The good news is that most companies are facing the challenge with a pretty clean slate: Little in the way of talent management is actually going on in them. It's time for a fundamentally new approach to talent management.Fortunately, companies already have such a model, one that has been well honed over decades. Service: Understanding the customer or stakeholder needs in the 21st Century is critical to understanding how to realign the organizational model. In this chapter, we review the historical context of talent management, and identify the key issues and debates likely to shape the field going forward. This proposal will synchronize the processes for both small businesses and the. Federal agencies that want to contract with them. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. The context is one of recurring social and political tensions in recent decades (the. Talent management has since developed into the most important term in the field of human resources of the early twenty-first century.