Marc Prine on How Industrial-Organisational Psychology Can Help You Unlock the Best Talent for Your Business

The Private Equity Podcast

Today's Guest

Today we welcome Marc Prine, an industrial-organisational psychologist working with Private Equity clients in the US to improve their performance by using data to better manage their people.

What’s in this episode?

In today’s episode Marc explains how he helps his clients secure the talent that is right for them, using a mixture of executive assessment and selection, succession planning, job analysis and business process improvement.

What you'll learn

What exactly is an industrial/organisational psychologist

Why experience in an industry doesn’t always translate to success in the job

Why you need to think about where you want to go before hiring talent

What is the 'locus of control'

Why instant gratification could kill your career

Why optimism is a key factor in great leadership

Breakdown

6:46 - What one mistake do you see PE firms or Portfolio Companies making

10:20 - The two main duties of an organisational psychologist

14:45 - What PE firms can learn from working with an organisational psychologist

18:40 - The difference between a controller and a CFO

20:44 - How do you measure if someone can create strategic value?

23:07 - The three attributes of a top performer

32:14 - What do you like and dislike about Private Equity

35:20 - Marc’s influences and what he’s reading right now

38:20 - A time Marc was blindsided and what he learned from it

41:25 - What advice would you give your 20 year old self

Resources

https://www.linkedin.com/in/marcprine/

https://www.mipconsultingllc.com/

Thank you for tuning in!

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