Since the 1920's, the New York Yankees have become the most successful sports franchise in history because of the way they manage their talent and their organization. So how do they do it? The Yankees' sustained success can be traced to 14 core management principles, applicable to any business operating today. These principles embrace cultivation of home-grown talent, creation of a culture that demands excellence, pursuit and introduction of the most talented players from outside the organization, promotion of a diversified workforce, and utilization of a productive farm system as currency in making talent deals.
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LANCE A. BERGER is a management consultant to Fortune 500 companies and has served as a consultant to Major League Baseball. He specializes in talent management, change management, and compensation. A former general partner for the largest compensation practice worldwide, the Hay Group, he is the author of The Talent Management Handbook, The Compensation Handbook, and The Change Management Handbook. He has been a featured speaker at the United Nations, The Conference Board, and the American Management Association. DOROTHY R. BERGER is a consultant in talent management. She co-edited The Talent Management Handbook, The Compensation Handbook, and The Change Management Handbook.
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