Training and Development Coursework Example | Topics and Well Written Essays - 750 words

Training and Development - Coursework Example Knowledgeable and skilled workers are an asset to any organization. They create invaluable competitive advantage since they ensure that their employers can achieve their goals and objectives faster and more effectively than their rivals. Competitive advantage is inspired by a number of organizational processes, and adequate and effective training is one of them. Others like effective financial management and strategic planning are also part of the whole, but training is the most important. In the 21st century business environment, employee training is a weapon that is used to outmuscle and dominate rivals in any industry (Tarique, 2014). It is a crucial component of corporate strategic management because it allows its exponents to compete on a higher level than others. In-house training is particularly important because apart from equipping workers with the latest skills and knowledge in their areas of specialization, it acquaints them with the DNA of their organization. This instills in them an appreciation of their work and then enables them to exploit their skills to demonstrate this appreciation. Apart from competing with other firms, the organization needs to meet its own needs first. There is no point in challenging perceived rivals when it cannot even achieve its own goals. Training and development will allow the organization to attain internal goals and objectives and to operate optimally (Peters & Carr, 2013). This will then provide it with a firm foundation from which it can then launch assaults against its competitors. The 21st century business arena demands that all business operations be executed in the most efficient and affordable manner. This cannot be achieved with ill-equipped and misinformed employees. Training and development put employees in a constant standby mode, ready to execute tasks in the least time possible and at the least expense to their employers. Ongoing