Continous Improvement
Creation of a learning culture through out the economy is seen as essential for economic growth and to keep up with the changing needs. Firms need to become learning organization that have the capacity to continually learn from their experiences and to translate that knowledge into improved performance and competitive advantage. Competitiveness in the global economy requires industry specific skills in addition to innovation and entrepreneurship skills. Studies have found out skill shortages in areas like design, material management, technology management etc. Apart from these hard skills, deficiencies have also been identified in soft skills like people management and basic management skills at management and supervisory level. Knowledge, the ability to learn, to change and to innovate in this new market place, will be accepted as the more relevant criteria for selecting managers than gender, ethnicity or even prior experience. Under such a scenario, the “learning organization “ will be the standard philosophy for many enterprises and the major way they cope with change and turbulence. Success, in today’s environment can be achieved only through the continou
Human capital and skills are becoming increasingly important in a knowledge-based economy with technology and resources becoming more and more mobile. The skills and abilities of managers are vital to achieve a comparative advantage while competing in a highly competitive environment. Training practicing managers is one way of improving the efficiency and productivity of firms and realizing their full potential. Innovation, competitiveness, workplace change and flexibility, customer orientation and quality initiatives are identified as drivers of training and learning culture fuelled by globalization. In order to sufficiently train managers, companies need to individualize training, give managers more control over their learning process and provide ongoing, on the job support. Training should be focused on the developmental needs of the individual through assessments. It is important for facilitators and instructors of adults in learning situations to both recognize and use the knowledge and experience of the group in the learning process. Effective learning is linked to the adult learner’s past experience, and the new information builds on the pedestal of previous knowledge. In addition to the recognition of past experiences and learning, emphasis should also be laid on program flexibility, effective group discussions, and relevance of the context to facilitate effective learning. The need of the hour is to strengthen the training culture and link it to other key drivers of growth, most importantly innovation. A highly trained workforce supports and drives innovation. Equally, a country with an industry base progressing up the value chain and consolidating its links with the service sector will also drive change in the education and training systems with an emphasis on skill formation. Managers will have to
Some topics in this essay:
Growth Creation,
continous improvement,
soft skills,
competitive advantage,
management skills,
training culture,
management continous improvement,
hard skills,
quality management,
skills include,
management continous,
learning process,
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Approximate Word count = 1231
Approximate Pages = 5 (250 words per page double spaced)
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