Edwards Lifesciences' Talent Management Practices: Creating a Competitive Advantage

            
 
Case Studies | Cases in Business, Management, Cases | Case Study

ICMR HOME | Case Studies Collection

To download Edwards Lifesciences' Talent Management Practices: Creating a Competitive Advantage case study (Case Code: HROB126) click on the button below, and select the case from the list of available cases:

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies



Human Resource and Organization Behavior Case Studies
HRM Short Case Studies
View Detailed Pricing Info
How To Order This Case
Business Case Studies
Area Specific Case Studies
Industry Wise Case Studies
Company Wise Case Studies

Custom Search




Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

Case Details:

Price:

Case Code : HROB126 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

Themes

Talent Management / Performance Management/ Competitive Advantage/ Culture
Case Length : 17 pages
Period : 2000-2009
Pub Date : 2009
Teaching Note : Not Available
Organization : Edwards Lifesciences Corp.
Industry : Healthcare / Medical Technology
Countries : US; Global

Abstract:

This case discusses the talent management processes of Edwards Lifesciences Corp. (Edwards), the world's leading heart valves and hemodynamic monitoring company. It also discusses how having talent in key areas helps foster innovation in the company and results in it obtaining a competitive advantage.

Since Edwards was spun off from Baxter International Inc. (Baxter) in 2000, the company showed good business performance with a consistent rise in revenues and increase in its stock prices. It came out with many innovative products that helped it hold its own in a highly competitive industry with many competitors that were much larger.

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies

The company's Chairman and CEO, Michael A. Mussallem (Mussallem), and its Corporate Vice President, Human Resources, Robert C. Reindl (Reindl), saw a good correlation between its innovation and business performance and the company's its rich pool of talent.

While the talent management processes at Edwards started taking shape even before it was spun off in 2000, after obtaining its new identity, Mussallem and Reindl worked closely to put talent management up as a key priority on the company's agenda and wove it into the company's business strategy. The talent management initiatives at Edwards included a meticulous process to identify the company's mission critical jobs, talent acquisition, succession planning, training and development, and evaluation. The company also developed a unique culture that helped it realize its organizational objectives and promote a performance culture. Experts felt that the Edwards's talent management process had resulted in the company gaining a competitive advantage.

Issues:

To understand the issues and challenges in talent management.

To study the talent management processes of Edwards Lifesciences.

To understand how talent management helped foster innovation at Edwards Lifesciences.

To understand how effective talent management can lead to a competitive advantage.

Contents:

  Page No.
People-Powered Innovation and Growth 1
Background Note 2
Strategic Approach to Talent Management 3
Identifying Mission-Critical Jobs 4
Talent Acquisition 5
Succession Planning 6
Training and Development 7
Organizational Culture 8
Evaluation 10
Results 11
Looking Ahead 12
Exhibits 14

Key Words:

Talent management, Competitive advantage, Innovation , Creativity , Talent management process, Talent Acquisition , Talent Development, Credo , Mission-critical jobs, Organizational structure, Training and Development, performance management, Employee Engagement Index, Performance culture, Organizational culture, 'creative debate', 'Don't blame, learn'

People-Powered Innovation and Growth - Next Page>>

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies

 


Cases on Related Topics :- Pod Slurping: A New Dilemma for Organizations, Microsoft - Discrimination at the Workplace

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.