Something I recently read reminded me that art sometimes imitates life. Josh Millett had some interesting observations about the movie Moneyball, which is about Oakland A’s General Manager, Billy Beane and how he transformed the way he drafted and evaluated baseball players for the team. Beane developed and used statistical analysis in the player selection process and over time was successful in competing against teams (like the Yankees) who had much bigger budgets to acquire talented players for their teams.
The lessons learned here extend well beyond baseball. What did Billy Beane really do? He identified objective, quantifiable ways to measure player potential that turned out to be more accurate predictors of on-field success. That is exactly what pre-interview candidate screening and testing can do to help business owners/managers put the right people in the right positions on their “teams.” The importance of talent acquisition and management cannot be overstated…it is essential for business success in this highly competitive economic environment.