Talent Management: A Source of Sustainable Competitive Advantage

Author(s) : Mr Anand Kumar, Mr Girish Kumar
ISSN : 0974 - 9497
Year : November 2021 | Volume : 15 | Issue : 3/4

Abstract:
Talent has emerged as a strategic priority for companies amid global disruption. It is the new currency across businesses and a source of competitive advantage. It is difficult to find an organisation which has not experienced the power of people and their power to transform average to good and good to great. Equally rare are the organisations which develop and use this power to a significant extent. Generally, human beings are blessed with unique potential; some with aptitude, others with attitude, some with knowledge and skill, others with creativity, innovation or perseverance, etc. The detection and extraction of these raw strengths and theirrefinement into abilities valuable for the organisation needs a reliable process. In the absence of such a process, much of the gold may remain buried.
This article is about the art of mining the gold of talent – detection, extraction, and purification. It is also about the skill of melting and moulding talent so that elegant objects, such as customer delight, can be cast; as the outcome of a reliable process, not as a matter of chance. The article introduces two key concepts: i) hallmark development (detection, extraction, and purification) and ii) talent fusion (melting and moulding). The former is about ‘promising people’ looking deep within to search for their natural best, working on it and developing it to the fullest;refining and fine tuning those qualities, so that organisations recognize their worth and find themattractive. The individual is the doer, the organisation an enabler. The latter is about the enthusiastic merger or exchange of capabilities, so developed, in the pursuit of accomplishing worthy goals for the organisation, collectively.


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