A geometrical approach to the modelling of talent markets: With special account to talent and organization development

Abstract

Purpose

The purpose of this paper is to provide a modeling of the interrelations in talent markets.

Design/methodology/approach

This paper uses the graphical presentation developed by J.E. Meade.

Findings

It is shown how the development of talent depends on demand and supply, on exchange relations, and on the demand and production structures of the households and enterprises. It is derived from the model that demand for “specific talents” that is typical of highly developed national economies and specialized enterprises can be served more cost effectively by enterprises than by the state and by the households.

Practical implications

This paper shows the influences and interrelations of changed framework conditions in regard to the development and provision of talents for enterprises.

Originality/value

The paper answers questions from entrepreneurial practice, especially for talent and organization management.

Citation

Warg, M. (2008), "A geometrical approach to the modelling of talent markets: With special account to talent and organization development", Journal of International Trade Law and Policy, Vol. 7 No. 2, pp. 171-185. https://doi.org/10.1108/14770020810927345