Stephanie Cohen The Evolution of M&A and Corporate Strategy - [Invest Like the Best, EP.131]

Published: May 7, 2019, 9:30 a.m.

b'My guest this week is Stephanie Cohen, who is the chief strategy officer for Goldman Sachs and a member of their management committee. Prior to her current role, she spent the majority of her career in the investment banking and M&A divisions at Goldman.\\xa0\\n We discuss lessons learned from her career in M&A and the many initiatives she now leads at the firm. I really enjoyed her perspective on how a big, established firm like Goldman can balance innovation with improving existing businesses. Please enjoy our conversation.\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n \\xa0\\n Show Notes\\n 1:15 - (First Question) \\u2013 \\xa0Motives on both sides for doing M&A\\n 3:26 \\u2013 Most difficult deal she worked on\\n 4:50 \\u2013 Biggest value add she brought from her seat on the Fiat deal\\n 5:59 \\u2013 Biggest changes since she started to today\\n 8:31 \\u2013 Smartest ways for companies who want to be acquired to be prepared\\n 10:14 \\u2013 Best M&A banker she\\u2019s seen\\n 11:13 \\u2013 What should businesses looking to make an acquisition be thinking about\\n 15:16 \\u2013 What does a strategy from her perspective mean\\n 17:16 \\u2013 Tension between innovation and change\\n 19:46 \\u2013 Difference between bottom-up and top-down components of strategy\\n 22:15 \\u2013 Exploration vs exploitation\\n 26:28 \\u2013 Submission process within accelerate\\n 29:37 \\u2013 Next step after you see a good idea\\n 31:05 \\u2013 Her take on FinTech and Industrials and their collision\\n 35:15 \\u2013 Lessons from elite early stage investors\\n 37:21 \\u2013 The origins of the LAUNCH program\\n 40:06 \\u2013 Important pieces beyond just the capital\\n 42:42 \\u2013 How they market to women starting business\\n 44:56 \\u2013 Lessons that she has learned about narrative and communications\\n 47:07 \\u2013 How she handles developing talent internally\\n 49:28 \\u2013 Managing her time\\n 59:28 \\u2013 Biggest concerns about OKR\\u2019s?\\n 52:09 \\u2013 Kindest thing anyone has done for Stephanie\\n 53:07 \\u2013 Kids in the area of competing\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'