“GM’s Plodding Culture Vexes Its Impatient CEO”
Ref: Wall Street Journal, April 7, 2010, Marketplace
Is General Motors finally ‘getting it’? The April 20, 2010 edition of The Wall Street Journal reports that General Motors plans to make an early repayment of it’s remaining $4.7 billion in U.S. government loans. CEO Whitacre forecasts a “solid” first quarter and sales are up 17% from a year earlier.
The phrase Performance Management typically congers up feelings and memories of required annual reviews, forms and ratings that were not only less than meaningful but seen by both those on the sending and receiving ends as toil, something to be avoided if at all possible and most likely justified by bean counters and personnel people trying to justify annual wage increases. Formal reviews, while serving some purposes, are rarely motivational and often ineffective and misused.
So, Performance Management got a bad name and less-than-desirable reputation along the way!
Most of us can recall a time when we’ve been a part of a ‘high-performing’ team or group. These are the times when everyone pulls together to achieve a particular goal or outcome. This occurs most frequently in times of crisis, emergency or extreme urgency.
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