It’s a deal
Tuesday, November 27th, 2007I attended a NSW Women in Finance event this morning. It was the first in a CEO series they have planned, and the guest speaker was Steve Sargent, CEO of GE Australia and New Zealand. So first of all, congratulations to the committee on putting together such a terrific initiative.
There was a great turnout at the event and – despite the preface from Sargent that he would not tell us anything we didn’t already know – I am sure no one went home empty handed. This is not the first time I’ve said it, but isn’t GE an amazing organisation. To have operations across the globe and representing almost every industry, and generate $23bn in earnings per annum, is simply phenomenal. That 80% of this revenue comes from businesses not owned by the company in 1995 demonstrates its deep expertise in the processes of innovation and imagination.
Given Sargent has held some big roles (he was one of the first to lead the Six Sigma program in GE) and worked closely with some big GE names including Welch and Immelt and their executive teams, he is of course well placed to comment on the essentials of leadership GE style. And this is exactly what he did.
Of all the suggestions on offer, the one that took my fancy is that leaders should have good deal skills. That is, they should be experienced in building something, buying something or fixing something – and preferably all three. It make sense, after all these are some of the core skills we’re taught at business school. But all the case studies in the world won’t give you the same skills as actually doing it for real.
Think about your career. Have you bought, built or fixed a business of significance? Could you? What did you learn from the process? And how do women get access to these kind of opportunities, which are normally the domain of the boys club?
Tell us about your big deal on the sphinxx blog and allow other women leaders to learn from your experiences.