Indeed, talent-intensive businesses have a particular interest in maintaining high ethical standards.
The deepest such change is the rise of intangible but talent-intensive assets.
For the evidence is that the talent shortage is likely to get worse.Nobody really disputes the idea that the demand for talent-intensive skills is rising.
Until recently, the ratio for most Wall Street banks hovered around 60 cents of every dollar, in line with other labor- and talent-intensive industries like retailing and health care.
Whereas in manufacturing industries a decline in such standards is often slow, in talent-intensive ones it can be terrifyingly sudden, as Arthur Andersen and Enron found to their cost.All the same, structural changes are making talent ever more important.
It's not that every employer will follow the professional sports model, engaging in a labor intensive search for talent and working to develop that talent at great expense.
"We are adding a lot of intensive manpower and talent to fix the problems of the past," Jamie Dimon, JPMorgan's chairman and chief executive, said on a conference call with reporters.
Female athletes like Serena Williams, Lolo Jones, Kerri Walsh, Allyson Felix and Hope Solo deserve to be respected for their talent and the years of intensive training they've put into honing it.
