Question

In: Operations Management

Nowadays, many firms have become or more striving to become learning organizations.Discuss why firms recognize this...

Nowadays, many firms have become or more striving to become learning organizations.Discuss why firms recognize this practice is important for continuous performance-related training and development programs.

Provide detailed explanation.

Solutions

Expert Solution

Q. Nowadays, many firms have become or more striving to become learning organizations. Discuss why firms recognize this practice is important for continuous performance-related training and development programs.

Provide detailed explanation.

Ans.- The term “learning organizations” was coined by Chris Argyris and popularized by Peter Senge who wrote a book on this subject called, "The Fifth Discipline." In simple words, learning organizations refers to a company that continuously changes itself and promotes the learning/training and development of its employees as per the need of the hour. A learning organization focuses on three key fronts i.e., knowledge creation through its business operations and experiences, retention of that knowledge in the organization and finally ensures the transfer of that knowledge among its employees. The promotion of learning culture in the organization is always beneficial for both the employees as well as the organization as this helps to combat the tough market competition and successfully sail through the strong wind of continuous market and technological changes.

Now coming to the second part of the question that why firms recognize this practice is important for continuous performance-related training and development programs? The arguments in favor of having a learning culture in the organization can be listed as follows-

· The promotion of organizational learning culture increases the productivity, efficiency of the employees which directly contributes to the exchequer of the organization.

· The employees of a learning organization are very much updated from the market trends which help them to change themselves accordingly and having an updated and flexible workforce is always advantageous for any organization.

· The culture of learning in the organization helps to create more responsible, knowledgeable, and confidant employees who possess tremendous leadership skills. This helps them in giving their best performance continuously in the organization which increases the job satisfaction of the employees and consequently decreases the turnover rate. All of these things, because of the learning culture, save a huge sum of money for the organization.

· An organization becomes more flexible/ready to react to the quick changes happening in the market through the promotion of organizational learning. It helps an organization and its employees to embrace the changes happening outside and utilize the opportunities offered by it.

These are some of the reasons why organizations are focussing on the organizational learning culture.

.

.

.

P.S. - if you liked the answer please give an Up-vote, this will be quite encouraging for me, thank you! :)


Related Solutions

Many firms have devised defenses that make it more difficult or costly for other firms to...
Many firms have devised defenses that make it more difficult or costly for other firms to take them over. How might such defenses affect the firm’s agency problems? Are managers of firms with formidable takeover defenses more or less likely to act in the shareholders’ interests rather than their own? What would you expect to happen to the share price when management proposes to institute such defenses?
LASIK procedures have become more accessible and much more common in recent years. Many patients are...
LASIK procedures have become more accessible and much more common in recent years. Many patients are attracted to the idea of LASIK, as it can eliminate the need for glasses or contact lenses. Research LASIK and the associated risks and benefits. For your original post, choose one of the vision problems that can be corrected by LASIK. Discuss how this problem affects the physiology vision and how LASIK can be used to correct this problem.
a) Why firms and industries should become more efficient in using natural resources? B) What ethical...
a) Why firms and industries should become more efficient in using natural resources? B) What ethical responsability does businesses have to the enviroment? should it be universal or each country should have its own way to implement it individually?
why have economic analyses of clinical and administrative innovations become more important?
why have economic analyses of clinical and administrative innovations become more important?
COURSE: IT Decision Support Systems Explain why has information visualization nowadays become a key element in...
COURSE: IT Decision Support Systems Explain why has information visualization nowadays become a key element in business intelligence and business analytics. What is the difference between information visualization and visual analytics?
COURSE: IT Decision Support Systems Explain why has information visualization nowadays become a key element in...
COURSE: IT Decision Support Systems Explain why has information visualization nowadays become a key element in business intelligence and business analytics. What is the difference between information visualization and visual analytics?
Explain why has information visualization nowadays become a key element in business intelligence and business analytics....
Explain why has information visualization nowadays become a key element in business intelligence and business analytics. What is the difference between information visualization and visual analytics?
Why would firms have two (or more) classes of common stock?
Why would firms have two (or more) classes of common stock?
Is forecasting more important for small firms or large firms? Why?
Is forecasting more important for small firms or large firms? Why?
Firms that buy inputs from suppliers have more bargaining power when: A. there are many other...
Firms that buy inputs from suppliers have more bargaining power when: A. there are many other buyers in the market B. they purchase a relatively small quantity of product C. the costs of switching suppliers are low D. the suppliers sell highly differentiated products If a firm successfully differentiates its product from other products in the market, then we should expect the elasticity of demand for the differentiated product to become: A. We do not have enough information to answer...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT