The 2006 Forte Corporate Best Practices Summit Cathy Frierson GE Energy Financial Services May 3,...
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Transcript of The 2006 Forte Corporate Best Practices Summit Cathy Frierson GE Energy Financial Services May 3,...
The 2006 Forte Corporate Best Practices Summit
Cathy FriersonGE Energy Financial ServicesMay 3, 2006
•Intense Performance Culture
•Shared Values and Growth Traits
•Disciplined and Rigorous Process
GE…
Core business processes
CECCECCECCECC-DebriefC-Debrief CECCEC
GlobalLeadershipMtg. (GLM)
GlobalLeadershipMtg. (GLM)
CorporateExecutiveCouncil(CEC)
CorporateExecutiveCouncil(CEC)
Session CDevelopment& Succession
Session CDevelopment& Succession
Session DComplianceSession D
Compliance
Session CFollow UpSession CFollow Up
GrowthPlaybookGrowth
Playbook
C-IIFollow Up
C-IIFollow Up
GE GE OpinionOpinionSurveySurvey
SEBSEBOrientatioOrientatio
nnMeetingMeeting
S-IIOperating
Plan
S-IIOperating
Plan
April June August October December
March May July SeptemberJanuary November
February
CorporatCorporatee
OfficersOfficersMtg Mtg
(COM)(COM)
GE Operating System…Performance GE Operating System…Performance CultureCulture
Leadership meetings
Key Development Process … Session C
Focuses both on the individual + the company
Individual
– Feedback–
Development
– Career
Company
– Organization
– Leadership– Initiatives
Who• GE Leaders own the process ... HR leaders deeply involved• Leaders committed to developing themselves and others
What• Review of individuals and organizations
– Individuals > accomplishments, strengths/development needs, career– Organization > structure, succession plans, pipeline
• Progress on key initiatives
When
Where• At the business location ... significant leadership interaction
How• Company wide digitized process
The Session C Process
1Q• Bottom up• EMS reviews• Org. reviews
2Q• CEO visits/Leadership reviews• C Wrap up• CEC debrief
3Q• Follow up reviews• BOD Committee review [MDCC]
4Q• C-II prior to S-II• Full BOD review
1. Business Leadership•Direct Report organization chart•Overall rating/promotability - Officers & SEBs•Succession Plan for direct reports•Organization restructuring plans
2. Pipeline•Overall rating/promotability - EBs•VP and SEB potentials•Diverse representation and trend•Retention initiatives•Training nominations
3. Growth & Culture•Commercial Excellence•Globalization•“Expert Paths” in Careers•Growth Leaders
Business Session C Agenda
Consistent agenda… Discussion varies by
business needs
EMS-2EMS-2 EMS-3EMS-3
Session C Begins With 2 FormsSession C Begins With 2 Forms
People have an obligation for continuous improvement as well as the organization
9 Block
POTENTIAL
OV
ER
ALL R
ATIN
G
TopTalent
HighlyValued
LessEffective
High Medium Low
Driving Growth … leadership, capability & process
Growth … As a Person & GE Leader
Growth … As a Business Process