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TLP327: Never Sacrifice Form for Speed

TLP327: Never Sacrifice Form for Speed

FromThe Leadership Podcast


TLP327: Never Sacrifice Form for Speed

FromThe Leadership Podcast

ratings:
Length:
43 minutes
Released:
Oct 5, 2022
Format:
Podcast episode

Description

Audrey Darley Welch heads up the partner program for Darley Defense, W.S. Darley & Company’s military distribution business and its largest division. Her team manages the company’s partnerships with key suppliers of tactical and fire-fighting products and services. In this episode, Audrey shares lessons she learned from working in various industries and now at Darley. She tells how she adapts to working in a male-oriented field, how she applies sports metaphors to her team, and what she learned from bad assumptions.  https://bit.ly/TLP-327   Key Takeaways [2:09] Audrey originally had intended to become a high school math teacher and volleyball coach. But she didn’t realize you had to be a calculus whiz to teach algebra! She decided to go into finance, instead. She is still passionate about sports and coaching. [3:01] Darley, a family-owned business of four generations, has a family employment policy that requires family members to work outside the business for a period before joining Darley. Audrey had not planned to work at Darley. She started a banking career after college. After three years, she considered joining Darley. For a year she went to board meetings and shareholder meetings and researched Darley. [3:53] When Audrey decided she wanted to join Darley, she wrote an application essay. The open position was a dealer development person for Darley’s legacy pump division. She got the job and spent a year working in that area but it was not the ideal position for her background in finance and relationship management. [4:28] Audrey was interested in getting exposure to different areas of the business. She found a position in supplier relationship management in the Defense Division. It was a job she was weel-qualified for and she has been working in the supplier relationship function for the last seven years. [5:40] Working at a large bank before coming to Darley allowed Audrey to see how big companies do things, their policies, and their structure. She was able to see what her strengths were at work. The largest thing she learned was the discipline and accountability of being part of a professional organization. [7:03] Audrey feared before joining Darley that she would have to follow her father’s leadership style. He is an extrovert and Audrey is introverted. Audrey’s advice to the next generation would be to be natural. She also advises the next generation to find out what fresh ideas the business needs to set it up for success, respecting the secret sauce, the family. Darley has had 300% growth in the last five years. [10:01] Audrey doesn’t have a problem with being an offspring, the fourth generation, or being a woman in a male-dominated field. She works well with her male cousins and men in the industry. She goes on pheasant hunts, fishing, and to the Wisconsin supper clubs with the men, so being a woman didn’t make a difference to her career. Audrey describes a Wisconsin supper club, for those unfamiliar. [12:34] Audrey talks about one’s personal responsibility to pursue professional development. Especially in the family business environment, it’s all about initiative. She doesn’t expect her generation to be nurtured in the business. Each person needs to pave their own way. Audrey recommends a career map with a “From-To” statement and figuring out what kind of experiences you need to get there. [15:26] Does Audrey want to be President? At Darley, there is no job description for President; currently, the CEO, President, and Chairman are all the same person. So Audrey went ahead and developed a job description for the President as she sees it and as she thinks she would do well in that role, and where they can split off CEO responsibilities. She finds those types of exercises to be very refreshing. [17:25] Soon, the fourth generation will get together to talk about all the positions and get clarity on succession planning. Everybody at Darley has worn a lot of different hats, and it’s time to separate their roles, espec
Released:
Oct 5, 2022
Format:
Podcast episode

Titles in the series (100)

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