Talent Management: A Critical Part of Every Leader’s Job
Many CEOs are naturally inclined – and responsible for – overseeing the day-to-day operations of their respective firms. Not that there is anything wrong with that, but in the years ahead, one of a company’s major competitive advantages will be its ability to attract, develop, excite and retain talent. Responsibility for managing that talent is already being assumed by some CEOs, who, these co-authors and … [ Read more ]
Content: Article | Authors: Beth Axelrod, Ed Michaels, Helen Handfield-Jones | Source: Ivey Business Journal | Subjects: Human Resources, Leadership, Management
How Executives Grow
A McKinsey survey shows that most companies are poor at developing their executives-often, because of a belief that talent will rise by itself or that needed skills can always be brought in from outside. But leaving executive development to chance is risky.
The take-away:
Companies need to focus much more on developing internal talent. They should follow five principles: ensuring that executive development is a … [ Read more ]
Content: Article | Author: Helen Handfield-Jones | Source: McKinsey Quarterly | Subjects: Human Resources, Organizational Behavior