball until he can get support? Or does he try and cut the ball back between the two defenders? Or does he simply just try and clear the ball as quickly as possible?


So in this situation it is about which choice does he make in order to get the best result. Below are a few more points of intersest regarding extrinsic value:


  • this is the dimension of comparison to get desired results

  • extrinsic value answers the questions 'How do I...' and 'What is the best way to...'

  • it is about determining what is relevant within a complex situation

  • seeing the benefit of one's actions

  • includes words such as choices, best option, process, integration (how people work together)

  • Internally it is about role awareness. In other words, what are the roles that you think you need to play in order to get results or accomplish your goals

  • it involves one's attitudes towards team success as well as team failure

  • Internally it involves one's attitude toward their own peak performance and their own poor performance

Below is a sample chart comparing one's strengths and weakness in the extrinsic value: