Developing talent refers to the processes and systems devoted to preparing people for new and different positions within the organization. Most of the time this involves positions of greater responsibility as a result of promotions, but it can also apply to lateral career development positions that are part of managerial and professional career development tracks.
Organizations that fail to repeat the success of the last generation of leaders are often found to lack a coherent talent development strategy. While leaders and potential leaders may be sent to training classes and resource libraries, these are found to be of little use in making significant and lasting change.
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