Saturday, September 20, 2008

Guts. Patience and Perspective

When I read the following in Business Week, I related it to the value of the experience I acquired leaving the Legion of Christ and subsequently what I learned in the organizations I have worked for. It's great not having to worry about being "politically correct"!

"Most senior executives cite the value of such intangibles as gut, patience, and perspective. They say younger executives often lack these. "Sure, younger managers don't have the advantage of experience," says Redstone. "But I find they don't study history to be able to make the best decisions for their companies." Others say the MBAs they work with are overly fixated on data and have had the creativity educated out of them. Siebert, who runs her eponymous investment firm, says young traders, having only experienced a bull market, are now unprepared to battle a bear. "They made money so quickly and in such vast quantities," she says, "that they didn't realize they could lose it twice as fast."
Finally, age confers on its wearer a certain immunity to internal politics. These folks can get away with saying things their younger colleagues would never dare. Lutz has become a kind of provocateur at GM. He was the only executive willing to push for an electric car despite GM's debacle the first time around. "One colossal advantage of being in extra innings is you can tell it like it is, say what you think, and largely eschew political caution," he says. "I often ask, rhetorically, if they don't like it, what are they going to do? Send me into early retirement?""

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