Janice McCormack, Professor at Harvard Business School, aptly describes top-notch talent today as someone 'having the vision of an architect, the theoretical mindset of a physicist, the attention to detail of an engineer and the financial acumen of an investment banker'.

Talent management is a method of identifying, guiding and nurturing untapped potential in employees by keeping "the end in mind": performance management, competency, leadership development, and succession planning.
Talent Management is the process of ensuring an organization's desires are mapped and aligned with an individual's desires to achieve the potential of both.
Talent management describes the process through which employers of all kinds of firms - private, government, non-profit organization - anticipate their human capital needs and set about meeting them. Getting the right people with the right skills into the right jobs, a common definition of talent management, is the basic people management challenge in organizations.
Effective Talent Management means constructing the processes and behaviors that bring together an organization's and individual's aspirations so that the potential of both is realized.
In short, it is "putting the right people in the right jobs".