Business Innovation: Your Talent Management Strategy Is the Key

On Friday as I backed out of my driveway, I heard news tidbits on the
radio about a company that was possibly announcing bankruptcy. As the
news recycled, it was announced that it was Kodak that was possibly
going to make the announcement.

Also this week, Amazon announced that yes, they are getting into the tablet business with the new Kindle Fire.
As a Kindle fanatic, I read everything I could about the product. At
the other end of the spectrum, Borders officially closed their last
store last week.

The Kodak dilemma was not a real shocker, but I was extremely
interested in it. My hobby is photography and I remember buying dozens
of boxes of film at a time. I even had a darkroom in my first house. And
now, because of slow reaction to the transformation of the photo
industry, they are down for the count.

Innovation as part of the business landscape


Amazon is a perfect example of a nimble and innovative company that
started out as a mass online book retailer. It has morphed before our
very eyes into not only changing the book business, but also as serious
competitor to the king of the hill that we know as Apple. They have also
transitioned into a mass online retailer. Talk about innovation!

This is the state of affairs of our business landscape today. Either
move along in the fast lane or get out the way. If you don’t, you will
be literally run over.

All of these successes and failures can be blamed on their strategy,
but I take it back a step to the people, because people are the ones
that create the strategy. Did the level of talent and engagement differ
from an Amazon, Borders, or Kodak? It all comes back to the level of
talent and engagement within the organization.

If any company today ignores that part of the equation, they are venturing forward at their own peril.

Is your employee value proposition interesting?

This is the employee value proposition from Amazon — a place where
builders can build. They hire the world’s brightest minds and offer them
an environment in which they can invent and innovate to improve the
experience for their customers.

This is part of the employee value proposition for Kodak. Every day
you make a choice about where you work: which company deserves your
talent, your best thinking, and your passion?

Now you tell me which one would you want to work for?

Talent acquisition as the gatekeeper

Talent acquisition should address the strategic value of attracting
and hiring the right talent. That means hiring the right person to fit
the organization and the job.

Whatever your talent management strategy, it must be aligned with
organizational strategy. In other words, take a look at your
organizational strategy through the prism of your human capital
strategy. If this is not achieved today, talent becomes disconnected
from the focus and direction of the organization.

Every strategic direction that is created has ramifications for the
talent within the company. What are the strategic roles needed to
deliver on this strategy? It is estimated that 10 to 15 percent of the
strategic jobs in any company add the most value. Bill Gates once said
that if you take away the top 20 employees at Microsoft, it just becomes
an ordinary company.

Talent is the elephant in the room 

As we run into this quest for innovation, it all comes back to
the level of talent within your organization. That starts with the
acquisition model you have in place, from your website all the way
through the employee life cycle.

To use a manufacturing analogy, you have to have the right quality
part in order to build a quality product. That fact is unmistakable.

So, innovation is a bogus word if you do not have the right people on the organization’s bus.



Link to original post

Leave a Reply