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	<title>Independent Thinking &#187; Bloomberg News</title>
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		<title>Should Industry Expertise be a Deal Breaker?</title>
		<link>http://www.steigmancommunications.com/2009/06/17/should-industry-expertise-be-a-deal-breaker/</link>
		<comments>http://www.steigmancommunications.com/2009/06/17/should-industry-expertise-be-a-deal-breaker/#comments</comments>
		<pubDate>Wed, 17 Jun 2009 15:30:07 +0000</pubDate>
		<dc:creator>Daria Steigman</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Bloomberg News]]></category>
		<category><![CDATA[Edward Whitacre]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[John Baldoni]]></category>
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		<description><![CDATA[TweetAt least once a month someone asks me if I have expertise in their industry, whether they&#8217;re building widgets for tow trucks or rockets for NASA. And it has always struck me as the wrong question. I can learn about you; don&#8217;t you want to know if I understand what a business model is, or [...]]]></description>
			<content:encoded><![CDATA[<div id="tweetbutton591" class="tw_button" style="float:right;margin-left:10px;"><a href="http://twitter.com/share?url=http%3A%2F%2Fwww.steigmancommunications.com%2F2009%2F06%2F17%2Fshould-industry-expertise-be-a-deal-breaker%2F&amp;text=Should%20Industry%20Expertise%20be%20a%20Deal%20Breaker%3F&amp;related=&amp;lang=en&amp;count=vertical&amp;counturl=http%3A%2F%2Fwww.steigmancommunications.com%2F2009%2F06%2F17%2Fshould-industry-expertise-be-a-deal-breaker%2F" class="twitter-share-button"  style="width:55px;height:22px;background:transparent url('http://www.steigmancommunications.com/wp-content/plugins/wp-tweet-button/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;">Tweet</a></div><p></p><!-- Start Shareaholic LikeButtonSetTop Automatic --><!-- End Shareaholic LikeButtonSetTop Automatic --><p>At least once a month someone asks me if I have expertise in their industry, whether they&#8217;re building widgets for tow trucks or rockets for NASA. And it has always struck me as the wrong question. I can learn about you; don&#8217;t you want to know if I understand what a business model is, or how you might best reach out to your audience?</p>
<p>With that in mind, a huge &#8220;thank you&#8221; to <a title="General Motors" href="http://www.gm.com/">GM</a>&#8216;s new chairman, <a title="Edward Whitacre" href="http://en.wikipedia.org/wiki/Edward_Whitacre,_Jr.">Edward Whitacre</a>, who told <a title="Bloomberg News" href="http://www.bloomberg.com">Bloomberg News</a> in an <a title="Bloomberg interview" href="http://www.bloomberg.com/apps/news?pid=20601109&amp;sid=a.quj9vK5PhI">interview</a>:</p>
<blockquote><p>&#8220;I don&#8217;t know anything about cars. A business is a business, and I think I can learn about cars&#8230; I think the business principles are the same.&#8221;</p></blockquote>
<p>The quote is reprinted in John Baldoni&#8217;s terrific <a title="Baldoni on outside executives" href="http://blogs.harvardbusiness.org/baldoni/2009/06/three_traits_outside_executive.html">blog post</a> on what outsiders need to succeed in an organization. He talks about intelligence, people skills, and strong will. It&#8217;s worth a read.</p>
<p>So what do you think? Is industry expertise a deal breaker for you?</p>
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