"Right now, nothing is more important than a nimble, agile leader, who is comfortable with ambiguity and figuring it out as they go along."
--Avon (AVP) President Liz Smith, in a discussion led by Pattie Sellers at NYU today. The panel, which also included Cece Sutton, Morgan Stanley's (MS) new retail banking president, was hosted by Forte Foundation. (To view video of the dialogue, click here.)
Smith and Sutton, both on Fortune's Most Powerful Women list, talked about how the global recession has altered what they seek in the talent they recruit. Smith values flexibility and a certain comfort with not knowing what tomorrow will bring--because more than ever, who can predict? Management, she said, has become "less strategic planning than scenario planning: 'If this, then what?'"
It's also more important than ever to be "completely transparent in order to take your people along on the journey," Smith said. Sutton agreed, adding: "People who are successful now are great operators: Know the business and be in the weeds." --Jessica Shambora
"At the end of a day the performance of a company like Kraft has everything to do with the quality of the people that we have in the key roles and so I spend most of my time worrying about whether that's the case, making sure...we have the right people in the right places, that they have the resources that they need to get the job done."
-- Kraft (KFT) CEO MOREJessica Shambora, Writer-Reporter - May 5, 2009 6:57 PM ET
On Friday, I left you with a promise: that I'd find something new and proactive to do to answer President Obama's call to "responsibility"--which seems to be the buzzword of his Administration.
I found my "to do" this weekend--but before I tell you what I decided on, let me share briefly what I spent yesterday working on. Carrie Welch, my onetime Fortune colleague and former Most Powerful Women Summit co-chair, and MOREPatricia Sellers - Mar 2, 2009 2:10 PM ET
We've spent the last three months slicing and dicing the accomplishments and career histories of the most powerful women in business -- far too many facts and figures to fit into our Most Powerful Women package in the magazine. Here are 10 intriguing facts that we couldn't find space for in print:
Youngest woman to ever appear on the list: Marissa Mayer, VP of Search and User Experience at Google (GOOG). MOREJessica Shambora, Writer-Reporter - Sep 30, 2008 12:11 PM ET
|The Deep Web you don't know about|
|Colorado gets $2 million from marijuana taxes|
|Pizza chain Sbarro files for bankruptcy|
|AT&T cuts prices again|
|Invest $1 million, try for a U.S. green card|