Challenges Faced By Yahoo, Inc.

2126 Words9 Pages
Attracting and retaining top talent has never been more important than it is in the 21st century. Organizations across all industries every so often compete to hire and retain the scarce human capital, but a majority of employees tend to be more attracted to financially stable organizations (Abraham, 2012; Martocchio, J2015). This paper critically analyzes a significant challenge faced by Yahoo, Inc. in attracting and retaining top talent amidst dwindling financial performance. The manner in which the organization has addressed this challenge will be discussed including what the leaders could have done to avoid the challenge by addressing it more effectively. Finally, recommendations for future leaders on how to strategically plan so as to avoid the challenge within the organization will be offered. Organizational Information Yahoo Inc., usually referred to as Yahoo!, is an American-based multinational Internet corporation. It’s headquartered in Sunnyvale, California. Yahoo was founded by David Filo and Jerry Yang in 1994, and was primarily designed to operate in the domain of digital media. In fact, it became the leading online entity following the advent of World Wide Web (Yahoo! Inc. SWOT Analysis., 2012). Currently, Yahoo offers search engine (Yahoo Search) and Web portal or network of branded related services to millions of users daily. These services include Yahoo Finance, Yahoo Answers, Yahoo Groups, Yahoo Mail, Yahoo News, Yahoo Directory, online mapping, video

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