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Welcome to the belivernomics blog

 

I will try my best to update this webpage with  thought provoking and interesting content, as often as I can.  Please feel free to leave comments as  there is much that can be learnt from the sharing of ideas.

By pa360, Jan 6 2015 06:04AM

Trust is the most precious and tangible of 'social commodities'. We all know it when we see it and we know it when we feel it. Our approach to trust is often contradictory. At times we extend lines of trust without even giving it a second thought and at other times we are cautious, deliberate and painstaking in our approach.


In the name of trust we enter planes, trains and automobiles, handover money to financial institutions for safe keeping and place our confidence in the logic of software to bring information to our finger-tips. Trust also fuels the economic activity of nations making it possible to trade, extend credit, attract investment and create wealth. Our levels of trust both great and small are driven by our belief. The greater the belief the greater the trust. Let's be clear, no-one knowingly hands over their worldly goods to a fraudster.


Trust is also dynamic. It knows no distance and no borders and operates across cultures and demographics. To a lesser or greater extent, our entire lives are mortgaged on trust.


Now, transpose this image to yourself. A high-performing personal economy and a strong personal brand generates trust. The stronger your brand the greater the trust. But there is also another angle to this, which is that people who trust us (whether friends, relatives, employers or those we may not even know) are essentially our investors and shareholders.


These people who may or may not know us, invest and hold a stake in our brand, in anticipation of an outcome. They do so in much the same way as one who buys shares in publicly listed company, expecting a return on their investment. Just as one would not buy junk stock, neither would many willingly place their trust in a low value or junk brand.


Trust, therefore is the dividend of a high-performing personal economy and strong brand. To acknowledge this is to better understand how 'social commodities' affect our lives and use this insight to navigate a clearer pathway to the market-place of opportunity.


By pa360, Jan 3 2015 09:24AM

When you think of the word 'economy' what are the thoughts that come to mind? Gross Domestic Product (GDP)? Interest rates? Inflation? Job creation. I suspect that you think of all of the above indices plus others.


But do you also recognise yourself as an 'economy'?


I doubt that most people consciously recognise themselves as economies - I know that for most of my working life, I certainly didn't see myself that way. Instead I suspect that most people recognise themselves as individuals within economies or (in the worse case scenario) at the mercy of economies.


I use the word 'recognise' on purpose, because recognition is the first stage in acknowledgement. I may recognise something but fail to acknowledge it through my actions. To acknowledge therefore, is to consciously respond to that which I recognise.


This kind of insight is not new. I think it was Margaret Thatcher, who once said: "Any woman who understands the problems of running a home will be nearer to understanding the problems of running a country". This is because at a fundamental level, our personal economy functions much as our national (macro) economy does.


In simple terms, our belief fuelled by aspiration and ambition, provides the stimulus and optimism to drive our personal economy forward. Meanwhile, the standards that we adhere to (through repetition and behaviour) provide the structure of our economic model, deliver productive output and establish our personal brand or currency. A strong brand provides greater spending power in the market place of opportunity. This in turn boosts our personal GDP, which could be measured in terms of greater personal satisfaction, sense of well being, increased income or recognition by others.


Implicit in this simple logic is the realisation that: if you have the right economic model, you will be well placed to fully maximise your economic potential. So much so that that even in times of economic recession, at national level, your personal economy should continue to experience sustained growth and prosperity.


Of course the flip side of that coin is that if your personal economy is not set up right, even in times of sustained growth and prosperity at national level, it is likely to underperform or worse.


Everyone is an economy. Your belief fuels that economy and provides the basis for a positive economic outlook.

By pa360, Jan 2 2015 04:03PM

I have just uploaded a presentation on 'dynamic communication' on this website. The main message is that, as individuals, we need to look at everything we do as a means of communication. If we do, we will be better able to harness the power of communication to transform our personal economy, increase access to opportunity and improve prospects for success.


As individuals, we communicate as much though non verbal as through verbal methods. Our choice of friends for example, is a form of non verbal communication that speaks to our judgement, character and maturity. Depending on the sorts of choices we make, those near and around us will form opinions and draw conclusions about us. The point about dynamic communication therefore is that we are always saying something even when we think otherwise.


There is good and bad news for us here. The good news is that if we communicate consistency, positivity, assuredness and good judgement, those near and around us are more likely to respond with confidence in us and loyalty towards us. By contrast if we communicate inconsistency, unreliability, negativity and poor judgement those near and around us are likely to respond with lack of confidence and mistrust..


Communicating desirable qualities boosts your personal brand and increases your spending power in the market place of opportunity.


All of the components of your personal economy are vehicles for effective communication - your belief system, goals and standards all speak volumes about what you stand for as a person and the things that motivate and inspire you. Similarly, the choices you make, the behaviours you exhibit and even the way in which you access opportunity are strong visual indicators of the belief and value system that underpin your personal brand.


Dynamic communication is not about getting it right every time - we all get it wrong and getting it wrong is part of the process of learning. Rather, dynamic communication is about understanding the interrelationships, inter-connectedness and interdependencies between the different ways in which we communicate.


If we understand how things work together, we will be able to make them work better.


By pa360, Dec 30 2014 07:49PM

I was speaking to a dear friend of mine before Christmas and she mentioned that several of the colleagues in her team were keen to take a voluntary redundancy package that is currently being offered by our mutual employer. It transpires that several of her colleagues had reached the point where "they had had enough" and thought that their careers and interests would be better served by looking for pastures new.


To be honest, I always find it slightly troubling whenever people express the desire to "get out" at all costs or when a belief begins to gather currency that the grass must be greener on the other side. I know from personal experience, very early on in my career, that to act in haste is to repent at leisure.


Strange as it may sound, it is at a time of chaos, upheaval and uncertainty that leaders, innovators and problem- solvers emerge. I am reminded of a quote from Winston Churchill who noted that: "a pessimist sees difficulty in every opportunity, whilst an optimist sees opportunity in every difficulty". Looking behind that quote, there is an even more powerful message, which is that character is forged, not during good times, but rather during times of great adversity. Former US President Richard Nixon, in his final speech before leaving the Whitehouse described it this way: "Greatness comes not when things always go good for you. Greatness comes when you are really tested, when you take some knocks, some disappointments, when sadness comes; because only when you have been in the deepest valley will you know how magnificent it is to be on the highest mountain".


Pain is called pain for a reason. It is something to be endured not enjoyed. However, that which tests the limits of our endurance can also help us to become resilient and discover strengths and capabilities that we would not have discovered otherwise. Resilience is evidence of strong character and strong character is evidence of a strong personal brand.


Greatness is called greatness for a reason too - because even in chaos there is profit.



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