Embracing Technology and Innovation in Electronic Component Distribution
In this episode of the Mind the Innovation Leadership podcast, our host Sannah Vinding speaks with Don Akery, the CEO of Waldom Electronics, about the challenges and opportunities in the electronic component distribution industry. They discuss the impact of current industry trends on Waldom, including excess inventory and slowed demand. Don shares insights on the leadership and communication strategies he implements at Waldom. He also reveals his passion for the industry and offers valuable advice for individuals looking to excel in the manufacturing field.
Don also talks about the innovative use of avatars in communication and the importance of building strong relationships in business. Tune in for a captivating conversation packed with industry insights and leadership wisdom.
The Importance of Slowing Down and Building Relationships:
The need to slow down, understand the customer, and build a relationship before rushing into a sales pitch. Building trust, providing value, and truly getting to know the customer are essential before making any sales approach in the manufacturing industry
Embracing Technology and Continuous Learning:
The importance of embracing new technologies such as AI for communication and learning purposes. The value of continuous learning and keeping up with new tools and technologies to stay ahead in the industry.
People Skills and Company Culture:
The significance of soft skills and fostering a positive company culture. Don emphasizes the core values of care, communication, and ownership at Walden Electronics and stresses the importance of these values in creating a healthy and effective company culture.
“The people skills are tied to our personalities quite a bit, and I think that’s a skill that’s hard to learn, but something that could really help people do well in this industry.”
“It’s not about rushing; it’s about providing value first and building that relationship. Let’s slow down and pay attention to what we’re doing.”
In this episode of the Mind the Innovation Leadership Podcast, host Sannah Vinding sits down with Don Akery, CEO of Waldom Electronics and an experienced leader in electronic component distribution. The conversation delves into the current challenges in the industry, the unique model of Waldom Electronics, Don’s leadership style in navigating the evolving industry, embracing technology and AI, the importance of communication, fostering a good company culture, and the passion for the electronic industry.
The episode offers valuable insights for professionals seeking guidance on leadership, industry challenges, and the role of communication and culture in business success. Listeners will gain a deeper understanding of the complexities and opportunities within the electronic component distribution sector, and the significance of building strong relationships with customers and team members to drive success in this fast-paced and dynamic industry.
“I would say slow down and understand what you’re going through today. I look early in my career, and I think I was going through the motions trying to go faster and faster. But sometimes you have to slow down.”
Chief Executive Officer at Waldom Electronics
Don Akery is a visionary leader and dedicated principal with extensive experience in the distribution of electronic components. Currently serving as the Chief Executive Officer at Waldom Electronics, he has achieved revenue, profit, and business objectives while adhering to compliance requirements and developing corrective action plans.
Don has a proven track record in P&L enhancement, sales growth, sales management, business development, employee recruiting, and talent development. He holds a degree in Applied Behavioral Sciences and is actively involved in organizations such as Women in Electronics and the National Association of Wholesaler-Distributors. Throughout his career, Don has been recognized for his outstanding work ethic, determination, and strong leadership skills.
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