Jim McMonagle, Jr.’s Post

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Chief Financial Officer, Fractional CFO, Podcast host

I value the #ExpertAdvice from Ray Dalio every day! The words "Common Mission" are crucial to the strategic planning process. It is also important to know WHY someone is not consistent with, or disloyal to, the mission. #1 it could be that the person is a narcissist and wants to run their own business their own way. #2 could be that the common mission is not acceptable to everyone. Ray Dalio's book, "Principles" is a great tool to ensure the "Common Mission" is accepted by the team, consistently applied, and it is truly common for the entire team.

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Ray Dalio Ray Dalio is an Influencer

Founder, CIO Mentor, and Member of the Bridgewater Board

Loyalty to specific people who are not in tight sync with the mission and how to achieve it will create factionalism and undermine the well-being of the community. It is often the case, and quite beautiful, that personal loyalties exist. However, it is also often the case, and quite ugly, when personal loyalties come into conflict with the organization's interests. #principleoftheday

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