Category: Learning

The Role of Power and Greed

Corporate maze

I don't desire the end of Wall Street or capitalism in general.  The protests happening in NYC got me thinking.  I heard an interview last evening with a successful wealth creator, who discussed the the difference between an entrepreneur and an opportunist (gambler in many respects).  If I may paraphrase, he said that entrepreneurs create something and thereby create wealth for many.  The opportunists primarily seek to enrich themselves or a few only.

I don't want to overstate my opinion on the impact of power and greed, but those two cousins have often been left unchecked in our world today.  I'm not talking about passing a law to stop them.  But I would like to see the culture of our businesses and the schools address power and greed for what they are.  More progress would come if we stopped ignoring it. 

Many an organization (profit and non-profit) have entered into something with good intentions, only to find themselves the slave to a hideous master.  Namely, power and greed.  Never forget that power and greed are living, breathing things.  They have a desire to rule you and the culture (work, politics, etc.).  The question is whether you will let it and what will you do to control it.

Has anyone in your organization ever sat down with you and discussed how to handle power and greed, before there was a problem?  I often wonder that about Wall Street and those who lead there.  If you're a part of most organizations the answer is no.  I think its important enough to evaluate and discuss, considering how impactful it is on other human beings.

We Need the Real Problem Solvers

The need for solving problems seems so obvious in our current environment.  But I'm amazed how far away that concept is for many.  Whether it's the job hunter or the board member of a non-profit, it seems like the idea of solving problems is rather foreign.  Now, I know we talk a lot about solving problems, but I'm referring to the talking and the doing.  I know this is hard to do in my country.  We've gotten a little soft on real problem solving.  Many are still operating as if we were still in the industrial age.

There needs to be a changing of the lens we use.  So put on a different pair of glasses and build the habit of being a problem solver.  You'll be glad you did, and so will the people and organizations waiting for your solutions.

The Loss and the Gain

As painful as it may sound, and potentially feel, being in a position where you have nothing to lose is a pretty inspired place to be.  I'll give you one caveat with that; it is a relative exercise.  In other words, your place of nothing to lose could look different than mine.

The following is a clip from Inc  They did a fabulous job featuring Ryan Blair, the author or Nothing to Lose, Everything to Gain.  He has a perspective that I "get."  Take the time to watch and see if he doesn't make you think through your own perspective on how you view losses and gains.


 

My big take-away from Ryan's talk is you don't want to be in the middle.  It's a vulnerable place to be.  If you're not careful you'll wake up and find you're a slave to multiple things (job, money, power, etc.).  And remember, there are people who don't make a lot of money, don't have prestigious titles, don't get promoted, who are very wealthy.

Manage your life well!

 

Would You Be Willing?

Some key thoughts on well-being and the choices that connect:

Would you be willing to let work play a smaller role in your actions and thinking, if it meant you could devote more of you to your family?

Would you be willing to make less money, if it meant you would be better able to manage the stresses of life?

Would you be willing to spend less time on watching and following sports, if it meant you could use that time to volunteer in your community?

Would you be willing to change your diet, if it meant you could add 5 years to your life expectancy?

Would you be willing to take a class on communication, if it meant you would have a better relationship with your spouse or partner?

It comes down to your choices.  Your life will, and does, reflect that.

Trust Built on Pain

Have you used your experiences with pain (heartache, disappointment, failure) to build trust with your followers?  Do they know where you've hurt?

As crazy as it may seem, it's our experiences with pain that build trust.

It's the "I don't have to look over my shoulder" variety.  So many people/clients/organizations are searching for this even if they don't know it.

Show them the way.

Life Currency

In my post last week on the new net-worth, I challenged you to look at net-worth in a different way.  I even went as far as to say your life depends on it (in so many ways).

An important thing to keep in-mind is the currency each of us is given in the following 8 areas.  Call it life currency:

Wheel of Life 
The currency is with you all of the time, if you haven't declared bankruptcy in any of the areas yet.  The irony is you can invest this currency in any way you like.  You can be foolish or wise, greedy or giving the choice is yours.

So what if you you awoke tomorrow and no one was interested in your career currency or your money currency?  How would your fair?  Could you find any currency in your family account or your physical account?

My words could fly in the face of what you hold dear (like your career or social).  And in many facets, you won't get any encouragement from your investment house (as in the money variety) or family.  You might get objections like "what about your retirement" or "how are you going to support your wife and kids?"  Hopefully, you noticed that I've never advocated you ignore those.  I am asking you to do just the opposite.  

Pay close attention to each of the 8 areas. 

The idea here is to adopt integration-every day.  Starting small and moving to the big and great.