Question

As students in the this class - you should also be a "Student of Your Industry"...

As students in the this class - you should also be a "Student of Your Industry" To stay competitive in the marketplace today, organization must stay fresh with both internal and external factors.   The internal factors are centered around people, and if we do not continue to learn and expand - the most valuable (and most expensive) resource for the company is not being maximized

Share with us how your organization promotes this concept, and if not - why are they not?

Business   Economics   
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Answer #1

This is a pure art of concept regarding the organisational enhancement

  • This statement signifies that in an organisation, to make it more fresh they should enhance their internal factors
  • The internal factors are centred around people.
  • This statement says that if we do not make use of internal factors then the most valuable resource for the company is not being maximized.

In the case of my company, they appreciate this concept.

They says that it will be better for a company to utilize the internal factors so that productivity increases.

  • By the term productivity they mean faster and efficient production
  • It will be better to keep reward plans for the utilization of the resource.
  • We will keep on learning how to make use of this resources which indeed takes up it better growth for the company

Hope this helps

please comment for doubts

thanks

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