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Most of the youths who joins an organization as a fresher, may not have much ideas about the organizational environments. Whatever they learned from the institutions might be the theoretical part and the practical part begins when they start their career in an organization. Training is the only option for the employers to make the fresh candidate suitable for their organization. The do’s and don’ts of the organization, organizational behavior, culture, objectives etc can be provided to the employees only through training.
No knowledge can be perfect if the learner fail to update it. New knowledge is bursting from all the corners virtually in every second and without updating; the knowledge of an employee might not be enough to meet the current challenges. It is difficult for an employee to go to institutions for acquiring further knowledge because of his professional commitments. So it is necessary for the employers to train their employees properly to prepare them capable of meeting the ever changing challenges in the business world. The following diagram represents the flowchart of training in an organization.
Training helps an employee to understand the business environment of the organization he is working for. Business environments can be different in different organizations. For example, business environments of Pepsi and Coke might be entirely different even thought they operate in the same soft drink manufacturing industry. In order to make the employee custom made, training is essential for each and every organization.
Changes and challenges faced by different organizations might be entirely different. For example, as mentioned in the above example, the challenges faced by Pepsi might not be the same for Coke because of the different geographical locations they were operating. Even in same countries they may face different challenges. For example, Coke is accused of exploiting underwater resources more than the
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Milton argued in this article that the sole purpose and core obligation of a business is to act in the shareholders best interest- i.e. to create shareholder value or in more blatant terms, to generate profit for them (Friedman, 1970). However, Wearden (2010) adds that there are many who argue against this, the proponents of Corporate Social Responsibility or Sustainable Business, those who advocate the integration of social and environment concerns in their business operations.
For instance, the suppliers, employees, and products and services of a business organization are influenced by it. In addition, government policies, employees, suppliers, and competitors exert substantial influence on a business organization. As such, the effect of the environment on a business is inversely proportional to its size (Dyer & Ross, 2008, p.
1). This paper briefly summarizes the enormous business potential in the USA as witnessed at one of the major business events known as “Denver Gift, Home, Jewelry & Resort Show” held in Denver, Colorado from February 26, 2011 to March 1, 2011. To encourage the manufacturing and sale of Native American products, Denver Gift, Home, Jewelry & Resort Show hosted 450 exhibitors selling nearly 4000 types of products including jewelry, furniture, gifts, cosmetics, stationery, handicrafts, garden accessories, interior decoration, etc.
Mihaly Csikszentmihalyi (2003) Introduction: The unethical employment practices of Nike as well as the retail giant Wal-Mart; the trading of ‘blood diamonds’ by De-Beers; or the Enron Scandal are all examples of companies and events wherein the businesses acted unethically.
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The main objective of a security plan in e-business is to “protect the privacy of the people with whom you do business and safeguard your IT and other information assets.” (Rapalus, 2001)
Information is a significant business asset for any
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