Explain the importance of training and development.

What will be an ideal response?


Today's competitive environment requires managers to upgrade the skills and performance of employees-and themselves. Continual improvement increases both personal and organizational effectiveness. It makes organization members more useful in their current job and prepares them for new responsibilities. And it helps the entire organization handle new challenges and take advantage of new methods and technologies. These training and development activities are supported by appraising employees' performance and giving them effective feedback. Companies invest in training to enhance individual performance and organizational productivity. Orientation training familiarizes new employees with their jobs, work units, and the organization in general. Done well, orientation training can increase morale and productivity and can lower employee turnover and the costs of recruiting and training. Team training teaches employees the skills they need to work together and helps them interact. Diversity training focuses on building awareness of diversity issues and providing the skills employees need to work with others who are different from them.

Business

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Answer the following statement(s) true (T) or false (F)

1. Challenging jobs with complex tasks, high levels of autonomy, skill variety, significance, and feedback are associated higher levels of creativity. 2. Extrinsically creative jobs are those in which there is a measure of worker control and freedom is deciding what work to do and how to do it. 3. Cultural artifacts are important in communicating and reinforcing a culture of innovation. 4. Symbols and cultural artifacts shape the attitudes and behavior of new but not veteran employees. 5. Enhancing your personal creativity includes “entertaining your intuition.”

Business

What are “acquisition, renewal, and upgrade?”

a. Legal responsibilities of governing boards b. Characteristics of successful fundraising professionals c. Criteria for identifying qualified donor prospects d. Standards for selecting a fundraising information system e. Objectives in an annual-giving program

Business

The management of International Cookwares believes that delivery performance measures must be improved if the company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders.•Process time: 4 days •Wait time to the start of production: 15 days •Move time: 3 days •Inspection time: 2 days •Queue time during the production process: 8 days What is the manufacturing cycle efficiency?

A. 23.5% B. 87.5% C. 12.5% D. 76.4%

Business

Long-term Equity AnticiPation Securities (LEAPS) are a form of option that gives the holder the right to buy newly issued shares of stock directly from the issuing corporation

Indicate whether the statement is true or false.

Business