10 Points from David A. Nadler

November 10th, 2010

10 Points on career planning that David A. Nadler made during his recent presentation to METRO – The Metropolitan New York Association for Applied Psychology.

1. It’s hard to plan a career, maybe impossible. I could never have predicted the path of my own career.

2. Your career may have many stages: academic, consultant, entrepreneur, author, executive.

3. Be open to opportunities. You never know when they will present themselves.

4. Know your core capabilities. Understand what you can do and and how much stretch is possible.

5. It’s productive to take risks…

6. …and even more valuable to learn from “productive” failures.  Walter Wriston, the now retired chairman of Citicorp, used to frequently say to his managers, “Good judgment comes from experience. Experience comes from bad judgment.”

7. Do what you love doing. If you’re not, then figure out how to make a change. Life is too short to waste on things that are not your passion.

8. Mentors are great, but you can and should learn from everyone you work with.

9. Keep learning. There are always new things to learn.

10. Institutions come and go, but relationships last.

David A. Nadler is vice chairman of Marsh & McLennan Companies, Inc. (MMC), a global professional services firm with annual revenues of approximately $12 billion.

Special thanks to David A. Nadler and Michel Buffet.

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