The Playbook for Putting People First

Global business leaders are shifting their emphasis from strategy to talent. Typically, a company refreshes its strategy several times a year, so firms need employees who can adapt to and execute new initiatives. Moreover, the pace of business disruption is accelerating. A company that joined the S&P 500 in 1935 could expect to stay on the index for about a century. Today, new competitors will replace half the S&P 500 within 10 years. Successful firms allocate money quickly and flexibly according to their vision of the future. They are tactical and nimble in reallocating talent, though it isn’t always clear where to move people due to the evolution of work and the influence...