For those who plan their way through work (or, indeed, life) with a strategy and spreadsheet in hand, the idea of winging it can feel anxiety-inducing. The more spontaneous among us, however, might argue that detailed planning not only lacks on-the-go creativity and problem-solving, but ultimately any sense of thrill.
Each party is convinced their approach is the ideal one, but both strategising and spontaneity can have merit, especially within different industries, job roles, environments and situations.
“Being someone who naturally likes to plan things can be a great advantage in environments where predictability is important, decisions need to be taken promptly and other people who need to plan are involved,” says Roh Hafez, a life coach at The Hundred Wellness Centre. “Being someone who naturally prefers spontaneity and surprises rather than plans and routines is great in environments where there is low predictability and a lot of change and uncertainty.”
Personality clash
“Planners often create clear steps to reach their goals, use resources wisely, and avoid unnecessary problems along the way,” says Lindi Nhlapo, a counselling psychologist at Thrive.
“Traditionally, this group of people would be recognised as a Type A personality because of their strong focus on structure and achievement. You may know someone who has their life organised around schedules, lists and carefully mapped out goals; for them, structure brings peace of mind.”
As for someone who is more impulsive, Nhlapo explains: “Those who adopt a more easy-going approach relate to what is traditionally called a Type B personality. These individuals tend to take a more flexible and easy-going approach, which allows them to adapt quickly and respond to unexpected changes.”
For Type As, uncertainty is the enemy. They work hard to tie up loose ends and dot the i's and cross the t's dotted ahead of schedule.
“Planning makes me feel calm,” says Karla Hirtescu, a customer references lead based in Dubai. “I love my lists, my calendar and having things organised. It also gives me a sense of control, which helps me focus. I don’t have to keep everything in my head, because it’s already written down.”
Pros and cons of preparation vs spontaneity
Work and life choices often dictate the approach a person either naturally takes or is forced take.
“Take for example a teacher,” says Hafez. “By its nature, the job needs clear plans for the day, week and academic year. Without exercising this skill, a classroom and its students will end up in chaos. Then think of stockbrokers or business consultants. Those people thrive on thinking and acting on their feet. This skill of being flexible and adaptable allows them to navigate situations that may be overwhelming for the planner.”
A well-constructed plan can ensure no detail is overlooked and a team of people each know what is expected of them and when. Predictability and prompt decision-making can reduce anxiety and unknowns; however, too rigid an approach to planning can make it difficult to react to change and pivot quickly if necessary. Over-planning can also lead to perfectionism.
“Rigid planners may struggle with flexibility and risk missing out on spontaneous opportunities,” says Nhlapo. “With higher neuroticism, individuals may experience stress, impatience or pressure more intensely, which can push them to achieve but also increase burnout risk.”
For those who like to wing it, adaptability is key, allowing for a flexible approach to work or life. Typically unfazed by surprises, such people can adjust quickly to fast-changing situations, but the approach can bring challenges.
Spontaneous souls may find themselves losing out on experiences because they did not plan in advance, such as with events or holidays, and may find it tiring to be constantly reacting to situations as opposed to staying on top of them over time.
Adopting a hybrid approach
While the two personality types may find it difficult to relate to the other, both strategic planning and the ability to react to change are vital skills.
High-profile strategists have long extolled the virtues of adopting a hybrid approach. As statesman and former British Prime Minister Winston Churchill noted: “Plans are of little importance, but planning is essential.” Likewise, in his 2018 letter to shareholders Amazon’s Jeff Bezos wrote: “Most decisions should probably be made with somewhere around 70 per cent of the information you wish you had. If you wait for 90 per cent, in most cases, you’re probably being slow.”
Hafez stresses it is important to realise that our natural preference isn't the only valid way. “Being a planner by nature does not mean you can’t be flexible and spontaneous, and vice versa.” She encourages people to recognise that our default approach doesn't always work out, and try and spot opportunities and situations where stepping outside our comfort zone might be beneficial. “We should ask ourselves what the best approach is to a particular situation or problem.”
One way to do this is to reflect on situations that have left you feeling stressed, as this is a typical indicator that your approach is not serving you. If detailed planning is leaving you feeling tense or exhausted, it may be time for a little spontaneity, and if a lack of structure creates feelings of anxiety or unproductiveness, more structure may be needed.
“As a planner, I don’t like to be tied to a schedule or a certain course of actions, and as a winger, I don't like bad surprises,” says Dubai-based estate agent Clementina Kongslund.
“On holidays, I love to have the departure and arrival dates planned, but during them I don’t mind wandering down side streets, eating something I can’t pronounce and pretending I understand the bus system when in reality I’m just hoping I end up somewhere scenic.”
She adds: “I have no problem switching and have started to take things more lightly and focus on what I can control and improvising what I cannot. Planning is good for knowing the options, winging it is good for surprises.”
Company%20profile
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UAE FIXTURES
October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi
October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
October 30 – 2.10pm, Playoff 3 – A4 v Loser of Play-off 1; 7.30pm, Playoff 4 – B4 v Loser of Play-off 2 at Dubai International Stadium
November 1 – 2.10pm, Semifinal 1 – B1 v Winner of Play-off 1; 7.30pm, Semifinal 2 – A1 v Winner of Play-off 2 at Dubai International Stadium
November 2 – 2.10pm, Third place Playoff – B1 v Winner of Play-off 1; 7.30pm, Final, at Dubai International Stadium
Match info
Uefa Nations League Group B:
England v Spain, Saturday, 11.45pm (UAE)
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.4-litre%20twin-turbo%20V8%20with%2048V%20mild%20hybrid%20system%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E544hp%20at%205%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%20at%201%2C800-5%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh700%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Elate%20November%3C%2Fp%3E%0A
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs: 2018 Nissan Patrol Nismo
Price: base / as tested: Dh382,000
Engine: 5.6-litre V8
Gearbox: Seven-speed automatic
Power: 428hp @ 5,800rpm
Torque: 560Nm @ 3,600rpm
Fuel economy, combined: 12.7L / 100km
FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
Getting%20there%20and%20where%20to%20stay
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Florida: The critical Sunshine State
Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991.
Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.
In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
MATCH INFO
Uefa Champions League last 16, first leg
Liverpool v Bayern Munich, midnight, Wednesday, BeIN Sports
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
COMPANY%20PROFILE
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
RESULT
Everton 2 Huddersfield Town 0
Everton: Sigurdsson (47'), Calvert-Lewin (73')
Man of the Match: Dominic Calvert-Lewin (Everton)
'HIJRAH%3A%20IN%20THE%20FOOTSTEPS%20OF%20THE%20PROPHET'
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