Political capital, an often overlooked concept, is a crucial factor in achieving objectives within an organisation. It’s the reservoir of influence you can draw upon to advance your initiatives. Essentially, it’s the measure of influential individuals ready to back you, even when it doesn’t serve their immediate interests.
Building such capital is about forging deep-rooted relationships where reciprocity is paramount. It’s a symbiotic dynamic with benefits for both parties. Particularly in expansive organisations, individuals must combine strengths and resources to achieve mutual goals.
The cornerstone of this effort is giving. By supporting others in reaching their aspirations or sharing resources, you solidify your position. Offer this help to those in power, or those ascending the ranks, to bolster your political capital. Such cultivation demands time, effort, and strategic thought. Familiarise yourself with colleagues, comprehend their challenges, and explore avenues for collaboration.
While political capital might seem like simple networking, it’s richer in depth. Networking often involves casting a wide net, whereas building political capital is more intentional and focused. This ensures that each connection within your network is not only vast but also valuable.
Here are some strategies to enhance your political capital:
- Research and Reconnaissance: Understand a colleague’s projects, past successes, and challenges. This showcases genuine interest and identifies collaboration opportunities.
- Active Participation: Engage in company-wide projects. This raises your visibility and situates you near influential figures, thereby highlighting your value.
- Mentoring: Share expertise as a mentor and learn as a mentee. Both roles amplify your political capital by positioning you as a thought leader and connecting you with influential mentors.
- Consistent Communication: Maintain regular contact, whether through monthly meetings or email updates.
- Celebrate Others: Acknowledging and celebrating the achievements of those in your network solidifies relationships.
To put this into practice:
Political Capital Exercise
Choose someone influential within your organisation.
- 1. Understand their objectives.
- Brainstorm potential assistance avenues.
- Arrange an informal meeting to delve deeper into their role and challenges.
During this interaction, aim for a positive impression. Be genuine, trustworthy, and actively listen. If you find a tangible assistance avenue, make your offer.
Implementing Political Capital Building
- Recognise the depth required, beyond mere networking.
- Prioritise relationships with influential figures.
- Strategically cultivate political capital, aligning with influential allies across different organisation departments.
In conclusion, political capital isn’t merely about wielding power. It’s about forming genuine relationships, understanding organisational dynamics, and positioning oneself as a valuable asset. By offering consistent value and forging bonds with influential figures, you’re setting the stage for impactful success.
Extraordinary Influence No.15: Building Political Capital. These seventeen principles, among others, shape Colin Gautrey’s provocative coaching and mentoring practice.
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