Edwards Lifesciences' Talent Management Practices: Creating a Competitive Advantage

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To create a depth of talent in the organization, training and development played a big role. Mussallem had selected Reindl as the HR chief as he felt that a person with a background in Training and Development would be better suited for that role...

According to Mussallem, the company's culture played a key role in its success. Edwards had consciously developed a unique organizational culture. While it carried over various good aspects of the Baxter culture, it also developed certain aspects of its own. Mussallem recognized that to achieve its credo, employees needed to be more risk-taking... Evaluation The company had set certain benchmarks which fell under two categories -companywide aspirations and performance management objectives...

While it was difficult to draw a direct correlation between the talent management process in a company and its performance, experts felt that research in the past had suggested that such strategic approaches to talent management helped companies' financial performance...

As Edwards's revenues and stock prices grew and it continued to come out with innovative products, it attracted the attention of more and more analysts...

Exhibit I: Edwards Lifesciences' Key Financials: 2006-2008
Exhibit II: Edwards Lifesciences' Credo
Exhibit III: Edwards Lifesciences Ten-year Stock Chart
Exhibit IV: Some Awards and Recognition for Edwards Lifesciences

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