The chapter offers a novel perspective on internal and external labor markets (within and outside organizations), exploring factors that influence talent flow in a fragmented, dynamic and global employment environment. Paradoxes are presented and discussed, such as the co-existence of stable and dynamic labor markets or the existence of different ‘rules of the game’ for different segments of markets. I discuss the different meaning that the term ‘employability’ may have for individuals, for organizations, and for nations in a competitive business environment. Through the lenses of contemporary career theories, I offer a comprehensive view that covers several theoretical perspectives, including human capital theory, psychological-contract and contemporary career ideas. The concept of the ecosystem as a framework is introduced, alongside human capital theory, depicting the relevance and importance of considering labor markets as ecosystems for understanding and managing careers at the organizational and national level. Lessons are drawn for individuals employed in different professions, sectors and geographies. Practical implications are presented for people management, with a realistic career preview for individuals and for organizational and national decision makers.
This chapter presents academic careers and their development in the field of management education in Western and OECD societies. It delineates the changing nature of these careers from the theoretical perspectives of Bourdieu’s theory of practice, the boundaryless career and careers ecosystem. The success of universities and higher education at a national level depends on people and their management, thus it is important to understand the careers of the people within this sector and examine the differences across models, in particular bearing in mind the dominance of the Anglo-Saxon model. The chapter explores the academic career path and related challenges, acknowledging that the academic labour market and career system are developing in line with contemporary career theories. These were initiated mostly in Western academia, not always readily fit for other contexts.
Our role as academic scholars is to generate (and disseminate) new knowledge. Academic knowledge is considered new if it is published in an academic outlet. As a rule of thumb, the more prestigious the outlet, the more acclaimed the scholar and contribution. Publish or perish is thus a cliché based on the true nature of academic work and careers, and scholars aim to publish their work in the best possible outlet. When scholars write papers, they need to decide on their target journal. Two questions then arise: which journal to target, and how to maximize the prospects of publications in the chosen journal.