Discussion Questions 2 Coursework Example | Topics and Well Written Essays - 250 words

Discussion Questions 2 - Coursework Example Achieving of these targets and thus successful strategy creation can be done through utilizing a series of â€Å"hows† that enables the company to plan its business growth, to meet customers’ needs and to prepare to the changing market conditions. The process of strategy implementation includes managing of operations aimed to achieve organizational goals and objectives. This part of converting strategic views into the concrete actions requires managers to direct organizational actions, be able to motivate people in order to meet the performance targets. A strategy is a distinctive way that allows the company to understand where it wants to be from the current situation, how to manage future direction and how to get there. It is also about how the company would be set apart from the rivals, respond to the changing market conditions, manage business, improve the performance gaps in order to achieve its competitive edge. These are the main conditions and reasons for the businesses to develop a strategy and why it is so important. Once a strategy is developed, an organization in ready to make decisions and involve stakeholders for future performance. As business model represents an economic spectre of making money, a viable business model allows an organization to have a material profit from its products and services but it also gives consumers a benefit from using them. Under such conditions, each part of the business, its owners and stakeholders, are satisfied with the outcome, which is profit for the company and good service or product for the

Impact of training and development on employees performance in tesco Literature review

Impact of training and development on employees performance in tesco - Literature review Example The significance behind continued training of employees has become overarching drift of needs of the society and consequently calling for a continuation of training programs in the organizations. This is a vital concern for the sake, of sustainability of the organization in the global competitive market. As documented by Nixon (2004), human resource planning (HRP), is a core function in Human Resource Management (HRM) that determine the difference between success and failure in any organization. Consequently, the effectiveness of human resource planning is determined by the competency of placing the right people in positions that they fit most and in proper time. Failure of experts in human resource management to meet this objective creates a significant gap, called a training gap within the organization. In addition, this gap is a manifestation of the disparity between actual performances of employees to their anticipated performance and this gap can only be eliminated through incorporating programs of training and development in the firm (Nixon, 2004). It is therefore, prudent for any organization to appreciate the fact that training and development has a significant impact on employees such as managers, sales staff and customer service individuals. Consequently, the importance of undertaking programs of training to facilitate maximum returns from employees in investments. It is to the understanding of the management of organizations which are aspiring to gain a competitive edge, that the success of the business depends on the performance of the employees which is achieved through training and development (Conger & Rabindra, 2008). According to McDermott (2004), the duty of a company is to initiate a high model of commitment which avails the programs of training and development to employees of all hierarchy in the organization. The culture of an organization should