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Business Insights & Inspiration
Business Insights & Inspiration
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The Edge for July 2022

An Exclusive Article for NJ ChamberEdge

It’s summer reading season, so we asked business executives to share with us the books that have motivated and inspired them, along with the lessons they gained. Here is what they said:

 

Diane RecinosDon’t Take People for Granted

‘Encouraging the Heart, A Leader’s Guide to Rewarding and Recognizing Others’ by James M. Kouzes and Barry Z. Posner was a common-sense read for me, but it outlines things we often take for granted. Several key points stood out: Leadership is a relationship, leadership cannot be exercised from a distance, and you can’t expect others to follow your lead if you don’t take the first step yourself. A leader must set clear standards, expect the best, pay attention, personalize recognition, tell the story, celebrate together, and set the example. The final point – don’t take people for granted!

– Diane Recinos, EdD, President of Berkeley College

 

Jordan AminLead with Humor

I’ve always believed our workdays should include fun in addition to hard work. I recently read ‘Humor, Seriously’ by Jennifer Aaker and Naomi Bagdonas. The authors detail examples of levity benefiting the workplace, and offer tips on how to lead with humor. Leaders who lead with humor are seen as more approachable, which can increase employee engagement significantly. Creating a culture of levity has proven benefits in the workplace including increased innovation. So, lead with laughter.

– Jordan Amin, Partner and National Service Line Leader for Private Business Services, EisnerAmper

 

Nick MalefytLet People Dream

My book of choice is ‘Play Big’ by Dr. Jen Welter, the first woman to coach in the NFL. My three key takeaways:

  • If you are in a position of power/leadership don’t say no too quickly. Don’t tell people what they can’t accomplish. Listen, let people dream big (and see if you can provide tools to help them accomplish their goals).
  • Find small successes in moments, within relationships, with progress, and along the journey. A small win in a day is success.
  • Confidence is contagious. If you find greatness in one place it will spread. It will slowly infuse your life and let you believe that you can do anything in other areas.

– Nick Malefyt, President, Master Search

 

Don MeyerChallenge Conventional Wisdom

My favorite business-related book is also about my favorite sport: baseball. ‘Moneyball’ by Michael Lewis describes how Oakland Athletics General Manager Billy Beane used statistical analyses to outsmart teams with heftier payrolls. Rather than accept the culture and decision-making process that had been in baseball for decades, Beane studied the data and realized the established thinking was flawed. Beane had the initiative to look at his industry in a completely revolutionary way, and the courage to make the changes based on those insights.

– Don Meyer, Chief Marketing Officer, NJCPA

 

Patrick DunicanFocus on What You do Better than Your Competition

I read ‘Good to Great’ by Jim Collins at the outset of my tenure in law firm leadership and was impressed with his data-driven conclusions. Many of the conclusions were surprising, and they helped shape my leadership style. Most notably is what he terms “the hedgehog concept” – an understanding of and focus on what your organization can potentially do better than any other can. It inspired me to define a strategic middle market niche for Gibbons, offering quality, cost-effective legal services in major matters for mid-market companies and mid-market matters for Fortune 500 companies, particularly in the Mid-Atlantic and expanding down the East Coast.

– Patrick C. Dunican Jr., Executive Chairperson, Gibbons P.C.

 

Responses for this article were edited for space and clarity.

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Newsmakers

Carolyn Welsh

NJ Sharing Network CEO Carolyn Welsh was honored by the organization for her 25 years of service in advancing the organization’s lifesaving efforts through the recovery and placement of donated organs and tissue in the state. Headquartered in New Providence, NJ Sharing Network partners with 54 hospitals to provide hope for nearly 4,000 N.J. residents waiting for a lifesaving organ transplant.


Betty Larson

Merck appointed 20-year health care industry veteran Betty Larson as executive vice president and chief human resources officer, the Rahway-based pharmaceutical giant announced. Larson is responsible for global human resources and diversity, equity and inclusion for the company. She comes to Merck from GE HealthCare, where she served as chief people officer.


Public Service Enterprise Group Foundation sent a $1.45 million gift to Stevens Institute of Technology to further develop sustainability programming at the school and develop a pipeline of talent prepared to address threats to sustainable development. This gift, the latest in a long relationship between the school and PSEG, will enable the school to create the Stevens Center for Sustainability.


Delta Dental of New Jersey announced that Stuart Brereton was named its new vice president and chief sales officer. Brereton previously was regional vice president at Prudential Financial, and spent many years before that at The Hartford, where he began as a sales executive, serving the large group market and ascending to the position of regional sales director. 


EisnerAmper, the global business advisory firm with a heavy presence in New Jersey, announced it will combine forces with Alabama-based tax and real estate consulting firm Tidwell Group LLC, in a transaction expected to close in May. Tidwell has 40 partners and a staff of more than 200 professionals in six offices across Alabama, Georgia, Texas and Ohio.


The M&T Charitable Foundation is awarding $900,000 in grants to commemorate its 30th anniversary – including a $30,000 grant to the affordable housing project of Habitat for Humanity of Passaic County in Paterson. Founded in 1993, the M&T Charitable Foundation is the philanthropic arm of M&T Bank.


TD Bank elevated Matthew “Matt” Boss to head of U.S Consumer Banking, the Cherry Hill-based financial institution announced. In his expanded role, Boss will be responsible for TD’s more than 1,100 store locations, contact centers, digital sales and capabilities, retail operations, U.S. Wealth and TD Auto Finance, while continuing to oversee all consumer product teams.


Hackensack Meridian Neuroscience Institute at JFK University Medical Center in Edison recently received a major research grant from the National Institute of Neurological Disorders and Stroke. The five-year award of more than $2.2 million will be used to study a novel approach to treating traumatic brain injury.


Camden-based American Water Charitable Foundation recently donated $250,000 to the American Red Cross as part of the foundation’s Disaster Relief Grant Program.


Aaron Hajart was named COO of Community Medical Center in Toms River, officials at RWJBarnabas Health announced. Hajart has experience within the RWJBarnabas Health system, serving as the Southern Region senior vice president for service line and practice integration. In this position, Hajart led initiatives reducing long-term admissions by 85% and cut unnecessary patient days by 14,000 per year.


New Jersey Institute of Technology’s Martin Tuchman School of Management announced it will offer a new concentration in business and sports data analytics beginning in the fall.