LarryHochmanTheWarforTalentPart2

Larry Hochman
The War for Talent
Part 2

Posted on October 25, 2007 - Filed Under Innovative marketing strategies, CSA - Celebrity Speakers, Expert Interviews |

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by Larry Hochman

Empowerment as a concept has been misunderstood for as long as it has been used. It is not about giving anything to anyone. It is simply about removing fear and bureaucracy from the decision-making process. Every company today is too slow and too bureaucratic - every company! What makes globalization so profound (equal in significance to the invention of the printing press AND the industrial revolution combined) is the speed with which change is happening, facilitated of course by technology. Standing still today is a terminal illness. You may have lots of clever ideas, but are you moving fast enough? Have you peeled away the layers of bureaucracy to allow your best people the greatest opportunity to contribute? Are you fostering a culture of collaboration, and re-directing your energies externally to collaborate - in real time - with both your business partners and of course your customers? Are you facilitating collaboration between your customers?

The ability to see the future before the competition and to get there first, is an integral component of great leadership. No leader can do this alone. The depth of talent that surrounds successful leaders is sometimes the best indication of their wisdom and competence. The legacy of every company operating in the remarkable worlds of work in which we now live, will be determined to the greatest possible extent by a singular determination - perhaps obsession - to find the right people, keep the right people by giving them unlimited freedom to contribute, focus the right people on the right things, and rewarding them handsomely.

“The War for Talent” will only become a bigger and bigger challenge in the months and years ahead. The most profound consequence of globalization is the inevitable march of technology and capital, that is removing all barriers, all boundaries, all friction and all constraints - and at a remarkable speed. We are moving into a period where all technology will be digital and mobile, where all the “knowledge-pools” on the planet are connected and accessible by five billion of the six billion people alive today. Anyone can be a competitor now. Correspondingly, anyone can be a customer, too. Two billion new potential customers have come on-line (in China, in India, in Eastern Europe) just in the last 18 months alone. Are you positioning your enterprise, whether it is in the private or public sector, to successfully meet these new challenges? The most important choice you can make to do so, is to be certain that you are indeed focused on finding ways to attract the most talented available, and that you are bringing them into an environment that truly allows their talent to soar.

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This article was orignially published by Personnel Today, Sept 2006

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