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In The Talent Masters , Bill Conaty and Ram Charan explain how to do it. To develop talent, you need to become intimate with your people; to know the essence of each individual. Talent development is not an event. Developing people simply must be a priority from the top down. People deliver numbers. It is a process.
Developing a Leadership Training Program for High Potentials: A Case Study. An assessment should be done of the high potential employees to determine their current strengths and development needs. We’ll look at how they determined what competencies were needed for future leaders and what comprised the program that was developed.
Ram Charans recommendation is wrong. A similar proposal to Split Finance would likely have been rejected out of hand by organization leaders (and Harvard Business Review editors), because its obvious that the Finance function must fit the organization strategy and leader capabilities. Lets be clear.
Much of Charan’s recent work has tilted towards organization and people (books on strategy execution, leadership pipeline, talent and advice on intensity, change, leadership traits, performance management, governance). Charan’s latest column actually affirms the value of HR to sustained competitiveness. The bottom 20% won’t take help.
In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.
Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). Sadly, chief executives aren’t the only ones with this negative perception.
So, how can you develop this muscle? Ram Charan. Their VP of Finance kept warning them not to spend in a few key ways. These are important traits, but it’s equally important for managers to stand down and listen up. What are the barriers to good listening and how do you overcome them? What the Experts Say. Further Reading.
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