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Fan Bao, Partners Chairman and CEO of China Renaissance said …… Fan Bao, Partners Chairman and CEO of China Renaissance said "You're not very competitive if you always rely on lateral hires in the market. You are competitive because you have your own ability to produce the fresh blood." what does "lateral hires"mean?
May 11, 2011 2:36 AM
Answers · 2
lateral = sideways In other words, hiring someone on the same level.
May 11, 2011
'lateral hire' refers here to the choice of hiring someone from another firm , at the same level as they were in their old firm. So he suggests that being competitive in the market requires bringing new people in the company,who have new ideas or new ways of doing things"fresh blood" not depending on seniors working in other higher positions in parallel companies " lateral hires" to promote the level of competitiveness.
May 11, 2011
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