1 00:00:16,850 --> 00:00:20,738 Klaus Reichert: Rolf Kunisch, Mr. Kunisch 2 00:00:20,738 --> 00:00:24,506 Whoever is acquainted with Mr. Kunish, 3 00:00:24,506 --> 00:00:31,088 knows that he doesn't like to be in the spotlight. 4 00:00:31,088 --> 00:00:33,274 But what happened, 5 00:00:33,274 --> 00:00:36,081 was that whether he was self motivated 6 00:00:36,081 --> 00:00:38,778 or persuaded by others, 7 00:00:38,778 --> 00:00:40,776 it is a very interesting phenomenon 8 00:00:40,776 --> 00:00:42,866 and it transpired by itself. 9 00:00:42,866 --> 00:00:47,868 The fascinating thing that I've heard about him, 10 00:00:47,868 --> 00:00:51,811 is that for him, his work, his company, 11 00:00:51,811 --> 00:00:56,235 and his products were the very focal point. 12 00:00:56,235 --> 00:01:00,836 Mr. Kunisch has made some very significant moves in his life 13 00:01:00,836 --> 00:01:03,416 and my impression is 14 00:01:03,416 --> 00:01:12,599 that he is a person who had a very large team of people 15 00:01:12,599 --> 00:01:17,799 behind, next to, and under him 16 00:01:17,799 --> 00:01:23,328 to whom he gave clear leadership. 17 00:01:23,328 --> 00:01:31,208 In doing so, he has this energy that he puts into his team, the individuals, 18 00:01:31,208 --> 00:01:35,900 so that they don't go off in all directions, but are channeled 19 00:01:35,900 --> 00:01:40,280 towards one goal, towards one outcome. 20 00:01:40,280 --> 00:01:47,617 I believe that he, as leader of the team, has shown them the way. 21 00:01:47,617 --> 00:01:50,579 That he contributed to the welfare of the group, the company, 22 00:01:50,579 --> 00:01:52,769 the product, the stakeholders 23 00:01:52,769 --> 00:01:56,004 -- not to cozy up to them -- 24 00:01:56,004 --> 00:02:01,794 but for other reasons. 25 00:02:01,794 --> 00:02:04,555 I am very pleased to now introduce Mr. Kunisch, 26 00:02:04,556 --> 00:02:06,903 and offer him the stage. 27 00:02:06,903 --> 00:02:09,728 Rolf Kunish: Good morning. 28 00:02:09,728 --> 00:02:13,944 I want to speak with you about choices. 29 00:02:13,944 --> 00:02:18,829 Not about power or drive, but about choices. 30 00:02:18,829 --> 00:02:25,509 Choices that perhaps can drive you. 31 00:02:25,509 --> 00:02:29,864 The first choice I'm going to talk about is the decision to speak here. 32 00:02:29,864 --> 00:02:32,609 This wasn't actually my choice, 33 00:02:32,609 --> 00:02:36,328 but rather Mr. Reichert's choice 34 00:02:36,328 --> 00:02:38,148 as he talked me into it. 35 00:02:38,148 --> 00:02:39,816 (Laughter) 36 00:02:39,816 --> 00:02:44,194 I didn't really want to give any more speeches, 37 00:02:44,194 --> 00:02:46,436 at least not in public, 38 00:02:46,436 --> 00:02:49,696 because in April of this year 39 00:02:49,696 --> 00:02:52,696 when I turned 70, I said: 40 00:02:52,696 --> 00:02:55,611 After 70, you shouldn't have to speak in public anymore. 41 00:02:55,611 --> 00:02:57,490 You shouldn't have to dress up. 42 00:02:57,490 --> 00:03:00,924 You should only have to look after your family and your grandchildren. 43 00:03:00,924 --> 00:03:04,493 I held onto this position until today. 44 00:03:04,493 --> 00:03:08,468 I'll give it a go once again. 45 00:03:08,468 --> 00:03:12,283 I am, if you will -- it always sounds a bit funny -- 46 00:03:12,283 --> 00:03:16,375 what you would call "a PIP." 47 00:03:16,375 --> 00:03:19,062 You know what a VIP is: 48 00:03:19,062 --> 00:03:20,989 Very Important Person, 49 00:03:20,989 --> 00:03:23,064 and I am the next generation 50 00:03:23,064 --> 00:03:25,946 and that is Previously Important Person. 51 00:03:25,946 --> 00:03:26,888 (Laughter) 52 00:03:26,888 --> 00:03:30,510 You can recognize us because every phrase, 53 00:03:30,510 --> 00:03:34,952 every sentence begins with the words: 54 00:03:34,952 --> 00:03:38,368 "Don't you know how important I was?" 55 00:03:38,368 --> 00:03:41,132 And no one is interested in that. 56 00:03:41,132 --> 00:03:46,001 But you have to learn this. 57 00:03:46,001 --> 00:03:52,146 And being willing to learn this is a an individual choice. 58 00:03:52,146 --> 00:03:55,843 Mr. Reichert very nicely said: 59 00:03:55,843 --> 00:04:00,063 "When you have been the head of a MDAX company, 60 00:04:00,063 --> 00:04:03,333 then you have something to give back, to pass on." 61 00:04:03,333 --> 00:04:05,750 And he hit a nerve there, 62 00:04:05,750 --> 00:04:08,510 because the question of choices is: 63 00:04:08,510 --> 00:04:10,794 How do you find your choices? 64 00:04:10,794 --> 00:04:13,057 How do you know when it's not a choice? 65 00:04:13,057 --> 00:04:15,626 What does a choice mean? 66 00:04:15,626 --> 00:04:17,393 This is extremely important. 67 00:04:17,393 --> 00:04:19,269 Not only in your work life, 68 00:04:19,269 --> 00:04:21,745 but also in your private life. 69 00:04:21,745 --> 00:04:23,709 I wanted to tell you something about this 70 00:04:23,709 --> 00:04:25,986 and perhaps also pose the question: 71 00:04:25,986 --> 00:04:27,666 How can you learn this? 72 00:04:27,666 --> 00:04:31,174 How can you learn to decide, 73 00:04:31,174 --> 00:04:35,936 and how can you unlearn to decide? 74 00:04:35,936 --> 00:04:39,570 This is what I'd like to talk with you about. 75 00:04:42,480 --> 00:04:44,892 I am not allowed to advertise, 76 00:04:45,054 --> 00:04:48,847 but I sat in this building at the top right for 15 years. 77 00:04:49,640 --> 00:04:52,230 This is taken from the Web and so is not confidential. 78 00:04:52,230 --> 00:04:54,405 [Picture of Beiersdorf Headquarters] 79 00:04:54,405 --> 00:04:56,977 Also I don't have any intention to promote products, 80 00:04:56,977 --> 00:04:59,521 but I'll show you one of the leading products 81 00:04:59,521 --> 00:05:02,796 so that you have seen it. 82 00:05:08,016 --> 00:05:11,419 Beiersdorf is a small scale company. 83 00:05:11,419 --> 00:05:16,093 It is the smallest worldwide consumer goods corporation. 84 00:05:16,093 --> 00:05:18,370 It has sales on the order of six billion Euro, 85 00:05:18,370 --> 00:05:21,718 four billion of which come from the Nivea brand. 86 00:05:21,718 --> 00:05:25,515 Nivea exists in every country in the world. 87 00:05:25,515 --> 00:05:32,568 We have about 70 - 80 subsidiaries across the world, 88 00:05:32,568 --> 00:05:35,756 I have spent a lot of time traveling. 89 00:05:35,756 --> 00:05:40,546 But I have also spent time now and then with decision making. 90 00:05:40,546 --> 00:05:47,001 The big question is: how do you get to the top? 91 00:05:47,201 --> 00:05:49,557 I want to make it brief, 92 00:05:49,557 --> 00:05:52,496 but you need to know about a couple of important choices. 93 00:05:52,496 --> 00:05:57,518 The first big choice in my life was not: "get to the top." 94 00:05:57,558 --> 00:06:00,043 The first big choice was 95 00:06:00,043 --> 00:06:04,124 that in 1953 I decided that 96 00:06:04,124 --> 00:06:06,759 I needed to have a Mercedes. 97 00:06:06,759 --> 00:06:10,508 In 1953 it wasn't very common to have a Mercedes. 98 00:06:10,508 --> 00:06:13,119 There was only one person in our area who had one. 99 00:06:13,119 --> 00:06:14,938 He was a director of a factory, 100 00:06:14,938 --> 00:06:17,337 a rather small factory, as I know today. 101 00:06:17,337 --> 00:06:18,701 But he had a Mercedes. 102 00:06:18,701 --> 00:06:20,224 And that was awesome. 103 00:06:20,224 --> 00:06:21,800 Why is that significant here? 104 00:06:21,800 --> 00:06:23,692 Because it's a fundamental way of life. 105 00:06:23,692 --> 00:06:25,193 Not everyone has to emulate it, 106 00:06:25,193 --> 00:06:27,074 it was very materialistic, 107 00:06:27,074 --> 00:06:29,710 and you can only understand it when you know 108 00:06:29,710 --> 00:06:33,610 how crappy the world still was in 1953. 109 00:06:33,940 --> 00:06:37,510 When I started school, there was no currency, 110 00:06:37,517 --> 00:06:39,802 just wheeling and dealing with cigarettes. 111 00:06:39,802 --> 00:06:42,597 When I turned seven, the D-Mark came along, 112 00:06:42,597 --> 00:06:45,724 and suddenly you could buy stuff with paper. 113 00:06:45,724 --> 00:06:48,715 That was an entirely new experience for us. 114 00:06:48,715 --> 00:06:52,097 Though to say, "I want a Mercedes," sounds trivial, 115 00:06:52,097 --> 00:06:54,475 it is indeed an important choice. 116 00:06:54,475 --> 00:06:56,893 On the road to the top 117 00:06:56,893 --> 00:06:59,893 the obvious first choice to my family 118 00:06:59,893 --> 00:07:02,537 was that I should become a lawyer, like everyone else. 119 00:07:02,537 --> 00:07:04,552 I should study in Marburg 120 00:07:04,552 --> 00:07:07,100 because tuition was free -- I am North Hessian. 121 00:07:07,100 --> 00:07:10,279 Well then you can go into the same fraternity as your father. 122 00:07:10,279 --> 00:07:14,062 So everything was fixed and predetermined. 123 00:07:14,132 --> 00:07:17,430 When I was 16 - 17 years old I went through the normal rebellion, 124 00:07:17,430 --> 00:07:20,376 and said, "I want to do something different." 125 00:07:20,376 --> 00:07:21,968 That wasn't so easy at that time, 126 00:07:21,968 --> 00:07:24,480 because outside of Marburg there was only Giessen. 127 00:07:24,480 --> 00:07:25,892 Kassel wasn't there, 128 00:07:25,892 --> 00:07:28,446 and, thank God, Darmstadt. 129 00:07:28,446 --> 00:07:30,088 Darmstadt had the advantage 130 00:07:30,088 --> 00:07:32,012 that is was a long way away from Arolsen 131 00:07:32,012 --> 00:07:34,750 and I would be 200 km away from home. 132 00:07:34,750 --> 00:07:37,426 That's how I decided to go to Darmstadt 133 00:07:37,426 --> 00:07:39,572 to become an industrial engineer. 134 00:07:39,572 --> 00:07:41,988 At that time nobody knew what that was. 135 00:07:41,988 --> 00:07:43,919 Today a couple of people know. 136 00:07:43,919 --> 00:07:46,656 Back then it was quite new and I thougt that was great. 137 00:07:46,656 --> 00:07:48,217 I had no idea what it was 138 00:07:48,217 --> 00:07:49,881 but the name was so great 139 00:07:49,881 --> 00:07:51,557 that I have continued to use it. 140 00:07:51,557 --> 00:07:54,998 After I'd been saying for two years, "I'll be an industrial engineer," 141 00:07:54,998 --> 00:07:56,132 I finally had to do it. 142 00:07:56,132 --> 00:07:59,116 That's how I went to Darmstadt, and not to Marburg. 143 00:07:59,336 --> 00:08:01,982 It is a relatively difficult choice for someone that age 144 00:08:01,982 --> 00:08:04,669 to rebel and go against their family, 145 00:08:04,669 --> 00:08:06,934 but not unheard of. 146 00:08:06,934 --> 00:08:09,481 The second choice was substantially more difficult. 147 00:08:09,481 --> 00:08:12,335 At that time I was an assistant at the University in Cologne 148 00:08:12,335 --> 00:08:17,862 and should have and wanted to follow a scientific career path. 149 00:08:17,862 --> 00:08:22,648 But I earned a salary of 1024 D-Mark. 150 00:08:22,648 --> 00:08:25,351 My apartment cost me 500 D-Mark. 151 00:08:25,351 --> 00:08:27,726 And my wife was pregnant. 152 00:08:27,726 --> 00:08:29,369 It was easy to see 153 00:08:29,369 --> 00:08:32,825 that 1024 D-Mark was not going to make it. 154 00:08:32,825 --> 00:08:35,502 Then I bumped into an advertisement from Procter & Gamble 155 00:08:35,502 --> 00:08:37,644 that asked in the headline, 156 00:08:37,644 --> 00:08:39,471 "Do you want to earn a lot of money?" 157 00:08:39,471 --> 00:08:40,992 I liked that. 158 00:08:40,992 --> 00:08:44,060 (Laughter) 159 00:08:44,060 --> 00:08:45,648 So then I started working 160 00:08:45,648 --> 00:08:49,134 at Proctor & Gamble, a company that was totally unknown at that time. 161 00:08:49,134 --> 00:08:51,478 At that time they had the Rei plants. 162 00:08:55,428 --> 00:08:59,700 Procter & Gamble was the marketing school of the nation, 163 00:08:59,700 --> 00:09:01,030 even in America. 164 00:09:01,030 --> 00:09:03,615 If someone wanted something, 165 00:09:03,615 --> 00:09:05,770 he went to Procter & Gamble 166 00:09:05,770 --> 00:09:08,542 to learn marketing and then would go somewhere else. 167 00:09:08,542 --> 00:09:11,181 It sounds absurd but there are plenty of examples. 168 00:09:11,181 --> 00:09:15,403 Jeff Immelt from General Electric was an assistant there, 169 00:09:15,403 --> 00:09:19,855 and Margaret Whitman, who is now with Hewlett Packard 170 00:09:19,866 --> 00:09:21,103 was also there. 171 00:09:21,103 --> 00:09:23,019 Thus, it was the school of the nation. 172 00:09:23,019 --> 00:09:26,222 It was great and I worked my way up to product manager, 173 00:09:26,222 --> 00:09:29,820 first in Germany and then in the USA. 174 00:09:29,820 --> 00:09:31,666 The third choice was in 1989, 175 00:09:31,666 --> 00:09:35,747 when Procter & Gamble relocated me to the Soviet Union. 176 00:09:35,747 --> 00:09:37,901 I figured out pretty fast 177 00:09:37,901 --> 00:09:40,803 that that was really not my thing. 178 00:09:40,803 --> 00:09:44,243 Especially since my knowledge of Russian is very limited. 179 00:09:44,243 --> 00:09:48,296 But I was General Manager for Eastern Europe and the Soviet Union. 180 00:09:48,296 --> 00:09:52,165 Then a headhunter reached out to me and said 181 00:09:52,165 --> 00:09:56,117 he wanted to offer me a job at Beiersdorf. 182 00:09:56,117 --> 00:09:58,723 After that, I went to Beiersdorf 183 00:09:58,723 --> 00:10:03,565 and was there for the past 15 years. 184 00:10:13,885 --> 00:10:15,729 The most important decision 185 00:10:15,729 --> 00:10:19,618 I had to make in my time with Beiersdorf 186 00:10:19,618 --> 00:10:24,445 was the question: do we sell the company to Procter & Gamble or not? 187 00:10:24,445 --> 00:10:27,114 That was ten years ago. 188 00:10:27,854 --> 00:10:30,996 Here are the headlines from that time. 189 00:10:38,186 --> 00:10:40,433 [Taking over Beiersdorf won't be easy: Kunisch] 190 00:10:40,433 --> 00:10:44,573 It says here, "Kunisch would make it difficult for anyone 191 00:10:44,573 --> 00:10:48,693 to take over Beiersdorf." 192 00:10:48,693 --> 00:10:50,793 That was a very difficult decision. 193 00:10:50,793 --> 00:10:52,403 I knew Procter & Gamble, 194 00:10:52,403 --> 00:10:55,248 and that when Procter & Gamble wants to buy a company, 195 00:10:55,248 --> 00:10:57,586 they buy it. 196 00:10:57,586 --> 00:11:01,337 There is not a single case where they had failed at this. 197 00:11:01,337 --> 00:11:05,236 The question that my wife and I had to answer, was: 198 00:11:05,236 --> 00:11:09,602 Can we fight back, though there is a high probability of failure? 199 00:11:09,602 --> 00:11:12,887 Or do we go along, 200 00:11:12,887 --> 00:11:16,822 with the high probability of earning a lot of money? 201 00:11:16,822 --> 00:11:19,373 That is a very difficulty decision. 202 00:11:19,373 --> 00:11:23,022 Thank God that Beiersdorf is still independent today. 203 00:11:23,022 --> 00:11:26,275 And Beiersdorf stayed independent, 204 00:11:26,275 --> 00:11:27,871 not on my account, 205 00:11:27,871 --> 00:11:29,969 but rather the city of Hamburg stepped in 206 00:11:29,969 --> 00:11:33,373 and laid one billion Marks on the table and bought it. 207 00:11:33,373 --> 00:11:35,069 That was a good investment 208 00:11:35,069 --> 00:11:38,307 because today Beiersdorf continues to be a solid taxpayer in Hamburg. 209 00:11:38,307 --> 00:11:40,114 That wouldn't be the case otherwise. 210 00:11:40,114 --> 00:11:42,332 An extremely difficult decision. 211 00:11:42,542 --> 00:11:45,146 And my last choice was, 212 00:11:45,146 --> 00:11:46,697 as I indicated earlier: 213 00:11:46,697 --> 00:11:49,382 When do I voluntarily quit? 214 00:11:49,382 --> 00:11:50,764 This is also difficult 215 00:11:50,764 --> 00:11:54,121 because when all of a sudden you are no longer truly important, 216 00:11:54,121 --> 00:11:56,939 then you have a problem with that. 217 00:11:56,939 --> 00:12:00,176 Decision making, ladies and gentlemen, 218 00:12:00,176 --> 00:12:03,385 is an extremely challenging subject. 219 00:12:03,385 --> 00:12:05,787 Why is it so difficult? 220 00:12:05,787 --> 00:12:07,797 You know the extremes: 221 00:12:07,797 --> 00:12:11,465 We speak colloquially about the burden of choice, 222 00:12:11,465 --> 00:12:15,625 or we concede the decision making to others. 223 00:12:15,625 --> 00:12:19,104 It is neither one nor the other. 224 00:12:19,104 --> 00:12:20,838 It is, in my opinion, 225 00:12:20,838 --> 00:12:25,442 a necessity, to define our life. 226 00:12:25,442 --> 00:12:28,338 Sometimes we have to decide this. 227 00:12:28,338 --> 00:12:31,006 And it's hard. 228 00:12:31,006 --> 00:12:35,507 Because once you've made a decision, your options are eliminated. 229 00:12:35,507 --> 00:12:39,695 And we like to live with options. 230 00:12:39,695 --> 00:12:42,621 We like to leave things open. 231 00:12:42,621 --> 00:12:45,747 Making the decision ends that, 232 00:12:45,747 --> 00:12:48,009 and that is what makes it so difficult. 233 00:12:48,009 --> 00:12:51,761 Saying, "Yes" is relatively easy. 234 00:12:51,761 --> 00:12:54,524 Saying, "No" is extremely hard, 235 00:12:54,524 --> 00:12:56,728 but extremely important. 236 00:12:57,638 --> 00:13:01,148 The best example is marriage, 237 00:13:01,148 --> 00:13:02,513 as the motto says, 238 00:13:02,513 --> 00:13:04,260 "You can't marry all of them." 239 00:13:04,260 --> 00:13:07,583 So that means a commitment. 240 00:13:07,583 --> 00:13:11,267 And we don't like commitments. 241 00:13:11,267 --> 00:13:14,135 Which is why the modern media allows us 242 00:13:14,135 --> 00:13:17,090 to no longer make commitments, 243 00:13:17,090 --> 00:13:21,870 that is, everything that you do today, with chats, etc. 244 00:13:21,870 --> 00:13:23,709 A very simple example: 245 00:13:23,709 --> 00:13:25,753 Where do we want to go tonight? 246 00:13:25,753 --> 00:13:27,832 What are we going to do tonight? 247 00:13:27,832 --> 00:13:29,941 This is a topic that today you wait 248 00:13:29,941 --> 00:13:32,941 until seven or eight o'clock in the evening to discuss 249 00:13:32,941 --> 00:13:35,978 before you decide. 250 00:13:35,978 --> 00:13:37,603 A long time ago it was different. 251 00:13:37,603 --> 00:13:41,341 A long time ago you would call on the telephone, 252 00:13:41,341 --> 00:13:45,457 but this continuous information, 253 00:13:45,457 --> 00:13:49,642 this always-being-available, didn't exist earlier. 254 00:13:49,642 --> 00:13:52,769 When my first daughter wanted to use the telephone 255 00:13:52,769 --> 00:13:54,834 there was one telephone in the house. 256 00:13:54,834 --> 00:13:57,038 It was in a clear, visible place. 257 00:13:57,038 --> 00:13:58,607 When you wanted to make a call 258 00:13:58,607 --> 00:14:00,115 you had to go to the phone 259 00:14:00,115 --> 00:14:01,864 and the whole family could hear 260 00:14:01,864 --> 00:14:03,502 what you said. 261 00:14:03,502 --> 00:14:05,082 It was uncomfortable. 262 00:14:05,082 --> 00:14:06,890 The second daughter had more luck. 263 00:14:06,890 --> 00:14:09,107 By then we had a cordless phone, 264 00:14:09,107 --> 00:14:11,777 you probably don't know the term anymore, 265 00:14:11,777 --> 00:14:14,888 and you could go into your own room 266 00:14:14,888 --> 00:14:17,125 when the reception was strong enough 267 00:14:17,125 --> 00:14:19,077 and the door was not closed all the way. 268 00:14:19,077 --> 00:14:20,775 But you could retreat. 269 00:14:20,775 --> 00:14:23,461 An entirely different quality of engagement. 270 00:14:23,461 --> 00:14:25,008 Then came the mobile phones, 271 00:14:25,008 --> 00:14:28,837 and today obviously the chat options and the internet 272 00:14:28,837 --> 00:14:32,020 being connected simultaneously with so many, 273 00:14:32,020 --> 00:14:34,625 without their parents knowing. 274 00:14:35,005 --> 00:14:39,753 Back to the very simple question, "What are we doing tonight?" 275 00:14:39,753 --> 00:14:43,139 Where as before you had to decide earlier in the day, 276 00:14:43,139 --> 00:14:46,366 now you don't have to decide until seven o'clock in the evening. 277 00:14:46,366 --> 00:14:48,195 This is something that is helping us 278 00:14:48,195 --> 00:14:51,023 to forget how to make decisions. 279 00:14:51,023 --> 00:14:53,868 And my point here is: 280 00:14:53,868 --> 00:14:57,331 make an effort to -- I will say a few more words about this -- 281 00:14:57,331 --> 00:15:00,944 endeavour to make the decisions 282 00:15:00,944 --> 00:15:03,092 even when it hurts. 283 00:15:03,092 --> 00:15:07,897 I'm going to use the economy as an illustration. 284 00:15:07,897 --> 00:15:10,750 There you have to make decisions. 285 00:15:10,750 --> 00:15:14,997 In addition you have to be clear. 286 00:15:14,997 --> 00:15:17,288 We call this strategy. 287 00:15:17,288 --> 00:15:20,502 It is very simple -- make a plan to reach a goal 288 00:15:20,502 --> 00:15:23,752 and you have to consider what will lead to the goal. 289 00:15:23,752 --> 00:15:26,933 You develop options for the strategy, 290 00:15:26,933 --> 00:15:29,828 such as, "Where am I strong? Where is my company strong? 291 00:15:29,828 --> 00:15:31,683 Where are the others weak?" 292 00:15:31,683 --> 00:15:35,446 Then you choose which are the strongest aspects. 293 00:15:35,446 --> 00:15:40,492 And the choices that contribute to the strongest aspects 294 00:15:40,492 --> 00:15:43,165 help to reinforce them, 295 00:15:43,165 --> 00:15:45,907 and these then are the decisions. 296 00:15:45,907 --> 00:15:49,586 That means you need to set a benchmark for the decisions. 297 00:15:50,746 --> 00:15:53,058 It is a choice between alternatives. 298 00:15:53,058 --> 00:15:56,682 We're not talking about emotional choices, 299 00:15:56,682 --> 00:15:59,556 which are also important. I cannot speak to these. 300 00:15:59,556 --> 00:16:01,704 These choices you must make yourself, 301 00:16:01,704 --> 00:16:04,246 but there are rational decisions. 302 00:16:04,246 --> 00:16:07,949 And the guideline for these rational decisions, 303 00:16:07,949 --> 00:16:12,342 your strategy, you must take from your end goal. 304 00:16:12,342 --> 00:16:15,112 My suggestion to you is 305 00:16:15,112 --> 00:16:16,803 that you consider for yourself, 306 00:16:16,803 --> 00:16:19,239 not every day, but maybe every three - four months: 307 00:16:19,239 --> 00:16:20,823 Where do I really want to go? 308 00:16:20,823 --> 00:16:22,820 Where are my strengths? 309 00:16:22,820 --> 00:16:25,718 What are my weaknesses? 310 00:16:25,718 --> 00:16:28,499 How will I be seen from outside? 311 00:16:28,499 --> 00:16:30,935 How will I see myself? 312 00:16:31,255 --> 00:16:34,500 All of these are strategic questions for your personal life, 313 00:16:34,500 --> 00:16:36,408 for your future. 314 00:16:36,408 --> 00:16:38,931 You must choose 315 00:16:38,931 --> 00:16:40,609 and then you must evaluate. 316 00:16:40,609 --> 00:16:42,758 What is actually, really important to me? 317 00:16:42,758 --> 00:16:44,296 That is the hardest part. 318 00:16:44,296 --> 00:16:46,910 What is really important to me? 319 00:16:46,910 --> 00:16:48,541 When you have figured that out 320 00:16:48,541 --> 00:16:51,652 then you can align your choices with that. 321 00:16:51,652 --> 00:16:53,131 Back to my example: 322 00:16:53,131 --> 00:16:55,179 When the Mercedes is really important to you 323 00:16:55,179 --> 00:16:57,505 you have to earn money and you have to say, 324 00:16:57,505 --> 00:17:00,910 I'll take on some hardships in order to earn money, 325 00:17:00,910 --> 00:17:03,019 to earn a lot of money. 326 00:17:03,019 --> 00:17:05,406 You can also practice making choices. 327 00:17:05,406 --> 00:17:08,217 When you sit down on Monday morning once a week 328 00:17:08,217 --> 00:17:10,991 and ask: What do I want to accomplish this week? 329 00:17:10,991 --> 00:17:14,053 And then sit down on Friday and see: What did I accomplish? 330 00:17:14,053 --> 00:17:16,462 Then there are different possibilities. 331 00:17:16,462 --> 00:17:18,304 If you didn't accomplish anything, 332 00:17:18,304 --> 00:17:21,404 then either your goal wasn't right or it wasn't important, 333 00:17:21,404 --> 00:17:23,650 or you weren't honest with yourself. 334 00:17:23,650 --> 00:17:25,894 If you accomplished everything, 335 00:17:25,894 --> 00:17:27,871 the same can be said from the other side. 336 00:17:27,871 --> 00:17:32,000 Meaning, you must consider the question: What do I want accomplish in this week, 337 00:17:32,000 --> 00:17:35,607 in this year, in this life? 338 00:17:35,607 --> 00:17:38,747 What is actually, really important to me? 339 00:17:38,747 --> 00:17:43,172 and then take action based on this framework. 340 00:17:43,172 --> 00:17:45,742 I'd like to invite you to do this. 341 00:17:45,742 --> 00:17:47,651 Begin on Monday morning, 342 00:17:47,651 --> 00:17:50,070 to consider what you're going to do tonight. 343 00:17:50,070 --> 00:17:51,507 It is very simple, 344 00:17:51,507 --> 00:17:54,905 and will lead you, in the long run, to consider: 345 00:17:54,905 --> 00:17:57,776 What am I? What do I want to be? 346 00:17:57,776 --> 00:18:01,411 What do I want to accomplish or not accomplish? 347 00:18:01,411 --> 00:18:02,916 Those are you choices. 348 00:18:02,916 --> 00:18:08,013 Accordingly, in the words of Goethe, 349 00:18:08,013 --> 00:18:11,105 the decision is great and important, 350 00:18:11,105 --> 00:18:13,198 but the execution of it is equally critical. 351 00:18:13,198 --> 00:18:17,000 Otherwise it remains thought simulation. 352 00:18:18,500 --> 00:18:21,805 You need decisions 353 00:18:21,805 --> 00:18:23,929 in order to move beyond the mental exercise 354 00:18:23,929 --> 00:18:26,362 and enter into actual life. 355 00:18:26,362 --> 00:18:27,333 Thank you very much. 356 00:18:27,333 --> 00:18:29,753 (Applause)