It is very tempting to want to pry a star performer from a competitor, but Michael J. Mauboussin argues, at Harvard Business Review, that can be a foolish approach:
[T]here is a tendency to prize a few standout individuals while ignoring
how much they draw on their surrounding systems for support. For
instance, many companies, sports teams, and entertainment businesses
hire a star when they want to quickly improve the organization’s
results. More often than not, however, newly transplanted stars fail to
deliver, because they’re separated from the people, structures, and
norms that helped make them great in the first place. In one study,
professors from Harvard Business School tracked more than 1,000
acclaimed equity analysts over a decade and monitored how their
performance changed when they switched firms. The dour conclusion of
the research: “When a company hires a star, the star’s performance
plunges, there is a sharp decline in the functioning of the group or
team the person works with, and the company’s market value falls.”
Read When Individuals Don’t Matter here.
(H/t Henry Abbott)
Posted
11-06-2009 11:34 AM
by
Graham Griffith