In the Economist's article "The alphabet of success", it points out the strong connection between some of the world's greatest companies, think GE, Intel, BMW, and Apple, and the value they place on their people. These companies are heavily investing in people development and not just focusing on those leaders at the very top, but also the front-line managers whose fingers are on the pulse of the company.
"Great companies have distinctive cultures and traditions that are all their own and inhabit well-defined market niches. But they also share a set of common characteristics. The first is an obsession with talent."
Does your company obsess over its talent?