Interorganizational talent pools in hospitality SMEs: A conceptual analysis of talent co-development through coopetition

Talent shortages continue to be one of the key challenges in the hospitality industry, particularly affecting small and medium-sized enterprises. To address this, innovative talent management approaches are needed for small and medium-sized enterprises who have fewer resources compared to larger organizations. Adopting a coopetition lens, this conceptual chapter explores how talent development within interorganizational talent pools can be utilized to tackle these ongoing challenges. It emphasizes the importance of jointly planned and implemented talent development practices, like training, in retaining skilled employees in the hospitality industry. The chapter highlights the inherent complexities in coopetition efforts and concludes with a call for future research.