Forgot capital, it is relatively easy to obtain today. Today scarce, coveted strategic resource is expertise, which comes in the form of employees. Although organizations have changed from the days of powerful hierarchical top-down management, they still have to go a long way. In addition to issues of corporate structure and who should be involved in strategic decision-making, there are questions as to the value to create the company should be distributed, now that the staff and … Read more »

Forgot capital, it is relatively easy to obtain today. Today scarce, coveted strategic resource is expertise, which comes in the form of employees. Although organizations have changed from the days of powerful hierarchical top-down management, they still have to go a long way. In addition to issues of corporate structure and who should be involved in strategic decision-making, there are questions as to the value to create the company should be distributed, now that employees and shareholders control a scarce resource. And then there are the intangible crucial changes that must occur in ways of thinking senior employees – and in the atmosphere and the culture of the company. Realignment of the old school managers away from the capital and in the direction of competent personnel will be difficult, but Christopher Bartlett of Harvard Business School and Sumantra Ghoshal of the London Business School have several recommendations for personnel professionals, to keep Bartlett and Ghoshal, are be key players in the design, development and delivery of strategy. Your task is threefold: the company structure by attracting and retaining highly qualified employees, find a way to integrate individual-based knowledge in the company, making it accessible and useful not only to a unit or function, but the entire organization– the task is to link and create win an engaging, motivating and retaining culture and keep talented people – the binding task
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from
Christopher A. Bartlett,
Sumantra Ghoshal
Source: MIT Sloan Management Review
10 pages.
Release date: 01 December, 2002. Prod #: SMR074-PDF-ENG
Building Competitive Advantage Through People HBR case solution

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