"Office Politics" - How significant it is to an overall health of an organisation?

When new to an organisation (under one year), it is best to be politically neutral and observe the political particularities in your office.
While it is always more professional to remain above office politics, there is the adage, 'those who refuse to play politics are often times done in by them.'

I only concentrate on my work to avoid the office politics

Step
1- Write all of the acquired firm's assets to market value.
When determining the amount of goodwill, the purchased assets need to be recognized at fair market value rather than the current book value.
Large assets like land and buildings may be under- or overvalued depending on market conditions.
Intangible assets like patents and trade names may not be listed at all if they were developed within the company (because they would have been expensed as R&D).
Accounts receivable may need to be adjusted due to an inaccurate allowance for doubtful accounts.
Step2 - Add together the values of all acquired assets.
Once the assets are marked to market value, sum them together.
This figure is called the net identifiable assets of the acquired firm.
Step
3- Subtract the net identifiable assets from the purchase price.
Goodwill is defined as the price paid in excess of the acquired firm's total assets.
To calculate it, simply subtract the total asset amount from the purchase price; this amount is nearly always a positive number.
For example, consider a firm that acquires another firm for Rs.1,000.
If the net identifiable assets of the acquired firm total Rs.800, then the amount of goodwill realized is (1,000 -800,000) or Rs.200.
Step
4- Record the journal entry to recognize the acquisition.
Continuing with the above example, the firm would debit Goodwill for Rs.200, debit the acquired asset accounts for Rs.800, and credit Cash for Rs.1,000.
Goodwill is an indefinite asset account and is recorded on the balance sheet.
Step5 - Test the goodwill account for impairment.
Goodwill is neither depreciated nor amortized; instead, it is annually tested for impairment.
Each year, the goodwill balance should be compared to its estimated market value.
If the book value is too low, no adjustment is permitted.
If the book value is too high, the balance must be "impaired" by marking it down to fair value.
Step6 - Record the journal entry to recognize any goodwill impairment.
If the goodwill account needs to be impaired, an adjusting entry is needed in the general journal.
To record the entry, debit Loss on Impairment and credit Goodwill for the necessary amount.