Integrating Organizational Cultures at FGIC
When the Financial Guarantee Insurance Company (FGIC) was spun off from GE Capital, the senior management team knew that the quality of its people would be its primary differentiator and a key component of its ability to achieve profitable growth and manage risk effectively. The company was very successful in attracting talent from several organizations and grew rapidly.
“This success, however, presented another important challenge,” observed Sean Woodroffe, the senior vice president of human resources. “As new people joined the firm they brought the norms, values, and work processes they adopted while they were with their previous employers.” Because FGIC was a young company and it did not have ...
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