2014: A “New” War for Talent

The problem is severe especially in the supply chain discipline. We see it everyday.
|See what the CEO from Korn Ferry says about it:

In 1997, Ed Michaels, Helen Handfield-Jones, Beth Axelrod of McKinsey & Company wrote a book entitled: The War For Talent.

The book depicted a battle for talent during the dotcom era.

However, going into 2014, we are in a new era that I have referenced as an unprecedented fight for growth. In meeting with corporate leaders worldwide, there is consensus that the problem of growth – or lack of it – is rapidly becoming the world’s No. 1 problem. Governments and corporate CEOs alike are grappling with the growth question, even if from different perspectives.

At the core of the growth issue is the question of leadership – not the individual superhero CEO or head of state, but the leadership team that collectively demonstrates insight, courage and inventiveness to deliver double-digit growth in single-digit markets. Such leaders are few and far between today. So unlike the talent war of the 1990s and 2000s, which was driven by a lack of supply of all talent, today’s war is all about a lack of supply of the right talent.

I’ll be talking about these and other issues this week at the Bloomberg Business Summit in Chicago. But here’s what you need to remember: The winning companies will be those that find and develop outperforming leaders in an underperforming economy.

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