Capital Markets / Investor Relations in Two Minutes or Less
Paul Maurice and Investor Relations – Part 2
“It takes what it takes.” Anonymous Friend.
A career, and ultimately success, represents an uneven road with a lot of twists and turns.
Achieving career success ultimately, takes what it takes.
You do not know how long or how many different jobs you will need to hold in order to achieve ultimate success.
Paul Maurice, the Head Coach of the Stanley Cup Champion Florida Panthers illustrates this phenomenon vividly.
The Paul Maurice IR Hat Trick
Recall there are three parts to the Paul Maurice Hat trick
1. Leadership
2. Experience
3. Team / Situation
Today’s post focuses on the experience portion of the hat trick.
Paul Maurice + Experience + IR
Career success really translates to time plus opportunity.
Over the course of quarters and years, how often does a person get to practice and develop his or her chosen craft.
The ability to encounter change, learning, and illustrate adaptability lead to success.
For Paul Maurice, it took more than 30 years to reach the pinnacle of his chosen craft, coaching in the NHL.
He had to work through at least five NHL head coaching gigs, , two minor league coaching gigs, and one KHL coaching gig.
Every one of these unique experiences taught him to scale and develop the skills needed to win the Stanley Cup this year.
Translating Experience to Investor Relations
In IR experience comes down to the following: Can an IRO scale across
1. Different types of companies?
2. Different types of industries?
3. Different types of management teams?
4. Different types of investor bases?
The more opportunities an IRO gets to exhibit scale across these four variables, the more likely that IRO will have replicable success going forward regardless of the dynamics of a given situation.
Key Learnings:
If you are an executive looking to hire best-in-class Investor Relations consider the following:
1. Can the IRO scale across the four variables?
2. What did the IRO face in each stop comprising his or her tenure?
3. What skills did the IRO develop across these different stops?
Remember, a best-in-class IRO can develop an immensely valuable skill set in short stints.
Sometimes one year of experience represents 10 years of experiential learning and skill development.
Often times the person with shorter tenures with scale will better unlock shareholder value than the IRO with 10 years in one place.
Never underestimate the ability to adapt and change successfully to different unique environments!
Always here to connect to help you implement best-in-class investor relations!
Wishing you an epic Tuesday!
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