Innovation In Training and Development

ICIMP-2018 | SPECIAL ISSUE | SEP-2018 | Published Online: 03 October 2018    PDF ( 153 KB )
Author(s)
Mrs. P Prasanna 1; Mrs. P.L.Supriya 2

1Vice-Principal, Sri Lakshmi College of Management and Science, Bengaluru (India)

2Asst. Professor in Commerce, KTSV first grade college for women, Bengaluru (India)

Abstract

The global competition and swiftness of changes emphasize the importance of human capital within organizations, as well as the swiftness and ways of knowledge gaining of that capital. The implementation of extensive continuing training and development programmes, not only for the improvement of technical competence, but for the development of cultural behaviour and values congruent with that of the company’s core values and philosophy, is one of their emerging best practices that stimulate innovation. The purpose of this paper is to provide a prologue to the issue of human resource development (HRD) and modernization which has been under-researched despite the widespread recognition of the critical role of innovation for sustained national, regional and organisational competitiveness. Knowledge is becoming basic capital and the trigger of development. Previously built on foundations of possessing specific resources and low costs, present day competition is based on knowledge possessing and efficient knowledge management. Modern organizations, therefore use their resources (money, time, energy, information, etc.) for permanent training and advancement of their employees. These activities determine the company as a learning organization with constant innovation being its sole business. These are organizations which realize that learning and new knowledge are becoming the key of success, and that education is crucial for great quantity.

Keywords
Modernization, Innovation, Training, Development, Learning, Education
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