creating a culture that develops leaders as a driver for innovation and growth

Creating a Culture that Develops Leaders as a driver for Innovation and Growth

Janice L. Semper Global Leader, Executive Development GE

GE Works

POWER &

WATER ENERGY

MANAGEMENT

OIL &

GAS

HEALTHCARE AVIATION TRANSPORTATION CAPITAL HOME &

BUSINESS

SOLUTIONS

GE works on things that matter. The best people and the best technologies taking on the toughest

challenges. Finding solutions in energy, health and

home, transportation and finance. Building, powering, moving and curing the world.

Not just imagining. Doing. GE Works.

3 Janice L. Semper

29 Oct 2013

GE Today

~$147.4B Revenue $16.1 operating earnings

GE Capital

31% / $46.0 B

Home

& Business Solutions

5% / $8.0 B

Healthcare

12% / $18.3 B

Transportation

4% / $5.6 B

Aviation

14% / $20.0 B

Oil & Gas

10% / $15.2 B

Energy Mgmt

5% / $7.4 B

Power and Water

19% / $28.3 B

How we drive innovation The GE innovation process

fastworks quest ge ventures

monthly jri reviews IB deep dives

business growth boards talent pipeline eg. eclp

80% >3 year tech 20% <3 year tech

new technology intro.

20% >3 year tech 80% <3 year tech

new product intro.

5 Janice L. Semper

29 Oct 2013

Global Innovation Barometer

Global 3rd edition, 25 countries companies 1.2k employees

C-Level respondents involved in company innovation strategy or process

Survey questionnaire Oct-Dec 2012

Malaysia • innovation a strategic

priority • framework for

innovation strongly conducive

• abilities needed to innovate clearly identified

• collaboration way forward

Cross sector

How do we create the right leaders

and culture for innovation?....

1878 – Est . Edison Electric Co.

1903 – Largest Steam Turbine

1908 – Pioneering Elec. Locomotives 1932 – GE Credit Corporation

1930 – Empire State Building 1942 – Entering the Jet Age

There’s no such thing as a 130-year plan.

We pass the test of time because we invent things that make the world work better, and along the way we reinvent ourselves to make a company that works better.

There’s no such thing as a 130-year plan.

In the midst of constant evolution what stays the

same is our commitment to the continuous

improvement of both the individual and GE.

1983 – The MRI

2003 – Digital Hospital

2008 – The GEnx Engine

2009 – Advancements in Ultrasound Technology

2010 – GeoSpring Hybrid Water Heater

2011 – “Wing to Wing” Smart Grid Solutions

2012 – The Industrial Internet

2013

At GE, leaders inspire others to be their best.

This is the foundation of our commitment to leadership development. We believe that everyone at GE can be a leader – and we believe that when one person grows and improves, we all can grow and improve.

And together,

Our culture drives our longevity. Our leaders drive our culture.

We prove ourselves before we lead others

We learn by doing because there is no better way

We build relationships and share knowledge

By leading at all levels, we work as one.

Leaders connect people with the processes that keep us all rising together.

Improving performance drives us all.

Goals and objectives are set for each individual and reviewed regularly, and their performance measured against them.

Our G&O system ensures individual and organization goals are aligned and enables feedback throughout the year.

“Performance standards are about simplicity

and accountability.” Jeff Immelt

Our Growth Values show us how to perform.

Imagination

& Courage

External Focus Clear Thinker Inclusiveness Expertise

They are embedded at every level of the company and are supported by one unifying principle: always act with unyielding integrity.

Leadership development @GE. Career-long. Company-wide. Continuous learning.

Global Leadership Programs

(~2% of workforce)

Professional Talent Pipeline: ~170,000

Executive Development

(~3% of workforce)

Leadership programs and accelerators develop our future leaders.

1/3 of our most senior leaders graduated from a Leadership

Program

4000+ on program today

100+ years

some programs have existed for over a century

Early Career Experienced Accelerators

Crotonville: A place, and a global ideal.

first corporate university founded

1956 1000+ customers

per year

90% of our senior leaders have been through Crotonville

Our mission: To inspire, connect, and develop the GE leaders of today and tomorrow.

The Employee Management System tracks goals and measures performance.

It includes tools to gauge: Accomplishments

Strengths

Development Needs

Career Interests

Development Plan

EMS is a chance for all leaders to assess and develop their strengths and plan the future of their career.

Current Assignment

Performance Growth Values

Rating Summary

Career & Development

Approve Appraisal

Session C helps us put the right people in the right places to meet our goals.

The process includes: EMS

9 Block

Succession Planning

Session C helps us develop our leaders and track the effectiveness of the entire organization.

Our reputation

Our Leadership Journey Continues

Contemporized Growth Values Equipping leaders to meet tomorrow’s challenges

Reimagining Crotonville Content , experience, environment

2011

2013+

Global New Directions Attracting and inspiring the next generation

Simplification Cultural and structural approaches to growth

Operational Reviews and Blueprints New operating rhythm

FastWorks New processes and tools

2012