26 January 2024 / Accepted: 22 March 2024 / Published online: 1 April 2024 | Zidan Shan, Yaqi Wang
This research explores global talent development practices in the knowledge economy, aiming to understand how organizations align their strategies with the evolving demands of the dynamic business environment. The study draws on data from diverse industries and regions to provide a nuanced understanding of contextual factors shaping effective talent development. Key findings highlight regional variations in commitment to talent development, with Asia, the technology sector, and smaller organizations showing notable dedication. Employee satisfaction with training programs remains high, indicating the adaptability of talent development efforts. Emerging trends such as digital platforms, data-driven personalization, and collaborative learning networks offer promising avenues for enhancing effectiveness. The study emphasizes the importance of human capital investment, continuous learning, technological innovation, and networked collaboration. Managerial implications stress the need to prioritize talent development as a strategic investment, foster a culture of constant learning, integrate technological innovation, and promote networked collaboration. This research contributes to the existing body of knowledge by offering practical insights for organizations to optimize their talent development strategies in a rapidly evolving knowledge economy.This research explores global talent development practices in the knowledge economy, aiming to understand how organizations align their strategies with the evolving demands of the dynamic business environment. The study draws on data from diverse industries and regions to provide a nuanced understanding of contextual factors shaping effective talent development. Key findings highlight regional variations in commitment to talent development, with Asia, the technology sector, and smaller organizations showing notable dedication. Employee satisfaction with training programs remains high, indicating the adaptability of talent development efforts. Emerging trends such as digital platforms, data-driven personalization, and collaborative learning networks offer promising avenues for enhancing effectiveness. The study emphasizes the importance of human capital investment, continuous learning, technological innovation, and networked collaboration. Managerial implications stress the need to prioritize talent development as a strategic investment, foster a culture of constant learning, integrate technological innovation, and promote networked collaboration. This research contributes to the existing body of knowledge by offering practical insights for organizations to optimize their talent development strategies in a rapidly evolving knowledge economy.