Meeting Our Future Women Leaders

This weekend I was lucky enough to be featured as a panelist at the third annual Boston University 85 Broads conference. The theme of the event was “Rising to the Top,” and it brought together an incredible group of professional and undergraduate women to learn from each other and network.

If you aren’t familiar with 85 Broads, a quick check of their website tells an interesting story:

85 Broads is a global network of 20,000 trailblazing women who are inspired, empowered, and connected.

The "founding members" of 85 Broads were women who worked for Goldman Sachs at 85 Broad Street, the investment banking firm's NYC headquarters. Over the past decade, 85 Broads expanded its membership to include women who are alumnae and students of the world's leading colleges, universities, and graduate schools worldwide. Our members are located in 82 countries around the world and work for thousands of for-profit companies and not-for-profit organizations.

As a graduate of an all-girls high school and a big proponent of creating leadership opportunities for women in business, I’ve always been curious about 85 Broads – which is why it was so exciting to be invited to present at the BU chapter’s annual conference.

The panel I participated in was for undergraduate women interested in pursuing nonprofit careers, and I was joined by two other panelists doing some incredible work:

• Amma Sefa-Dedeh, executive director of One Hen (a very cool microfinance nonprofit here in Boston) and a recent Babson MBA graduate
• Jenny Jordon, associate consultant at The Bridgespan Group (an off-shoot of Bain & Company that works specifically with nonprofit clients).

Amma, Jenny and I were there to talk about our experiences working in nonprofit leadership roles, discuss the various advantages and challenges of working in the nonprofit sector, and to answer questions from the young women in attendance.

For my part, I got the chance to talk about my work in fundraising, my interest in corporate social responsibility, and my decision to pursue an MBA. Many attendees were also interested to hear how I was using The Changebase to not only share ideas and create conversation, but also as a personal branding tool during my job search.

One particular question seemed to strike a chord not just for the women in the audience but for me as well.

An attendee asked about switching from the nonprofit sector to the corporate world, and vice versa: “Is it hard to make the switch” she wondered, “or do I need to pick one sector and stick with it?”

Given that I am a sector-switcher myself, this is something I tackle regularly in my cover letters and job applications. My feeling is that there’s nothing wrong with “switching sides” but you do need to be prepared to do a little extra hand-holding with potential employers. The experience and background that resonates with recruiters in one sector might not be what resonates with recruiters in another, so job seekers need to be prepared for this.

As Amma so insightfully put it: “Career switchers need to put in 200% extra effort” – whether you’re moving from one sector to another, or simply switching functions like going from engineering to finance, you need to be ready to work that much harder to get people to take a chance on you and your skills.

Certainly valuable advice for everyone in the room – even me!

In all I was incredibly impressed by the roughly 25-30 young women in attendance (dressed in suits on a Saturday no less!). Between the thoughtfulness of their questions and their passion for learning about and doing this important work, it was clear to me that these women are motivated to not only make social change, but to forge ahead in their own professional careers.

In my opinion, if the women in attendance are any indication of the quality of our future women leaders, I think we’re in good hands!

Want a CSR Job? Read This First.

With just over two months left until I graduate from business school, I’ve started to reflect on what I’ve accomplished over the last two years. Without a doubt, the most fulfilling experiences of my MBA program have been the chances I’ve had to engage in real-world consulting projects for corporate and nonprofit clients.

In the last four semesters, I’ve worked on some pretty terrific marketing and corporate social responsibility projects - including brand audits, marketing research plans, stakeholder communications strategies, and social media tactics.

But perhaps my most satisfying consulting project was a sustainability reporting and stakeholder engagement plan for Praxair, a $9B Fortune 300 industrial gas manufacturer in Danbury, CT. I’ve talked about this project in past posts, and I was thrilled to see that Boston University recently issued a press release about this engagement (including a quote from yours truly!).

These consulting projects have been the most rewarding part of my MBA, but they’ve also been the most challenging and time-consuming. In the end, though, I’ve signed up for all of them without hesitation – in large part because I (and many of my fellow MBA classmates) believed they’d serve as proof of our experience to potential employers come recruiting season.

Interestingly, last week The Wall Street Journal published an article about companies partnering with business schools to create these sorts of CSR projects for students. The article starts out positively, saying urgent “social concerns” are leading more and more companies to partner with business schools to provide real-world education and training to students (aka: potential employees).

Unfortunately the story takes on a different tone just a few sentences later:

The effort [to create real-world CSR consulting projects] is being met with both gratitude and skepticism from business schools, which say that despite the emphasis on integrating these hot-button topics into the curriculum, it's business as usual at recruiting time. Few hiring managers, they say, ask students about corporate-responsibility training or indicate it's a priority.

That’s right – according to the article, these CSR projects may be happening more frequently on business school campuses, but that doesn’t mean they’re turning into more CSR jobs for MBA graduates after school.

The article drills home the point even further, saying that engaging students in these kinds of projects “doesn't translate into hiring socially responsible M.B.As, an issue that “points to a disconnect on part of the companies: There's enthusiasm in the classroom for imparting corporate responsibility and sustainability concepts, but hiring managers attending campus recruiting sessions say it's rarely something they quiz candidates about.”

In the end it seems that MBA grads looking for CSR jobs can easily find themselves between that proverbial rock and a hard place – on the one hand, they’re receiving extraordinary real-world training for future sustainability positions; yet on the other, there’s often no opportunity to continue this work once they finish business school.

Another related and interesting study that just came out also reinforced this point:

Ellen Weinreb from WeinrebGroup analyzed six years of CSR job postings and drew conclusions about the availability of jobs and overall trends in CSR recruiting. Her findings point to an interesting conclusion for recent MBA grads wanting to get into CSR (which, by the way, is the same conclusion drawn by the Wall Street Journal article):

If you want to work in CSR, get functional experience first.

Ellen’s study shows an increase over time in VP and Director-level CSR jobs – which is great news for people already working in CSR but not so great for MBA grads just trying to jump in.

Since those high-level CSR jobs are most likely out of reach for newly-minted MBAs, Ellen suggests job seekers embed themselves in a corporate function (marketing, finance, strategy etc), learn the business, and then transition internally to a CSR role.

When you think about it, this advice makes sense; after all, to be effective in sustainability, you’ve got to first understand the business you’re in.

For my part, it turns out that I’ve actually heard this advice many, many times – and given the frequency with which it’s said, I’ve taken it seriously to heart.

Still, this puts me – and many other soon-to-be MBA grads – in a bit of an awkward position going forward.

My goal is to work in a CSR role within a big consumer brand, so I’ve stacked my resume with CSR-related projects and classes to show future employers that I know what I’m talking about.

But if in the end it turns out that these kinds of activities don’t necessarily translate into a job-seeker’s “competitive advantage,” did I waste my time on these projects when I should have been doing something else? Obviously that’s being overly dramatic, but the issue certainly gives me pause.

In the end, the best advice I can give to CSR job-seekers is sort of a hybrid model:

Learn the business through functional experience, but bring sustainability to work every day.

Yes, getting that marketing, or finance, or supply chain experience under your belt will be crucially important – not only to build credibility and a reputation for yourself, but also as a way to help you think about sustainability and CSR opportunities from within.

But just because you’re working in a non-CSR function doesn’t mean that you should chuck your CSR know-how and skills out the window. On the contrary, your understanding and flexibility in CSR can only help you do your functional job better.

We can still hope that one day CSR will be such a corporate priority that all companies will recruit for these positions. In the meantime, my advice is to earn your stripes at a company you respect and admire, make your interest and intentions in sustainability clear, and with time transition into the CSR job you want.

As the old saying goes, “Your patience will be rewarded”.

Finding the Point of Balance

I’m pleased to share that my birthday was this week (for those who know me well, you know this is a big deal).

I love birthdays in general, and I especially love mine. Why?

Well, my birthday is an important time for me for a couple of reasons. Yes, I love cake and presents and having an excuse to go out to dinner or celebrate.

But more than anything, I love my birthday because it’s the one time during the year that I stop and take stock of where I’m heading.

Every February I usually take some time to sit quietly and think – to reflect on what happened over the last year as well as to visualize where I want to go in the coming year.

This is what I call making my Birthday Resolution.

Over the years my Birthday Resolutions have helped me chart my course and provided some much-needed clarity.

This year my birthday (and thus my Resolution) comes at a particularly interesting and unique time in my life. In three months I will graduate from business school and head out into the big wide world again.

But where will I head to?

Over the last year and a half my education has opened my eyes to possibilities that I didn’t even know existed. I’ve developed a true passion for using business to effect change, and most days I wake up eager and excited to find a job that allows me the chance to “do good and do well”.

Yet some days I wake up feeling weighted down by the burden of responsibility. Whether it’s dealing with the inevitable dread of school debt, or feeling overwhelmed by the expectations of others, sometimes I just can’t see the forest through the trees.

So how does this relate to my Birthday Resolution?

In some ways, you could say my life these days is a bit of a see-saw, with my job search right smack in the middle of things.

On one hand, I want my new job to be motivated by mission and purpose.

I want to find an opportunity that offers personal fulfillment and the chance to do good for other people. I also want to land in an organization and in a role that allows me to act as a good global citizen.

Yet as graduation nears, I’ll be honest: I have a lot of debt to deal with.

And sometimes that translates into feeling like I just need a job – any job – so I can start paying that off.

Not to mention the fact that it's easy feel pressured to take “the right” job after school – that is, the kind of job that most MBAs go for (consulting, finance, strategy etc). That may not be what I want, but when everyone else is doing it, it's hard to resist the urge to cave.

Given all of this, my Birthday Resolution is all about balance.

My goal for the year ahead is to find that point of balance on the see-saw - which means looking for opportunities that both quench my thirst for social purpose while also helping to turn down the volume on some of my anxieties.

Is this asking too much? Maybe. But I never said my Resolution had to be practical!

Sure, I know I’ll have to make trade-offs. This is not a scenario in which I can be guaranteed the best of both worlds. But perhaps I can strive for a job after school that is a happy medium between the two extremes.

What does this look like? To be honest I have no clue. But I’m working on it.

And I'm convinced that there are opportunities out there that will allow me to balance out my see-saw. I just have to find them!

As I kick my job search up a notch, I'll be sure to report on my progress here at The Changebase. In the meantime, have you ever made birthday resolutions? Even if it's not your birthday, I encourage you to think about stopping for a moment and taking stock of the direction in which you're heading. How can you reposition yourself to find your point of balance on the see-saw?

So You Want to Be a CSR Director?

This past weekend over 2,400 MBA students, CSR professionals and social entrepreneurs congregated on the campus of Cornell University for the 2009 Net Impact Conference.

For those of you not “in the know,” Net Impact is an international network of people looking to use their business skills to create global social change.

I’ve been a member of Net Impact for a few years now, and I have to say that attending their annual conference is a must (if you’re not a member, I highly encourage you to join).

When I attended last year as a first year MBA, I remember feeling overwhelmed by all of the new ideas, terminology and opinions swirling around in the air. This time though, as a second year student, I felt much more grounded and less inundated, which made it possible to simply enjoy the opportunity to learn, connect with colleagues and friends, and share ideas around CSR and sustainability.

Perhaps because it’s the topic most on my brain these days, but a lot of the panels I attended were somehow related to careers in CSR. I went to a couple of especially terrific sessions that I just know the readers of The Changebase will enjoy, so I thought I’d share what I learned over the course of a couple of blog posts.

This post centers around one panel I attended called “Developing CSR Competencies”. Moderated by Chris Pinney, director of research and policy at Boston College Center for Corporate Citizenship, this session highlighted recent research that BCCCC had just completed with the Hay Group, a global management consulting firm.

The research they did focused on the specific individual competencies that CSR directors need to have in order to be successful in their jobs. To add value to the report’s findings, the panel included three current CSR directors who were interviewed for the study:

• Dan Bross, Senior Director of Global Corporate Citizenship, Microsoft Corporation
• Valerie Smith, VP of Corporate Responsibility, Citigroup
• Dave Stangis, VP of Corporate Social Responsibility, Campbell Soup Company (follow Dave on Twitter here).

Chris opened up the panel by introducing a few important points which are worth repeating here:

• Each company does CSR differently – so the job functions of a CSR director will vary.
• Most CSR teams are incredibly small – for instance, the group at Campbell Soup is only 1 ½ people!
• Not surprisingly, therefore, these jobs are incredibly hard to come by – especially for folks who aren’t already internal employees at the company.

After this, he went on to outline the research findings. In general, 8 key competencies emerged as the "keys to success" for any CSR director.

Personal Maturity (aka: Humility): this basically comes down to your ability to achieve success through empowering others to be part of the process – and then letting them take the credit. All three panelists agreed letting other people shine (and thus staying out of the spotlight yourself) is an acceptable trade-off for seeing your program reach its milestones.

Optimistic Passion: this competency relates to your ability to get out of bed everyday feeling motivated about your work. It’s about being patient, resilient, and dedicated to making change. Perhaps the best part of the panel was when Dave from Campbell Soup strongly opposed this phrase ‘optimistic passion’ (two words that he did not believe described himself or his work). Yet the more he explained why he opposed the phrase, the more passionate he seemed!

Next up was Peripheral Vision and Systems Perspective: two traits that refer to your ability to understand how your work in CSR relates to various business units within your company as well as to society as a whole. Once you understand this, the next step is being able to translate these ideas to other stakeholders. Essentially, it’s how well you can see the forest through the trees – and then tell others about what that forest looks like.

After that was Visionary Thinking: a skill that forces you to look beyond that pile of “to-do’s” on your desk and think instead about how you can bring innovation and fresh ideas to your work.

Two other competencies that I particularly enjoyed were Collaborative Networking and Strategic Influencing: these attributes relate to how well you engage others in your work, ask for help when you need it, and get buy-in from key decision-makers. Dan from Microsoft brought up a particularly interesting point about the role of trust in strategic influence – without instilling in your colleagues the feeling that they can trust you, you’ll never be able to persuade them to help you.

Finally, and perhaps most important, you need to be a Change Driver: with such small teams and such big jobs, you must be the one leading the charge and taking initiative to get results.

I found all of these traits to be incredibly interesting – and truthfully a little daunting.

To be a really good CSR director, it turns out you have to be a bit of a superhero!

But the more I heard the panelists speak about their experiences, the more excited I felt about the opportunity to one day join their ranks.

At the end of the session there was still one final question that I felt needed to be answered:

With all of this emphasis on individual competencies, I wondered what it was about the panelists' specific organizations that perhaps nurtured their ability to be successful in their jobs?

Was it simply a case of just having these competencies and jumping in with both feet? Or did their company's culture, values or even governance structure have something to do with their success?

Interestingly, the panelists seemed to agree that in fact it’s the individual’s ability to bring these skills to the table that sets them apart. While some organizations may have value systems or missions that make it easier to succeed, the panelists believed that true success in these positions is based on your ability to think big yet stay grounded, to include various stakeholders in a collaborative process, and to strategically enlist the help of champions to promote and evangelize your cause.

Overall it was an incredibly valuable afternoon and I learned a lot. Thank you Chris, Dan, Valerie and Dave for sharing your insights with us!

Stay tuned to future posts on The Changebase to hear more about what I learned at Net Impact 2009…

In the meantime, ask yourself: what are you doing right now to develop each of these competencies yourself?