There are four levers we can use to build a great team. Sometimes we need to hire new talent. Sometimes we need to fire because we have the wrong talent. Sometimes we need to coach people to awaken talent. And sometimes we need to change the entire structure of the team because the right people can’t apply their talents; they are in the wrong jobs or the jobs and environment have changed.
None of these levers is better than the other. But we usually default to just one when the team isn’t working well. The trick is to use all four and balance them.
In your corner,
PS: Let’s think of talent in the broadest definition here. It includes (ranked from most important to least) attitude, intra- and interpersonal strengths, experience, and technical skills.