The organization needs a pool of talent and must develop many employees with flexible job skills and competencies. A “pool” is a good description to the next generation of talented leadership because the term implies fluidity and responsiveness to the impact of force. The talent pool is considered a corporate resource and is not the property of individual organization units. This evolution from personnel planning to succession management has led to a model of generating pools of leadership talent within an organizational context of global competition, environmental turbulence, de-layered organizations, and new technologies.
Definition