By: Art Markman June 15, 2018 (Harvard Business Review)
In almost any business these days, you are guaranteed to interact with people whose cultural background is quite different from your own. In a global organization, you may have colleagues that come from a different country. You may partner with organizations whose employees come from another part of the country. There may also be cultural differences between you and some of the customers and clients you serve.
By: Suzanne de Janasz and Maury Peiperl (Harvard Business Review April 2015 Issue)
In 2010, when David Nish was promoted from CFO to CEO at Standard Life, he knew the scale of the challenge his company faced. The 185-year-old giant had just embarked on a sweeping transformation from an insurer to a long-term savings and investment company. Nish also knew that as the person leading the change, he would be tested by decisions and management situations he hadn’t encountered in the past. Certain that he could benefit from the perspective of someone who had been down similar roads before, Nish turned to a somewhat unusual adviser: Niall FitzGerald, a former chairman of Unilever.
The mentoring relationship they subsequently established is illustrative of those we have studied in our research—a two-year inquiry into an emerging way in which new CEOs in large organizations gain access to seasoned counsel and feedback. We found dozens of executives who were accelerating their learning by engaging the services of high-profile veteran leaders from outside their companies. To learn more about this growing but as yet undocumented phenomenon, we interviewed 15 chairman mentors and 25 protégés—CEOs, CEO designates, and CFOs. (Chairman Mentors International facilitated access to many of the study participants.)
On the basis of what we heard, we are convinced that more CEOs should connect with mentors rather than assume that theirs is a burden to be shouldered alone. But we also discovered aspects of such arrangements that make them trickier than the mentoring that takes place at lower organizational levels. At the CEO level, special considerations must go into making a match between mentor and mentee, structuring their sessions to deliver the intended benefits, and prioritizing the process so that it isn’t crowded out by other demands. By sharing what we’ve learned about these issues, we hope to pave the way for more use of this highly efficient learning model.
Read the full article here.
Posted by: Rick Turoczy (Originally published at siliconflorist.com on July 3, 2012)
Around the time PIE was starting the accelerator phase of this ongoing experiment, David Cohen, cofounder of TechStars, shared the TechStars Mentor Manifesto. And it served as an inspiration for me. A post by Micah Baldwin, a former TechStars mentor, provided a similar nudge for me.
I’m often reminded to go back and reread both of these posts and am inspired, again and again. So I thought I’d take the opportunity to augment the PIE mentor guidance a bit with some things that we’ve learned from observing PIE startups and mentors over the years.
We shared these tips with the PIE mentors and a few of them suggested we turn it into a blog post for the broader mentor community.
So we took that mentoring to heart.
If you’re thinking about becoming a mentor for startups — either in a formal accelerator program or independently — here are some tips for thinking about how to work with entrepreneurs.
Read on here for 10 tips for mentoring startups.
By Paula Pant Posted: 10/16/14 Updated: 11/10/17
In addition to helping large Fortune 500 companies, #mentoring is beneficial to small businesses as well. For Entrepreneurs, There Are Some Questions You Just Can’t Research Online
You’d love to become your own boss. You’ve always dreamed of starting a cake business, running your own car dealership, or launching a consulting practice.
Lately, that dream has morphed into a plan. You’ve built some savings. You’ve carved out a home office. You have approval from your spouse.
But there’s one incredibly important piece of the puzzle that you may be lacking: a mentor.
Why a Mentor?
You can read all the books about writing business plans, managing self-employment taxes and filing LLC paperwork. You can study the biographies of the leaders in your field. But unless you have a trustworthy person who can provide direct feedback that’s unique to your situation, you won’t be able to improve as quickly or as well.
So where can you find a mentor? To read the rest of this article click here.
Lisa Fain and Lory Fischler facilitate Mentoring training at National Geographic in Washington, DC on May 2, 2018