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Essay of Leadership/Quotes from Academy

Talent is a Public Good (재능은 공공재이다).

by Jeonghwan (Jerry) Choi 2010. 4. 1.



Talent is a public good, not private good. 
(재능은 공공재 이다.) 

References: 

Is Education a Public Good?



Higher Education for the Public Good: Emerging Voices from a National Movement (Jossey-Bass Higher and Adult Education) 



Is Education a Public Good? If So, How Should It Be Funded?



Public Goods: 
In economics, a public good is a good that is non-rivalrous and non-excludable. Non-rivalry means that consumption of the good by one individual does not reduce availability of the good for consumption by others; and non-excludability that no one can be effectively excluded from using the good.[1] In the real world, there may be no such thing as an absolutely non-rivaled and non-excludable good; but economists think that some goods approximate the concept closely enough for the analysis to be economically useful 

Talent development: 

Part of human resource development, is the process of changing an organization, its employees, its stakeholders, and groups of people within it, using planned and unplanned learning, in order to achieve and maintain a competitive advantage for the organization. Rothwell notes that the name may well be a term in search of a meaning, like so much in management, and suggests that it be thought of as selective attention paid to the top 10% of employees, either by potential or performance.[1][2]

While talent development is reserved for the top management it is becoming increasingly clear that career development is necessary for the retention of any employee, no matter what their level in the company. Research has shown that some type of career path is necessary for job satisfaction and hence job retention. Perhaps organizations need to include this area in their overview of employee satisfaction.

http://en.wikipedia.org/wiki/Talent_development


On the Sources of Entrepreneurial Talent: Tacit vs. Codified Knowledge


Daniela Federici, University of Cassino - Department of Economics

Francesco Ferrante, University of Cassino - Faculty of Economics - Department of Economics (DIPSE)

Domenico Vistocco, University of Cassino


Abstract:      

http://papers.ssrn.com/sol3/Papers.cfm?abstract_id=1301289


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