Advertisement
  1. Business

HSN's Mindy Grossman and Bloomin' Brands' Liz Smith give advice to UT students

Liz Smith, CEO of Bloomin’ Brands.
Liz Smith, CEO of Bloomin’ Brands.
Published Oct. 24, 2015

Managing a multibillion dollar corporation is no walk in the park. Take it from two CEOs: Bloomin' Brands' Liz Smith and HSN's Mindy Grossman.

It takes vision, assertion and teamwork. But most of all, it takes confidence and communication skills, the CEOs said during a Sykes College of Business program at the University of Tampa on Thursday night.

Students, faculty, wanna-be entrepreneurs and up-and-coming Tampa Bay business owners listened to the hourlong program, part of an ongoing speaker series, with two of Tampa Bay's leading chief executives at the David Falk Theater.

Here's a recap of the advice Smith and Grossman shared:

1. Learn from those around you: Education is a lifelong endeavor, Grossman said. Take it from her — after graduating from college with a bachelor's degree, she called off a wedding engagement and decided not to go to law school, as she had planned, and instead moved to New York City to try to make it in the fashion industry. She did, and ended up working for companies such as Nike, Polo Ralph Lauren and Tommy Hilfiger, before joining HSN. "There are few things scarier than that," she said. But the lessons she learned from the experience were worth it. Even as a CEO, she said she surrounds herself with people who are smarter than her so that she's always learning.

2. Communication is key: Smith and Grossman graduated with bachelor's degrees in English before pursuing more business-related master's degrees and training programs. They agreed that having that liberal arts background helped lay the groundwork to be better communicators, an essential tool when you're trying to lead any kind of company or group of people. "There's no one path that's going to lock you into being a CEO," Grossman said. "Technology is a detriment in some ways because of how it's changed the way we communicate. Those skills are so important."

3. Be self-aware: People like to tell Smith that she is naturally assertive, that it's a character trait she was born with. She disagrees. "I've learned to be self-aware. I can communicate my point of view and am not afraid to share my own opinion," she said. "But I also know what my derailers are, and rely on others to help me work on them so I can improve my leadership skills." Welcoming feedback and ideas for improvement are important for personal growth and a way to be transparent in front of your team. "Women are less comfortable feeling uncomfortable," she said. But it's really a key part of the job.

4. Find a mentor. Or two: Being willing to ask for help when you need it is something Grossman learned during her time at Nike. She considers the retailer's co-founder, Phil Knight, to be one of her mentors. When she was taking on a new job in a new part of the company, Grossman went to Nike's human resources department and asked for support to help her hone her leadership skills. The company agreed. And mentorship goes both ways, Smith said. "My No. 1 responsibility as a leader is to make myself replaceable," she said. "It's important to mentor those under me. Leaders who don't aren't being transparent."

5. Network like hell: Networking is key for your career, no matter your age. "The qualities of great leaders are genderless," Grossman said, and a lot of those skills are developed through the people you meet in your career. For Smith, that means meeting new leaders in the tech industry when she's speaking at Stanford, her alma mater. She may not work in tech, but you never know how those relationships could one day blossom. "There are always going to be unexpected turns you take during your career," she said.

Follow trends affecting the local economy

Follow trends affecting the local economy

Subscribe to our free Business by the Bay newsletter

We’ll break down the latest business and consumer news and insights you need to know every Wednesday.

You’re all signed up!

Want more of our free, weekly newsletters in your inbox? Let’s get started.

Explore all your options

Contact Justine Griffin at jgriffin@tampabay.com or (727) 893-8467. Follow @SunBizGriffin.

Advertisement

This site no longer supports your current browser. Please use a modern and up-to-date browser version for the best experience.

Chrome Firefox Safari Edge