Stephen Schwarzman – American Businessman and Investor

Answers:- 1. How would you describe Stephen Schwarzman’s personality? Stephen Schwarzman is very detailed and careful person . Much of his decision making is guided by his coaches advice that, “you’ve got to make your deposits before you can make a withdrawal. ” As a consequence is his extremely conscientious and risk averse. According to Personality Dimension, a person who is conscientiousness is dependable, responsible, achievement oriented and persistent. Mistakes, no matter how small, are unacceptable to him and he does not lightly tolerate them at Blackstone.

According to Stephen Schwarzman, making an effort and meeting the deadline simply weren’t enough. To put it in Coach Armstrong’s terms, it wasn’t sufficient to make some deposits; he had to be certain that the deposits would cover any withdrawal 100% before made decision or did a deal. He mentioned that inaccurate analysis produces faulty insights and bad decisions; which lead to losing a tremendous amount of money. He also will insist on more information in order to avoid mistakes if he has uncertain to made decision. . Relative to the concepts you have just read about, what traits and characteristics would describe the “ideal” Blackstone job candidate? Explain your rationale for selecting each characteristic. A proactive personality and an internal locus of control would be prerequisites. Proactive personality is an action oriented person who shows initiative and perseveres to change things. Proactive people identify opportunities and act on them, show initiative, take action, and persevere until meaningful change occurs.

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While internal locus of control is the belief that one controls the events and consequences affecting one’s life. Other factors such as intelligence, including elements of emotional intelligence are also important given the fast paced environment. Intelligence is one of the characteristic that would describe the ideal Blackstone job candidate in order for them to thinking, reasoning and solve the problem in constructive way. Perhaps most important, however, is conscientiousness given Stephen Schwarzman’s intense focus on this characteristic in his own work and business model. . Ranked 1 = most important to 8 = least important, which of Gardner’s eight multiple intelligences are most critical to being successful at a major investment company like Blackstone? Explain your ranking. Gardner’s list of multiple intelligences includes linguistic intelligence, logical-mathematical intelligence, musical intelligence, bodily-kinesthetic intelligence, spatial intelligence, interpersonal intelligence, intrapersonal intelligence, and naturalist intelligence.

Opinions as to the relative importance of the different facets will vary by student. 1. Linguistic intelligence 2. Logical-mathematical intelligence 3. Interpersonal intelligence 4. Intrapersonal intelligence 5. Naturalist intelligence 6. Bodily-kinesthetic intelligence 7. Spatial intelligence 8. Musical intelligence 4. Using Table 5–5 as a guide, how important are the various emotional intelligence competencies for making good investment decisions?

Explain. Although student opinions will vary, self awareness, self management, social awareness, and relationship management all would be likely to play roles in the daily work of a Blackstone employee and affect investment decisions. 4. Do you have what it takes to work for someone like Stephen Schwarzman? Explain in terms of the concepts in this chapter. (Answers will depend both on student personalities and also their levels of self-awareness).

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