Chasing stars : the myth of talent and the portability of performance / Boris Groysberg.
By: Groysberg, Boris.
Material type: BookPublisher: Princeton, N.J. : Princeton University Press, �2010Description: 1 online resource (xiii, 446 pages) : illustrations.Content type: text Media type: computer Carrier type: online resourceISBN: 9781400834389; 1400834384; 0691154511; 9780691154510; 1282569155; 9781282569157; 9786612569159; 6612569158.Subject(s): Investment advisors -- United States | Wall Street (New York, N.Y.) | Labor turnover -- United States | Conseillers en placements -- �Etats-Unis | Wall Street (New York, N.Y.) | Personnel -- Rotation -- �Etats-Unis | BUSINESS & ECONOMICS -- Investments & Securities -- General | BUSINESS & ECONOMICS -- Workplace Culture | Investment advisors | Labor turnover | New York (State) -- New York -- Wall Street | United States | Anst�allningsvillkor | Framg�angsrikt f�oretagande | Karri�ar -- genusaspekterGenre/Form: Electronic books. | 7 Electronic books. | Electronic books.Additional physical formats: Print version:: Chasing stars.DDC classification: 332.6068/3 Online resources: Click here to access onlineIncludes bibliographical references and index.
Moving on -- Analysts' labor market -- The limits of portability -- Do firms benefit from hiring stars? -- Stars and their galaxies : firms of origin and portability -- Integrating stars : the hiring firm and portability of performance -- Liftouts (taking some of it with you) : moving in teams -- Women and portability : why is women's performance more portable than men's? -- Star formation: developmental cultures at work -- Turnover : who leaves and why -- A special case of turnover : stars as entrepreneurs -- Measuring and rewarding stars' performance -- Lessons from Wall Street and elsewhere.
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.
Print version record.
English.
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