Superchargers became indispensable in the years immediately prior to World War II. GE suppliedturbo superchargers for use in fighter and bomber engines.
I thought it was time for an update. The performance and potential matrix 9 box model is one of the most widely used tools in succession planning and development. It can be a valuable tool for anyone who works in talent management, or for any manager.
For some reason, however, it seems to be covered in a veil of secrecy, leaving those that want to learn how to use it with little guidance. What is it and where did it come from?
It assesses individuals on two dimensions — their past performance and their future potential. The X axis horizontal line of 3 boxes assesses leadership performance and the Y axis of 3 boxes vertical line assesses leadership potential.
A combination of Y and X axis makes up the box within the grid that the leader is placed. I first started using it inand have since used it to facilitate hundreds of talent review meetings and lived to tell about it.
What are the benefits? The beauty of the tool is in its simplicity and ease of use.
With a little explanation and initial facilitation, managers usually can catch on pretty quickly. It helps overcome many of the common pitfalls when it comes to talent assessment, including: It hardly ever improves the process and often distracts from the overall purpose.
There are other ways to assess potential — instruments and assessment centers are great — yet they are also expensive. For the rest, this is the next best thing.
General Electric Strategic Business Portfolio Planning Grid - Free definition results from over online dictionaries. The General Electric (GE) McKinsey Matrix is a nine-cell (3 by 3) matrix used to perform business portfolio analysis as one of the steps in the strategic planning process. The General Electric HR team is all about being a real talent, business partner, focused on building the culture, capability, supporting global growth and be an effective employee advocate at the same time.
A catalyst for robust dialog. This tool helps provide a structured way to have those conversations in a professional, productive way. Helps calibrate criteria and expectations. The accuracy of assessing performance and potential improves with multiple data points. These discussions can help shine a light on superstars and poor performers.
Facilitates shared ownership, teamwork. This is a ground rule for any talent management meeting and discussion: A diagnostic tool for development. A talent review meeting uncovers both individual and organizational strengths and weaknesses. The grid serves as a needs assessment for development actions that need to be taken.
How to use it:General Electrics strategic planning grid A substitutes precise quantitative from BUSINESS at Universiti Teknologi Malaysia.
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