Search

NativeAdVantage 10-Q2BA:

(10 Questions 2B Answered)

What do you do best?
What makes you the best?
Biggest success?
What are your aspirations?
Most challenging moment?
Favorite Motto?
Favorite People?
Favorite Places?
Favorite Products?
Current Passions?


Featured NativeAdVantage:

Andy Weir: Author of "The Martian"

John Philipson: VP, Six Senses Resorts

Tom Sito: Chair of Animation, USC Film School

Elizabeth Wynn: Broker, Sotheby's RE

Leonard Greenhalgh: Professor, Tuck-Darmouth)

Ryan Blair: NY Times Best Selling Author/Entrepreneur

 

Featured NativeAdVice:

Shai Reshef: Founder of University of the People

Paul D'Arcy: SVP of Indeed

Susan Hatje: GM of Mandarin Oriental, NY

Dan Laufer: Co-Founder of RentLingo

Hilary Laney: President of Tri-Digital

Greg Marsh: Co-Founder of onefinestay

Omar Qari: Co-Founder of Abacus

Gabriell Weinberg: Founder of DuckDuckGo

Stacy Rauen: E-I-C of Hospitality Design Mag

Jon Gray: CRO of HomeAway

Joe Speiser: Co-Founder of LittleThings.com

Ben McKean: Co-Founder of HungryRoot

John Boiler: Founder/CEO of 72andSunny

Wayne Pacelle: CEO of The Humane Society of the US

Tom Guay: GM at The Sagamore Resort

Dr. Alejandro Junger: Founder of The Clean Program

Rob Flaherty: CEO of Ketchum

Neil Thanedar: Founder/CEO of LabDoor

Andy Grinsfelder: VP of Sales/Marketing, Delaware North Resorts

Laura Frerer-Schmidt: VP/Publisher of Women's Health

Avi Steinlauf: CEO of Edmunds.com

Kathy Bloomgarden: CEO of Ruder Finn

Gabriel Flateman: Co-Founder/CTO of Casper

Mark Bartels: CEO of StumbleUpon

Bill Hagelstein: President/CEO of RPA

Adam Singolda: Founder/CEO of Taboola

Jonathan Plutzik: Proprietor of The Betsy-South Beach

Jessica Scorpio: Founder/VP of Marketing at GetAround

Ralph McRae: CEO of Leading Brands

Warren Berger: Bestselling Author

Liz Kaplow: Founder/CEO of Kaplow Communications

Dave Girouard: Founder/CEO of UpStart

Dave Asprey: Founder of BullectProof Executive

Douglas C. Smith: President of EDSA

Val Difebo: CEO of Deutsch NY

Guido Polito: CEO of Baglioni Hotels

Doyle Graham, Jr.: CEO of Valencia Group

Oscar Farinetti: Founder of Eataly

Angelo Sotira: CEO of DeviantART

Ali Khwaja: CFO of Safecharge

Zach Erdem: Proprietor of 75 Main

Jim Beley: GM of The Umstead Hotel

Alexis Gelburd-Kimler: Proprietor of West Bridge

Elie Georges: Proprietor of Hotel San Regis

Kalen Caughey: Founder o VOKE Tab

Michael Friedenberg: CEO of IDG

Donna Karan: Founder of DKNY

Edward Nardoza: Editor-in-Chief of WWD

Scott Dadich: Editor-in-Chief of Wired

Rhona Murphy: Former CEO of The Daily Beast

David J. Pecker: CEO of American Media

Lilian Roten: VP of Swissotel Hotels

Kenny Dichter: Founder/CEO of Wheels Up

Joshua Tetrick: Founder/CEO of Hampton Creek

Paul James: Global Brand Leader of The Luxury Collection

Dr. James Wagner: President of Emory University

Amy Thompson: President of ATM Artists & Management

Neil Gillis: President of Round Hill Music

Brett Matteson: President of Columbia Hospitality

Jonathan Reckford: CEO of Habitat For Humanity

Phil Harrison: President/CEO of Perkins+Will

Chef Bill Telepan

Tony Horton: Founder of P90X

Beth Weissenberger: Co-Founder of The Handel Group

Michael Fertik: Founder/CEO of Reputation.com

Dana Cowin: Editor-in-Chief of Food & Wine

Bob Proctor: Chairman of Proctor/Gallagher Institute

Dennis Turcinovic: Owner of Delmonicos

Vittorio Assaf: Co-Founder of Serafina Restaurant Group

Shafqat Islam: Co-Founder of Newscred

Matt Williams: CEO of The Martin Agency

Bruce Rogers: Executive Chef at Hale & Hearty

Caleb Merkl: Co-Founder of Maple

Candy Argondizza: VP of Culinary at ICC

Neil Sazant: President of The Sagamore

Matt Straz: Founder/CEO of Namely

Terry Couglin: Managing Partner of Marta/Maialino

Andrei Cherny: Co-Founder/CEO of Aspiration

Ronen Nissenbaum: Managing Director of Waldorf Astoria NY

Patrick Godfrey: President of Godfrey Q

Sarah Berman: Founder/President of The Berman Group

Michael Schwartz: Owner of Genuine Hospitality Group

Stephan Aarstol: Founder/CEO of Tower Paddle Boards

Peter Shaindlin: COO of Halekulani Corp.

August Cardona: Founder/CEO of Epicurean Group

Nick Kenner: Co-Founder of Just Salad

Wednesday
Nov262014

Frank Britt: CEO of Penn Foster

My NativeAdVice:

Bio:

Frank Britt is the CEO of Penn Foster, a leading career-focused online and hybrid education institution that annually supports over 100,000 active students and 1,000 institutions nationwide. His mission is to create a national movement to better connect education, career pathways and job creation, and to promote debt-free and affordable learning. By utilizing the power of practical education, career training and hands-on mentoring, he has helped improve the lives of everyone from underprivileged children and families, to front-line workers and recent college graduates. His efforts recognize the challenges faced by the 7,000 people that regrettably drop out of high school each day, the 4 million middle-skilled workers seeking employment, 50-70 year olds transitioning careers, and the thousands of veterans focused on establishing new career pathways.

How did you get into the education industry?

In my younger years, I didn’t place a high priority on education. Towards the end of my high school journey, I realized that education needed to serve as the catalyst for my future. I became purposeful in school, and I ended up at Syracuse University against the odds, graduated successfully, and began a career in management consulting. I set out with the goal of becoming a General Manager and it became clear that I could grow beyond that role to running a full enterprise. For me the best place to do that would be in the education sector, as education changed my life trajectory.

Tell us about Penn Foster. What inspired the idea and what is your vision for the institution?

Our company was founded in 1890 as America’s first correspondence school with an aim of democratizing access to career-focused education and training. This original idea is even more relevant today given the issues of skills shortages and educational inequity particularly for the at-risk population. We believe talent is equally distributed by zip code, opportunity is not. Our institution seeks to address these issues and sits at the epicenter of the initiative to drive greater access to affordable, debt-free and flexible education.

What strategic partnerships have you implemented that have contributed to Penn Foster’s success?

We recently announced a partnership with America’s Promise, an organization that is dedicated to helping Americans, thinkers and organizations. Its definition of Opportunity Youth is people who are unemployed and don’t have a high school degree. I think America’s Promise and organizations like these are important catalysts for our future. We can play an important role in that ecosystem, and we hope to build on our role as partners to non-profits.

What industry trends are you noticing, and how do you capitalize on them?

The redistribution of opportunity is this country’s leading challenge as there is a stall in upward mobility at every stage of our education pipeline. We need to be far better at redistributing opportunity and giving everyone equal access to participate in the future.  What should we do about the fact that 50 percent of urban youth won't graduate from high school? Or, the fact that just 8 percent of kids growing up in the bottom 25 percent of household incomes will get a college degree? Or, jobs created through the second quarter of 2014, paid on average lower than the average wage of jobs from 2007, while the top 20 percent of income households captured 61 percent of total wage gains.  Education is primary path to leveling the playing field of opportunity and providing an on-ramp for lower income people who are increasingly being locked out of the future. As a provider of affordable, accessible education, we will work with employers who must play a more active role at the high school level in order to educate their future and current employees.

Life motto?

What you leave behind is not engraved in mountains but woven into the lives of others. I’d like to believe that many people that have worked with me would say as a result they are better versions of themselves, and their trajectory and career ambitions have been lifted.  In the end, wealth is a zero sum game, but transferring knowledge and mentoring is a multiplier.

Penn Foster’s motto?

Penn Foster’s motto is to strive to be a student achievement champion. We have built a culture and solution that directly addresses the underlying cause of attrition. Our team and student community become advocates for learners that often have lacked the social lattice that promotes success. We are in the confidence-building business as the cornerstone of enabling better academic outcomes and higher employability.

Your greatest success as CEO of Penn Foster? Most difficult moment—how did you overcome and what did you learn?

Transforming a culture was one of my biggest challenges, but in the end, is one of our greatest successes at Penn Foster. I believe that the source of our competitive advantage is culture. We help people achieve and believe, and we earnestly embrace that that is what we’re supposed to do. We say “we just changed another life” not “we have another enrollment.”  When you can embed that mindset into the fabric of a high performance organization, you can transform aspects of an industry – even the $1.3 trillion US education sector.

Your advice to an aspiring entrepreneur?

CEO’s are made, not born. The difference between ordinary and extraordinary entrepreneurs is perseverance and mindset. All early stage companies are trying to create a product or a service to meet a real or unarticulated need. It’s pretty hard to hit that bull’s-eye the first time, and there is a lot of competition and crosswinds. The successful leaders are the ones who persevere, who don’t get it right the first time, but stick with it until they have the right product/market “fit”

How do you motivate your employees?

What we’ve tried to do is generally not the mission of a traditional company. We’re more similar to a nonprofit—we’re trying to embed purpose in all of what we do and create a national movement to empower the 73 million middle class adults with even stronger skills, greater confidence, and better insights on alternative career pathways.

One food left on earth, what would you choose?

I would dig into a pecan pie for both the great taste and because I think it is an underappreciated part of the dessert world.  While it’s an iconic item across major holidays, it often takes a backseat among leading pastry chefs.

What literature is on your bed stand?

I’m a bit of an American history guy; I usually have several American history books on the side of my bed at any given time. For example, at home right now is The Fall of the House of Dixie, which is about the Civil War and the revolution in the South. Bunker Hill, which is about a revolution that started in Boston and spread, and about a battle that changed the city and the country. I think that it’s very helpful to understand how leaders and the rank-and-file in their time made choices. There are many commonalities between how leaders in government, military and business make their decisions, albeit different context - but they all share the common narrative of people who took it upon themselves to change the world.

Role model—business and personal?

For me, this has changed with age. These days I’m attracted to role models who are humble and wise as opposed to rich and powerful. In the formative stages of life, my values were influenced by a wise old man who became a surrogate grandfather and in college by a mentor that challenged me to raise my expectations of the possible. These men inculcated principles into my worldview that have stuck with me through adulthood. In both cases their most important lesson was to embrace a mission of living life to help empower other people.

Current passion?

I play ice hockey. It’s one of the places in my life where I am in the bottom 10-20 percent. That sense of personal exposure and uncertainty is a helpful reminder to me of what it feels like to lack control and all the key skills, and it helps keep me grounded and hopefully humble.

Most interesting headline you’ve read this week?

Thomas Friedman wrote a recent article called “The World Is Fast,” in which he outlines three “climate changes” currently happening: digital, ecological and geo-economic. At Penn Foster we are a part of all three of those changes: ecologically, we lower the carbon footprint by training people online. We are digitally powered, and we are part of the geo-economic change as we work towards empowering people to take better charge of their careers.

What’s next for Penn Foster?

Building an equitable human capital pipeline that supports upward mobility and enables more people to participate in the future is the critical challenge facing our country. We’re a 124-year-old company maturing at the exact right moment with the right proposition for employers and students. We aspire to be the leader in creating a movement to improve the lives of the underserved through the power of debt free education.

www.pennfoster.edu/

https://twitter.com/pennfoster

https://twitter.com/frankbritt

https://www.facebook.com/pennfostereducation