So Our Daughters Stand Out: 6 C-Suite Traits Among Awesome Female Executives

Father and Daughter

Photo Credit: Peter Werkman

Margaret Heffernan poses a thought provoking question in her Fortune Magazine article titled: "Why Do Only 26 Fortune 500 Companies Have Female CEOs?”. She describes her conclusions via two (2) phenomenon (direct quotes):

Covering: A term used to describe the ways in which outside groups – women, minorities – try to cover up, minimize or disguise their difference. For women, this may manifest in any number of ways: never talking about domestic life, feigning an insincere interest in golf or football, steering clear of discussions on diversity.

Calculating: Research shows that women are just as willing to compete in a game if – and it’s a big if – they believe they have a good chance of winning. In the Olympics, women entered confident that they competed on a level playing field – on which they could, and did, win. At work, women are very good at gauging their chances, eschewing contests in which they’re likely to fail.

So the challenge for women isn’t that they lack competitiveness or drive. It’s that they are shrewd estimators of risk and therefore spend too much energy trying to fit in, instead of standing out. And one way not to stand out is not to look ambitious or to ask for stretch assignments that we might not get.

That Highlighted Quote Concerns Me

I’m a Dad and Uncle of Two Remarkable Daughters and Four Incredible Nieces. My daughters are still young (10 and 3 years old). Two nieces are in university (the other two are pre-high school and kindergarten). Every time I see them it’s a gift. Time vanishes as I see their personalities, self-image, and self-confidence transform.

Please Don’t Jump to Conclusions by this Article’s Title. My mission as a parent (and uncle) isn’t to develop the next Most Powerful Women in a Fortune Magazine Most Admired Company. My goal as a parent and role model (I hope a good one on both counts) is to guide and encourage my female loved ones to:

  • Choose To Stand Out 
  • Define What Standing Out Means For Them
  • Make Smart Choices Leading to Healthy, Productive, Fulfilling, and Independent Lives and Careers 


I Value Relationships with Women Who Stand Out

I Gravitate to Proactive and Strategic Thinkers. I’m grateful some of these smart, generous women provide their friendship and advice. Others, I have yet to earn the privilege of meeting face-to-face. I’m lucky they’ve granted permission to directly communicate via emails, social media, blog commenting, etc.

Building and nurturing these relationships are important to:

  • Benefit Each Other. I hope I help them as much as they help me. 
  • Learn and Understand The Female Perspective. I don’t know what I don’t know. I seek first-hand experience from women I know and trust. That’s the only way I’ll be able to help my loved ones face situations when I have no frame of reference (like what Heffernan describes in her Fortune article). 

 

6 C-Suite Traits Emerge Among Female Business Executives Who Stand Out

Forgive Me for Focusing on Business World Examples. I’m aware of success patterns in other fields such as the arts, healthcare, entertainment, and education. I’m a marketing and corporate strategy geek. My stock and trade: identifying and uncovering trends/patterns from multiple industries.

Here’s What I Observe. These are the patterns and traits I am going to advise my daughters and nieces to practice so they stand out:
 

  • They Practice the 4 R’s: Risk, Relentlessness, Resilience, and Reinvention
  • They Write With Purpose 
  • They Possess the Courage to Speak Up
  • They Connect Others
  • They Deliver Generosity (with a Stick of Butter and a Smile)
  • They Fake It, Till They Become It

1. They Practice the Four R’s: Risk, Resilience, Relentlessness and Reinvention

I Read Those Words and Think of Julie Roehm. Julie embodies safe is risky (and risky is safe). I’ve tracked Julie's career moves since 2005. She was THE Marketing Strategy Purple Cow of the automotive industry. She could have stayed in Detroit, but she took a risk in accepting a new challenge in the retail industry with Walmart. 

It didn’t work.

I respect her for leaving an industry she knew like Coach Pat Summitt knows championships. If she stayed in Detroit, Julie could have continued making a great salary and building her sizable expertise and reputation.  She took on a high-profile risk to learn if she could adapt and excel in a different corporate culture and industry (direct quote from a Fast Company 2009 article): 

"I wanted to be able to show that I can adapt anywhere, I can do anything. The thing I learned about myself is that I'm not a full-on chameleon, and there's nothing wrong with that."

Julie Roehm Learned and Recovered from a HUGE Career Setback. That type of public, high-flyer mishap would have crushed most people. Not Julie. 

She battled back for five years before becoming SAP’s Senior Vice President and Chief Storyteller. During her wilderness years, she hustled and scrapped like a Silicon Valley startup to create a dominating social media presence and reinvent her personal brand

Julie was Relentless. She Showed Up Everyday. I’m glad she did. I’d miss her marketing talent, charisma, and chutzpah if she didn't. All successful women (insert your definition of success here) understand and practice the power of reinvention. Here’s great advice from my reinvention hero — the brilliant Dorie Clark:  

 

Julie Reinvented Herself into a Multi-Media Storyteller. She's fearless where this might or might not work intersect. Check out her presentation from the 2013 Inbound Marketing Summit on Customer Storytelling: Elevating the Voice of the Customer in a B to B World. If this isn’t great storytelling AND putting yourself out there, I’m People Magazine’s 2014 Sexiest Man Alive (not Thor):

 

I’ll Counsel My Daughters and Nieces to Seek Out and Welcome that "I’m Afraid Feeling.” If they have that feeling, they’re on track to doing or making something important. If it doesn’t work out, I want them to have the self-confidence and awareness they WILL recover. Because, they’ll be wiser and smarter for attempting "whatever it was."

Like Julie.

 

2. They Write With Purpose 

Everything Ann Handley Writes is a Gift to Humankind. If I’ve said it once, I’ve said it 63 different times, Ann Handley’s the best writer in the business. If you’re serious about your writing and content marketing:

 Here’s a quick Handley Sampler on writing, content marketing, and storytelling:

“How Can I Write Like That?” I ask that question every time I read and study Ann’s work. I can’t (and I wouldn’t expect my daughters and nieces to either). There can be only one.

Ann Handley Everybody Writes Kindle Book Cover

Everybody Writes: Your Go-To Guide to Creating Ridiculously Good Content is One of 2014’s Most Important Business Books. Thank goodness Ann teaches great writing. She poured her heart and soul into this book (or as Ann says “like giving birth to a Volkswagen”). Invest in yourself and buy Ann’s book. I promise you’ll benefit from her knowledge, her hard-earned talent, and enormous heart. 

Writing Matters. Writing with Purpose Matters More. The media’s endless joy in working up well-meaning, America parents that our children choke on the dust of their global counterparts in the STEM 100 meter dash ignores an important fact: writing and storytelling skills activate financing for ideas and inventions of talented students and entrepreneurs

Here’s Ann purpose for Everybody Writes (direct quote from page eight):

What’s harder is to find a book that functions for marketers as part writing and story guide, part instructional manual on the ground rules of ethical publishing, and part straight talk on some muscle-building writing processes and habits.

What’s also hard to find is a book that distills some helpful ideas about the craft of content simply and (I hope) memorably, framed for the marketer and businessperson, as opposed to say, the novelist or essayist or journalist.

I wrote this book because I couldn’t find what I wanted—part writing guide, part handbook on the rules of good sportsmanship in content marketing, and all-around reliable desk companion for anyone creating or directing content on behalf of brands.

I’m Guarding Ann’s Book for My Daughters and Nieces Because A Significant Portion of Their Careers and Livelihoods Will Depend on It. That’s no overstatement. Whatever careers my daughters and nieces pursue, I’m advising them how writing well delivers lifelong competitive advantage. I'm guarding my hardcover and Kindle versions of Everybody Writes the way our German Shepherds express their protectiveness (with a “stranger/danger don’t mess with that book” 240 – 800 PSI stare).  

Bonus 1: Mitch Joel’s Episode #426 Six Pixel of Separation Podcast: Everybody Writes With Ann Handley.

Bonus 2: Speakers Spotlight YouTube Video — Ann Handley – Chief Content Officer | Bestselling Author.

 

3. They Possess the Courage to Speak Up …

… and The Grit to Keep Speaking Up. Sallie Krawcheck thought she was done. More than once. I’ve followed Sallie’s career since her days as Wall Street’s Last Honest Analyst. I still have Sallie’s article from the March 21, 2005, Fortune Magazine Issue of “The Best Advice I Ever Got — Don’t Listen to the Naysayers (required daughter-niece reading).


Speaking Up Can Cost You Your Job.
It cost Sallie hers as CitiGroup’s Chief Financial Officer and Head of Wealth Management. She published a follow-up LinkedIn article to "Ignore The Naysayers" with instructive advice on sticking to one’s personal principles (direct quotes from article’s conclusion):

I drew on this advice when I was a new research analyst and published less-than-rosy recommendations, when most of Wall Street was bullish and left me feeling exposed. I drew on it when senior executives of a couple of the companies I covered tried to have my boss fire me because they didn’t like that research. I drew on it when I was named Director of Research and we decided to take ourselves out of the investment banking business because we believed the client conflicts were too meaningful. And I drew on it in the recent market downturn, when my then-company and I disagreed on how to treat individual investors who had suffered investment losses from our products.

Those were important. But its greatest impact may have been in less-public ways. Early on, this advice enabled me to “find my voice.” There is plenty of research that shows women are less likely than men to speak up in business meetings or state their opinions;many report that it is because their upbringing conditioned them to not stand out and to wait their turn. But sometimes the meeting is over before their turn comes. Having the confidence that standing out need not be a point of shame – but indeed can be a point of pride, particularly for the right reasons – can make the world of difference….perhaps especially for us southern females.

 

Sallie Krawcheck’s Next Act: Owner, Entrepreneur, Investor, Reformer, and Connector. Her latest ventures are The Ellevate Network and Pax Ellevate Global Women’s Index Fund. I know she’ll succeed because she’s doing something she loves and has personal meaning. She’s badass tough. That grit and mental toughness accounts for everything when confronting adversity.  

 

Speaking Up Means Sharing Your Experiences to Help Others.  Sallie’s LinkedIn Influencer Articles are vital in career development. I love her articles not only because her insights benefit me but also because her experiences guide me as a parent. Here are some of my fave Krawcheck Classics:
 

4. They Connect Others 

Remember The Connectors Malcolm Gladwell Describes in His Book, The Tipping Point? Gladwell discussed why the world’s Lois Weisbergs are influential and important. I’m blessed to know two in my life: Barbara (Barb) Karstrom and Kathryn (Kathy) Feldt. When I read these direct quotes from The Tipping Point, I think of Barb and Kathy:

Sprinkled among every walk of life, in other words, are a handful of people with a truly extraordinary knack of making friends and acquaintances. They are Connectors.

Connectors are important for more than simply the number of people they know. Their importance is also a function of the kinds of people they know. 

They are people whom all of us can reach in only a few steps because, for one reason or another, they manage to occupy many different worlds and subcultures and niches.

The point about Connectors is that by having a foot in so many different worlds, they have the effect of bringing them all together.

It isn’t just the case that the closer someone is to a Connector, the more powerful or the wealthier or the more opportunities he or she gets. It’s also the case that the closer an idea or a product comes to a Connector, the more power and opportunity it has as well.

Barb and Kathy are Living Proof of Who You Know is What You Know. They’re wicked smart, resourceful, successful, and well-connected. They can talk to anyone about anything because each “has a foot in so many different worlds.” They understand the value (and discovery) of diversity in thought. When I lived in Chicago (Barb) and St. Louis (Kathy), they introduced me to different people I’d never meet on my own (or would have access to). 

I’ve Never Forgotten Their Kindness and Generosity. If you’re a current or aspiring Chicago-based or St. Louis-based female executive who's serious about your business career, invest in yourself and build a relationship with either Barb or Kathy. I’ll advise my daughters and nieces to seek out the Barbs and Kathys.

Buy them lunch / breakfast and get to know them. Just don’t talk smack about the Chicago White Sox (Barb) or St. Louis Cardinals (Kathy) when you meet them…

…that may not go over so well.  

Bonus 1: Womenetics.com — Judy Robinett, Super-Connector, Helps People and Businesses to “Fill Their Holes”

Bonus 2: Forbes.com — Dorie Clark's Interview with Judy Robinett: How to Become a Power Connector

Bonus 3: Forbes.com — Dan Schawbel’s Interview with Judy Robinett: How Entrepreneurs Can Become Power Networkers

Bonus 4: Forbes.com — Cheryl Conner’s Interview with Judy Robinett: Four Secrets From A Champion Super Connector

 

5. They Deliver Generosity (With a Stick of Butter and a Smile)

That Attitude is Why Zena Weist Became and Continues to Be One of Kansas City’s Most Important Digital Strategy Leaders and AmbassadorsZena (or “Z" as I affectionately call her) is wicked smart and accomplished. She’s a Gladwell Triple Threat: Connector, Maven and Saleswoman.

The “stick of butter and a smile” reference comes from Jeremiah Owyang’s VentureBeat article: Here’s What Silicon Valley Can Learn from Good Old Midwestern Values. His great article highlights Zena’s thoughts on Midwestern values:

From Zena Weist of Kansas City, I learned about helping others, “A stick of butter and a smile, and no need to pay me back.” 

I Learned That From Zena Too. These past six months, I benefited from her advice, knowledge, and connections so I could follow through on an important career change. I hope my daughters and nieces will practice how Z gives away abundance (without keeping score). There’s an important lesson (and movement) Jeremiah observes in Silicon Valley that’s relevant to delivering generosity (direct quote from his article):

The Midwestern value of helping others without expecting reciprocation is best summarized by the “stick of butter and a smile” axiom when a neighbor is in need. Silicon Valley’s traditional come-get-mine attitude rewards the disruptors and the fiercest competitors. While San Francisco boasts that nearly one of every eight residents are millionaires, a vast majority are not living at middle class standards and are struggling just to get by. The potential for a backlash is rapidly increasing.

 

Be Like Z. I hope the backlash Jeremiah writes about never comes to fruition. We can prevent it from happening one "stick of butter and a smile" at a time.

 

6. They Fake It Till They Become It

Susan Kare’s Advice For Young Designers Applies to Any Woman with an Opportunity for a Stretch Assignment. Kare has two (2) simple rules for designers: 1) Fake It Tlll You Make It and 2) Design Never Really Changes. When Susan Kare applied applied for Apple’s first-ever graphic designer position, she worked at a furniture store. She prepared for her interview by studying graphic design books from the Palo Alto library (direct article quotes):
 

Having designed many of the Mac's early system fonts such as Chicago, the (original) San Francisco, Geneva, and Monaco, Kare is one of the pioneers of early digital typography. But when she first applied to Apple, she was pulling her type design qualifications out of thin air.  

"I was working at a furniture store at the time, and I didn't know the first thing about designing a typeface," she told me. "But I'd studied graphic design, so I said, 'How hard can it be?'" So Kare went to the Palo Alto Library and took out a number of books on typography. "I even brought them to my interview to prove I knew something about type, if anyone asked!" she laughs. "I went into it totally green." 

 
She's not so green now. Here's a great video of Susan Kare sharing her design expertise

Susan Kare, Iconographer (EG8) from EG Conference on Vimeo.

Think About That. If Susan Kare listened to The Resistance, she wouldn’t have achieved designer history. So if my daughters or nieces ever experience self-doubt, I’m going to tell them to have the self-confidence and self-belief to "fake it till they make it." Or, as Dorie Clark of Reinventing YOU, teaches: “Fake It Till You Become It.” 

Bonus: Mitch Joel’s Episode #357 of Six Pixels of Separation Podcast: How To Reinvent You With Dorie Clark

 

Your Turn  

Please let me know if you agree or disagree with my thoughts in the comments. If you disagree, I would love to hear from you. I’m also here to read, listen, and learn from YOUR PERSPECTIVE.   Comments are open. So let’er rip!

 

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Tony Faustino is a marketing and corporate strategist.  He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInventionFollow his tweets @tonyfaustino or circle him on Google+.

Sunday Brunch Reads with Social Media Reinvention: Week of 12/7/14 to 12/13/14

Sunday Brunch Newspaper

Photo Credit: Anton Diaz 

I hope everyone had a good week and is enjoying Christmas parties and celebrations with friends and co-workers. Here are your share-worthy links. Enjoy your brunch!

1) Mitch Joel's Twist Image Podcast with Seth Godin: SPOS #439 – Seth Godin Doesn't Want You To Be Missed When You're Gone! My two favorite teachers recorded this brilliant podcast to share and discuss Seth Godin’s latest book: What To Do When It's Your Turn (And It's Always Your Turn), 

Seth’s Latest book is Remarkable. It’s beautifully illustrated in color and has the look and feel of a slick, high-gloss, soft-cover magazine from the high-end fashion world. Visually, this book is unlike anything published by Seth Godin:

  • Mitch asks if Seth believes it’s the most beautiful expression of Seth's emotional labor. Answer: Yep!
  • The Seth Godin says on the record it’s taken him “120+ essays, 5,700+ blog posts, and 18 books to realize this result.”
  • He remarks: I can’t believe I waited this long to publish in color

The podcast turns instructive between Mentor (Seth Godin) and Student (Mtich Joel) midway through their conversation. It’s a personal moment between two people sharing a mutually genuine respect and friendship. Hint: Even people like Mitch Joel feel the powerful self-doubt The Resistance imposes. How Seth Godin counsels and reassures Mitch Joel during this segment says it all about Seth’s character and class.

2) Apple Insider: Apple's Discontinued iPod Classic commands Hefty Premium on the Secondary Market. People are clamoring for 160 GB iPod Classics like they're going out of style. Wait a minute. They are! The 160 GB iPod Classics doubled in original retail value ($260). As of writing this post, eBay lists some 160 GB iPod Classic versions as high as $530 eBay says my 120 GB iPod Classic ranges in value from $65 (used) to $230 (new). I’ll never give up mine. I’m downloading more podcasts to my iPod Classic than ever for educational purposes. With my iPhone 5S, my hard drive maxes out quickly.

3) ReadWriteWeb: Mastering Apple’s Gigantic iPhone 6 Plus With Puny Hands. Adriana Lee’s informative and funny article describe some cool accessories available for the iPhone 6 Plus. The main criticism of the device iPhone 6 Plus “phablet" — it’s amazing as long as your hands are big enough. Adriana’s article is most insightful in its conclusion. I believe her foresight that the iPad Mini’s days are numbered:

But then I remind myself of one thing: With the 6 Plus—or, for that matter, a Samsung Galaxy Note 4 or Nexus 6—I don’t need a tablet anymore. If the 6 Plus can save a bit of money, why not dedicate a fraction of those savings to accessories?

Did You Enjoy This Post?

If yes, please share it with your friends and subscribe to my blog. Many Thanks!

Tony Faustino is a marketing and corporate strategist.  He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInventionFollow his tweets @tonyfaustino or circle him on Google+.

Sunday Brunch Reads with Social Media ReInvention: Week of 11/30/14 to 12/4/14

Sunday Brunch Newspaper

Photo Credit: Anton Diaz

Hi Social Media ReInvention Community Members! Apologies for not consistently posting our Sunday Brunch Edition. External circumstances prevented me from keeping up. I promise to do better job. I hope you celebrated blessed and happy Thanksgiving Holidays with loved ones and friends. 

Here are your share-worthy links. Enjoy your Sunday Brunch!

1) CNET: How-To Video: Upgrade Your RAM on Your MacBook Pro. I upgraded the RAM on my MacBook Pro 15 this week. I suck as a do-it-yourselfer (DIY). I researched required steps and tools to lessen my anxiety and increase my confidence. The Result: I successfully upgraded my MacBook Pro 15 (late 2011) from 4MB to 8 MB of RAM (and she performs like a champ)!

MacBook Pro 15 Successful RAM Upgrade

As I type, I’m running seven (7) applications: iTunes, Google Chrome (with 12 tabs open), Apple Preview, MarsEdit, Finder, Evernote, and Dashlane. Here’s the content I found most helpful: 

  • You’ll need a Phillips 00 screwdriver to unscrew the bottom panel. I paid a premium price for the iFixit 54 Bit Driver Kit because the magnetized screwdriver bits are HUGE in removing and reinserting the six (6) tiny screws on the back panel. There’s a reason I went to business school instead of medical school (HINT: I lack a surgeon's dexterity).

 

2) Fast Company: What Every Young Designer Should Know, From Legendary Apple Designer Susan Kare. Kare has two (2) simple rules for designers: 1) Fake It Tlll You Make It and 2) Design Never Really Changes. I personally relate to Rule #1. When she applied applied for Apple’s graphic designer position, she worked at a furniture store. She prepared for her interview by studying graphic design books from the Palo Alto library (direct article quotes): 

Having designed many of the Mac's early system fonts such as Chicago, the (original) San Francisco, Geneva, and Monaco, Kare is one of the pioneers of early digital typography. But when she first applied to Apple, she was pulling her type design qualifications out of thin air.
"I was working at a furniture store at the time, and I didn't know the first thing about designing a typeface," she told me. "But I'd studied graphic design, so I said, 'How hard can it be?'" So Kare went to the Palo Alto Library and took out a number of books on typography. "I even brought them to my interview to prove I knew something about type, if anyone asked!" she laughs. "I went into it totally green."

She's not so green now. Here's a great video of Susan Kare sharing her design expertise:

Susan Kare, Iconographer (EG8) from EG Conference on Vimeo.

 

If Susan Kare listened to The Resistance, she wouldn’t have achieved her Apple Legendary Designer status. So let’s fake it till we make it. Or, as Dorie Clark of Reinventing YOU, says: “Fake It Till You Become It.”    

 

3) Fortune Magazine: GE CMO Comstock's New Job: Reinventing the Lightbulb. I’m a HUGE Beth Comstock fan. Her strategy to reinvent and power (pun intended) GE's 130-year old lighting business includes embedding social and digital media throughout the business. Comstock transformed GE into a creative, infuential and credible digital marketing player:

Here’s a direct quote from the Google Think article about Beth Comstock titled Market Maker:

The 52-year-old often describes her job as "connecting the dots"–between GE's seven segments (Power & Water, Oil & Gas, Energy Management, Aviation, Transportation, Healthcare, Home & Business Solutions), its many markets, and between the company and the outside world. It's something Comstock regularly does as head of GE's sales, marketing, and communications, and in her management of the company's multi-billion-dollar Ecomagination and Healthymagination initiatives, dedicated to environmental and health care innovation respectively.
In her travels and conversations with customers, she constantly scans for patterns. "When you're in this business, you see a lot of things," Comstock notes. "Marketers are in a great position to notice if something's happening in an industry like energy or healthcare."


Think About that Quote for a Moment.
Beth Comstock explained how a great marketer’s expertise is a game changing asset in understanding and exploiting opportunity. Digital and social media marketing continues accepting the rap, “we can’t measure return on investment (ROI)!” Follow her advice and make the case of how not only your digital marketing efforts identify relevant opportunities but also how your expertise uniquely enables you (personally) to identify new business opportunities.

If that’s not a measurable ROI, I’ll be this guy’s uncle:

Chimpanzee Uncle

Photo Credit: Gemma Stiles

 

Your Turn

Please let me know if you agree or disagree with my thoughts in the comments. I would love to hear from you. I’m here to read, listen, and learn from YOUR PERSPECTIVE.   Comments are open. So let’er rip!


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Sunday Brunch Reads with Social Media ReInvention: Week of 10/05/14 to 10/12/14

Share-worthy links Social Media ReInvention Community Members can enjoy during Sunday brunch:

1) eMarketer: Second Screening During TV Time—It's Not What You Think. The television industry (and myself) thought associating Twitter #hashags with its programming increased higher audience engagement and participation. Wrong.

Check out this Facebook post detailing the Millward Brown Digital Study, From One Screen to Five: The New Way We Watch TV. Facebook collaborated with Millward Brown on the study.

This stat caught me by surprise (maybe it shouldn't). The number one ranked "second screen" competing for our time and attention isn't Facebook, Twitter, another social network, etc.

It's email. 

eMarketer is publishing a detailed report on our television and social media viewing habits called, “Simultaneous Media Use: Screen Fragmentation Complements Traditional Channels.” Here's a direct quote from the eMarketer article:

The takeaway is that a major portion of digital activity during TV shows has nothing to do with the show or the commercials. People simply drift away from the program and do other activities on their devices. This represents a transformation in the role of television from being a focal point to being just one of many screens competing for attention.

We're an iTV and Roku family (dumped cable months ago). Maybe, that's why I don't tweet, like, or post while watching tv. I'm focusing on the show (a rare treat).

2) McKinsey Quarterly: Tom Peters on Leading The 21st Century Organization. I'm a huge Tom Peters fan. At 71, he's still a rebel with a cause. I love and respect his candid and forthright views about developing and understanding an awareness of power, influence, and politics in organizations.

That's how change takes place in The Fortune 500. Change takes place by influencing and developing political allies (one person at a time).

Here are direct quotes from the article:

Change is about recruiting allies and working each other up to have the nerve to try the next experiment. You find allies. You encircle the buggers.

You don’t bring about change in real big meetings or virtual meetings. You bring it about one person at a time, face to face—when we discover we have some common interests and we’re both pissed off, say, at too many CEOs who talk about charts and boxes. And so we create a conspiracy.


Bonus 1:
Mitch Joel's recent podcast with Tom Peters.

Bonus 2: My post, Tom Peters Personal Branding Lessons, Part 1: Why YOUR Blog Matters. Mr. Peters linked to this post and cites it on his Media Sightings Page.

3) Brynne Tillman and The LinkedIn Challenge #thelinkedinchallenge. Brynne's LinkedIn Posts on Social Selling and maximizing LinkedIn's utility and power in our professional lives never cease to amaze me. She's a bona fide subject matter expert in her field.

Her creativity to create and initiate #thelinkedinchallenge is genius. It's a clever take on the #ALSChallenge. The purpose: connect and introduce two (2) Linked connections who can benefit from each other.

I participated right off the bat. Here's my Twitter conversation with Brynne:

 

4) John Mack and The Pharma Marketing Blog: #mHealtMobile Chat Takeaway: Pharma Must Involve Patients Early on When Developing Mobile Health Apps. Last week, I participated in the #mHealthPharma Tweetchat. John lead and moderated 45 global participants!

And, he performed brilliantly.

I first discovered the initial discussion thread in this LinkedIn Group: Mobile Health Global.  The topic centered on this question: "What stands in the way of pharma developing high quality mobile health apps?" This is the headline of our first debate.Participate in it here since the 25th of September. John Mack will moderate it!

I love discovering LinkedIn Discussion Groups like this one! I virtually met and conversed with smart, passionate, and thought-provoking people in the LinkedIn Group and the #mHealthPharma Tweetchat.

Here are links to their Twitter Profiles:

Check out Teresa Bau's Storify presentation. I have to learn how to do this because it's pretty cool:

 

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If yes, please share it with your friends and subscribe to my blog. Many Thanks!

 

Tony Faustino is a marketing and corporate strategist.  He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInventionFollow his tweets @tonyfaustino or circle him on Google+. 

Sunday Brunch Reads with Social Media ReInvention: Week of 09/28/14 to 10/05/14

Share-worthy links Social Media ReInvention Community Members can enjoy during Sunday brunch:

 

1) YouTube: Enhance Your Lighting – GE Commercial. Jeff Goldblum provides a brilliant and hysterical performance in the GE advertising campaign for #EnhanceYourLighting. Views continue exploding (1,394,000+ when I wrote this post). GE takes mundane advertising and transforms it into funny, memorable, and campy content.

Hat Tip — Fast Company: JEFF GOLDBLUM GETS TOPLESS FOR GE, NYC GETS A NEW HEART: THE TOP 5 ADS OF THE WEEK.

 

2) YouTube: Introducing the Post-it® Plus App. No, I won't shut up about this app because I'm a Post-it® geek. Welcome to The Collaboration Age. Enjoy this video and wear your Post-it® geekiness as a badge of honor.

 

 
3) Forbes: Gone From Microsoft, Ballmer Begins A Surprising Second Act. George Anders wrote this great profile about Steve Ballmer (former Microsoft CEO, now owner of the Los Angeles Clippers NBA franchise). Anders' article about how Ballmer is approaching this phase of his professional life is a great example of personal branding and reinvention:

  • Ballmer analytically approaches problem solving or new challenges by researching as much as he can through self-study or interviewing experts. The guy is 58, worth $22.5 billion, and wants to stay in the game.
  • Ballmer continues taking calculated risks. Anders references this quote from an August 2014 ESPN interview ESPN conducted with Ballmer“It’s not a cheap price, but when you’re used to looking at tech companies with huge risk, no earnings and huge multiples, this doesn’t look like the craziest thing I’ve ever acquired.”

4) Forbes: Finding Alibaba — How Jerry Yang Made The Most Lucrative Bet In Silicon Valley History. Parmy Olson reveals Jerry Yang's second act reinvention after leaving Yahoo in 2012. He's now a venture capitalist, Founding Partner of AME Cloud Ventures, and power broker.

Olson's article proves trust and familiarity are the heart and soul of business relationships (versus Excel spreadsheets forecasting ROI). Jack Ma (Chairman and CEO of Alibaba) and Yang's friendship started in 1997 (and may save Yahoo).

Not convinced? The Forbes article cites 36 billion reasons.

5) The New York Times: New York Times Plans to Eliminate 100 Jobs in the Newsroom. Arthur Sulzberger, Jr. (Publisher) and Mark Thompson (Chief Executive) announced the cuts October 1st. Here are some direct quotes:  

  • "The job losses are necessary to control our costs and to allow us to continue to invest in the digital future of The New York Times, but we know that they will be painful both for the individuals affected and for their colleagues."
  • (Referencing the discontinued NYT Opinion app and ongoing NYT Cooking app) "They are all experiments, which we are determined to treat as such: to learn, pivot and, where necessary, make prompt decisions about them."

I admire and respect how a revered publishing institution like The New York Times attempts to adapt a Lean Startup mindset and culture. Yes, they're conducting experiments, validating learning, pivoting, etc.  

But, it takes more than carefully sprinkled buzzwords in another announcement explaining job cuts. Organizations like The Times (and others) must wake up to the painful realization that lean startups do not require 1990's staffing levels and infrastructure.

Why doesn't the New York Times "just get on with it." They will thrive as a digital publisher. If it wants to go fully digital, why not commit now and:

  • Quantify the required subscriptions to build and sustain a digital business.
  • Determine and make the REAL job cuts needed.
  • Retain the required staff and physical assets for optimizing a digital MVP (minimal viable product).

But, it won't.

So, the bloodshed continues …

 

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Tony Faustino is a marketing and corporate strategist.  He thinks and writes about how The Internet reinvents marketing strategy in his personal blog, Social Media ReInvention. Follow his tweets @tonyfaustino or circle him on Google+.

4 More Gifts to Support Others That Power Your After Age 50 Reinvention

 

Gold Gift Box

Gold Gift Box

  

Reinventing You Book ImageNote: This post continues thoughts from 4 Gifts to Give Others to Power Your After Age 50 Reinvention. It's fifth in a series of seven (7) describing successful career reinvention after age 50 by applying principles from Dorie Clark's amazing book, Reinventing You.

Reinventing You's Chapter 9: Reintroduce Yourself: "Develop Validators" is the focus of this post.

 

4 More Gifts to Support Others That Power Your After Age 50 Reinvention

1. Write a LinkedIn Recommendation for Someone You Care About

  
Recruiters Love LinkedIn. LinkedIn may not be as sexy as Facebook or Snapchat but 259+ million members can't be wrongRecruiters and employers constantly search LinkedIn for passive job seekers (defined as someone who currently has a job but would be open to taking a better one). This phenomenon drove $224.7 million in 2013 Q3 revenue for LinkedIn Talent Solutions.

Praise Others so They Know They're Good at What They Do. LinkedIn Recommendations help your colleagues and friends promote their personal brands. They're also an important gesture to support people who may have lost their jobs due to company reorganizations.

Writing an unprompted or unsolicited recommendation without expecting anything in return makes a LinkedIn Recommendation a powerful gift because:

  • You can vouch for another person's expertise and skills (similar to a LinkedIn Endorsement) 
  • Your friend / colleague may feel awkward requesting a recommendation
  • Your recommendation can enhance another person's LinkedIn Profile

Who Can You Support with a LinkedIn Recommendation? Show you're not "just looking out for number 1." It's a great way to thank and acknowledge others who've been integral to your individual success.

 

LinkedIn Recommendations

Recommendations You Give Show Up on Your LinkedIn Profile

2. Encourage Others in LinkedIn Discussions 

Social Media ReInvention Community Members know how much I enjoy The Start-Up of YOU LinkedIn Discussion Group. Participating in LinkedIn Discussions (or initiating discussion topics) is a great way to:

  • Demonstrate your expertise in a specific field or industry
  • Develop credibility and a thought leader reputation
  • Learn from and make new connections with like-minded people 

Show Your Acknowledgement and Appreciation. When you initiate discussion topics, it's great when other members submit comments and opinions. Thank them with an encouraging tone for "putting themselves out there." Acknowledge them and express your appreciation for their input (especially if their thoughts counter yours).

Submitting Comments and Participating in Discussion Forums Requires Personal Risk. That's why people may hesitate submitting a comment for fear of criticism from either you or other members. If you're the discussion moderator, establish a positive tone. Provide encouragement early and consistently.

Encouraging and validating others in your LinkedIn Discussion shows respect, flexibility, and openness: 

 

LinkedIn Discussion Encouragement

Encouragement Fosters LinkedIn Group Participation

3. Say Thank You on Twitter #FF (Follow Fridays)

An Underrated Validator. I love #FF or Twitter Follow Fridays. Recognizing the contributions of smart and interesting members is fundamental to the Twitter Commuity.

State Why Someone Deserves the #FF Mention. Differentiate the individual (and yourself) by describing why another person is worth following. The most common mistake in Follow Fridays is the common "mass communication" #FF "Insert As Many Twitter Handles as I Can in 140 Characters or Less Without Saying Why:"

 

Bad #FollowFriday Example

The Mass Communication #FF #Follow Friday Mistake

Be Different. Put thought and creativity in your #FF tweet. Make your #FF tweets more memorable and separate them from the mass communication pack:

Favorited #FF Tweet 1

Example #1: Describe Why You #FF'd Someone

 

Favorited #FF Tweet 2

Example 2: Describe Why You #FF'd Someone

4. Share Klout +K's With Your Online Friends and Fans

How Influential Are You in the Social Media Universe? Since 2008, Klout.com has attempted to answer this question. The premise behind Klout is that our collective social media participation and influence can be captured, measured, and scored

Your Klout Score Can Have Important Career Implications. According to Seth Stevenson's Wired.com article, What Your Klout Score Really Means, your score matters (especially if you work in or aspire to work in online media). If you actively participate in social media, be aware of your score. 

Share +K's to Help Others Build Influence. Identify the people who support you and spread your ideas. Acknowledge and thank them. Reward their support with Klout +K's in specific topics like Twitter, Social Media, or Blogging.

Giving your friends and fans +K's signals to others that they share great content

Providing +K's in the New Klout Platform. Here are the basic steps:

  1. Find the Klout Profile of the person you'd like to give the +K
  2. Locate the Klout topic you want to select
  3. Hover your cursor over the topic to select it (the topic should become red)
  4. Select that topic and give the +K

 

Imrich Tatiersky Klout +K

Steps 1 and 2 to Give +K's in New Klout Platform

 

Martin Drdak Klout +K

Steps 3 and 4 to Give +K's in New Klout Platform

 

Closing Thoughts

Give and You Will Receive. Be generous to others. Be kind. Support others and third party validation takes care of itself.

What Do You Think? Please let me know in your comments.

If you enjoyed this post, here are the others in the series:

Photo Credit via flickr by sparkleblues

 

Your Turn

Please let me know if you agree or disagree with my thoughts in the comments. I would love to hear from you. I’m here to read, listen, and learn from YOUR PERSPECTIVE.   Comments are open. So let’er rip!

 


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Lesson 3A of 6: Reinventing You After Age 50 Case Study — Michael Ovitz and Developing Validators

Mother of Reinvention

Career Reinvention After 50 Is Possible

IMPORTANT NOTE: This case study series is a self-initiated interpretation and analysis by me, the blog author.  I want to make it clear that neither Dorie Clark nor Michael Ovitz were consulted or personally endorsed this case study and how I've applied the analysis to the valuable teachings in Reinventing You.

 

Are You Too Old to Professionally Reinvent Yourself After Age 50?  

No!  You still have time.  The real question you should is: How Much Are You Going to Focus, Your Unique Assets, Time, and Energy into Your Post-50 Career Reinvention?  

If these thoughts run through your mind or resemble one (or more) of the following, I encourage you to keep reading:

  • "I just got layed off and am looking for a job (or I'm worried about getting layed off) …" or
  • "I love to learn, try new things, and build different skills …" or
  • "What do you mean by unique assets?  What the hell are you talkin' about?  I don't think I have any …"  

Because YOU CAN Successfully Reinvent Yourself After Age 50

 

Reinventing You Book Image

Reinventing You by Dorie Clark

This post is third in a series of six (6) about successful career reinvention after age 50

In this post (and the other five), I talk about linkages I see from Michael Ovitz's career reinvention after age 50 to six (6) of Dorie Clark's Reinventing You principles from Chapter 9: Reintroduce Yourself and Chapter 10: Prove Your Worth.

The bullet point highlighted in blue is the Reinventing You principle analyzed in this post:

  • Develop Validators
  • Leverage Symbolic Actions
  • Go Where The Action Is
  • Building Your Portfolio

Note: The following analysis references examples from the October 2013 Fortune Magazine article: Ovitz Does Silicon Valley by David A. Kaplan to describe Michael Ovitz's latest career reinvention in the context of Reinventing You's valuable teachings.

Lesson 3A: Develop Validators

 

Validators

Who Are Your Validators?

Dorie Clark emphasizes the importance of "having other people talk us up."  Here are key quotes from Reinventing You's Chapter 9: Reintroduce Yourself — Develop Validators:


Another important way we can convey our new identities is through external validators, that is, other people talking us up. As a powerhouse group of researchers led by both Jeffrey Pfeffer and Robert Cialdini discovered, the secret is to have someone else bragging for you.
(Jeffrey Pfeffer) "People don't like people who self-promote. But ironically, even if you self-promote through the mouths of other people, somehow that stigma doesn't get associated with you.  It's much better to have someone else toot your horn." 
 

 

Defenders

Who Are Your Defenders?

 

Powerful and Influential Third-Party Validators Address Key Objectives for Michael Ovitz: (1) Promoting Him as a Trusted Silicon Valley Advisor and (2) Defending Him Against Critics.  Since 1999, Mr. Ovitz developed and nurtured business relationships with Sillcon Valley's movers and shakers.  These people provide and support him with significant third-party validation:

These direct quotes from the aforementioned October 2013 Kaplan-Fortune article highlight how Mr. Ovitz's third-party validators defend and talk him up:


1. Marc Andreesen on Mr. Ovitz role as a trusted advisor to Andreesen Horowitz (Andreesen's venture capital firm):


There are similar tales of Ovitzian assistance around the Valley as he rises again, this time far removed from the lights of show business. At Andreessen Horowitz, the venture capital firm, Ovitz is an in-house mentor on how to build a full-service operation in the mold of Creative Artists Agency, the Hollywood talent monolith he built and ran from 1975 to 1995.

"Michael is the classic kind of entrepreneur that we like up here — he's highly aggressive, he's highly disruptive," says Marc Andreessen, with whom Ovitz has cultivated a relationship since 1999. "Michael's a very close friend of the firm. He's a great friend to have." He's also an investor in the firm, though AH won't say for how much. 

2. Peter Thiel on the C-Level, cross-industry breadth and depth of Mr. Ovitz's business connections:


"Michael can get us in to see any CEO in the U.S.," Thiel says.
 "The Valley has this excessive insularity. But he has cross-sector relationships in New York, L.A., and other places."  Thiel says Ovitz has a preternatural ability to 'learn things quickly and then communicate them to the outside world."

Since the dotcom implosion of the late 1990s, he (Thiel) says, too many new companies in the Valley have 'retrenched,' de-emphasizing relationships with other businesses and institutions.  Consulting Ovitz, whose network Thiel calls 'second to none,' has been a way to overcome that inclination.

3. Peter Thiel, Marc Andreesen, Peter Szulczewski, Joe Lonsdale, and Boris Sofman discuss Mr. Ovitz's critics and detractors:


Says Thiel (Peter): "I've learned to discount bad things said about people by rivals, and I'm not aware of a single bad thing about Ovitz that wasn't said by a rival."

Although Andreessen and others in Ovitz's new circle acknowledge the skepticism, they have different takes on it. Andreessen is the most dismissive of Ovitz doubters and ascribes Ovitz's repute more to the peculiarities of Hollywood than to any of his own faults. "We're used to guys like that here — I mean, Steve Jobs, for God's sake! Or my career, right?" Andreessen says. "That's the cultural difference between Silicon Valley and L.A." Had Intel's Andy Grove or Netscape's Jim Clark made his mark in Hollywood, according to Andreessen, he'd have the same kind of bad-boy name as Ovitz.
Peter Szulczewski of Wish says, "I haven't seen the type of things that people warned me about."
Formation 8's Joe Lonsdale agrees. "People are naturally more cautious because of his history," he says. "But he's (Ovitz) demonstrated awesome value in so many tangible ways to different people that they overlook it. And it's hard to map out what's true and what isn't." Ovitz is a limited partner in Formation 8, with a "small" investment of "under $5 million," as the firm describes it.
"There's a disconnect between a lot of the things written about him and kind of the person we've gotten to know," says Boris Sofman, the CEO and co-founder of Anki, who talks almost daily with Ovitz. Sofman says Ovitz has alluded to his own past by counseling Sofman on what happens when you're successful. "When you lead in your industry," Ovitz told him, "it's easy to start getting vilified, and the tide can turn on you quickly and unexpectedly."
Sofman says Ovitz has no stake in Anki, not even advisory fees. That may merely mean Ovitz hasn't asked yet. Or, as Sofman suggests, it could be that Ovitz really is in it for more than the money. "One of the things he shared with me is he truly loves working with young people," says Sofman, who just turned 30.

 

Closing Thoughts

Your Turn. Okay, you may still be thinking:

  • "I don't have high-profile, high-powered connections like Michael Ovitz …"
  • "Even if I did, how could or why would any of my connections 'talk me up' …"
  • "If I were to ask, wouldn't my connections be offended. It's sleazy to ask for third-party validations  …"

 

Ipad and iphone

Your Third Party Validators Are In The Palm of Your Hand

 

YOU HOLD Multiple Assets and Connections In The Palm of Your Hand.  They're in your laptop hard drive. They're accessible via the keyboards on your laptop, smartphone, or tablet.   

YOU CAN mobilize these connections on your behalf with a few keystrokes or finger swipes. 

YOU HAVE Michael Ovitz-Like Third-Party Validators.  It's all relative. You already know and are connected to influential third-party validators through these online assets and communities:

  • Your Personal Blog
  • Blog Comments on Other Blogs
  • LinkedIn
  • Twitter 
  • Klout

Build Your Relationships with Your Validators by Blogging, Commenting, Connecting, Tweeting, and +K'ing.  I connect with my third party validators on a weekly basis via these online assets and communities.  Several of these kind and generous people are highly influential and powerful in their respective professions.  These wonderful people generously support me as career mentors and allies in my personal branding and online reputation work.

Focusing on building these types of assets and participating in these communities enables you to do two important things:

1. Connect with like-minded people who share your values

2. Build what Dorie Clark refers to as an intellectual property (IP) portfolio 

Let me be candid: 

  • I'm not a rocket scientist (just ask my wife and my 9-year old daughter).
  • I'm not a New York Times, Wall Street Journal, or Amazon.com best-selling book author.

I'm just a regular dude who enjoys:

If I Can Do It, You Can Too.  I'll describe my own experiences on developing and cultivating relationships with my third-party validators in the next post in this series on Reinventing You After Age 50.

Lesson 3B: Developing Validators with Your Personal Branding Online Assets is scheduled for a February 2, 2014 publication.  

If you enjoyed this post, here are links to the series' first two posts:

 

 

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Photo Credit via flickr by World of Good

Photo Credit via flickr by xfile001

Photo Credit via flickr by Joriel "Joz" Jimenez

Photo Credit via flickr by spieri_sf 

 

Lesson 2 of 6: Reinventing You After Age 50 Case Study — Michael Ovitz and Shifting Your Behavior

Mother of Reinvention

Reinvention After Age 50 is Possible

 

IMPORTANT NOTE: This case study series is a self-initiated interpretation and analysis by me, the blog author.  I want to make it clear that neither Dorie Clark nor Michael Ovitz were consulted or personally endorsed this case study and how I’ve applied the analysis to the valuable teachings in Reinventing You.

You’re Not Too Old to Reinvent Yourself After Age 50

Reinventing You Book ImageThis post is second in a series of six (6) about successful career reinvention after age 50.

In this post (and the other five), I talk about linkages I see from Michael Ovitz’s career reinvention after age 50 to six (6) of Dorie Clark’s Reinventing You principles from Chapter 9: Reintroduce Yourself and Chapter 10: Prove Your Worth.

The bullet point highlighted in blue is the Reinventing You principle analyzed in this post:

  • Shift Your Behavior
  • Develop Validators
  • Leverage Symbolic Actions
  • Go Where The Action Is
  • Building Your Portfolio

Note: The following analysis references examples from the October 2013 Fortune Magazine article: Ovitz Does Silicon Valley by David A. Kaplan to describe Michael Ovitz’s career reinvention in the context of Reinventing You’s valuable teachings.

Lesson 2: Shift Your Behavior

 

Change or Chance Dice

Change or Chance?

Changing Behaviors Can Augment Our Career Reinvention Process.  For example, some people may mean need to become more proactive in making business connections by reaching out and inviting them to lunch or an early morning cup of coffee.  For others, it may mean putting together a campaign to submit and pitch articles to industry publications so to build a thought leadership reputation in a new industry community.

The behavioral change will be different for everyone, but following through is important. Here’s a direct quote from Reinventing You:

Small tangible signals are only part of the battle, however.  The biggest challenge is changing your behavior to reflect your new goals and reality.

 

Change MuralFrom Hollywood Dealmaker and Power Broker to Trusted Advisor and Business Coach.  Mr. Ovitz now leverages his wealth of Hollywood client advisory experiences to counsel growing Silicon Valley startups and their young executives.  He’s not directly involved in “making the deals” for the entrepreneurs he now advises. But, he coaches, prepares, and reassures these entrepreneurs so they can successfully execute deals, negotiations, or other key (and sometimes unfamiliar) business activities required for company growth.

Here are examples from the Kaplan-Fortune article:

Managing Growth.  At Anki, a consumer-robotics startup, the CEO says Ovitz has advised him during some late nights about ‘psychological transitions’ as his company grows.

Pitching Wall Street.  At Formation 8, a flush new VC fund focused on Asia, Ovitz has explained to the three investment partners how to hone their image and brand for Wall Street types.  “Michael knows that world too,” says Joe Lonsdale, one of the young Formation 8 partners.  “He can show us how to ask them for a favor, but how not to push to hard.”

Telling Your Company’s Unique Story and Providing Reassurance.  Ovitz serves as a guru to other prominent people in the tech world, including Tony Bates, the president of Skype, and Brian Chesky, CEO of Airbnb, the home-sharing network.  Ovitz coaches them on culture and storytelling.  He picks them up when they have bouts of doubt.

Closing Thoughts


Things Can ChangeMore Than a Decade Before Reinventing You’s Publication, Mr. Ovitz Successfully Applied the Book’s Valuable Principles.  His focus, street smart savvy, and resilience are why Michael Ovitz successfully continues “working his magic” after age 50.  That’s why personal branding or personal reputation management is especially important for 50+ year-old professionals.

Shun The Naysayers and Critics. Mr. Ovitz did. Tenacity and mental toughness are critical.

Professional Reinvention After 50 is More Than Possible.  Michael Ovitz proves it can be done (and he’s approaching 70).  And, Dorie Clark’s Reinventing You shows you how to do it.


Our Turn: What Behaviors Do We Need to Shift?
  Changing and executing these behaviors may make us uncomfortable. These may include trying new things that may not work. But, taking intelligent risks is an important part of career development (and reinvention).

  • Why not, submit some of your best blog posts to certain publications to become a contributing writer / editor?
  • Why not, directly connect on email, Twitter, LinkedIn, (or another social network) to a renowned business author or respected business leader (especially if you can provide her/him something of value)?
  • Why not, make that phone call or send that email to a potential, new business connection inviting them to breakfast, coffee, or lunch?  Maybe, you have something that can help advance that person’s career (i.e., a LinkedIn connection, a blog post supporting that person’s book, thousands of engaged Twitter followers, etc.).

If you proactively built your personal brand or online reputation, you hold differentiating personal assets.  Maximize those “soft assets” and don’t underestimate their power.

If It Makes Us Nervous, We’re on the Right Track.  The worst that can happen is any of the above (or all of the above) say no.  But, all it takes is one “yes” …

… and that “one” may lead to something life-changing and magical.

 

If you enjoyed this post, here’s the link to the first post in the series.  Please stay tuned for the next post in this series on Reinventing You After Age 50–Lesson 3: Develop Validators is scheduled for a January 24, 2014 publication.  

 

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Lesson 1 of 6: Reinventing You After Age 50 Case Study – Michael Ovitz Proves Status Can Be Taken With You

Mother of Reinvention

Career Reinvention After Age 50 Is Possible

IMPORTANT NOTE: This case study series is a self-initiated interpretation and analysis by me, the blog author.  Dorie Clark and Michael Ovitz were neither consulted nor involved in how I developed the following analysis.

 

Reinventing You Book Image

Reinventing You by Dorie Clark

Do YOU Think You’re Too Old To Reinvent Yourself After Age 50?


Author and frequent Harvard Business Review and Forbes contributor, Dorie Clark would say you’re wrong
.  And, she’s right on the money.

I agree we’re never too old to continuously shape our professional reputations (and portfolios).

Dorie Clark’s book, Reinventing You is one of my favorite MUST-READ business books of 2013.  Reinventing You is a GREAT investment for your professional career.  Dorie’s book is a personal and professional development GIFT.

Reinventing You After Age 50 Case Study: Michael Ovitz

Instead of a traditional book review, I’m applying Dorie’s thoughtful teachings to a successful real-world, high-profile career reinvention after age 50: Michael Ovitz, Owner of Broad Beach Ventures LLC.

Before There was Ari Gold and Klout, There was Michael Ovitz.  Mr. Ovitz personified and defined Hollywood business clout and influence.  For younger Social Media ReInvention Community Members, Michael Ovitz as the co-founder and leader of Creative Arts Agency (CAA) became Hollywood’s most powerful talent agent. Mr. Ovitz was THE Hollywood powerbroker — ask David Letterman.

CAA’s stellar client list and and Ovitz’s unique skills and strategic vision in “packaging” actors, directors, screenwriters, and other CAA talent as “solution offerings” (similar to how management consulting firms position their service capabilities) differentiated CAA and propelled his Hollywood influence.

Today, Mr. Ovitz No Longer Plays Hollywood Power Broker.  From 1995 through 2002, he publicly experienced high-profile, professional setbacks.  To say his detractors and former competitors delighted in these failures is an understatement.

I Admire and Respect Mr. Ovitz’s Resilience in Reinventing Himself.  For the past 11 years, he’s shifted and focused his unique talents, assets, and energy to the technology world. According to David A. Kaplan’s October 2013 Fortune Magazine article, Ovitz Does Silicon Valley, Mr. Ovitz methodically reinvented himself as a top advisor to Silicon Valley technology companies.


Still Think You’re Too Old to Reinvent Yourself After Age 50? 

This post is first in a series of six (6) about successful career reinvention after age 50.

The aforementioned Kaplan-Fortune article provides examples of Michael Ovitz’s latest career.  In this post (and the next five), I will talk about linkages I see from Mr. Ovitz’s reinvention after age 50 to six (6) of Dorie Clark’s Reinventing You principles from Chapter 9: Reintroduce Yourself and Chapter 10: Prove Your Worth.

The bullet point highlighted in blue is the Reinventing You principle analyzed in this post:

  • Status — You Can Take It With You 
  • Shift Your Behavior
  • Develop Validators
  • Leverage Symbolic Actions
  • Go Where The Action Is
  • Building Your Portfolio

 

Lesson 1: Status — You Can Take It With You

 

Halo Effect

The Halo Effect

Maximize the Halo Effect of Your Unique Competive Advantage. In Reinventing You’s Chapter 9, Reintroduce Yourself, Dorie writes about the “halo effect” (as described by Jeffrey Pfeffer, Stanford Graduate School of Business and author of Power: Why Some People Have It–And Others Don’t):

“It’s a psychological phenomenon known as the ‘halo effect.” “If I think you’re good in one domain, I think you’re going to be good in other domains, as well. There’s the presumption that talented people have this set of generalized abilities.”

That ‘durability of reputation’–across both time and situations–makes it essential for you to be strategic about how you’re perceived from day one.  “You need to do something to build a very good reputation, a personal brand, and that will help you not only in your current place but in other places, as well.”

The secret, then is to leverage both your past experiences and the confidence that you’ve derived from your accomplishments.  After all, other people take their cues from you, so when you’re introducing your new brand, assume that others will welcome your contribution.

 

Golden Key

Key to the C-Suite

Michael Ovitz’s Unique, “Halo Effect” Competitive Advantage: CEO and Executive Chairman Level Access Across Multiple Industries.  The Kaplan-Fortune Article describes two examples of how Mr. Ovitz leverages his lifelong business connections and maximizes his former Hollywood mogul / dealmaker / powerbroker status to open C-Suite doors previously closed to young, Silicon Valley entrepreneurs.

 

 

  1. Peter Szulczewski, CEO of Wish.com:  The October 2013 Fortune article describes how Mr. Ovitz assisted Szulczewski when he ran into problems with initially securing the company’s domain name.

The company had an uninspired name, ContextLogic, and its beta website was the forgetable wishwall.me.  Wish.com wasn’t available.

Ovitz saw immediately that the domain name was critical.  “I can help with that!” he (Ovitz) told Szulczewski, and, with his big swinging Rolodex, within weeks tracked down the owner of wish.com.  It was a French subsidiary of Barry Diller’s IAC. Szulczewski handled the actual negotiation — he won’t disclose the price — but Ovitz war-gamed tactics beforehand.

  1. Peter Thiel, Venture Capitalist, PayPal co-founder, and Chairman of Palantir Techologies on the breadth and power of the the Michael Ovitz business network (also from the Kaplan-Fortune article):

“Michael can get us in to see any CEO in the U.S.,” Thiel says. “The Valley has this excessive insularity. But he has cross-sector relationships in New York, L.A., and other places.”  Thiel says Ovitz has a preternatural ability to ‘learn things quickly and then communicate them to the outside world.”

Since the dotcom implosion of the late 1990s, he (Thiel) says, too many new companies in the Valley have ‘retrenched,’ de-emphasizing relationships with other businesses and institutions.  Consulting Ovitz, whose network Thiel calls ‘second to none,’ has been a way to overcome that inclination.

 

Closing Thoughts

More Than a Decade Before Reinventing You’s Publication, Mr. Ovitz Successfully Applied the Book’s Valuable Principles.  His focus, street smart savvy, and resilience are why Michael Ovitz successfully continues “working his magic” after age 50.

During this reinvention period and today, Mr. Ovitz shuns his critics and naysayers.  Tenacity and mental toughness are critical to a successful career reinvention (at any age).

Professional Reinvention After 50 is ABSOLUTELY Possible.  Michael Ovitz proves it. Dorie Clark’s Reinventing You shows us how to do it.

Our Turn.  Here’s a link to the landing page for Dorie’s free, Professional Reinvention Self Assessment.  Let’s take inventory of ourselves and ask:

  • What are our unique competitive advantages?
  • What makes us different from others in our current field (and the new domain we want to break into)?
  • How can we help others, what doors can we open, and who are the unique connections in our business networks so we can maximize our individual halo effects?

Those unique competitive advantages can help us “work our magic.”

Just like Michael Ovitz …

Please stay tuned for the next post in this series on Reinventing You After Age 50. Lesson 2: Shift Your Behavior is scheduled for a Friday, January 17, 2014 publication.

 

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