In the jungle of modern media and publishing, we all need leaders. We look to those rare individuals who have a passion for content and a head for business, who can meld high entrepreneurial energy with the needs of a large team.
This week we found just that in Justin Smith’s email to his soon-to-be team as he prepares to take the helm as CEO of Bloomberg Media Group. Here’s a taste of the direction and insights Smith imparted to his new staff:
Smith On Change
“The media industry is bifurcated into two distinct worlds: the struggling traditional segment that longs for a simpler, more profitable past that will never return; and the vibrant, entrepreneurial segment that is reinventing the industry before our eyes. The simple act of choosing to live on the new, wide-open frontier is a powerful step toward success.”
“World class, A+ talent is the super-ingredient for media success, and the organizations that recruit and maintain their top talent — and manage it well — will win.”
“To succeed, we must accept this state of confusion and embrace the chaos.”
“One definition of entrepreneurship is the ability to evolve your product, business model, technology, or talent base to capture a changing market opportunity. Moving quickly is paramount.”
“There will always be a robust market for quality content. No technology will ever erode this demand. It’s our job to keep our standards high as we experiment.”
“I once heard an entrepreneur describe his business philosophy as being ‘allergic to failure.’ I recognized a bit of myself in that, and I sense that Bloomberg and the people who work here have the same allergy.”
Read more excerpts from Justin Smith’s email to staff at Bloomberg Media Group here.