“The empires of the future will be empires of the mind.” – Winston Churchill Silicon India Leadership Summit Vikram Shah President India Operations Network Appliance

2 Managing the Most Talented Agenda  Paradigm of Knowledge Economy  Hyper-Competitive Labor Market  Is Talent the Real Challenge?  What is it That’s Daunting?  Food For Thought

3 Paradigm Of Knowledge Economy  Knowledge Economy : –Generation & exploitation of knowledge: predominant source of wealth creation –Information: the raw material of knowledge economy –Services : the key source of employment –New commodity of knowledge economy - skilled, educated talent with formal & tacit knowledge  Agricultural Economy : –Land : the predominant source of wealth & power

4 Hyper-Competitive Labor Market 97% of recruiters say getting right talent is the challenge  Average quality of candidates has declined by 10% since 2004  Average time to fill a vacancy has increased  Below average candidates being hired “just to fill positions quickly” - Quoted from Economist.com Innovative ways to attract talent  Some companies ‘sell’ saying their work is challenging  Others ‘sell’ the academic stars they hire

5 Is Talent Acquisition the Real Challenge? Take a Look –  Enron recruited the brightest MBAs from world’s elitest institutions  LTCM had 1997 Economics Nobel Prize Laureates Myron Scholes and Robert C. Merton, on its board of directors. LTCM

6 What is it That’s Daunting? What is ‘Talent’ For You? -Do we need ONLY Einstein(s) for our organizations? -Do we need brains that are more agile & receptive to constant learning? -Do we know how to manage the RIGHT talent the RIGHT way? -Do we invest time in identifying our people’s CAREER ANCHORS That they like & wouldn’t give up doing under any circumstances Think About it “I aspire to create an enterprise where at least 80% of everybody's job consists of doing what they love.” Dick Vague, Chairman & CEO, First USA

7 Food For Thought “This is my $50 million business. I can double it, or I can run it into the ground. Where else could I get that kind of independence and that much of a challenge at the age of 33?“ - A store manager in Home Depot