Dimon deliberately puts his best people into jobs they don't understand.

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by an investor from University of Virginia-McIntire - McIntire School of Commerce
in New York, NY, USA

51m ago

Dimon deliberately puts his best people into jobs they don't understand.

Kristin Lemkau went from CMO to CEO of a $1T+ wealth division. No prior wealth management experience. That was the point. She described the model herself: "identifying the people that have the raw talent and then placing them in jobs where you are unfamiliar with the subject matter." Dimon calls these "test jobs." He confirmed it at the Fortune Most Powerful Women Summit. Most holdco operators deploy GMs the opposite way. Same domain. Known playbook. Feels safe. The problem: safe deployments compound mediocrity over time. The Dimon model works because JPMorgan has a platform strong enough to catch the stumble while the person finds their footing. That is the part nobody copies. Not the stretch assignment. The operating system behind it. At RPI, we think this is a useful way to deploy your best talent. Don't think immediately that you've got to source externally. Your best talent may be able to tackle the new job internally and you'll never know till you try. Source: Fortune / Emma Hinchliffe, JPMorgan MPW Summit coverage redacted redacted

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reply by an admin 9m ago
from Massachusetts Institute of Technology in Portland, OR, USA

^redacted may be able to shed some light on this.

reply by a searcher 3m ago
from University of Massachusetts at Lowell in New York, NY, USA

Great topic and good read! CMOs, specifically those focused on enterprise marketing -not today's trend of performance marketing CMOs- have a unique ability to read commercial and internal opportunities. They are not transactional growth leaders; they are long-term, long-range focused builders. They value the reputation and trust that brands are comprised of.