What will you learn from this book
-
Individual Performance in Industries: The book delves into industries where individual talent is a crucial factor for success, such as finance, law, and entertainment, and examines the impact of individual stars on organizational performance.
-
Star Performers vs. Team Dynamics: Groysberg discusses the tension between star performers and the importance of team dynamics. While stars can contribute significantly, their integration into effective teams is crucial for sustained success.
-
Mobility of Star Talent: The book explores the mobility of star talent and the factors influencing their decisions to move between organizations. Understanding these factors is vital for talent management.
-
Role of Networks: Groysberg emphasizes the role of professional networks in the success of star performers. Networking and relationships play a key part in career development and opportunities.
-
Organizational Contributions to Star Performance: The book discusses the impact of organizational factors, such as culture, leadership, and support systems, on the performance and retention of star talent.
-
Human Capital and Investment: The importance of viewing human capital as an investment and the need for organizations to actively invest in the development and retention of their talent pool.
-
Risk and Rewards of Star Hiring: Groysberg explores the risks and rewards associated with hiring star performers. While stars can bring significant benefits, there are also challenges in integrating them effectively into the organizational context.
-
Gender Dynamics in Star Systems: The book addresses gender dynamics within star systems and explores how gender biases can impact the recognition and opportunities for female star performers.
-
Succession Planning: The importance of robust succession planning and talent pipelines to ensure continuity and mitigate risks associated with the departure of star performers.
-
Long-Term Talent Strategies: Groysberg advocates for long-term talent strategies that go beyond short-term gains, focusing on sustainable talent development and retention practices.
| Language | English |
|---|---|
| ISBN-10 | 9780691154510 |
| No of pages | 446 |
| Font Size | Medium |
| Book Publisher | Princeton University Press |
| Published Date | 10 Apr 2012 |
About Author
Related Books
It is taken for granted in the knowledge economy that companies must employ the most talented performers to compete and succeed. Many firms try to buy stars by luring them away from competitors. But Boris Groysberg shows what an uncertain and disastrous practice this can be. After examining the careers of more than a thousand star analysts at Wall Street investment banks, and conducting more than two hundred frank interviews, Groysberg comes to a striking conclusion: star analysts who change firms suffer an immediate and lasting decline in performance.
Their earlier excellence appears to have depended heavily on their former firms' general and proprietary resources, organizational cultures, networks, and colleagues. There are a few exceptions, such as stars who move with their teams and stars who switch to better firms. Female stars also perform better after changing jobs than their male counterparts do. But most stars who switch firms turn out to be meteors, quickly losing luster in their new settings. Groysberg also explores how some Wall Street research departments are successfully growing, retaining, and deploying their own stars.
Finally, the book examines how its findings apply to many other occupations, from general managers to football players. Chasing Stars offers profound insights into the fundamental nature of outstanding performance. It also offers practical guidance to individuals on how to manage their careers strategically, and to companies on how to identify, develop, and keep talent.