The Talent Management Handbook: Creating a Sustainable Competitive Advantage by Selecting, Developing, and Promoting the Best People, 2nd Edition

Chapter 30Establishing a Talent Management Culture

David C. Forman, Chief Learning OfficerHuman Capital Institute

ECONOMISTS, CEOS, AND THOUGHT LEADERS HAVE RECOGNIZED THAT WE ARE IN A different time, space, and context than companies in the Industrial and even Knowledge Ages. In the twenty-first century, success is based on the ability to innovate, be creative, connect across boundaries, and adapt to unparalleled change. When 90 percent of Hewlett Packard’s and Medtronic’s revenues are from products that did not exist a year ago, it is clear that you need to innovate or lose. Yet most current management and talent practices are based on a model of the company that is outdated and ensures that organizations will never be as capable as the people ...