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Why HR leaders are as important as CEOs

Why should organizations aim to be talent-driven? “People compete, numbers don’t," says top leadership consultant Ram Charan. His new book, Talent Wins (co-authored with Dominic Barton and Dennis Carey), is a playbook that can lift companies out of outdated, 20th thinking. "Today, and in the past, most companies are paying too much attention to finance, numbers, money; but they forget it’s people who conceive strategy, who execute, who deliver numbers," says Charan. Here he introduces the G3 concept, which turns conventional thinking and business planning on its head. Charan argues that Chief Human Resources Officer (CHRO) should have equal power to the CFO and CEO, and that this team of three should allocate capital and assign talent at the same time—two processes that are usually kept in separate silos.

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