Tag Archives: procurement podcast

The BIGGEST Mistake Leaders Make On Their Way To The Top

Procurement leaders, listen up! We hate to break it to you, but life’s not fair. And neither is your procurement career! 

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Career Boot Camp 2017 launches on 4th September, featuring podcasts  with 5 global CPOs. Sign up here (It’s FREE!)

How many times have you been told about someone’s promotion and thought “how did they get that job? I would have been great for that!” Rejected and demotivated, you head home, resolute to move companies. You pour a tall glass of wine and start polishing your resume.

I’ve worked with hundreds of CEOs, CFOs and CPOs. I’ve seen people rise to the top, sink hard and fast to the bottom and flounder somewhere in between – never quite gaining the momentum required to propel an upward trajectory on their career.

From my experience, the biggest mistake people make in their quest for the c-suite is believing that the promotion process is fair.

Life’s not fair, and neither is your career…

You can do all the right things but it doesn’t mean you are going to land yourself the next big job. Corporations are complex and corporate politics are tricky, which means you’ll never really see the full picture.

You might be a rock star employee who delivered on all your KPIs, participated in “extra curricular” activities, and can boast a strong and supportive network (you even know the CEO!) but it doesn’t mean you’ll be offered your dream role.

So why do highly qualified candidates miss out on the top roles? There are a million and one reasons and you may never know the real answer. Some of the reasons for rejection will be about you, others will be about the company.

Here’s a handful of reasons why you may be blindsided:

Things that are not about you

  1. A change in strategy direction (ie. they put in a marketing person because they want “customer focus” or an IT person because they want a “technology focus”)
  2. The leadership team has changed and you are perceived as being part of the “old regime”
  3. They want to find a leadership role for another high potential employee and this is the best opportunity at that time
  4. There is a bias in the selection process. Even though companies are becoming increasingly aware of unconscious bias, it still may exist. Thirty years ago my husband participated in a leadership conference for 23 participants, 21 of whom were first-born sons, 1 female and 1 other male…which was my husband! Alternatively there may be a conscious bias to improve the diversity of the leadership team.

Things that are about you

  1. You’re not perceived as having the right level of experience (whether you do or not is irrelevant)
  2. You’re not promoting yourself enough. This doesn’t necessarily require an elaborate self-promotion campaign.It can also simply mean delivering on the basics. For example, one CFO told me he went into his internal HR system and some candidates didn’t even have their CV up to date, or a photo on fil That will make it unlikely for you to be selected. If you only do ONE thing as a result of reading this….PLEASE update your in-house profile!
  3. You’ve upset someone along the line. In hindsight, the inappropriate comment at an important executive meeting or the impromptu performance at the Christmas party may have been a career-limiting move. I actually know someone who slid down the boardroom table at a Friday night drinks, which may (or may not) have been forgotten, except that his belt buckle engraved a huge scratch from one end to the other – which was all too apparent to the Directors on Monday morning.
  4. Of course, the obvious: you just aren’t qualifi­­­­ed for the role!

It’s a long way to the top

As the famous ACDC lyrics go, “it’s a long way to the top if you want to rock ‘n’ roll” – tenacity is key. Wait patiently, which is not my strong suit, ­­­ for “your time”.

There is a direct correlation between how quickly you bounce back from a career disappointment and how quickly you get promoted. If you’re going to thrive, you need to take a long-term view on your career and build up your career resiliency.

I’ve seen this time and time again. One of my favourite examples was a mentor of mine who was at one point in a heated competition with one of her peers for the CPO role. Unfortunately she missed out, but quickly changed her perspective, becoming the trusted 2IC to her former peer, now boss.

Within twelve months she was headhunted to become the CPO of an even larger organisation! And guess who one of her biggest fans was? Yep!The very same person she had been competing with just a year ago; former peer and now boss,the CPO. How circumstances change!

Remember your career is not a sprint, it’s a marathon. You need to build career resiliency. In the long run, your endurance will pay dividends and chances are, you’ll land the dream job when you least expect it.

Career Boot Camp 2017 launches on 4th September, featuring podcasts with 5 global CPOs. Sign up here (It’s FREE!)

 

Personal Development: You Da Brand!

So you’ve decided you need to take your procurement career to hand by proactively managing your personal development? Here’s how to set yourself up for success.

 

 

 

 

 

 

 

 

 

 

Career Boot Camp 2017 launches on 4th September, featuring podcasts  with 5 global CPOs. Sign up here (It’s FREE!)

What are the attributes of top talent within procurement?

Are there any common themes among successful leaders?

Where should I focus to ensure my career continues to progress?

These are but a few of the many questions you’ll have asked at different stages in your career.  But I’d like to make the assumption that a focus on personal development is the area that suffers above all else. Workload, pressures of a role, delivery objectives and even personal life challenges  means we are constantly investing in the here and now, and not on our longer-term aspirations.

Personal development is a topic we are enormously passionate about at Michael Page. Not just for our own employees, but also through the conversations we have with candidates and clients every day. A lack of development is often cited as a main reason to change roles, with development and progression opportunities both being a compelling sell for a new employer.

It’s a wonderful thing to be inspired to take control of your career development. But it’s also easier said than done, particularly when it comes to kickstarting your journey. Here are my four key building blocks to help you set yourself up for great success!

1. What does good look like?

When thinking about your own personal development, a great place to start is to gain an appreciation of what good looks like, think of someone you have worked with that has stood out from the crowd and use that as your inspiration.

2. Using failure to progress

The starting point for me when thinking about individual procurement and supply chain leaders who stand out from the crowd is often bravery. Having the confidence and foresight to try something different. This approach requires a corporate culture and environment that encourages ideas and isn’t restrictive. On a personal level, having a growth mindset is critical for framing outcomes as a development of one’s own capability. Failure should help move you forward as much as success would.

3. Nature or nurture?

One of the questions you should ask yourself is how much your culture, environment and leader, enables you to show this type of bravery. The strongest leaders will encourage you to think differently, whilst also allowing a sufficient degree of autonomy to do so. More importantly, they’ll provide cover for you internally should things not work out as desired. It is important to work for these types of individuals for your own growth and development as a leader but the type of organisation you’re in is also critical. It needs to be one that has a clear focus on development and a path for progression.

4. You’re the brand!

Think of yourself as a product. You can only take a highly effective product so far without the right marketing and brand behind it. Equally, a product with strong marketing backing and investment that doesn’t deliver what the customer wants will ultimately fail. As an individual, you have to develop your procurement toolkit, your softer skills and general competence. But you also have to build a strong personal brand. Think about the CPO’s that you aspire to be like.  Your reasons are informed through a mix of their achievements and career highlights, but also the personal brand that they have created.

Be bold, be forward thinking and creative, find an environment that enables you to do these things. Above all, live your own personal values and beliefs then create a personal brand that is true to who you want to aspire to be.

Michael Page Procurement and Supply Chain have partnered with Procurious to bring you a series of podcasts from some of procurement’s leading lights.

Throughout this podcast series, five global CPOs will talk about their career journeys and the skills required to become tomorrow’s CPO. We hope this will provide you with the chance to reflect and positively affect your own development and longer-term career aspirations.

Career Boot Camp 2017 launches on 4th September, featuring podcasts  with 5 global CPOs. Sign up here (It’s FREE!)

5 Global CPOs Answer Your Top 5 Procurement Questions

How did the CPOs at Barclays, Vodafone, The Co-operative group, AstraZeneca and Rio Tinto fare when we put them to the test in a round of quick-fire questions?

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Career Boot Camp 2017 launches on 4th September, featuring podcasts  with 5 global CPOs. Sign up here (It’s FREE!)

Wouldn’t you like to know how the best in the business feel about the value in professional certifications? Or maybe you’re keen to hear their take on the biggest mistakes made by procurement pros?

There’s just one week to go until we launch Career Boot Camp 2017, sponsored by Michael Page Procurement and Supply Chain and we can’t wait for you to hear all five podcasts!

Featuring tips, insights and guidance from the best in the business, each of our five  CPOs will dedicate next week to coaching you on becoming the best procurement leader you can be!

Can’t wait that long? We thought we’d give you an exclusive sneak peak of what’s to come. 

We put each of our five speakers to the test with a round of quick-fire questions. Listen below to hear what they each had to say on the value of formal procurement certifications, the biggest mistakes procurement pros make and how to stand out from the crowd!

Day One: Ramsay Chu CPO Rio Tinto

There’s no question that Rio Tinto’s Ramsay Chu is passionate about procurement. He’s watched the profession evolve from a function that simply “saves money” to one that can transform and have a “scale impact” on the business: touching every employee in the organisation.

In his Career Boot Camp podcast Ramsay discloses what new skills he’s looking for in his hires and explains why technical skills are often of lesser importance.

And, if you’ve ever felt like a failure in your procurement career, Ramsay has some important words of comfort. Find out why failure is at the core of entrepreneurial spirit and how you can turn it to your advantage by “failing forward.” As he puts it “No one is an Olympic caliber downhill skier from the outset!”

Day Two: Ninian Wilson Global Supply Chain Director & CEO Vodafone Procurement

Vodafone CPO, Ninian Wilson, is a man with a lot on his plate. He manages a colossal spend of €22bn and oversees 1100 employees. But that’s not stopped his determination to innovate with new companies, new products and new services.

In his Career Boot Camp podcast Ninian explains why he strives so hard to foster this culture of innovation at Vodafone.

And if you’re wondering what Ninian is searching for in his new hires, it’s the “data rockstars!”

Ninian Wilson’s podcast will be available on Procurious from 5th September.

Day Three: Dapo Ajayi CPO AstraZeneca

It’s not a bad thing to forever shoot for the stars when it comes to innovating with your suppliers. But don’t be underestimating those smaller successes and achievements!

Dapo Ajayi is keen to remind procurement pros that the smaller ideas and innovations carry a lot of weight; building trust, improving collaboration and creating opportunities for greater change further down the line.

She also discusses what business acumen means to her in the context of procurement, how to better align procurement with business stakeholders and offers guidance on how to become a CPO

Dapo Ajayi’s podcast will be available on Procurious from 6th September.

Day Four: Fabienne Lesbros CPO Co-operative Group

Rigid processes can inhibit procurement’s ability to advance efficiently but there are ways to prevent them from getting in your way. Fabienne Lesbros has some welcome advice on the subject as she advises that procurement pros present the cake, rather than describe the recipe!

She also describes her vision for the future of procurement, the importance of continuous development and why we must resist using procurement jargon!

And, if you’ve ever assumed that today’s CPO’s followed a clear and well-crafted career plan, think again! Fabienne explains how her ascent to the top went a little differently!

Fabiene Lesbros’ podcast will be available on Procurious from 7th September.

Day Five: Al Williams Managing Director & CPO, Barclays

What are today’s CPOs looking out for in the high performing procurement leaders of tomorrow? For Barclays CPO, Al Williams, it’s all about embracing change. But he isn’t just looking for procurement pros that are simply able to tolerate, or adapt to, big changes. If you’re in the driver’s seat, you’ve got to take the wheel and drive the agenda!

Al also discusses how procurement can generate value, how the function should be positioned within an organisation and how he encourages his hires to think about positive change.

And, if you’re in the market for some new shining stars, find out what you can do to make procurement a preferred and enticing destination for the next generation of professionals!

Al Williams’ podcast will be available on Procurious from 8th September.

Career Boot Camp 2017 launches on 4th September, featuring podcasts  with 5 global CPOs. Sign up here (It’s FREE!)