Prioritizing People& Managing Attrition with Former CVS Executive, Dr. Alan Lotvin

Dr. Alan Lotvin is a renowned cardiologist, author, and executive leader. He has had a diverse and exciting career, including serving as the president of CVS Caremark, where he helped transform the company into a formidable healthcare organization. He is known for his expertise in healthcare management and his ability to lead high-performing teams.

Summary:
Dr. Alan Lotvin shares his insights on leadership and growing a business with people. He emphasizes the importance of taking a chance on people and recognizing patterns of success. He discusses the need to prioritize talent and culture as a leader and shares his approach to reducing attrition. Dr. Lotvin also highlights the importance of honest conversations and developing individuals' talents.

Key Takeaways:

• Taking a chance on people and recognizing patterns of success are crucial for effective leadership.
• Prioritizing talent and culture is essential for growing a business with people.
• Reducing attrition requires creating a culture of transparency, trust, and safety.
• Honest conversations about performance and career growth are necessary for individual development.
• Developing individuals' talents involves assessing their potential and providing the necessary support and resources.

Quotes:

• "Sometimes you have to take a chance on people."
• "The higher you get in an organization, the more time you should spend on talent and culture."
• "Treat people with dignity and respect, and make them feel important in their roles."
• "Tough conversations and bad news do not get better with age."
• "Honest conversations about performance and career growth are crucial for individual development."

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Special thanks to all those who encouraged me to do this podcast, with a special thanks to my son Jeffrey who challenged/inspired me to do this podcast, Vinnie and Emmett who have helped to post and promote it, and Aubrey who has provided me with good, constructive feedback along the way! Love, Dad