Leadership Change at the PGA

This week saw more big news in the golf industry as Joe Steranka, CEO of the PGA of America, announced that he is retiring at the end of 2012 following 25 years with the PGA and 7 as its Chief Executive.

I met Joe once to discuss a potential partnership with TGA Premier Junior Golf.  He was cordial (and is generally well-regarded throughout the industry as a nice guy and universally respected) but we didn't agree philosophically.  He said: "I don't believe in privatizing or profiteering from junior golf."  My stance was (and still is) that this mentality is why we've seen a 34% decline in youth golf since 2005 (when he became CEO) while other sports with different philosophies have grown.

It will be interesting to see how Mr. Steranka's legacy unfolds.  Based on the state of the industry, it won't be positive.  Golf has contracted significantly since 2005 and that is why I think this is a positive and necessary change.  Whether or not the contraction has been the result of his policies, or bad luck with the economy - or even if he's done an incredible job at minimizing the bleeding - we'll probably never know.  Like any administration presiding over tough times, the causes don't matter as much as the results.  However, ultimately I believe his legacy will be handcuffed to the success of Golf 2.0, which is good news as I believe it has a great chance of success if executed properly.

I look forward to seeing a change at the top of the PGA and hope that Mr. Steranka's successor is collaborative, embraces innovation and supports entrepreneurship.  I encourage his successor to study the inclusive and open-minded culture of the United States Tennis Association, which has led to a 13% growth in tennis participation since 2005 while golf has seen a 13% decline in that same time.

I wish Mr. Steranka all the best in the next step of his career and thank him for his service to the golf industry.  He was dealt a tough hand and had mixed results, but from I've seen and heard, he deserves gratitude and applause from everyone in the industry for his commitment to the game. 

Your Sources of Information & Inspiration

Ben Horowitz, co-founder of the awesome VC firm Andressen Horowitz (investments include Twitter, Facebook, FourSquare and Zynga), often has thought-provoking comments on his blog and Twitter page.  Today, he got my mind working with two separate ones…

The first, from Twitter – “@bhorowitz: I definitely listen to other genres, but hip hop is the only popular music that is pro business and deals with business as a topic."

I enjoyed that comment because I love many types of music and had never thought of it in that context before.  If you follow Mr. Horowitz, you’ll note that he starts all posts with a quote from a song.  I used to do the same thing when I was an editorial writer for my college newspaper, albeit I never pulled from hip hop.

Horowitz’s second comment is much more relevant to this blog and came from his guest-appearance on TechCrunch.  The assertion is that the most difficult CEO skill is “managing your own psychology” and the post offers techniques for doing so.  I found it insightful and you can read it here.

I share Horowitz’s comments partly because I found them interesting and partly to make a bigger point: 

As an entrepreneur, my encouragement is to have vast horizons for where you search for and find your information (and inspiration).

Followers of this blog know that I often draw from TechCrunch, VC blogs and so forth.  I’ve been asked about it.  On the surface, the world of tech entrepreneurship has little relevance to being a golf entrepreneur.  However, the qualities that make a great entrepreneur are not industry specific – and venture capitalists are THE experts on entrepreneurship.  Thus, I read and learn from them.  They give me gems like this Horowitz post on a daily basis, whereas you’ll be hard pressed to find this type of information in a Golf Digest.

In my opinion, the road to happy entrepreneuring includes daily detours from our industry tunnel.  I wish you the best of luck finding your information and inspiration down these unpaved paths.