Training Builds Culture
Jeff Immelt
Venture Partner, New Enterprise Associates (NEA); Chairman & CEO, GE, 2001 - 2017
I work with multiple start-ups and small businesses, as an investor and board member. Coming out of Covid, many companies saw: high turnover, low engagement, and poor execution. These problems can’t be solved by stock options and recruiters alone. For me, this comes down to bad people management practices.
I come from a foundation of leadership training at GE. But, the tools and ideas around training change all the time. So, I spoke with 20 current HR leaders, mainly in Silicon Valley; and I reconnected with the great “HR Diaspora” from GE. Their message was concerning. They told me that training now is considered a “frill” ... that many preferred an over-reliance on “CEO Gurus” with low impact ... that MBAs are too expensive ... that virtual training has low retention.
This was a gap that needed a solution. ?Training is foundational for competency and culture.
I reached out to Kimberly Kleiman-Lee, who used to run leadership training at GE and today has her own development company. Together, we launched the “Performance Acceleration Journey (PAJ).” We call it PAJ because it is intended to accelerate the performance of individuals and teams. It is directed toward senior leadership ... just below the “C-Suite.” In essence, the people who make it happen.
PAJ has several pillars:
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We will soon host our second cohort ... 70 students from 10 companies ... public and private, start-ups and traditional, across five industries. Half of the companies are “repeats” from the first cohort.
I remain an active operator and investor, but I love teaching. I have spent several years teaching “Systems Leadership” to business students at Stanford. Teaching is hard and humbling ... it requires more than storytelling. I have learned to “teach” skills, like change management; to “demonstrate” the importance of new initiatives, like AI outcomes; and to “show” the power of building a network. Students force me to be honest with myself. They are attracted by the content and guests ... they learn from the grit.
Teaching forces you to keep learning. My efforts at Stanford and PAJ are about serving others. Besides, it has given me great joy at this point in my career.
Ultimately, I hope companies rejuvenate their own training programs. Training builds competence and competence builds culture. It is an investment worth making. In the interim, we hope you explore PAJ at www.PAJLeadership.com .
Market Leaders in AI Digital Workers aka AI SDR's ?? since '18 ?? Personalised emails isn’t enough - See how AI can engage with prospects, handles follow-ups, objections & books meetings!
3 个月I became an entrepreneur to lead and build a culture with values that sticks, but evolve. I wish Deloitte invested in similar instruments or training.
Managing Director, Operations Executive at JPMorgan Chase
3 个月Jeff this looks like an amazing program at the right time for business. Thank you for leading.
Executive Vice President and Chief Financial Officer at CF Industries
3 个月I saw this program first hand while I was with Bloom. The participant engagement was energizing. Thank you to Jeff for sharing your vision, time and passion to make it a reality. I highly recommend this to all.
Head of Corporate Communications @ Sunnova. Strategic communications advisor, crisis manager, brand builder, and storyteller working with leading global companies and organizations.
3 个月Great initiative Jeff! You and Sheffer are two of the most engaging and enlightening teachers I have ever had. And honestly, you don’t realize how much training and global experience you gained at GE until you are away from it. Incredidble and priceless! Thank you both, and I look forward to exploring the program (and checking out your reading list).
| Global Financial Executive | Senior Leader of Complex Organizations | Turnaround and Restructuring Expert |
3 个月I learned a ton from GE and you Jeff. Still remember a great session at crotonville with Sheffer in our group. Great idea to share these perspectives with up and coming leaders!