• Ed Carpenter | A 230mph Lesson in People Leadership, Volatility & Competition

  • May 3 2021
  • Duración: 38 m
  • Podcast

Ed Carpenter | A 230mph Lesson in People Leadership, Volatility & Competition Por arte de portada

Ed Carpenter | A 230mph Lesson in People Leadership, Volatility & Competition

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  • Even three-time Indianapolis 500 pole winner Ed Carpenter was once told his dreams were too big. “One of the first assignments we had was to write a five-year success plan,” Ed says of his time at Butler University’s Andre B. Lacy School of Business. “I obviously wrote a paper largely based around my racing career, and kind of tied in my time at Butler and how I was there to complement that as kind of a plan B. … [The professor] told me that it was nice to have dreams, but you need to be more realistic.” On this episode of Human Resolve, host Mark Minner speaks with Ed about how he went from a rookie to eventually co-owning his own race team, Ed Carpenter Racing, and why naysayers only motivated him to work harder to achieve his goals. Ed also shares what he’s learned as the leader of a 40-person team, including the importance of compassion, transparency and a clear mission shared by all employees. He describes how, in the small community that is IndyCar racing, it’s extra important to show respect for your competitors. After the challenges brought on by the COVID-19 pandemic, Ed is extra grateful for a team that knows how to think on its feet and adapt. “I'd like to think that's one of the skill sets that we're very good at — just being able to deal with change and drama and unforeseen circumstances,” he says. “But I don't think anyone was prepared for what we went through last year. Fortunately, we were able to keep our people on through the whole time.”Featured LeaderName: Ed CarpenterTitle: Co-owner of Ed Carpenter Racing Company: Ed Carpenter Racing Noteworthy: Ed didn’t start racing until his mom remarried and suddenly he became the stepson of Indy Racing League founder Tony George.Where to find Ed: LinkedInHuman Resolve Episode 10 HighlightsHighlights from the transcript.💡 Surround yourself with a good team and you will succeed[20:07] “The first thing we really had to do — outside of spending money and putting deposits down on equipment — was to find a shop, a home location, home office. From there, it was really finding the right person to help us run the team and kind of their foundations and put an architecture together for how we wanted to build the team. I didn't want to have the sole responsibility of doing that, especially being in a dual role, still driving full time. So we hired Derek Walker, who had been a team owner, and kind of been through the same thing, similar experience and has had a successful team. … That was a great person for us — he definitely helped us lay foundations for what we are now.”💡 Clearly communicate your mission so that people will want to work for you[22:19] "There were challenges convincing people and selling people on what our vision was for the team, and that it wasn't just about my driving career — it was about building a business that would hopefully take me into the rest of my career as an owner once I am done driving. So there's complications on that side of things, on top of just balancing kind of having two jobs and two careers. One is the race driver, and one is the owner.”💡 Remember that as a boss, you can make a huge impact on your employees’ lives [24:06] "Managing our people and what's going on, whether it's in the workplace or in an employees’ personal situation, whatever it may be. … One of the things that I really enjoy about being in this role is the team aspect and working with our people and providing them with an experience and an opportunity to feel comfortable in their work environment and feel like we're not only giving them a professional experience, but something that benefits their whole family as well.”💡 The best leaders want to see their team grow professionally[25:43] “Seeing people achieve their full potential and become empowered to take a project and run with it and really make an impact — it's fun to see people develop. We have people here that came in at an entry-level position that are key employees now, who really have a large role. So that part's enjoyable, and on the driver side, working with young drivers and helping them become better professionals — I enjoy that side of it, too.”💡 Rolling with the punches was the best skill to have going into 2020[27:44] "It's a volatile industry to begin with, in a lot of ways. I think it prepares us to manage years like 2020. And still dealing with it in 2021, it’s probably a little easier because we're so used to plans changing and making last-minute decisions. Everything's fast paced that we do and the car has to be on track when it has to be on track.”💡 Transparency is key as a leader, especially in times of peril[28:56] “There's a lot of trust within the team, I really try to keep our people informed, especially when things are changing fast like they were last year. Just letting them know what's going on. At times, that seemed like it was hour to hour last year, let alone week to week, but...
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