Series #2, Episode #2

Summary:

In this episode of the Exceptional Leaders podcast, host Andrew MacAskill interviews Don Haut, an experienced executive and board member in the life sciences industry.

Don shares his career journey, starting as a scientist before moving into business roles across various sectors, including biotech, medical devices, and investment banking. He offers valuable insights into the dynamics of board membership, decision-making in small organisations, and the critical factors to consider when evaluating new opportunities. Don also provides actionable advice for leaders aspiring to join boards and make a meaningful impact.

Key Points & Insights:

1. Navigating Career Pivots: Don discusses his transition from science to business and how moving across industries helped him gain a diverse skill set, proving that career pivots can be viewed as an evolution rather than a complete shift.
   
   
2. Differences Between Large and Small Companies: He highlights the unique challenges and advantages of working in both large corporations and small companies, emphasising the importance of learning from each environment to become a well-rounded leader.
   
   
3. Effective Decision-Making in Small Companies: Don advises leadership teams in small organisations to avoid analysis paralysis, emphasising the importance of making timely decisions and not letting ego or organisational stasis impede progress.
   
   
4. Evaluating Board Opportunities: He shares his approach to analysing board opportunities, focusing on the science behind the product, the potential to build a business, and the ability to create an impactful working relationship with the team.
   
   
5. Challenges for First-Time CEOs: Don talks about the challenges first-time CEOs face when transitioning from having one boss to managing a board with multiple, sometimes conflicting, opinions and interests.
   
   
6. Strategic Thinking for Long-Term Success: He stresses the importance of thinking two or three steps ahead in any deal or project, rather than getting caught up in immediate goals, to ensure long-term success.
   
   
7. Cultural Differences on Boards: Don highlights the importance of understanding cultural differences in board dynamics, especially when working with international boards, where expectations and formalities can vary significantly.

Snippets:

• "Not making a decision is by default making a decision. It is by default making a decision to keep doing what you're doing."
  
  
• "If you're on a board and you're unwilling or unable to help the c-suite make connections... that's critical."
  
  
• "You need to be able to challenge without being a bull in a china shop."

Resources:

• Follow Don Haut on LinkedIn:
  https://www.linkedin.com/in/don-haut-phd-he-him-700030a
  
  
• Follow Andrew Macaskill on LinkedIn: https://www.linkedin.com/in/jobsearchcoach/

Remember to tune into our next episode for more inspiring insights.

Have questions or feedback about the podcast or want to feature as a guest? Email us at marketing@fraserdove.com