  Authors Peter Cheese, Robert J. Thomas and Elizabeth Craig—all from Accenture—explore talent as a strategic issue in this, the first of five chapters of a book that aims to help readers navigate the new economic environment and its impact on the modern workforce.
Each chapter corresponds to a different talent imperative. Chapter 1 calls for a human capital strategy to become an intrinsic part of any business strategy in order to achieve high performance. The authors recommend that organizations develop an understanding of the value of talent and in developing business strategy, give proper attention to the organizational implications and options surrounding talent.
The chapter investigates why talent is of strategic importance, and both the country-specific and global changes and trends that have led to its significance. The authors explain why organizations should adopt a proactive and diverse approach to populating their talent pool, and highlight the importance of learning and skills development. They raise the issue of employee engagement and why it is both more important and more difficult than ever before. The chapter concludes with a reminder that talent management is an organization-wide responsibility and reflects how leading organizations have adapted their structures accordingly as they pursue high performance.
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