Chasing Stars: The Myth of Talent and the Portability of Performance Audiobook (Free)

It is overlooked in the data economy that companies must employ probably the most talented performers to compete and succeed. Many companies try to buy celebrities by luring them away from competitors. But Boris Groysberg displays what an uncertain and devastating practice this is.

After examining the careers greater than a thousand star analysts at Wall structure Road investment banks, and conducting more than two hundred frank interviews, Groysberg comes to a striking conclusion: star analysts who change about Chasing Stars: The Myth of Talent and the Portability of Functionality firms suffer an instantaneous and lasting decline in performance. Their earlier excellence seems to have depended greatly on their former companies’ general and proprietary assets, organizational cultures, systems, and colleagues. There are many exceptions, such as superstars who move using their groups and superstars who switch to raised firms. Female stars also perform better after changing careers than their male counterparts perform. But most superstars who switch companies grow to be meteors, quickly losing luster in their new settings.

Groysberg also explores how some Wall structure Street research departments are successfully developing, retaining, and deploying their own stars. Finally, the book examines how its results apply to a great many other occupations, from general managers to football players.

Chasing Stars offers profound insights into the fundamental nature of outstanding performance. It also offers practical guidance to individuals on how best to manage their careers strategically, and to companies on how best to determine, develop, and maintain talent.