How did Palm do it? They went out and recruited the people that they needed. And did they simply post a couple of ads and hope the right people responded to them?
No - Palm went out and aggressively recruited the talent that they wanted and needed from their competitors.
Kumparak writes:
"In early June 2007, Palm was teetering on the edge of obscurity. Their flagship Treo product line had gone stale, numbers were down across the board, and rumors of a sale were abound. On June 4th, 2007 it was announced that Elevation Partners had purchased a 25% equity stake of Palm for $325 million. Flash forward to today; just two years later (almost to the day), Palm has launched the Pre, a phone which managed to nab the attention of just about every blog and blog reader out there.
So what changed? What had that new-found $325 million bought them? Talent. Lots and lots of talent - from their competitors, no less. With a good amount of lucky timing and some decent salary proposals, Palm managed to snatch up at least 8 people who were just oh-so-damn good at what they do, ending up with the Palm Pre and webOS as a result."
The moral of the story....if you want to build a quality organization....if you want to make products that people want to buy....you can't just passively sit back and wait for talented people to beat a path to your doorstep. You have to go out and find them!!!
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