Nokia-Talent Management

Question 1 Introduction Effects of Globalization The battles for talent, recession, inadequate succession planning, brain-drain are all told the effects, of a shrinking global economy and globalization, which present some(prenominal) threats and opportunities to companies. With companies striving to obtain a belligerent advantage in the global market place, the shortage of appropriate skill-sets by individuals to seemly unique requirements, is becoming more problematic. Holbeche (2009:3) states: Talent and the ability to fill that talent to produce high performance teams are the buzzwords which dirty dog be heard in organizations in every sector, reflecting the emergence awareness of the importance of being able to attract, manage and make and retain the right people. Competitive Advantage Gitman and McDaniel (2009:225), defines competitive advantage as the factor that causes customers to patronize the firm and not the competition. Moore, K (December, 2010), sums up the importance of Human Resources (HR), when he states: Human beings, not machines or processes create competitive advantage.

Attracting Knowledge as a competitive advantage Wilton, N (2011:75) states, that sustained competitive advantage stems from twain implicit and explicit experience within the firm and the ability of employees to go steady faster than their rivals. Tacit knowledge is defined as that knowledge that resides within the individual and is often more difficult to devise and communicate while explicit knowledge is defined as procedural knowledge that is codified and systemized (Wilton, N. 2011:429). Sources of Organizational Knowledge Wilton, N. (2011:429) goes on gain ground to say, citing Leonard (1998), that competitive advantage may arise from four groups of organisational attributes or core capabilities:- Employee Knowledge and Skill Physical technical systems both individual technical competence and that accumulated in bodily systems built over time Managerial... If you want to get a blanket(a) essay, order it on our website: Orderessay

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