Chapter 2 Flashcards
It is a plan that
integrates the company’s goals, policies,
and actions.
Business strategy
The business strategy influences how the company
will use such ?
physical capital, financial capital, and human
capital.
It is all about what the company hopes to
achieve in the medium- and long-term
future.
Goals
Strategy has a particularly strong
influence on determining:
The amount of training devoted to current or
future job skills.
The extent to which training is customized for
the particular needs of an employee or is
developed based on the needs of a team,
unit, or division.
Whether training is restricted to specific
groups of employees or open to all
employees.
It is the acquisition of knowledge
by individual employees or groups of
employees who are willing to apply that
knowledge in their jobs in making
decisions and accomplishing tasks for the
company.
Learning
It is what individuals or teams
of employees know as well as company
rules, processes, tools, and routines.
Knowledge
knowledge that
can be formalized, codified, and
communicated.
Explicit Knowledge
personal knowledge
based on individual experience that is
difficult to explain to others.
Tacit Knowledge
the company’s reason for existing.
Mission
the picture of the future that the
company wants to achieve.
Vision
what the company stands for.
Values
It is an analysis of the company’s
operating environment to identify opportunities
and threats as well as an internal analysis of the
company’s strengths and weaknesses.
The company has to consider its competition.
SWOT analysis
learning-related actions that
a company should take to help it achieve
its business strategy.
Strategic training and development
initiatives
Metrics are used to identify:
-trainees’ satisfaction with the training
program.
-whether the trainees’ knowledge, skill, ability,
or attitudes changed as a result of program
participation.
-whether the program resulted in business-related outcomes for the company.
It means of
performance measurement that provides managers with a chance to look at the
overall company performance or the performance of departments or functions
Balance Scorecard
What four perspective does the balance scorecard considers?
customer,
internal, innovation and learning, and
financial.
Who is responsible for vision, and being a
sponsor governor, faculty, learner, and
marketing agent?
CEO
What Organizational Characteristics
That Influence Training?
-Top management support
-The degree to which a company’s units or
businesses are integrated affects the kind
of training that takes place.
-Global presence.
-Business conditions.
Which management activities
related to investments, staffing
performance management, training, and
compensation and benefits?
Human Resources Management practices
the company’s
decisions regarding where to find employees, how to select them, and the
desired mix of employee skills and statuses.
Staffing Strategy
identification, analysis, forecasting, and
planning of changes needed in the human
resource area to help the company meet
changing business conditions.
Human Resource Planning
Organizational Characteristics
That Influence Training
Staff involvement in training and
development
If line managers are aware of what
development activity can achieve, they will be
more willing to become involved in it.
They will also become more involved in the training
process if they are rewarded for participating.
An emerging trend is that companies expect
employees to initiate the training process.
training and
development programs, resources, and
professionals are primarily housed in one
location and decisions about training
investment, programs, and delivery
methods are made from that department.
Centralized Training
It helps companies better integrate programs for developing leaders and
managing talent with training and learning during times of change.
Centralized Training
