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The key to sustained competitive advantage in any industry is not size, image, or technology. It's talent, particularly at the leadership level. Your organization's future depends on its ability to identify, retain, and prepare a dependable bench - its next generation of leaders - continuously. Over the next several years, the baby boomers who have engineered some of America's greatest business growth will be retiring in huge numbers, creating talent gaps and unprecedented competition to fill them.How can your company stay ahead of the curve?Bench Strength offers a step-by-step approach to building a powerful talent strategy that will ensure the perpetual availability of potential leaders. Author Robert Barner leads you through important decisions about talent focus, including: The Make or Buy Decision: Should your talent strategy be focused primarily on developing leadership from within, or on acquiring ready-made leaders from other organizations?The Capstone/Foundation Decision: Should you concentrate development efforts on a few high-potential individuals, or spread resources across a broader section of your overall leadership bench?The Stream or Pool Decision: Should you identify successor candidates for specific leadership positions, or retain pools of potential leaders who may be qualified for any of a number of leadership positions as they become available?The Trade-Up or Build-Out Decision: Should you build bench strength by progressively trading up from marginally performing managers to high performers, or quickly expand the leadership talent base by hiring a large group of potential managers simultaneously?The Best-in-Industry or World Class Decision: Is your best talent strategy to focus on your own industry, or to look for cream-of-the-crop talent regardless of particular industry experience?The book also reveals the Seven Principles of Talent Deployment, which will help align your strongest players with your most critical and challenging needs. And the
Page Count:
241
Publication Date:
2006-01-01
Publisher:
AMACOM/American Management Association
ISBN-10:
0814429408
ISBN-13:
9780814429402
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