| 英文摘要 |
This study extends the findings of Chen and Su (2019) by focusing on industrial policies for sustainable management over the corporate life cycle, offering key insights into human resource strategies in industrial economics and providing valuable guidance for government planners. The study highlights the benefits of recruiting a team of less efficient managers over recruiting a single manager. The key findings include the following: (1) A team of n managers with a collective talent level of 1 is more effective than a single manager with a talent level of n. (2) A“rapid deployment system”in which new managers are recruited externally when current managers cease to add value to their companies outperforms a“talent pipeline system”when the talent pipeline lacks a learning effect and talent differences. (3) Companies using a talent pipeline system with strong on-the-job training achieve greater profitability than do those using a rapid deployment system. (4) A company’s initial investments in its managers, the time before these managers’human capital is depleted, and profitability when this depletion occurs are critical factors driving growth, with delayed depletion periods correlating with greater profits throughout the corporate life cycle. |