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Why mentoring matters in a hypercompetitive world

The article was published on the Harvard Business Review and delves into the importance of firms developing mentioning programs so as to deal with competition that is evident in an ever hypercompetitive world. In the modern world, businesses have become so competitive and thereby it is imperative to improve the competitive nature of businesses so as to create sustainability not only in the short-term but also in the long-term. The author uses the case study of a midsize Seattle-based consulting firm that is in trouble. The firm had experienced rapid growth for ten years; however, the growth rate had slowed down and this was a huge concern for the owners and employees. Some of the troubles that the company was facing include rising turnover of junior and associates.