Coverart for item
The Resource Chasing Stars : The Myth of Talent and the Portability of Performance, Boris Groysberg, (electronic resource)

Chasing Stars : The Myth of Talent and the Portability of Performance, Boris Groysberg, (electronic resource)

Label
Chasing Stars : The Myth of Talent and the Portability of Performance
Title
Chasing Stars
Title remainder
The Myth of Talent and the Portability of Performance
Statement of responsibility
Boris Groysberg
Creator
Contributor
Subject
Language
eng
Summary
  • Annotation
  • Annotation:
Member of
Cataloging source
MdBmJHUP
http://library.link/vocab/creatorName
Groysberg, Boris
Dewey number
332.6068/3
LC call number
HG4928.5
LC item number
.G76 2010
http://library.link/vocab/relatedWorkOrContributorName
Project Muse
http://library.link/vocab/subjectName
  • Labor turnover
  • Investment advisors
  • Wall Street (New York, N.Y.)
Summary expansion
  • 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 depended heavily on their former firms' general and proprietary resources, organizational cultures, networks, and colleagues. There are a few exceptions, such as stars who move with their teams and stars who switch to better firms. Female stars also perform better after changing jobs than their male counterparts do. But most stars who switch firms turn out to be meteors, quickly losing luster in their new settings.Groysberg also explores how some Wall Street research departments are successfully growing, retaining, and deploying their own stars. Finally, the book examines how its findings apply to many other occupations, from general managers to football players.Chasing Starsoffers profound insights into the fundamental nature of outstanding performance. It also offers practical guidance to individuals on how to manage their careers strategically, and to companies on how to identify, develop, and keep talent
  • 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 depended heavily on their former firms' general and proprietary resources, organizational cultures, networks, and colleagues. There are a few exceptions, such as stars who move with their teams and stars who switch to better firms. Female stars also perform better after changing jobs than their male counterparts do. But most stars who switch firms turn out to be meteors, quickly losing luster in their new settings.Groysberg also explores how some Wall Street research departments are successfully growing, retaining, and deploying their own stars. Finally, the book examines how its findings apply to many other occupations, from general managers to football players.Chasing Starsoffers profound insights into the fundamental nature of outstanding performance. It also offers practical guidance to individuals on how to manage their careers strategically, and to companies on how to identify, develop, and keep talent
Label
Chasing Stars : The Myth of Talent and the Portability of Performance, Boris Groysberg, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Contents
  • 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
  • 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
  • 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
Control code
OCM1bookssj0000665435
Dimensions
unknown
Isbn
9780691127200
Isbn Type
(alk. paper)
Specific material designation
remote
System control number
(WaSeSS)bookssj0000665435
Label
Chasing Stars : The Myth of Talent and the Portability of Performance, Boris Groysberg, (electronic resource)
Publication
Bibliography note
Includes bibliographical references and index
Contents
  • 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
  • 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
  • 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
Control code
OCM1bookssj0000665435
Dimensions
unknown
Isbn
9780691127200
Isbn Type
(alk. paper)
Specific material designation
remote
System control number
(WaSeSS)bookssj0000665435

Library Locations

    • Thomas Jefferson LibraryBorrow it
      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
Processing Feedback ...