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Monday, March 29, 2010

Talent Management and March Madness

Millions of Americans are in the final stages of watching the NCAA College Basketball Tournament at present – the so called ‘March Madness’. This year, the Final Four includes a number of surprise teams from the original cast of 65. 

There are some broader lessons about talent management in the results so far. For the most part, the teams that have made it to the Final Four or who exceeded expectations earlier in the tournament have top scorers who are more experienced players. 

Take a look at the Final Four. The top three scorers for both Duke and Michigan State are two juniors and a senior. For West Virginia University, it’s a senior and two sophomores. For Butler, it’s a junior and two sophomores. When you look at the stats for the two big ‘Cinderella’s of the tournament, Cornell and Northern Iowa, there are five seniors and one junior making up the top trios of those teams. In contrast, number one overall seed, Kentucky’s top three was made up of two freshmen and a junior. 

The point here is that great teams need time and experience to gel. So, with that in mind, here’s a quick list of talent management lessons that can help keep your team from being “one and done.”

Recruit for the long run:
Do your best to keep your recruiting pipeline active and full of players who bring talent and the capacity for longer term growth.

Build teams, not just stars: It’s great to have some superstars on your team, but they’re going to be even more effective when integrated into a system focused on smooth handoffs and high production.

Keep teaching: Raw talent is just that. Raw. The best teams are those that get consistent coaching and teaching over a longer run period so that skills are refined and taken to the next level.

Coach for resilience: The best teams exhibit grace under pressure and have the resilience to bounce back from deficits. Good coaches nurture that quality by running drills on high pressure situations (think of the need for a game winning inbound pass with 1.8 seconds left) and by reminding experienced teams that they’ve been there before.

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