The Buck Stops With You - Maryann Bruce
I was featured on ABC to CEO’s podcast that aims to inspire and encourage young women to become leaders and CEOs. I share advice on the experience and skills needed for success.
What’s the number one thing that board director and Former Fortune 100 Division President & CEO Maryann Bruce believes determines if a woman lands in the C-Suite?
P&L responsibility.
“If you really want to be a CEO at some point in your career, you have to have P&L responsibility. Profit and Loss experience can happen because you run a department, a division, or a whole company — but ultimately it means the buck stops with you. Does your department make money or lose money? P&L responsibility helps you dig deep and understand all the components of what goes into making a product, company, or service successful.”
Managing the profits and loss of an organization comes with a lot of pressure. However, don’t let your fear of failure stand in the way of the CEO path. You are capable!
