Stratford Shields is a firm believer that constant innovation in the workplace is more important than years of experience in the business. As a leader in the municipal finance association, Stratford Shields he has inspired many to work towards creating and supporting innovation in the workplace. While serving as the Treasurer, Vice chairman and chairman of the securities industry financial markets association (SIMFA), he has earned the recognition of his peers through his hard work. He has worked as a lead investment banker for institutions such as universities, airports, and hospitals. He has also managed student loan agencies and state revolving funds.
Actualizing the idea of creating his company
Stratford Shields realized he could create a company while working at Morgan Stanley with the then CFO of the Ohio State University. While interacting with the CFO, he got the idea to privatize its parking owing to the big size of the school and the constant flow of people visiting the institute. It took several years for the idea to be implemented but eventually when it was the results were extraordinary. The university received 483 million dollars which were allocated to benefit student scholarships and research projects.
Stratford Shields shared his views on the need for innovation in the workplace to encourage adaptation to change. The need for motivation and innovation according to Stratford Shields is more important compared to experience. He believes that twenty-year experience is just one year experience twenty times over which make one hesitant to grow and adapt to changes in the workplace. He also advises entrepreneurs to always “role with the punches” and never give up. He also advises professionals to avoid wasting time on transactions that are not likely to occur. The way to go about this is to analyze the situation and involve a third party to find out the prospects of a transaction going through.