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	<title>Independent Thinking &#187; NASA</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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		<guid isPermaLink="false">http://www.steigmancommunications.com/?p=591</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p></p><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>
<p>&copy;2010 <a href="http://www.steigmancommunications.com">Independent Thinking</a>. All Rights Reserved.</p>.]]></content:encoded>
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