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The Mismanagement of TalentEmployability and Jobs in the Knowledge Economy$
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Phillip Brown, Anthony Hesketh, and Sarah Williams

Print publication date: 2004

Print ISBN-13: 9780199269532

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199269532.001.0001

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The New Competition

The New Competition

Chapter:
(p.15) 2 The New Competition
Source:
The Mismanagement of Talent
Author(s):

Phillip Brown

Anthony Hesketh

Sara Williams

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199269532.003.0002

Today, it is important for organizations to get the right people with the right knowledge into the jobs that suit them best to attain success. The rise of new technologies led to a major revision in the way division of labour was understood. With the post-industrial society, meritocracy is observed as differential status and differential income is now based on higher education and on technical skills. The competitive advantage of companies in the knowledge-based economy (KBE) no longer depend on mass-produced and standardized goods and services but on technological innovation, applied knowledge, and the knowledge capital of a highly skilled workforce. The consensus view promotes democratization and ‘diversity’, thus, a more ‘scientific’ approach is used in recruitment to match individual capabilities with the requirements of managerial and leadership roles in an organization.

Keywords:   new technologies, meritocracy, consensus view, technical skills, higher education, knowledge capital, skilled workforce, democratization, diversity, knowledge-based economy

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