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Insights into Leadership with Jim Staten

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2016 CTT International Conference:
Jim Staten shares how to use finances to make sound thoughtful and compassionate investments to support the vision in a values-centred way. His stories will show you a way to enable the transformational journey with sound financial principles.

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Insights into Leadership with Jim Staten

  1. 1. Cultural Transformation Tools International Conference September 28, 2016 – September 30, 2016 Toronto, Canada Values-Driven Leadership in Business and Society
  2. 2. Insights into Leadership James Staten Senior Vice President, Finance and Chief Financial Officer University of Southern California Day Two – Practical Examples & Application Models September 29, 2016 9:55 a.m. – 10:40 a.m.
  3. 3. Insights Into Leadership  Core Values  Time & Money  Vision Leading From The Heart 3
  4. 4. Insights Into Leadership Core Value Stories From Two Business Sectors 4 Health Care Higher Education
  5. 5. Insights Into Leadership 5
  6. 6. Insights Into Leadership Values Integrity Patient-Centered Respect Accountability Compassion Doing the right thing Putting patients and families first Valuing all people Being responsible and taking action Being empathetic Values 6 VISION MISSION VALUES
  7. 7. 1. 20,000 2. $4 B 3. $160 M 4. 2,000/200 5. Epic 7
  8. 8. Insights Into Leadership 8 My USC Journey Thus Far . . . Sign USC Employment Contract, October 2015 Health System Financial Turnaround, June 30, 2016 USC Start Date, January 19, 2016 Moody’s USC Credit Opinion, August 9, 2016 USC Achieves Record Low Interest Rate on $723M Bond Refinancing, August 15, 2016 Workday Kick-off, September 22, 2016
  9. 9. Insights Into Leadership 9 Vision: To transform education in a rapidly changing world by creating scholarship with consequence and connecting brilliant minds equipped to explore and lead new frontiers of human progress. Mission: The development of human beings and society as a whole through the cultivation and enrichment of the human mind, body, and spirit. The principal means by which our mission is accomplished are teaching, research, artistic creation, professional practice and selected forms of public service. Values:  Commitment to Service  Search for the Truth  Respect  Diversity  Informed Risk-Taking  Integrity  Team Spirit These values define our community, sustain a sense of cohesiveness, and connect us to our past and to our future. VISION | MISSION | VALUES
  10. 10. Insights Into Leadership 10 Fertitta Hall Ribbon Cutting September 7, 2016
  11. 11. Insights Into Leadership The 1% Rule 11 99% 1%
  12. 12. Insights Into Leadership USC President, C.L. Max Nikias, Spotlights Diversity in Annual Address “It is by embracing every culture, my fellow colleagues, every religious view, every individual, that we find ourselves.” – C. L. Max Nikias, February 11, 2016 10
  13. 13. Insights Into Leadership USC Health System Turnaround Twelve Month Year-To-Date FY2016 13 $1.3B $1.4B $1.5B 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 Total Revenue($ in millions) $20M $39M $110M 1.5% 2.8% 7.3% - 20 40 60 80 100 120 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% EBITDA before Physician Recruitment EBIDA before Physician Recruitment EBIDA Margin ($ in millions) 2015 Actual FY 2016 Budget FY 2016 Actual ($67M) ($50M) $10M -5.1% -3.6% 0.7% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% (80) (70) (60) (50) (40) (30) (20) (10) - 10 20 Bottom Line Operating Results Bottom Line Operating Results Bottom Line Margin ($ in millions) 2015 Actual FY 2016 Budget FY 2016 Actual 2015 Actual FY 2016 Budget FY 2016 Actual 15% Revenue Growth Rate
  14. 14. Insights Into Leadership 14 Credit Strengths: • Excellent strategic position • Exceptional fundraising • Large research activity • Strong governance and management • Expanded senior management team • Close integration of the university and healthcare operations • Consistently positive operations and improved healthcare operations • Close integration of the university and healthcare operations 9 August 2016 Outlook Stable Aa1
  15. 15. Insights Into Leadership 15 Lowest Interest Rate for Bond Yields of 20–30 Year Maturities 3.028% Morgan Stanley Building Near Times Square in NYC Aug. 2016
  16. 16. Insights Into Leadership How a person or organization spends their Time And Money speaks to what is important to them 16 Through the CFO Lens
  17. 17. Insights Into Leadership Until world business leaders become aware that they are the problem, they can’t be part of the solutions that are so needed today Present and Open to the possibilities that might be revealed in the moment. Release that which doesn’t serve us Aware of our reliance on past successes and expectation of what the future should hold 17
  18. 18. Insights Into Leadership Vision 18
  19. 19. Insights Into Leadership New world business leaders will increasingly strive to build bridges (in their work) improving the health and wellbeing of those they serve guided by W I E S N D U The Seven Directions Allies 19
  20. 20. Insights Into Leadership The Three Piles 20
  21. 21. Insights Into Leadership 1. Financially Conservative 2. Strong Shared Values 3. Peripheral Vision 4. Experimental Mindset Characteristics of Long-Lived Organizations 21
  22. 22. Insights Into Leadership The 3 “D”s 1. Design 2. Delegate 3. Disappear 22
  23. 23. Insights Into Leadership Q & A 23

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