The role of talent management in strategic renewal

Kati Järvi, Violetta Khoreva

Research output: Contribution to journalArticleScientificpeer-review

1 Citation (Scopus)

Abstract

Purpose: The purpose of this paper is to emphasize the role of talent management (TM) in strategic renewal. Furthermore, the authors extend the existing knowledge on the process of TM implementation by underlining particular activities, which are involved in this process during strategic renewal.
Design/methodology/approach: The authors report a qualitative study of a TM program in a Finnish–Swedish Multinational corporation undergoing major strategic renewal. The data consist of 46semi-structured interviews and secondary data.
Findings: The role of TM in the context of strategic renewal is to provide the conditions for the self-initiation and identification of potential change agents and for the development of the talented employees to perform in their roles of change agent. In the context of strategic renewal, TM process consists of identification of key projects to address critical business opportunities and challenges, the identification of talented employees to execute them, and the identification and creation of key positions.
Research limitations/implications: The authors encourage scholars to explore the empirical settings characterized by change and unpredictability in more detail, and thus examine the role of talented employees and TM in other specific contexts. Future studies are also encouraged to study other cultural settings and examine to what degree the process of TM implementation may positively influence attitudes and behaviors of talented employees and, consequently, the overall organizational performance.
Practical implications: This study offers practical advice for top management and HR managers. First, the process of TM implementation during strategic renewal should start with the identification of “must-win-battles” that can have a more profound impact on change. Furthermore, top management should allow and enable motivated potential talented employees to volunteer for the job of aiding company-wide changes. Next, top management should provide the talented employees with the space to come up with novel ideas and conceive new business opportunities. Finally, the importance of transparent and spot-on evaluation criteria should be emphasized.
Originality/value: The study contributes to advancing our understanding of TM and strategic management in practice
Original languageEnglish
Peer-reviewed scientific journalEmployee Relations
Volume42
Issue number1
Pages (from-to)75-89
Number of pages15
ISSN0142-5455
DOIs
Publication statusPublished - 06.01.2020
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • employee behaviour
  • Europe
  • multinational companies
  • employees
  • organizational change
  • qualitative methods

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