Talent management-strategic corporate approach to superior performance
Talent management-strategic corporate approach to superior performance

Summary/Abstract: Talent management, as a modern approach in the field of human resources management, proposes a solution to all contemporary business trends. Thus, any company whose goal is to have a competitive advantage based on its human resource must have a talent management strategy. Talent management is the process by which an organisation identifies, manages and develops its people currently and for the future. This essay demonstrates how talent management theory was developed, and advances the argument how to balance between corporate strategy, human resource strategy and talent management strategy. The implications of the theory are profound. For effective use of talent management, the role of managers is essential in terms of comprehending this approach as investment in intangible assets which will position the organization as a leader in the market. The basic idea behind talent management is the assumption that there is potential in each and every one. In addition, there are certain key competences an organisation requires for sustainable competitive advantage, and the aim is to identify, retain and nurture them.

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