December 2, 2021. Shanghai – New alliances, a future orientation, passion and effective organisational planning are needed to develop talents capable of powering competitive organisations.

These were just some of the insights provided by CEIBS faculty during the opening session of the 2021 Pudong International Talent Hub Forum held today.

The event, organised by the Pudong government and Korn Ferry and supported by CEIBS, brought together experts, scholars, and business leaders from leading global companies to exchange views on talent strategies and offer insights on how to build a globally competitive talent ecosystem in Shanghai’s Pudong district.

Speaking during the event, CEIBS President Wang Hong put forward three suggestions for talent introduction and cultivation for the Shanghai Pudong International Talent Hub; namely, the need to introduce world-renowned top human resource services institutions, develop organisational alliances and themed forums, and deepen cooperation with innovative services organisations.

She further stressed that the hub should help Pudong become not only a “magnet” for top-notch global talent, but also a “cradle” to both bring in and export talent and help them go global.

“The Shanghai Pudong International Talent Hub aspires to cultivate and attract talent with global vision to contribute to Pudong’s six major industries, including chip-making, artificial intelligence and big data,” she said.

Also addressing the forum, CEIBS Professor of Entrepreneurial Management Practice Gong Yan noted that talent is a key factor, and the development of any organisation is often limited by the cognitive ability of its people.

In today’s era of knowledge explosion, he added, organisations and individuals must recognise the underlying power driving the progress of the times and establish a future-oriented ideology.

Speaking via video link from Beijing, CEIBS Professor of Management Han Jian also shared how companies can build talent systems. Prof. Han also said that she believes that human resources management is a gradual process in which organisational planning, workflow design, and key performance indicators all take time to accumulate.

“If an organisation lacks patience and pursues its management style blindly, it will neglect the challenges it faces and leave many problems unaddressed,” she said, adding that it is important for organisations to have realistic expectations.

Later, CEIBS Professor of Management Katherine Xin told the forum audience that the relationship between employers and talented personnel has shifted significantly due to drastic transformations in the internet industry. As such, she added, super teams with strong organisational abilities and great passion will become the competitive ones in organisations in the future.

CEIBS Professor of Management Practice Sophie Chen then featured in a roundtable on the topic of talent development strategies. During the discussion, Prof. Chen stressed that the vitality of talent and a prompt response to the market play crucial roles in building a successful organisation.

“An empowered organisation should have a shared vision and greater capacities in strategic decision-making,” she said.