The Role Of Talent Management In Today’s Organizations
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role Of Talent Management In Today’s Organizations
MAIN
SIMILAR QUESTIONS
One of the most well-known examples of succession planning and talent management is the process used by General Electric (GE) to identify a successor for Jack Welch, GE’s most successful chief executive officer (CEO). During Welch’s 20 years as CEO, he was responsible for implementing many innovative processes at GE. He also eliminated waste through Six Sigma strategies and motivated all levels of employees to contribute to the company’s growth. Clearly, Welch would be a difficult leader to replace.
To ease the CEO transition process, GE began planning for Welch’s retirement in 1994, although he had not planned to retire until 2001. Unlike many CEOs, Welch wanted to be actively involved in the succession process and was a major advocate in implementing strategies that would aid in successfully planning for the company’s future. To begin the succession process, the company assembled a talented group of GE leaders. Accompanying Welch were GE’s vice presidents, human resources executives, and executive development representatives. After analysis of key talent, they identified three internal candidates suitable for the job: Jeff Immelt, president and CEO of GE Medical Systems; Robert L. Nardelli, president and CEO of GE Power Systems; and W. James McNerney, CEO of GE Aircraft Engines. Immelt, Nardelli, and McNerney were thought to have the essential skills and competencies that made up the ideal CEO for GE.
In 2000, after 6 years of careful deliberation, development, and grooming of the candidates, GE selected Immelt as Welch’s successor. Welch commented on the succession, saying that he was pleased with GE’s decision on Immelt, but that any of the three candidates would have made excellent CEOs. This sentiment was proven correct when Nardelli became CEO of Home Depot, and McNerney became CEO of 3M.
In this Discussion, further consider GE’s succession planning process, as well as broader concepts in talent management and succession planning. Compare the succession planning processes of GE, IBM, Apple, and HP. To begin this week’s Discussion, first review the difference between talent management and succession planning as outlined on page 13 of the course text Effective Succession Planning. Then review the article titled “IBM, Apple, HP: Stark Contrasts in CEO Succession,” found in this week’s Learning Resources, to examine the succession planning approaches taken by three major companies: IBM, Apple, and Hewlett-Packard. Finally, conduct additional research using the Walden Library and credible online sources, such as electronic journals, magazines, newspapers, and press releases, to explore additional information about the Jack Welch succession at GE as well as the other three companies listed above in addressing the Discussion Questions.
Post by Day 3 a cohesive and scholarly response based on your readings and research this week that addresses the following:
Assess the impact that talent management and succession planning systems have on an organization’s sustainable competitive advantage.
Create your own definition for the terms talent management and succession planning.
Can succession planning exist without a talent management component?
What is more vital to an organization’s sustainable competitive advantage—an effective system of talent management, or an effective system of succession planning?
Is it possible for organizations to keep a competitive advantage without the use of talent management? What about without the use of succession planning?
If you were an HR professional for an organization, what would be the relative emphasis you would place on each of these systems? Why or why not?
If an organization has neither in place, how could you start?
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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The Role Of Talent Management In Today’s Organizations
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