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Just like the people they lead, they become protective of the way things operate. This may need to be the subject of another post, but one example of how I have tried to address this lid is with what I call “focusgroups”. After something is done a certain way long enough it’s hard to see how they are barriers stalling growth.
Conduct regular surveys, focusgroups, or town hall meetings to understand employee perspectives on fairness and equity in compensation. Cross-Functional Collaboration Encourage collaboration between HR, finance, and departmental leaders to collectively design and review the compensation system.
Disney admitted its studio would have an operating loss of $80-$120 million, making the film arguably the biggest flop of all time. The resulting spike in both supply and demand for movies has created fierce competition for financing. Sales teams could be equipped with likely sales for a given film to sell appropriately.
Disney admitted its studio would have an operating loss of $80-$120 million, making the film arguably the biggest flop of all time. The resulting spike in both supply and demand for movies has created fierce competition for financing. Sales teams could be equipped with likely sales for a given film to sell appropriately.
So four years ago, when I was CEO of GE Capital Retail Finance and tapped to lead a mega change initiative — splitting off our unit into a new, publicly traded company, Synchrony Financial — I’ll admit I viewed it as a huge challenge. We have hired more than 5,000 new employees since beginning the effort in late 2013.)
Sixteen women were interviewed and seven others participated in a focusgroup. They were employed in midlevel to upper-midlevel management positions in strategy, finance, marketing, legal, operations, and technology functions. These women started small, but started somewhere, and then increased the complexity over time.
Maybe there’s an email chain through which new parents in the marketing department swap out gently used baby gear, and maybe Mary over in finance has a reputation as an “on top of it” mom — and ends up mentoring and informally coaching a disproportionate number of colleagues as a result. Use resources on hand.
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