... Ghayur and Churchill Ghayur CAREER SUCCESS: Navigating the New ... Work Environment Third Edition 23 Khalid Ghayur, CFA, FSIP, and Dwight D. Churchill, CFA ... CAREER SUCCESS: Navigating the New Work Environment Work the New Navigating Third Edition Third CAREER SUCCESS: Navigating the New Work Environment Third Edition Khalid Ghayur, CFA, FSIP, and Dwight D. Churchill, CFA © 2017 CFA Institute. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission of the copyright holder. Requests for permission to make copies of any part of the work should be mailed to: Copyright Permissions, CFA Institute, 915 East High Street, Charlottesville, Virginia 22902. Portions of this book are used with permission from FindingFit. 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ISBN: 978-1-942713-54-8 eISBN: 978-1-942713-50-0 December 2017 CONTENTS Biographies .........................................................................................................6 Introduction .......................................................................................................7 What Drives Success? .................................................................................7 About This Book ........................................................................................8 SECTION I Chapter 1. The Evolving Psychological Contract and Implications for Careers ....... 11 Employer’s Perspective: From Job Security to Employment Security to Employability ........................................................................................... 15 Employee’s Perspective: From Loyalty to Flexibility ........................................ 16 From a Relational to a Transactional Contract ............................................... 16 Implications of Moving from a Relational to a Transactional Contract ............... 17 The Changing Nature of Careers ................................................................. 22 The Changing Notion of Success ................................................................. 25 Summary ................................................................................................. 28 Chapter 2. Career Management ......................................................................... 30 What Is Career Management? ..................................................................... 30 A Model of Career Management ................................................................. 33 Summary ................................................................................................. 39 Chapter 3. Awareness of Self .............................................................................. 41 Objective and Process of Self-Awareness ...................................................... 45 Data Collection ......................................................................................... 46 Data Analysis and Career Implications ......................................................... 74 Summary ................................................................................................. 80 Chapter 4. Awareness of Environment ................................................................ 82 Occupations, Jobs, and Organizations .......................................................... 83 Importance of Gaining Organizational Awareness .......................................... 83 Summary ................................................................................................. 94 Chapter 5. Career Decisions .............................................................................. 97 Managing Misfit Risk ................................................................................100 More on Risk Taking in General in Career Management ................................102 Revisiting the Critical Role of Passion..........................................................108 Summary ................................................................................................111 CAREER SUCCESS, THIRD EDITION © 2017 CFA INSTITUTE. ALL RIGHTS RESERVED. 3 Chapter 6. Career Goals, Implementation Strategy, and Feedback and Evaluation .................................................................................................113 Career Goals ...........................................................................................118 Is Career Goal Setting Useful? ....................................................................118 Employability as a Career Goal ...................................................................119 Feedback and Evaluation ...........................................................................130 Summary ................................................................................................135 Chapter 7. Conclusion ......................................................................................136 SECTION II: INTERVIEWS Christopher J. Ailman .......................................................................................139 John C. Bogle ...................................................................................................154 Alan Brown, FSIP .............................................................................................160 Daisuke Hamaguchi ..........................................................................................172 Bojan Ivanc, CFA ..............................................................................................184 Eleanor Kigen, CFA ..........................................................................................189 Ramin Modiri, CFA ..........................................................................................193 Derek Mok, CFA ...............................................................................................199 Helena Morrissey .............................................................................................204 Navneet Munot, CFA ........................................................................................211 Sami Nabulsi, CFA ............................................................................................215 Jacqueline Ruedin Rüsch ...................................................................................220 Aje Saigal, CFA .................................................................................................225 George U. “Gus” Sauter .....................................................................................233 Mohammad Shoaib, CFA ...................................................................................248 Jonathan Stein, CFA ..........................................................................................253 Sornchai Suneta, CFA .......................................................................................259 Laura Taylor, CFA .............................................................................................264 Roger Urwin .....................................................................................................269 Jean-Paul Villain ...............................................................................................280 Lizzie Yu, CFA ..................................................................................................291 4 © 2017 CFA INSTITUTE. ALL RIGHTS RESERVED. CAREER SUCCESS, THIRD EDITION SECTION III: APPENDICES Appendix A. The Locus of Control .....................................................................296 The Locus of Control Concept ...................................................................298 Appendix B. Myers-Briggs Type Indicator ..........................................................303 Background .............................................................................................303 Carl Jung.................................................................................................304 Extraversion–Introversion .........................................................................306 Sensing–Intuition ....................................................................................306 Thinking–Feeling .....................................................................................307 Judging–Perceiving...................................................................................307 A Developmental Model ...........................................................................308 Interpreting Type .....................................................................................308 The SP Temperament ................................................................................309 The