New Jersey Chamber of Commerce

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Business Insights & Inspiration
Business Insights & Inspiration
NJ ChamberEdge Sponsors

The Edge for July 2022

An Exclusive Article for NJ ChamberEdge

It’s summer reading season, so we asked business executives to share with us the books that have motivated and inspired them, along with the lessons they gained. Here is what they said:

 

Diane RecinosDon’t Take People for Granted

‘Encouraging the Heart, A Leader’s Guide to Rewarding and Recognizing Others’ by James M. Kouzes and Barry Z. Posner was a common-sense read for me, but it outlines things we often take for granted. Several key points stood out: Leadership is a relationship, leadership cannot be exercised from a distance, and you can’t expect others to follow your lead if you don’t take the first step yourself. A leader must set clear standards, expect the best, pay attention, personalize recognition, tell the story, celebrate together, and set the example. The final point – don’t take people for granted!

– Diane Recinos, EdD, President of Berkeley College

 

Jordan AminLead with Humor

I’ve always believed our workdays should include fun in addition to hard work. I recently read ‘Humor, Seriously’ by Jennifer Aaker and Naomi Bagdonas. The authors detail examples of levity benefiting the workplace, and offer tips on how to lead with humor. Leaders who lead with humor are seen as more approachable, which can increase employee engagement significantly. Creating a culture of levity has proven benefits in the workplace including increased innovation. So, lead with laughter.

– Jordan Amin, Partner and National Service Line Leader for Private Business Services, EisnerAmper

 

Nick MalefytLet People Dream

My book of choice is ‘Play Big’ by Dr. Jen Welter, the first woman to coach in the NFL. My three key takeaways:

  • If you are in a position of power/leadership don’t say no too quickly. Don’t tell people what they can’t accomplish. Listen, let people dream big (and see if you can provide tools to help them accomplish their goals).
  • Find small successes in moments, within relationships, with progress, and along the journey. A small win in a day is success.
  • Confidence is contagious. If you find greatness in one place it will spread. It will slowly infuse your life and let you believe that you can do anything in other areas.

– Nick Malefyt, President, Master Search

 

Don MeyerChallenge Conventional Wisdom

My favorite business-related book is also about my favorite sport: baseball. ‘Moneyball’ by Michael Lewis describes how Oakland Athletics General Manager Billy Beane used statistical analyses to outsmart teams with heftier payrolls. Rather than accept the culture and decision-making process that had been in baseball for decades, Beane studied the data and realized the established thinking was flawed. Beane had the initiative to look at his industry in a completely revolutionary way, and the courage to make the changes based on those insights.

– Don Meyer, Chief Marketing Officer, NJCPA

 

Patrick DunicanFocus on What You do Better than Your Competition

I read ‘Good to Great’ by Jim Collins at the outset of my tenure in law firm leadership and was impressed with his data-driven conclusions. Many of the conclusions were surprising, and they helped shape my leadership style. Most notably is what he terms “the hedgehog concept” – an understanding of and focus on what your organization can potentially do better than any other can. It inspired me to define a strategic middle market niche for Gibbons, offering quality, cost-effective legal services in major matters for mid-market companies and mid-market matters for Fortune 500 companies, particularly in the Mid-Atlantic and expanding down the East Coast.

– Patrick C. Dunican Jr., Executive Chairperson, Gibbons P.C.

 

Responses for this article were edited for space and clarity.

NJCC 2022 Biz Summit WEB
March 14-15, 2023 | Harrah's Atlantic City

Newsmakers

Public Service Electric & Gas officials announced that the utility is lowering gas bills for its residential customers by 23%, effective Feb. 1.


Kathryn Foster

The College of New Jersey President Kathryn Foster donated $250,000 to TCNJ in order to create the Kathryn A. Foster Distinguished Visitor Series – a means to attract high-profile and diverse speakers to campus.


Ralph Izzo

Ralph Izzo, the former CEO and chairman of Public Service Enterprise Group, has been named an honorary lifetime member of the New Jersey Chamber of Commerce board of directors, the Chamber announced.


United Airlines is buying 100 Boeing 787 Dreamliners with the option to purchase 100 more new jets that will fly its longest routes and replace less fuel-efficient, decades-old planes. The massive order is a big boost for Boeing from one of its largest customers and comes as United has returned to profitability after the pandemic’s travel slump. The carrier has lately added more international flights thanks to a rebound in demand. United said its order was the largest wide-body sale to a U.S. carrier.


Gary Horan

Longtime N.J. Chamber of Commerce Board member Gary Horan, whose career in health care includes the growth and oversight of Trinitas Regional Medical Center in Elizabeth and its acquisition by RWJBarnabas Health, announced he is retiring as CEO effective April 14. Horan came to Trinitas in 2001.


Horizon Blue Cross Blue Shield of New Jersey’s philanthropic arm announced that it awarded more than $1 million in grants to 34 nonprofit organizations in the fourth quarter of 2022. This brings Horizon Foundation’s total grants in 2022 to $2.1 million, benefiting 67 groups.


As part of its nationwide commitment to help bridge the digital divide and support student success, the AT&T Foundation granted $215,000 to organizations in New Jersey in 2022. One of the organizations receiving a grant ($20,000) is the N.J. Chamber of Commerce Foundation's Jobs for America’s Graduates NJ program, dedicated to helping youth graduate high school and make successful transitions to post-secondary education and employment.


Carolyn Welsh

Carolyn Welsh, the new CEO and president of NJ Sharing Network, announced New Jersey’s number of organ donors, 283, and organs transplanted in a single year, 670, reached all-time highs in 2022. These are significant increases over the previous records of 233 organ donors and 613 organs transplanted. It marked the fourth consecutive year NJ Sharing Network has reported new records in the number of organ donors.


RWJBarnabas Health announced several new hires and some transitions to new roles. Frank Pipas has been named as executive vice president, CFO; and Balpreet Grewal-Virk has been named senior vice president, community health. In addition, several executives have transitioned to new roles, including Indu Lew, chief of staff to Mark Manigan, president of RWJBarnabas Health; Robert Adamson, executive vice president and chief information officer; and Robert Pellechio, senior vice president and chief pharmacy officer.


Venuti Kulp

New Jersey American Water recently announced two promotions. Denise Venuti Free, previously director of communications and external affairs, was promoted to senior director of the department. Chelsea Kulp was promoted from manager of external affairs to senior manager of government and external affairs. Both will continue to oversee communications, issues management, media relations and customer education.


Walmart announced that it is raising the minimum wage for its retail store employees to $14. It's about a 17% increase in salary for these workers, who stock shelves and provide customer service. Store employees throughout the U.S. will make between $14 and $19 per hour starting in March. This is an increase from the current wage range of $12 to $18 per hour.


Volunteers from Wells Fargo’s New Jersey and New York offices teamed up with the Bristol Myers Squibb Children’s Hospital at Robert Wood Johnson University Hospital for a corporate volunteer day. They assembled 150 care packages for patient caregivers and painted a multipurpose room.


The New Jersey Society of Certified Public Accountants (NJCPA) collected $35,628 in online monetary donations — its second highest — and 2,727 pounds of nonperishable items for its 13th annual food drive to benefit the Community FoodBank of New Jersey.


Hackensack Meridian Jersey Shore University Medical Center recently unveiled a new treatment facility that expands neurological care in Monmouth and Ocean counties. The $2.2 million, nearly 10,000-square-foot Dr. Robert H. Harris Neuroscience Treatment Center houses experts in neurological diseases and conditions and is part of Hackensack Meridian Health’s Neuroscience Institute.


Catherine Tung

Catherine Tung, a former senior adviser to Assembly Speaker Craig Coughlin and the former associate executive director of the Assembly Majority Office, has joined McCarter & English as a member of its Government Affairs practice, the firm announced.


The OceanFirst Foundation awarded $40,000 to the Brookdale Community College Foundation, giving it the opportunity to provide 40 $1,000 scholarships to deserving students.


Seton Hall University named Mary Kate Naatus to the position of assistant provost and dean of continuing and professional education. Naatus came to Seton Hall from Saint Peter’s University, where she has served for 12 years, including the last five as KPMG Dean of the Frank J. Guarini School of Business.


Macrosoft was proud to be certified by Great Place to Work®. The award is based entirely on what current employees say about their experience working at Macrosoft. This year, 98% of employees said it’s a great place to work.  This is a full 41 points higher than the average U.S. company.