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.
Chasing Stars - The Myth Of Talent And The Portability Of Performance
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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
Book Condition Guide
Books in Like New Condition
This book may contain very minor cosmetic defects, but it is in pristine condition. There should be no yellowing, no foxing, no water damage, and no annotations of any kind on the cover and the pages. For paperbacks, there should not be any crease marks on the spine. This book is good as new — lucky you!
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Very Good Condition
This book has been used, but it is still in a clean condition. There should be no foxing or annotations of any kind on the inner pages, but a sparse amount may be present on the cover, title pages, or outside edges of the book. There should be no water damage of any kind. For paperbacks, there may be light crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Good Condition
We do our best to ensure the quality of our books, but there is no escaping the wear and tear that comes with time. Slight foxing and some annotations may be present on the pages and the cover. There should be no water damage of any kind. For paperbacks, there may be several crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
Books in Well Read Condition
This is a well-read book, which means that the previous owner probably really enjoyed it! The cover and pages may include moderate foxing and annotations, but the text is not obscured and still readable. Moderate cosmetic defects and minor water damage may be present on the edges of the book. For paperbacks, there may be multiple crease marks on the spine.
*Books may be missing bundle media (e.g. CD, e-book code), if included.
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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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