Losing talent to competition is universally regarded as one of the greatest misfortunes a company can suffer from.  However, the problem with universally accepted truths is that they sometimes aren’t so universal.

Is it possible at all to consider talent migration beneficial? If so, how to take advantage of this?

Check out: Is Losing Talent Always Bad?

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Glossary

• consistent – unchanging in achievement or effect over a period of time
• espionage – the practice of spying or of using spies, typically by governments to obtain political and military information
• turnover – the rate at which employees leave a workforce and are replaced
• befriend – act as a friend to (someone) by offering help or support
• infusion – the introduction of a new element or quality into something 

Think about it 

Answer the questions below.

• What does conventional wisdom say about losing talent?
• What provides fashion designers who left a fashion house with a lot of creative input for their future collections?
• How are communication bridges different from industrial espionage?
• What happens when a designer leaves Prada to work elsewhere?
• What can non-fashion companies learn form Prada?

Practice makes perfect

Fill in the blank spaces with the missing articles if necessary. 

______ C/conventional wisdom might say that the recent departure of Marc Jacobs from Louis Vuitton is ______ terrible news for the company.  But if you look ______ little more closely at ______ fashion industry you’ll find that turning over your talent isn’t always ______ bad thing.

Prada is ______ case in point.  Between 2000 and 2010 Prada lost a lot of designers to ______ competing fashion houses, yet its fashion collections were consistently rated as much more creative than ______ average.

Fill in the blank spaces. You can only use ONE word in each gap.

The phenomenon is not confined ________ fashion. McKinsey consultants famously stay in ________ with former colleagues, who ________ left to to work for other firms, most of ________ are potential customers. The ________ thing happens in Silicon Valley where people change jobs across customers and competitors. To be sure, we are ________ talking about industrial espionage here. The positive effects of communication bridges on creativity come ________ friends catching ________ with friends in very general terms about what is going on in their professional lives.

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