Falling stars: Simulation of the effect of firm culture on employee performance

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Abstract

Many modern firms follow the strategy of recruiting talented employees from outside the firm in the hope of improving firm performance. This strategy is not confined to business alone, but can be found in such industries as sports, the arts and higher education. In order to gain a deeper insight into when this strategy would be successful, we designed an agent based model, featuring competition amongst firms requiring expertise along one or more dimensions. Firms can meet these expertise requirements through the formation of networks within the firm. These networks may make the recruitment of a star less successful than it might appear, as shown by Groysberg in a recent book on financial analysts.
Original languageEnglish
Title of host publicationProceedings of the 12th International Conference on Modeling and Applied Simulation
Subtitle of host publicationMAS 2013
EditorsMichael Affenzeller, Agostino G. Bruzzone, Fabio De Felice, David Del Rio Vilas, Claudia Frydman, Marina Massei, Yuri Merkuryev
Place of PublicationItaly
PublisherCAL-TEK S.r.l.
Pages18-22
Number of pages5
ISBN (Print)9781629934907
Publication statusPublished - 2013
Event12th International Conference on Modeling and Applied Simulation: MAS 2013 - Royal Olympic Hotel, Athens, Greece
Duration: 25 Sep 201327 Sep 2013
http://www.msc-les.org/conf/mas2013/ (Conference website)

Conference

Conference12th International Conference on Modeling and Applied Simulation
CountryGreece
CityAthens
Period25/09/1327/09/13
Internet address

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