The nature of a business and the environment in which it operates has a bearing on the strategies used for talent management.

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The nature of a business and the environment in which it operates impacts various aspects of talent management, including recruitment, retention, training and development, and succession planning. For instance, a company operating in a highly competitive industry may need to adopt different strategies to attract and retain top talent than a firm operating in a stable or niche market. Similarly, a company with a diverse workforce may need to implement inclusive talent management practices to ensure that all employees feel valued and supported. Therefore, talent management strategies must be customized to fit the specific needs and context of a particular organization.

The Nature of a Business and the Environment in Which