Joint venture formations and stock market reactions
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: 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.
Information Technology and the Corporation of the s: Research Studies - Google Livres
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.
After examining the careers The Myth of Talent and the Portability of Performance. Princeton University Press , 19 avr.
Stock market reaction to strategic investment decisions - Woolridge - - Strategic Management Journal - Wiley Online Library
Firms of Origin and Portability. The Hiring Firm and Portability.
Why Is Womens Performance. Developmental Cultures at Work. Who Leaves and Why. Many firms try to buy stars by luring them away The Myth of Talent and the Portability of Performance Boris Groysberg Princeton University Press , 19 avr.
