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Chasing Stars - The Myth Of Talent And The Portability Of Performance

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Uncovering the myth behind talent and performance.

In "Chasing Stars," Boris Groysberg challenges the notion that talent is easily portable and shows how star analysts who switch firms often experience a decline in performance. Through extensive research and interviews, Groysberg uncovers the factors that contribute to a star's success and debunks common misconceptions. This book offers profound insights into what truly drives outstanding performance and provides practical guidance for managing careers strategically. If you're interested in understanding the complexities of talent and its impact on organizations, this thought-provoking read is for you.

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Chasing Stars - The Myth Of Talent And The Portability Of Performance

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Regular price $9.90 $4.90 51% off
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ISBN: 9780691127200
Related Collections: Economics, Business, Personal Development

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Description

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: star analysts who change firms suffer an
immediate and lasting decline in performance. 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. 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.


Author: Boris Groysberg
Publisher: Princeton University Press
Publication Date: 2010
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Uncovering the myth behind talent and performance.

In "Chasing Stars," Boris Groysberg challenges the notion that talent is easily portable and shows how star analysts who switch firms often experience a decline in performance. Through extensive research and interviews, Groysberg uncovers the factors that contribute to a star's success and debunks common misconceptions. This book offers profound insights into what truly drives outstanding performance and provides practical guidance for managing careers strategically. If you're interested in understanding the complexities of talent and its impact on organizations, this thought-provoking read is for you.