Aug 16, 2017
Summary & Ideas for Action
Tim Cole, Founder, author of The Compass Solution,
talks about his 37-year career in one company as a pharmaceutical
executive, and he’s sharing what he wish he had known early in his
[2:33] Tim worked at one company for 37 years. His book comes
from his experiences through many corporate changes. He wrote the
book as a compass and map to help people stay on track.
Tim’s career compass has four cardinal points. As he developed
and followed these points along his journey, his career
[8:05] Tim wrote his book for Millennials trying to find
traction in their careers. As the book evolved, it became more
focused on the majority of the workforce who are disenfranchised.
He also addresses CEOs, on creating a culture where people want to
be. In his book, Tim covers transformative leadership and
transactional management and the difference between.
[12:22] Transformative leaders create enduring impact that
motivates, years later. Tim learned on the Crucible that adversity
and discomfort can be wonderful, that depending on the team is
everything, and that debriefing each day is powerful.
[17:59] The larger the organization, the more there are delays
in quality decision-making. Create a culture where you think like a
small company. This happens when leaders embody two traits: first,
they are responsive to market change, and second, they foster a
culture that status quo is not good enough.
[20:12] Influence does not come with a title, but by how you
conduct yourself and treat others. Great companies focus on people
and culture. When people want to be there, everything becomes
[29:21] Tim identifies five timeless leadership principles:
having credibility, caring, being trustworthy, being committed to a
vision of excellence, and helping to make people better. These are
supported by asking the right questions to find what is important
to the ones they lead.
[37:00] Tim started his career working longer and harder than
others, but learned later in his career to network, and build
relationships. Tim’s loyalty was earned by leaders and people
around him who had values and philosophies that Tim believed, that
carried him through the hard times.
LinkedIn: Tim Cole