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It's Not the How or the What but the Who: Succeed by Surrounding Yourself with the Best by Claudio Fernández-Aráoz

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The Other GDP

Back in 2006, I worked with Nitin Nohria, the current dean of Harvard Business School, and my Egon Zehnder colleagues, to complete a big study on talent, gathering detailed data and interviewing CEOs from forty-seven companies with a combined market capitalization of $2 trillion, revenues of over $1 trillion, and more than 3 million employees.1 Representing all major sectors and geographies, these firms were all successful, with strong reputations and solid people practices. And yet we found alarming signs that all were about to face a massive talent crunch over the following decade, as a result of three factors—globalization, demographics, and pipelines (I’ve taken to calling them “the other GDP”)—that were dovetailing to create ...

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