Profiles in Leadership - UW-Milwaukee
Profiles in Leadership - UW-Milwaukee
Profiles in Leadership - UW-Milwaukee
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Cover Story<br />
Profi les <strong>in</strong> <strong>Leadership</strong><br />
Lead<strong>in</strong>g a Not-for-Profi t <strong>in</strong> a For-Profi t World<br />
Jackie Fredrick<br />
(EMBA ’88)<br />
President & CEO<br />
The BloodCenter of Wiscons<strong>in</strong><br />
Leaders of not-for-profi t organizations<br />
face identical challenges to<br />
their counterparts <strong>in</strong> for-profi t<br />
organizations, said Jackie Fredrick,<br />
Presi dent and CEO of The BloodCenter<br />
of Wiscons<strong>in</strong>. “We require the same skills,<br />
talents, and expectations that are required<br />
<strong>in</strong> any organization that wants to be world<br />
class.”<br />
The BloodCenter of Wiscons<strong>in</strong> is a<br />
nationally respected transfusion medic<strong>in</strong>e<br />
organization that is the sole supplier of<br />
blood and blood products to over 50<br />
Wiscons<strong>in</strong> hospitals. It also provides<br />
diagnostic laboratory services nationally,<br />
transfusion-related medical services, and<br />
<strong>in</strong>ternationally recognized blood research.<br />
The BloodCenter has annual revenues of<br />
approximately $100 million.<br />
“Let me describe the complexities of The<br />
BloodCenter for you,” Fredrick said. “We<br />
are part of the biotechnology <strong>in</strong>dustry, a<br />
pharmaceutical manufacturer, a wholesale<br />
and retail pharmacy, and a national<br />
diagnostic lab. We have a physician group<br />
practice and an academic research<br />
<strong>in</strong>stitute. We are a charity and stewards of<br />
the gift of life. And, we are a grow<strong>in</strong>g<br />
organization, contribut<strong>in</strong>g to the economic<br />
development of our community.”<br />
With<strong>in</strong> that challeng<strong>in</strong>g environment,<br />
Fredrick described four leadership man -<br />
dates that guide her as she manages the<br />
tension between bus<strong>in</strong>ess excellence and<br />
deliver<strong>in</strong>g a charitable, community purpose:<br />
Creat<strong>in</strong>g a tremendous sense of mission<br />
and vision. “Our mission and vision —<br />
advanc<strong>in</strong>g patient care by provid<strong>in</strong>g<br />
life-sav<strong>in</strong>g solutions grounded <strong>in</strong><br />
unparalleled medical and scientifi c<br />
expertise — is what <strong>in</strong>spires our people<br />
and creates their greatest sense of<br />
purpose.” Leaders need to nurture the<br />
mission of their organization.<br />
Engag<strong>in</strong>g employees and build<strong>in</strong>g the real<br />
talent of an organization. To attract the<br />
same talent without the same fi nancial<br />
rewards that for-profi ts can offer, Fredrick<br />
said, not-for-profi ts must focus on provid<strong>in</strong>g<br />
the maximum environment for people to<br />
achieve their potentials — through a<br />
sense of purpose, by creat<strong>in</strong>g challeng<strong>in</strong>g<br />
and excit<strong>in</strong>g opportunities, and by<br />
offer<strong>in</strong>g opportunity for <strong>in</strong>novation.<br />
Cultivat<strong>in</strong>g connections and relationships<br />
with a wide variety of constituencies, both<br />
<strong>in</strong>ternal and external. In not-for-profi ts<br />
especially, it is crucial that these relationships<br />
be built on trust.<br />
Striv<strong>in</strong>g to have the best bus<strong>in</strong>ess and<br />
operat<strong>in</strong>g practices. “At the BloodCenter,<br />
we work very hard to be strong fi nancially,<br />
and to benchmark our practices aga<strong>in</strong>st<br />
such lead<strong>in</strong>g organizations as General<br />
Electric (Six Sigma), Mayo Cl<strong>in</strong>ic (brand<br />
management), and Ritz Carlton (customer<br />
experience).”<br />
“ I learned so much of what I practice as a leader today from <strong>UW</strong>M’s bus<strong>in</strong>ess school. And the<br />
BloodCenter cont<strong>in</strong>ues to send employees to the Lubar School — its EMBA program, PhD program, and<br />
Strategic <strong>Leadership</strong> Series. It helps our people to effectively operate <strong>in</strong> this very broad, complex world. ”<br />
— Jackie Fredrick, President and CEO, The BloodCenter of Wiscons<strong>in</strong><br />
SPRING FALL 2007 7