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Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary by T. V. Rao

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7

Assessment and Development Centres

Introduction

In a competitive world, past success does not always guarantee future success. The risks are particularly high for those who have been operating in a protected environment. Economic reforms are constantly exposing organizations to higher and tougher levels of competition. In order to fight competition, firms need to advance at high speed in all areas: technology, processes, management, finances, quality, costs, the creation of new markets and product inventories, and, above all, increased employee efficiency, motivation and productivity. Competing organizations from other countries have easy access to the best technologies, unlimited finance, well-established management systems and practices, ...

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