Discussion Board with two replies

DQ3

by Isel Castillo - Friday, 4 February 2022, 8:36 PM

 

       

What are the top-ranked factors contributing to acquisition success? According to well-

known surveys and reports. 

        There are two top-ranked factors that I would like to pinpoint that strengthen acquisition to success: trust among parties and key talent. When two parties have trust among each other, it is easier to work in unison and to know that each party will contribute to the success of the company and not only for their own gain knowing that if the company succeeds it is because of their work as a team and not the individual. It is important for employees to have integrity this way; they are trusted to do what is right and can communicate issues to the company to prevent mistakes for the whole company. They ought to be honest and have integrity to care for what matters most to the company. This way both parties can work comfortably and towards the same goal (Dahiya & Rath, 2021). 

             Key talent also leads a company towards success when skilled employees are retained. Studies in the US and the UK indicate that human resources practices and talent management have a positive impact on labor turnover, financial performance trust, productivity, commitment, job satisfaction, product and service quality, and organization business performance. When managers are able to observe and distinguish employees who have particular skills, they know that the company is able to maintain its competitiveness and organizational performance which then expands to career management, leadership development, performance management, training/mentoring, and talent acquisition (Rogers, 2020). 

Dahiya, S., & Rath, R. (2021). Talent Management and Its Impact on Organizational Commitment and Turnover Intention: A                Literature Review. IUP Journal of Organizational Behavior, 20(4), 22–39.

Rogers, C. (2020). Retention : Key Mindsets That Retain Top Talent. HigherLife Publishing.