1
The empires of the future will be empires of the
mind. Winston ChurchillSilicon India
Leadership Summit

• Vikram ShahPresident India OperationsNetwork
  Appliance

2
Managing the Most Talented

• Agenda
• Paradigm of Knowledge Economy
• Hyper-Competitive Labor Market
• Is Talent the Real Challenge?
• What is it Thats Daunting?
• Food For Thought

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Paradigm Of Knowledge Economy

• Agricultural Economy
• Land  the predominant source of wealth power

• Knowledge Economy
• Generation exploitation of knowledge predominan
  t source of wealth creation
• Information the raw material of knowledge
  economy
• Services  the key source of employment
• New commodity of knowledge economy - skilled,
  educated talent with formal tacit knowledge

Where do you find them?
4
Hyper-Competitive Labor Market

• 97 of recruiters say getting right talent is the
  challenge
• Average quality of candidates has declined by 10
  since 2004
• Average time to fill a vacancy has increased
• Below average candidates being hired just to
  fill positions quickly
• 
  - Quoted from Economist.com

• Innovative ways to attract talent
• Some companies sell saying their work is
  challenging
• Others sell the academic stars they hire

Does the problem end with acquiring Talent?
5
Is Talent Acquisition the Real Challenge?

• Take a Look
• Enron recruited the brightest MBAs from worlds
  elitest institutions
• LTCM had 1997 Economics Nobel Prize Laureates
  Myron Scholes and Robert C. Merton, on its board
  of directors.

Both are world renowned examples of corporate
disasters
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What is it Thats Daunting?

• What is Talent For You?
• Do we need ONLY Einstein(s) for our
  organizations?
• Do we need brains that are more agile receptive
  to constant learning?
• Do we know how to manage the RIGHT talent the
  RIGHT way?
• Do we invest time in identifying our peoples
  CAREER ANCHORS
• That they like wouldnt give up doing under any
  circumstances

Think About it I aspire to create an
enterprise where at least 80 of everybody's job
consists of doing what they love. Dick Vague,
Chairman CEO, First USA
7
Food For Thought

• This is my 50 million business. I can
  double it, or I can run it into the ground. Where
  else could I get that kind of independence and
  that much of a challenge at the age of 33?
• - A store manager in Home Depot