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The New Face of Talent Management in Multinational Corporations: Responding to the Challenges of Searching and Developing Talent in Emerging Economies

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Asian Inward and Outward FDI

Part of the book series: Palgrave Macmillan Asian Business Series ((PAMABS))

Abstract

In emerging economies, the shortage in the supply of skilled talent is a significant problem for human resources (HR) activities of established multinational corporations (MNCs). This is also true for emerging economies’ new multinationals, particularly in filling leadership positions (Lim, Dai and Meuse, 2009; Sanyal, 2007; Schuler, Jackson and Tarique, 2011). When filling global leadership positions MNCs can either choose from acquiring or recruiting external talent, or identifying and developing internal talent (Caligiuri, 2006). It has been widely acknowledged that it is beneficial to invest resources in developing talented employees with the ability to adapt to various situations and fit into global roles. This has motivated MNCs to create talent management programs to develop and nurture their own future leaders (Collings and Mellahi, 2009; Hawser, 2008; Ready, Hill and Conger, 2008), with the ambition to maximize the potential of human capital and gain competitive advantage (Beechler and Woodward, 2009; De Pablos and Lytras, 2008).

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Authors
  1. Christian Schmidt
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  2. Sebastian Mansson
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  3. Harald Dolles
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Editors and Affiliations

  1. Centre for International Business Studies (CIBS), School of Business, Economics and Law, University of Gothenburg, Sweden

    Claes G. Alvstam , Harald Dolles  & Patrik Ström ,  & 

  2. Molde University College, Specialized University, Norway

    Harald Dolles

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© 2014 Christian Schmidt, Sebastian Mansson and Harald Dolles

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Schmidt, C., Mansson, S., Dolles, H. (2014). The New Face of Talent Management in Multinational Corporations: Responding to the Challenges of Searching and Developing Talent in Emerging Economies. In: Alvstam, C.G., Dolles, H., Ström, P. (eds) Asian Inward and Outward FDI. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137312211_5

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