Download Chasing Stars: The Myth of Talent and the Portability of Performance AudioBook Free
It is overlooked in the data overall economy that companies must employ the most gifted performers to compete and succeed. Many firms try to buy stars by luring them from competitors. But Boris Groysberg shows what an uncertain and devastating practice this is. After examining the careers of more than a thousand celebrity analysts at Wall structure Street investment banking institutions, and conducting more than 200 frank interviews, Groysberg comes to a striking final result: star experts who change firms suffer an instantaneous and lasting drop in performance. Their earlier excellence seems to have depended heavily on the former firms' general and proprietary resources, organizational cultures, networks, and acquaintances. There are many exceptions, such as stars who move with the teams and stars who switch to raised 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 sacrificing luster in their new adjustments. Groysberg also explores how some Wall structure Street research departments are effectively growing, keeping, and deploying their own stars. Finally, the e book examines how its results apply to many other occupations, from general managers to soccer players. Chasing Personalities offers serious insights into the fundamental dynamics of fantastic performance. In addition, it offers practical advice to individuals on how to manage their careers strategically, and also to companies on how to identify, develop, and keep ability.
