FORBES: Why Focusing On Your Teammate’s Success Is The New Performance Review
As published in Forbes. Countless organizations today are striving to create a learning, feedback-rich coaching culture. Having personally taught coaching to (and mentor-coached) hundreds of senior leaders in organizations like American Express, General Electric, salesforce.com, St. Jude Medical, and the Mayo Clinic, I know firsthand the significant investment companies are making. Recently, General Electric announced it was abandoning formal annual reviews and its legacy performance management system for its 300,000-plus employee workforce. What will replace these? More frequent feedback via an app. Given GE’s influence on the rest of the world, this change represents a fundamental shift in how organizations will develop, manage and evaluate people in the decades to come. This is a good thing. Our world is moving faster than ever — so who has the time to wait until next week, let alone the end of the year, to learn if all they were focused on, exhibiting and driving toward, was deemed effective or not by their managers and key stakeholders? We need to have more real-time, feedback-rich interactions, whether these occur in person or via technology. Such interactions create the basis of a coaching culture in which we support each other, with the tacit message underneath being simply: [...]