“The Rise (and Likely Fall) of the Talent Economy”

The U.S. economy has gone through a fundamental shift: Most of America’s biggest companies now make profits from managing talent rather than from exploiting natural resources.

That’s a dramatic change in a relatively short period of time. As Roger L. Martin, former dean of the Rotman School of Management at the University of Toronto, explains in “The Rise (and Likely Fall) of the Talent Economy,” in the October 2014 Harvard Business Review, natural resources were the most valuable assets a century ago. For example, Standard Oi.....