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Navigating Corporate Politics

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Corporate politics involves formal power structures to informal networks, alliances, and rivalries. It can be a daunting and even frustrating aspect of working in the corporate world, but it’s essential to learn how to navigate these dynamics.

So, the 1st step is to know and understand the power structure within your organization? They are the key decision-makers, influencers, and stakeholders. It’s important to understand how decisions are made, who has the most influence, and how to build relationships with those in positions of power.

Take the time to observe and learn the corporate culture, and pay attention to how power is distributed within your organization. You can gain valuable insights by attending meetings, observing how people interact with one another, and taking note of who is included in decision-making processes.

Once you understand the power structure, you can begin to build strategic relationships with key decision-makers and influencers. Seek to build relationships with those in positions of power to help you gain visibility and advocate for yourself and your ideas.

However, it’s important to approach these relationships strategically and authentically.
Avoid coming across as overly aggressive or inauthentic, as this can damage your reputation and relationships.

Inevitably, there will be conflict and disagreements within any organization. Learning how to manage conflict is an important skill to develop as you navigate corporate politics.

It’s important to approach conflicts with a solution-oriented mind set and to be open to different perspectives. It’s also essential to communicate effectively and to maintain professional relationships, even in the midst of disagreement.

Perception plays a critical role in corporate politics. It’s important to understand how others perceive you and to actively manage your reputation. This means being mindful of your behaviour, communication style, and image. Dress professionally and appropriately for your workplace culture, and pay attention to non verbal cues such as body language and tone of voice. It’s also important to be mindful of your digital footprint.

Remember to navigate corporate politics you must pay keen attention to the power structure, build strategic relationships, learn strategies on how to manage conflict, develop a reputation for integrity, and be mindful of perception in managing your reputation. Until next week!!! Be safe.

Gail Abrahams is a Strategic marketer and communicator with top level experience across a wide range of industries.

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To Be Wise, You Must Be A Reader….Charlie Munger

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How did Munger become the sage that he was? Being a voracious reader played a significant role. Munger viewed reading as necessary for developing wisdom: “In my whole life, I have known no wise people who didn’t read all the time—none, zero. You’d be amazed at how much Warren reads—and how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”

Munger thought reading beyond just one discipline was necessary to become a world-wise person. He noted, “You must know the big ideas in the big disciplines and use them routinely — all of them, not just a few. Most people are trained in one model — economics, for example — and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.” Source for

In Munger’s view, to be a great investor, you’d be better off reading 100 biographies than 100 books about how to invest. The key is to immerse yourself in ideas across disciplines to create your latticework of mental models. He admonished people to “Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”

Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s business partner, died November 28 — less than a month short of his 100th birthday.

Source: John Jennings Forbes Contributor
I write about investments and issues that affect wealthy families.

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Beware Of Making Decisions Based On Predictions of the Future…..Charlie Munger

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Given Berkshire Hathaway’s great success, you’d think that Munger and Buffett had an uncanny ability to predict the future. The opposite is true: A pillar of their success is their ability to admit they cannot predict the future.

Munger has noted that he’s “never been able to predict accurately. I don’t make money predicting accurately. We just tend to get into good businesses and stay there.” Moreover, Munger didn’t place much stock in experts’ predictions either: “People have always had this craving to have someone tell them the future. Long ago, kings would hire people to read sheep guts. There’s always been a market for people who pretend to know the future. Listening to today’s forecasters is just as crazy as when the king hired the guy to look at the sheep guts. It happens over and over and over.” Source for quotes.

I think about Munger’s perspective whenever I’m tempted to click on some investment guru’s prediction about what the stock market will return or the path of interest rates. If Munger and Buffett, two of the greatest investors of all time, don’t think they can predict the future or listen to expert predictions, why should we behave any differently?

Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s business partner, died November 28 — less than a month short of his 100th birthday.

Source: John Jennings Forbes Contributor
I write about investments and issues that affect wealthy families.

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Know The Other Side’s Arguments……Charlie Munger

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Munger cautioned against having an opinion unless you are fully educated on all sides of the issue, which is a specific application of the concept of inversion.

In 2007, Munger gave the commencement speech at the USC School of Law, and in his talk, he warned of “extremely intense ideology because it cabbages up one’s mind.” He told the attendees that whenever he “drifts toward preferring one ideology over another” he forces himself to consider the other side by telling himself, “I’m not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people do who are supporting it. I think only when I reach that stage am I qualified to speak.”

The underlying concept is that it takes work to have an informed opinion, and ideological thinking is lazy thinking. Instead of looking for facts that support your ideological leanings, having a valid opinion involves the often painful task of researching facts that support the other side.

Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s business partner, died November 28 — less than a month short of his 100th birthday.

Source: John Jennings Forbes Contributor
I write about investments and issues that affect wealthy families.

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The Power Of Inversion……Charlie Munger

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“Invert, always invert.” – Carl Jacobi, 19th century mathematician

A compelling mental model Munger espoused is inversion, based on Jacobi’s belief that a powerful way to solve math problems is to restate them in inverse form. Munger’s insight is that inversion is robust beyond mathematics; thinking is clarified by considering issues both forward and backward ways.

Most of us think of our goals in a forward direction, as in, “What do I need to do to accomplish my goal?” But it can be powerful to look at it backward by thinking about what we should do to ensure we won’t meet our objective. For example, if you want to lose weight, instead of just thinking about what you need to do to lose weight, it’s also instructive to ask yourself, “What would I do if I didn’t want to lose weight?” Those things might include not exercising, overeating, avoiding fruits and vegetables, and consuming many highly processed foods loaded with sugar. That inverted list can help you decide how to behave to achieve your goals.

Also, as I wrote in “Five Ways to Be a Terrible Investor,” inversion is a mental model that is valuable in shaping good investment behavior.

Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s business partner, died November 28 — less than a month short of his 100th birthday.

Source: John Jennings Forbes Contributor
I write about investments and issues that affect wealthy families.

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We Always Should Look At Things On A Net Basis.

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“When I elongate the relationship that I have had personally with Dennis and Patrick, and when I think about the relationship that these two gentlemen have had with the organisation, against the background of what we were going through at that moment I said to myself (as I said to Dennis in a WhatsApp chat), ‘We always should look at things on a net basis. You don’t judge a relationship by the ups or the downs in the short run, you look at the net positive over the long run.’ So it was with that in mind I reached out to Patrick,” Lee-Chin noted.

“We’ve had disagreements [in the past] but it was more because we were debating. We’ve never had any emotional angst with each other, never!” he posited.

Michael Lee-Chin, chairman of NCB Financial Group

Source: https://www.jamaicaobserver.com/business/golden-handshake/

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