Edwards Lifesciences' Talent Management Practices: Creating a Competitive Advantage


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Case Details:
Case Code : HROB126
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

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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.

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Excerpts Contd...

Training and Development

To create a depth of talent in the organization, training and development played a big role. Mussallem had selected Reindl as the HR chief as he felt that a person with a background in Training and Development would be better suited for that role...

Organizational Culture

According to Mussallem, the company's culture played a key role in its success. Edwards had consciously developed a unique organizational culture. While it carried over various good aspects of the Baxter culture, it also developed certain aspects of its own. Mussallem recognized that to achieve its credo, employees needed to be more risk-taking...

Evaluation

The company had set certain benchmarks which fell under two categories -companywide aspirations and performance management objectives...

Results

While it was difficult to draw a direct correlation between the talent management process in a company and its performance, experts felt that research in the past had suggested that such strategic approaches to talent management helped companies' financial performance...

Looking Ahead

As Edwards's revenues and stock prices grew and it continued to come out with innovative products, it attracted the attention of more and more analysts...

Exhibits

Exhibit I: Edwards Lifesciences' Key Financials: 2006-2008
Exhibit II: Edwards Lifesciences' Credo
Exhibit III: Edwards Lifesciences Ten-year Stock Chart
Exhibit IV: Some Awards and Recognition for Edwards Lifesciences


  

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