Failure of Smes in Tanzania

In: Business and Management

Submitted By hidayambonde
Words 2008
Pages 9
ANSWER
Training is a learning process that involves the acquisition of knowledge, sharpening of skills, concepts, capabilities, rules, or changing of attitudes and behaviors to enhance the performance of employees and to aid in the achievement of organizational goals. Training is activity leading to skilled behavior.
Strategic Imperative is an initiative, key project, or major objective that is high leverage and systemic (strategic) and a must-do (imperative) over the next 6 – 12 months to significantly move a team or organization toward its vision, values, purpose and desired culture. A key component of providing focuses to an organization calls for a leader is to identify "strategic imperatives" or "must-do." These are the team or organization's critical leverage points. Once the teams are set and their mandate or charter agreed to by the larger executive or steering team overseeing this work, each Strategic Imperative Team then develops and manages development of a detailed implementation plan and execution
Most company executives decide to spend money on training especially when economic times are good. There is a view that it is good, and it is also something that responsible leaders are supposed to do to prepare for the future. Unfortunately, training becomes the first activity to be cut when times get tough. There is also no objective measure that calculates the business case of return on investment for training. Actually, training, education and coaching should be the absolute last consideration when investigating cost reductions during difficult economic times. However, continued spending of money on training isn’t the only answer. Training alone will not produce the kind of results that training combined with coaching and education can produce.
Success in a highly dynamic environment requires that organizations become more responsive to their…...

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