Talent Development

Abstract

In today's dynamic business environment, innovation is arguably the most powerful tool of responsive organizations when it comes to sustaining an edge and searching for sustainable growth in the dynamic business environment. This chapter focuses on the critical importance of innovative behavior in businesses and highlights how talent development serves to foster such innovative behavior and translates to basic science innovation. Preliminary findings at the review of literature on the relationship between innovative behavior and talent development are discussed in this chapter relating to the consequent approaches to building an employee capable of innovation. It also underscores the vital role of psychological factors in talent development. The result emphasizes that talent development must be aligned as a strategic imperative for creating and sustaining innovation in organizations and not just as an enabling factor.