The Different Functions of Management & General Electric examples

Thèmes abordés

The Management Development, Compensation Committee, executive compensation

Résumé du document

The Management Development and Compensation Committee is also composed entirely of independent directors and held eight meetings in 2010. The objective of the meetings were to establish, review and approve CEO compensation and to review and approve other senior executive compensation; to monitor our management resources, structure and succession planning, development and selection process as well as the performance of key executives; to review incentive compensation arrangements to assure that incentive pay does not encourage unnecessary risk taking; and to review and discuss, at least annually, the relationship between risk management policies and practices, corporate strategy and senior executive compensation. It also oversees the GE 2007 Long-Term Incentive Plan and the Incentive Compensation Plan and any other compensation and equity-based plans.

It's a process of optimizing resources and time in each levels of the company in order to work the plan efficiently. The organizational structure is a dynamic system of: beliefs, philosophies, ethics, habits, experience, norms … that define the priorities and values of a company.

Extraits

[...] Experienced Leadership Programs Experienced professionals who wish to accelerate their careers find fitting opportunity in our Experienced Leadership Programs. The programs position high-potential talent in collaboration with some of the top innovators in their fields, offering intensive onthe-job development in the areas of Corporate Audit, Human Resources and Sales and Marketing. (link: http://www.ge.com/company/culture/leadership_learning.html) - Controlling: It is the last of the 5 functions and also one of the most important because it closes the cycle of management. Controlling is the link between planning, organizing, staffing and leading. [...]

[...] We'd need 172 square miles just to grow the algae needed for one day of gas. (8,000 gallons x 640 acres = 5.1 million gallons per square mile; The U.S. consumes 882 million gallons of oil a day.) To meet all our needs, you'd need nearly 63,000 square miles, or the equivalent of Florida and Connecticut combined. Hyper efficient solar? The sun delivers the equivalent of 22,000 cubic miles of oil to the Earth every year, according to A Cubic Mile of Oil. Humans only use the equivalent of three cubic miles. [...]

[...] Affiliative leaders: create harmony & emotional bonds, efficient for team building. Democratic leaders: promote participation & build consensus, involve people but require time. Pacesetting leaders: negative style, expect excellence & self-management, low management, work with a motivated team. Coaching leaders: develop people for future, improve performance and long-term strengths. Example Executives Leaders Also kown as GE's “growth leaders”, our executive leaders are at the forefront of GE's diversified portfolio of businesses, where they foster an environment that encourages employee integrity and professional development. [...]

[...] The partnership offering, called intelligent Process Improvement aims to aid NHS trusts that are under pressure to deliver between billion and billion in efficiency savings by 2014. This new offering will combine hospital intelligence and benchmarking data from Dr Foster with the advisory expertise of GE Healthcare Performance Solutions to help English hospitals better understand and deliver on opportunities for change and rapidly deliver and embed sustainable improvements. (link:http://www.genewscenter.com/Press-Releases/GE-Healthcare-Performance-Solutions-andDr-Foster-Intelligence-form-Partnership-to-Drive-Quality-and-Performance-Improvementacross-Hospitals-in-England-321c.aspx) Example GE Introduces First Portable Total Organic Carbon Water Quality Analyzer for Municipal Drinking Water Systems The new unit has the flexibility to run online in a municipal plant or with an autosampler in a laboratory. [...]

[...] The objective of the meetings were to establish, review and approve CEO compensation and to review and approve other senior executive compensation; to monitor our management resources, structure and succession planning, development and selection process as well as the performance of key executives; to review incentive compensation arrangements to assure that incentive pay does not encourage unnecessary risk taking; and to review and discuss, at least annually, the relationship between risk management policies and practices, corporate strategy and senior executive compensation. It also oversees the GE 2007 Long-Term Incentive Plan and the Incentive Compensation Plan and any other compensation and equity-based plans. (link: http://www.ge.com/company/governance/board/committees.html) - Organizing: It's a process of optimizing resources and time in each levels of the company in order to work the plan efficiently. [...]