xi) Importance Of Power

Not understanding the importance of power. Need to understand that the world is not just and that being good at your job is not enough. Furthermore, the relationship between rewards and competence is not strong. What is more important is the ability to project drive and self-confidence; being a pragmatist. Based on work by Jeffrey Pfeffer as quoted by The Economist (2010c), suggests that the way to gain power is by

- choosing the right department, ie the most powerful and/or increasing in importance, eg finance in America, research and development in Germany, etc

- ability to manage upwards

- mastering the art of flattery

- ability to network

- loyalty

- knowing when to leave

One of the keys to keeping power is to understand its corrupting effects. Most powerful people know how to cultivate a combination of paranoia and humility, ie

"... paranoia about how much other people want them out and humility about their own replaceability..."

The Economist, 2010c

Furthermore, powerful people have fewer health problems than people in lower status positions


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