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An explanation of how training contributes to the achievement of business objectives?
In order for the organisation to benefit from successful training, there must be a planned and systematic approach to effect management of training. R Harrison (1989:48) defined systematic approach as "…in
order to determine as precisely as possible what are the minimum resources the organisation should invest for the development of its workforce, an accurate assessment should be made of known and agreed
training needs at all levels. A training plan can then be formulated which can guide the organisation in its investment of resources, in the operation of training and development, and in their evaluation."
What else can I help you with?
Why is it necessary to link training and development activities to the achievement of organisation'strategic business objectives?
because hod is asked us to write the answer
Why are aims and objectives important to a business?
Aims and objectives are important to a business because it gives them a 'sense of direction'- in other words, it shows a business what its goals are and what the business wants to do. There are different types of objectives businesses have and range from corporate objectives that focus on what the business wants to achieve as a whole. Financial objectives that show a business what financial position a firm aims to be in. Other objectives include marketing objectives and HR objectives.
What are the types of business objectives?
Financal objectives and social objectives.
How do the business objectives relate to the ownership of business?
Business objectives guide the direction and strategy of a company, influencing decisions about ownership structures. For instance, a business aiming for rapid growth may attract venture capital or seek external investors, while a company focused on stability may favor family ownership or employee stock ownership plans. The choice of ownership can affect capital acquisition, operational flexibility, and control over decision-making, ultimately impacting the achievement of those objectives. Thus, aligning ownership with business objectives is crucial for long-term success.
Example of aims and objectives of a business?
aim is objectives
Aims and objectives of business?
Aims and objectives Business activity is focused around the achievement of business aims and business objectives. A business aim is the goal a business wants to achieve. A primary aim for all business organisations is to add value and in the private sector this involves making a profit. More strategic aims include expansion, market leadership and brand building. A business objective is a detailed picture of a step you plan to take in order to achieve a stated aim. These need to be SMART in order for the business to know what progress it has made towards achieving the objective: Specific - clear and easy to understand. Measurable - able to be quantified. Achievable - possible to be attained. Realistic - achievable. Time bound - associated with a specific time period. OBJECTIVES ARE S.M.A.R.T
Why does a business need to have SMART objectives?
Because if you have smart objectives, you learn how to say no and your business will prosper.
Why do business organisations need objectives?
businesses needs objectives because to guide the business in a direction to growth and success. also without objectives a business wouldnot accomplish anything
What are the objectives of business?
one of the objectives of a business is to earn profit to improved their wealth.
Business objectives of Ferrari?
Most business objectives tend to be:S M A R TSpecific - objectives are aimed at what the business does.Measured - objectives can be measured to see if the target has been met.Achievable - completion of the objectives is possible.Realistic - objectives can be met with the current resources available to the businessTimed - target is time specific e.g. in 8 months.
What are objectives of business ethics?
what are objective of business ethics
Why have aims and objectives?
Without Aims and Objectives how do you know where your business is heading for the future. You need it achieve your aims of the business.
