A key goal on the employee front at Liberty Global is to identify and develop our future leaders. One way that we do this is through our emerging leaders' development program, Fast Forward.
This development program, launched in 2011, aims to identify emerging leaders from across our global operations. In 2012, a new class of 39 employees started their Fast Forward program.
As well as receiving 360-degree feedback and a detailed assessment of their leadership strengths, participants are assigned a senior mentor to guide and inspire them through their program, ensuring they have the support they need.
The centerpiece of Fast Forward is the Business Challenge, which offers participants the opportunity to tackle actual business issues that Liberty Global is facing. In 2012, one of these challenges focused on how Liberty Global could increase the efficiency of its capital expenditure (Capex) investment.
The Executive Management Committee (EMC) wanted to know how the company could increase its free cash flow while continuing to provide customers with the best products, at the lowest possible prices. The recommendation by the Fast Forward team was to create a company-wide Capex Efficiency Unit to champion Capex excellence across the organization and support each market to develop technical investment competences. The EMC adopted this recommendation and established a Capex Efficiency Unit.