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- W4250930607 abstract "Abstract Executive search, also known as headhunting , is today a very sophisticated worldwide, multimillion US dollar industry. The industry's roots can be found in the United States' proliferating management consultancy business from the early 1950s onwards in cities like Chicago, Los Angeles, and New York (Hall et al. 2009). Early entrants into headhunting were US firms like Heidrick & Struggles (established 1953), Spencer Stuart (1965), Russell Reynolds (1969), and Korn/Ferry (1969). In Europe, the industry quickly mimicked its US counterparts with the establishment of firms like Egon Zehnder in Zurich (1964) and Alexander Hughes in London (1965) (Jenn 2005). By the start of the twenty‐first century, the industry was dominated by 20 or so transnational corporations (TNCs), of mainly US and European nationality, who compete in global‐local markets with literally thousands of small‐ and medium‐sized enterprises (SMEs). These TNCs, like Korn/Ferry, Heidrick & Struggles, Russell Reynolds, Egon Zehnder, Alexander Hughes, IIC Partners, and Odgers Berndtson, have multi‐million US dollar fee incomes, employ hundreds of highly qualified search consultants and researchers, are retained for business by many of the 15 000 or more TNCs operating in other primary, manufacturing, and service sectors as well as by governments, and have extensive international office networks in world and capital cities (Table 1). The large executive search firms are, thus, agents responsible for facilitating the mobility of key, elite labor between firms and other organizations, whether within local labor markets or in cross‐border search and selection between nation‐states. In terms of the magnitude of elite labor search and selection, the financial services industry is by far the most prevalent sector for the headhunting industry, followed very closely by technology, R&D, manufacturing, retail, and government (Jenn 2005). But, as noted above, executive search firms are active in all segments of the economy, from mining to universities, car manufacturing to IT." @default.
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- W4250930607 date "2012-02-29" @default.
- W4250930607 modified "2023-09-26" @default.
- W4250930607 title "Executive Search" @default.
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- W4250930607 doi "https://doi.org/10.1002/9780470670590.wbeog191" @default.
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