1. We are 300,000 people operating in 175 countries
Inventing the next industrial era to build, move, power, and cure our world
Imagining things others don’t | Building the things others can’t | Delivering outcomes that make the world work better
We Are GE
version 4/2015
2. GE has revolutionized
and defined modern
productivity.
1892: It all started with the
light bulb.
1942: GE’s engineers launched
America into the Jet Age.
And delivered
outcomes that
transformed the world
at a personal level.
1971: GE opened a new frontier in
medicine with our MRI technology.
Built things that others
couldn’t.
3. A world that’s constantly reinventing
itself is a world where GE thrives.
No one reinvents like we do.
No one bridges minds and machines like we can.
No one is more capable of continually driving simplicity at scale.
No one is better poised to deliver the promise of the Industrial Internet.
4. Providing our aviation
customers with the most
technologically advanced &
productive engines, systems &
services for their success
Leading globally in power
generation & water
technologies
Our Businesses deliver value
Revenue: $27.6B
Profit: $5.4B
Pushing the boundaries of
technology in oil & gas to bring
energy to the world
Enabling utilities and industry
to efficiently manage electricity
from the point of generation to
the point of consumption
Revenue: $18.7B
Profit: $2.6B
Revenue: $7.3B
Profit: $0.2B
Revenue: $24.0B
Profit: $5.0B
Developing transformational
medical technologies &
services that are shaping a
new age of patient care
Being a global technology
leader & supplier to the
railroad, mining, marine,
stationary power & drilling
industries
Answering real-life needs,
defining trends & simplifying
routines. Leading a global
lighting revolution to deliver
innovative solutions
Investing financial, human &
intellectual capital to help our
customers build their
businesses
Revenue: $18.3B
Profit: $3.0B
Revenue: $5.7B
Profit: $1.1B
Revenue: $8.4B
Profit: $0.4B
Source: 2014 GE Annual Report
5. Governed by culture and
simplification
The GE Store
Driving competitive advantage
across our businesses
Supported by GE Capital:
Financing infrastructure
investments
GLOBAL
RESEARCH
CENTER
GLOBAL
SOFTWARE
CENTER
GLOBAL
GROWTH
ORGANIZATIO
N
CULTURE &
SIMPLIFICATIO
N
6. We deliver better outcomes for our customers,
shareholders, and the world.
We are creating a better, faster, simpler GE.
Our Cultural Code
7. Improving our strategic execution
Lean Management
Doing fewer things and doing them better
Speed & Competitiveness
Commercial Intensity
Digital Capability
Creating global value for customers
Taking intelligent risks, learning from
mistakes, and pivoting
Enabling speed, compliance & innovation
8. Empowering
employees
The way
we work
The way we act
and lead
The way we
unleash leaders’
intellect
and imagination
The way we grow
as individuals
and teams
The way we drive
accountability,
execution and
results
FastWorks GE Beliefs GE Crotonville
Performance
Development
Competitive
Pay for
Performance
9. GE Beliefs offer a new mindset, spirit and
behaviors to help us deliver on Simplification
Customers determine our success
Stay lean to go fast
Learn and adapt to win
Empower and inspire each other
Deliver results in an uncertain world
11. Growing the best leaders
in the world
We invest $1 billion a year in learning and development.
Our evolutionary leadership culture makes us the world’s #1 company for leaders.
12. Learning and sharing across our
teams and with our customers
We cross cultures, industries, and expertise to build
deeper relationships and deliver 360-degree solutions.
13. Inventing the future in the world’s
best industrial laboratories
We prototype and build parts and products many
believed impossible using advanced manufacturing
techniques at our seven Global Research Centers.
14. Building essential technology in the
world’s most Brilliant Factories
With our Predix software platform, we bridge the physical
and analytical worlds better than any company in the
world.
15. Changing ahead
of a changing world
We think ahead with Ecomagination, and adapt quickly to meet the world’s need
for safer, reliable, and more affordable energy.
16. We make the world
healthier
We spot trends three to five years ahead with
healthymagination to improve quality, access and
affordability of healthcare.
17. The World’s First
Power Plant
that runs on sugar cane.
100 Million
Gallons
of wastewater recycled for
irrigation, every single day.
A Smart
City Grid
that reduces CO2
emissions by the gigaton.
18. Locomotives
that travel from farm to
table on data-driven, fuel-
efficient control systems.
Planes
that manage their own
maintenance, so passengers
take off on time.
Lighting
that makes cities brighter
and smarter.
19. Software
that gives doctors the
clarity and connectivity to
make vital decisions
wherever they may be.
Global Healthcare
Innovation
that nurtures our next
generation.
Smart Capital
that provides financing and
GE know-how for
tomorrow’s growth.
20. The world of GE is the world we live in.
It is a world for the curious, the bold, and the optimistic.
It is a laboratory of ideas creating the tools of tomorrow.
It is you and me ushering in a new era.
Because at GE,
someday is today.
24. 1912 The Guarantee of Excellence on Goods Electrical
1915 Largest Electrical Manufacturer in the World
1920s Initials of a Friend…GE
1930s Live Better Electrically
1940s You Can Put Your Confidence in General Electric
1950s We’ve Got A Patent on Progress
1960s Progress is Our Most Important Product
1970s Progress for People; Men Helping Man
1979 We Bring Good Things to Life
2003 imagination at work
100+ year brand legacy
26. Lean Management
Simpler structure that can leverage our scale
Lower administrative cost
Smaller, focused headquarters
Common processes and shared services to drive sustainable growth
Delivering better customer outcomes
through teamwork, accountability, and prioritization
28. Crotonville, our global leadership institute,
is both a place and an ideal
40,00
0
PARTICIPANT
S
4,20
0
CUSTOME
RS
200
LOCATION
S
2,100
SESSIONS
Mission: inspire, connect, and develop
the GE leaders of today and tomorrow.
29. Impact
Outcomes that
our customers value
A personal, dynamic approach to enhance the way
we work and grow, drive competitive advantage, and
maximize customer outcomes
What
Contributions
to Priorities
How
GE Beliefs
Empower
and inspire
employees
Hold employees
accountable for
driving customer
impact
Leader as
coach
Ongoing
personal and
professional
growth
Focus on
WHAT we do
and HOW
we lead
Performance Development
Supported by ongoing dialogues and insights from colleagues
Culture of
transparency
and trust
30. Talent Management and
Succession Planning
Outcomes-based: Emphasis is
on talent, not process
Dynamic: Ongoing dialogue,
not one-time event
Future-focused: Developing
the leaders of tomorrow
Inclusive: Considers
leadership at all levels
Integrated: Aligned with
Performance Development
33. FastWorks is working on things that matter
Creating an intense focus
on customer pain points
Inspiring innovative
solutions that drive
commercial success
Being simpler, more
collaborative & easier to do
business with
Driving speed, learning &
iteration
Ensuring flexibility,
entrepreneurialism and
resilience
34. FastWorks in Action
Raising healthcare standards in Iraq
Ongoing Ministry of Health partnership
Customer impact:
• Education programs for medical professionals
• NICU quickly prototyped in Baghdad
• Faster hospital build
• Improved procurement process
FastWorks 2015
35. FastWorks in Action
GE Transportation delivers new
Tier 4 marine engine
Customer need:
New EPA requirements for reduced exhaust emissions
Customer impact:
• Reduced NOx emissions by 70%
• Engine weighs 75% less
• Reduction in engine square footage
In market 2 years ahead of competition
FastWorks 2015
37. Digital capabilities building
foundation for the future
Cloud
Data &
Analytics
Brilliant
Factories
ERP
Consolidation
Productivity
Tools
Cyber
OutcomesSpeed & Cost Productivity
Editor's Notes
Crotonville is our global leadership institute, and serves at the forefront of thinking in leadership, strategy, culture, and innovation. Founded in 1956, it is the first corporate university in the United States, and the epicenter of GE culture. Some of GE’s best-known initiatives – WorkOut, CAP, Six Sigma, Lean Six Sigma, and, more recently, Simplification and FastWorks – took shape at Crotonville.
The main campus is in New York. But Crotonville is a global organization – and a global performance ideal.
Crotonville embodies the promise of career-long learning at GE. Our curriculum evolves constantly to help our leaders meet tomorrow’s challenges. We deliver learning experiences on campus, online, or anywhere in the world. We inspire a culture that never stops evolving.
We are on a journey to create the best possible environment for our employees, drive value for our customers and create a simpler, faster and more competitive GE.
In order to help us do this more effectively, we saw an opportunity to adjust how we evaluate performance. It is way for us to simplify the process, align with other practices in the company and create consistency across the company. We believe it will also help us work smarter and hold ourselves accountable for contributing with more customer impact.
Meritocracy and differentiation remain a critical part of our DNA. At the end of the year, your performance will still be looked at in terms of WHAT (your contributions to priorities) and HOW (your proficiency in the GE Beliefs). The incorporation of the GE Beliefs shouldn’t surprise you as we have been talking about the GE Beliefs since early 4Q 2014. We are giving you more information now so you can understand the process and set in action critical behaviors that will help you maximize impact. This includes a shift in focus to ‘priorities’ instead of the more traditional ‘goals and objectives’ so you are working on the things that matter most and familiarizing yourself with the expectations of the GE Beliefs (see behavioral anchors on gebeliefs.ge.com).
At the end of the year, we will continue to use both WHAT (your contributions to priorities) and HOW (your proficiency in the GE Beliefs) to determine the impact you’ve made. Instead of providing two separate measurements for the WHAT and the HOW, we will consider and use both to determine a single impact indicator. As a result, there will be no 9-Block.
Session C, GE’s talent management and succession planning process, has served as one the company’s major operating systems for the past several decades.
Session C has earned a reputation within and outside of the company as one of GE’s great competitive advantages. This process has helped drive accountability and differentiate talent, ensuring that we have the right people in the right roles to achieve our desired growth objectives.
Some of the company’s major strategic shifts have been created or validated through Session C discussions, including globalization and our efforts to compete and win in growth markets, our investment in superior IT and digital capabilities, the strengthening of our global talent pipeline, and Simplification.
Under Simplification, GE is becoming a smarter, faster, more customer-focused organization. We are transforming the way we work (FastWorks), the way we build and shape our culture (the GE Beliefs), and the way we grow as individuals and teams (Performance Development).
We are transforming Session C as well. Instead of a once-a-year discussion requiring months of review and pages of documentation, the new approach will be more frequent (one business per month), less formal, and more forward-focused, providing an even deeper dive on talent. It will be more integrated, accelerated, transparent, adaptive, actionable. It will continue to help us map talent to strategy and operations to drive better outcomes.
We have an opportunity to rename Session C to reflect these changes and to help employees understand it within the context of our other Simplification initiatives.
What are the guiding principles?
Less about the process, it’s all about the dialogue
Focus on the talent … be forward-looking about their development and future state
Need to be scouting for leaders … we are designing the leaders of tomorrow
Not a static event, but an ongoing discussion
Not only focused solely senior leadership, but permeates the entire company
Senior leadership needs to empower & inspire … champion dialogues within business/function
Increased transparency … aligned to the Performance Development philosophy
GE offers competitive compensation, tied to performance. Our compensation policy helps ensure that everyone is focused on the Company’s achievement of customer outcomes and investor commitments, targeting the key financial and strategic metrics in our businesses that drive our success. We are aligned to win together.
