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Portfolio Management Maturity Model at Chevron - Presentation & Discussion

November 13, 11:30 AM - 12:30 PM ET (GMT-4)

The fundamental goal of the model is to help IT become a business partner and earn a seat at the table. Core to the model is to establish a five year IT strategic road map that is owned by the business. Presenter Janinne Franke is manager of strategy, planning & optimization at Chevron's corporate department & services. She will share processes and lessons learned from developing and implementing the model.

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Coaching Style Matters in Managing Millennials

Perks pale in comparison to challenging job responsibilities for Gen Y employees. Learning coaching basics can make the difference between mere compliance and active contribution and problem solving.

 

June 24, 2008CIO — Forget any assumption that great pay will result in superior performance. In an April 2007 New York Times article it was revealed that today's MBA students aren't listing compensation as their top job priority. As important as work/life concerns are to them, that topic isn't even top of the list. What matters most now: "Challenging Responsibilities," weighing in at 64 percent, is a full 16 percent more important than compensation (48 percent) and 19 percent more important than work/life balance (45 percent). And though they all might claim greening the planet as a shared value, all other attributes, such as contribution to society, ethics, travel and collegial interaction, rated no higher than mid-20s.

As much media attention as has been devoted to understanding Millennials, their need to be challenged and given responsibility has been underplayed in favor of the more over-the-top expectations for perks such as on-the-job massage, corporate-casual attire and flextime. But feeling tested and empowered matters greatly. Perhaps as a result of the era in which their adult consciousness began to take shape, namely the dotcom boom, Millennials have a sense that experiencing their own capabilities is the most important aspect of going to work every day.

How can a 20-something with little experience and lots of opinion possibly be given impactful responsibility without incurring huge risk? You as their manager have the task of making that work in support of their contribution to your objectives. Coaching-based dialogue is a learnable technique that offers a method for you to tap into this desire to contribute without gambling on outcomes critical to your organization's performance. Consider these differences in management techniques:

With a population as enthralled with their own sense of potential, it is easy to see why supervising and mentoring comes across as deadening and unexciting, and why the invitation to think intelligently, plan well and execute masterfully is one many of the new best and brightest aren't willing to live or work without. This is real-time learning by doing, calling to mind the words of Confucius:"I see and I remember, I do and I understand."

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