Recent case study at the Economist is discussing the way that many staffing companies are moving into executive coaching and training in order to continue growth patterns despite lack of increase in hiring.
Gary Burnison, Korn Ferry’s boss, says he sees his firm as a McKinsey for “talent strategy”, combining traditional headhunting with such things as coaching managers, succession planning, and analysing and improving corporate culture. Korn Ferry now gets just over half of its revenues from executive search, down from 90% a decade ago.
The Small Business Administration is launching a national campaign to promote entrepreneurship education among young men of color, the agency said Friday. The program is part of a public-private initiative titled “My Brother’s Keeper,” which President Obama announced last year to address the social and academic challenges faced by black and Latino boys. It comes as the administration is working to spur entrepreneurship to add jobs; nationwide 15 percent of businesses are started by non-white people, according to a 2012 analysis. The SBA said Latinos in particular are starting businesses at three times the national average, accounting for 3 million companies.
