For all of its incredible innovation and impact on the world, the technology industry has put itself into a conundrum around talent. One the one hand, executives fret about the shortage of leaders who are ready and able to help them grow their organizations. But most of these same executives can explain in depth the myriad reasons the industry doesn’t focus heavily on developing talent.
The experience of top technology firms suggests that when a company needs to shift or expand, having ready-to-promote leaders in the pipeline is crucial. By hiring and developing people who can change, those companies don’t have to change out their people.