Values are important to any organization. Values motivate, inspire, and provide guidance for decision-making in the organization. Organizations that communicate their values to their members perform better than businesses that fail to do so.
Today's guest, Paul Barrett, is the managing partner and founder of a new healthcare-focused private equity firm at Argosy Healthcare Partners. He once worked in a private equity firm and eventually started his own. Interestingly, from years of working for these firms, Paul realized that many organizations and the private equity industry are not values-driven and overly focused on shareholder value without considering value to all stakeholders.
In this episode, Paul shares what made him step into the shoes of the leaders he has worked with for so many years to start something of his own. More importantly, we'll get to know his values as a leader and how it is important to have his values drive his approach to his work - something far more different from what he's had when working within a firm. This episode shows how important values are as a foundation in any organization.
Key Takeaways:
What led Paul to build his firm How does he evaluate and develop leaders in an organization His experiences and how he developed good values from them His vision for his firm What are his core values and philosophies How does he see his role in evaluating culture and leaders What gets under his skin as a leader The importance of treating people better and valuing them How can private equity firms change their management processes How can organizations build a team with the right values and principles that align with them What culture should leaders cultivate in their organization
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