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Today's Guest
Today we welcome Marc Prine, an industrial-organisational psychologist working with Private Equity clients in the US to improve their performance by using data to better manage their people.
What’s in this episode?
In today’s episode Marc explains how he helps his clients secure the talent that is right for them, using a mixture of executive assessment and selection, succession planning, job analysis and business process improvement.
What you'll learn
What exactly is an industrial/organisational psychologist
Why experience in an industry doesn’t always translate to success in the job
Why you need to think about where you want to go before hiring talent
What is the 'locus of control'
Why instant gratification could kill your career
Why optimism is a key factor in great leadership
Breakdown
6:46 - What one mistake do you see PE firms or Portfolio Companies making
10:20 - The two main duties of an organisational psychologist
14:45 - What PE firms can learn from working with an organisational psychologist
18:40 - The difference between a controller and a CFO
20:44 - How do you measure if someone can create strategic value?
23:07 - The three attributes of a top performer
32:14 - What do you like and dislike about Private Equity
35:20 - Marc’s influences and what he’s reading right now
38:20 - A time Marc was blindsided and what he learned from it
41:25 - What advice would you give your 20 year old self
Resources
https://www.linkedin.com/in/marcprine/
https://www.mipconsultingllc.com/
Thank you for tuning in!
To get the newest Private Equity episodes, you can subscribe on iTunes or Spotify here.
Lastly, if you have any feedback on the podcast or want to reach out to Alex with any questions, send an email to alex.rawlings@raw-selection.com