NJ ChamberEdge
NJ ChamberEdge Sponsor
Business Insights & Inspiration
Business Insights & Inspiration
NJ ChamberEdge Sponsor

The Edge for JUNE 2018

An Exclusive Article for NJ ChamberEdge

What are the key elements of good leadership? We asked nine New Jersey executives that question, and we got a wide range of answers, including communicate clearly, lead by example, share the glory and take the blame. Further, they said, tolerate a certain amount of failure, give everyone a stake in the organization’s success and, of course, never stop learning. Here are their answers:

 

Dennis Toft

Share the Glory, Take the Blame

Leadership involves empowering others to succeed and providing the tools for success. In that vein, it’s about sharing the glory of success and taking the blame for failure. A great leader is unafraid to make a timely decision. Imagine a military leader who cannot decide how to respond to a situation. Making no decision is a decision to fail.

– Dennis M. Toft, Chair, Environmental Group, Chiesa Shahinian & Giantomasi

 
Gary Horan

Don’t Micromanage

If you hire the right people, just give them the tools, set your expectations, and let them get to work. More often than not, they will reach their goals in ways that you may never have considered. It is important to convey high expectations. I’ve found that people enjoy facing a challenge. The Pygmalion Effect, which states that people rise and fall based on the expectations placed on them, has been well documented. It’s important to not let your staff get into a rut.

– Gary S. Horan, President & CEO, Trinitas Regional Medical Center

 
Patrick Mulvey

Tolerate a Certain Amount of Failure

Leaders are people who inspire people to grow, and who nurture success and innovation. However, it is also important that leaders create an environment where employees feel that a certain amount of failure will be tolerated in order for the organization to innovate and grow.

– Jay Weinstein, EisnerAmper LLP, New Jersey Partner-in-Charge

 
Ralph Thomas

Cultivate a Comfortable Work Environment

Effective leadership is having an open door as well as an open mind about important issues. It’s also about taking the time to chat about weekend plans, while providing the necessary guidance and foresight to lead an organization into the future. Good leadership creates an environment where people of all ages, backgrounds or race feel comfortable to voice their opinions and bring their ideas to the table. In short, good leadership is synonymous with good listening.

– Ralph Albert Thomas, CEO and executive director, NJCPA

 
Max Crane

Herd the Cats

Great leaders are both visionaries and managers who inspire action and motivate those around them to be successful. This includes having the capacity to “herd the proverbial cats.” A common thread of good leadership is communication – the ability to share knowledge, information and ideas in a way that those listening can understand and buy into.

– R. Max Crane, Managing Partner, Sills Cummis & Gross P.C.

 
Deba Dutta

Be Inspirational, Authentic and Respectful

In academia, one cannot dictate. So, it is critically important to inspire people with vision, integrity and communication. People respect and appreciate a person who is authentic and who does not hesitate to admit a failure or admit what one does not know. At the same time, authenticity requires one to give constructive feedback to people who need that. There must be respect for viewpoints that are not necessarily aligned with, or even orthogonal, to one’s own. In academia, this is very important - an open mind to diverse views and a willingness to learn from them.

– Deba Dutta, Chancellor, Distinguished Professor of Engineering, Rutgers University–New Brunswick

 
Dennis Wilson

Lead By Example

A true leader ensures that actions speak louder than words by showing passion, personal investment and appreciation for the work others do.

– Dennis Wilson, president and CEO, Delta Dental of New Jersey

 
Daniel Schwartz

Give Everybody a Stake in the Organization’s Success

When making difficult decisions, it is critical to communicate with all stakeholders, gain buy-in, and direct next steps. Instill in everyone a stake in the enterprise’s enduring success and prosperity. Accessibility is equally important. I believe not only in an open door policy, but in proactive outreach to all employees.

– Daniel A. Schwartz, Managing Member, Chiesa Shahinian & Giantomasi PC

 
John Gallucci Jr

ABC: Always Be Coachable

Leaders must channel a multitude of “ABLE-ilities” and remain adaptABLE to whatever each day has in store. We must be knowledgABLE in our chosen craft or field in order to become impressionABLE, employABLE, irreplaceABLE and to remain marketABLE within our inner groups or outer circles. No matter how far along we are in our career, relationship or life path, we must remember to remain coachABLE, as there is always something to learn from someone or something that you come across.

– John Gallucci Jr., President & CEO, JAG Physical Therapy; Founder, JAGIFY Motivational Seminars

 

Responses for this article were edited for space and clarity.

Search the Edge Archive

Newsmakers

Carolyn Welsh

NJ Sharing Network CEO Carolyn Welsh was honored by the organization for her 25 years of service in advancing the organization’s lifesaving efforts through the recovery and placement of donated organs and tissue in the state. Headquartered in New Providence, NJ Sharing Network partners with 54 hospitals to provide hope for nearly 4,000 N.J. residents waiting for a lifesaving organ transplant.


Betty Larson

Merck appointed 20-year health care industry veteran Betty Larson as executive vice president and chief human resources officer, the Rahway-based pharmaceutical giant announced. Larson is responsible for global human resources and diversity, equity and inclusion for the company. She comes to Merck from GE HealthCare, where she served as chief people officer.


Public Service Enterprise Group Foundation sent a $1.45 million gift to Stevens Institute of Technology to further develop sustainability programming at the school and develop a pipeline of talent prepared to address threats to sustainable development. This gift, the latest in a long relationship between the school and PSEG, will enable the school to create the Stevens Center for Sustainability.


Delta Dental of New Jersey announced that Stuart Brereton was named its new vice president and chief sales officer. Brereton previously was regional vice president at Prudential Financial, and spent many years before that at The Hartford, where he began as a sales executive, serving the large group market and ascending to the position of regional sales director. 


EisnerAmper, the global business advisory firm with a heavy presence in New Jersey, announced it will combine forces with Alabama-based tax and real estate consulting firm Tidwell Group LLC, in a transaction expected to close in May. Tidwell has 40 partners and a staff of more than 200 professionals in six offices across Alabama, Georgia, Texas and Ohio.


The M&T Charitable Foundation is awarding $900,000 in grants to commemorate its 30th anniversary – including a $30,000 grant to the affordable housing project of Habitat for Humanity of Passaic County in Paterson. Founded in 1993, the M&T Charitable Foundation is the philanthropic arm of M&T Bank.


TD Bank elevated Matthew “Matt” Boss to head of U.S Consumer Banking, the Cherry Hill-based financial institution announced. In his expanded role, Boss will be responsible for TD’s more than 1,100 store locations, contact centers, digital sales and capabilities, retail operations, U.S. Wealth and TD Auto Finance, while continuing to oversee all consumer product teams.


Hackensack Meridian Neuroscience Institute at JFK University Medical Center in Edison recently received a major research grant from the National Institute of Neurological Disorders and Stroke. The five-year award of more than $2.2 million will be used to study a novel approach to treating traumatic brain injury.


Camden-based American Water Charitable Foundation recently donated $250,000 to the American Red Cross as part of the foundation’s Disaster Relief Grant Program.


Aaron Hajart was named COO of Community Medical Center in Toms River, officials at RWJBarnabas Health announced. Hajart has experience within the RWJBarnabas Health system, serving as the Southern Region senior vice president for service line and practice integration. In this position, Hajart led initiatives reducing long-term admissions by 85% and cut unnecessary patient days by 14,000 per year.


New Jersey Institute of Technology’s Martin Tuchman School of Management announced it will offer a new concentration in business and sports data analytics beginning in the fall.