How has GE's training, development, and learning programs contributed to GE's success?
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How has GE's training, development, and learning programs contributed to GE's success
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The expert determines how GE's training, development and learning programs contributed to GE's success.
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GE's training, development, and learning programs contributed to GE's success
Importance of Training in Organizations
Often there is too little or no budget for training programs more so when economic conditions are not favorable. It is not easy to implement training programs. It is difficult and requires investment of both time and money. There is also no surety of returns which is in terms of better productivity or improved leadership. The greatest asset of an organization is its human capital. Training is an effective means through which organizations can gain competitive advantage by honing skills of existing manpower. The manpower also represent knowledge repository which must be invested in the right manner to be beneficial for both employee and organization. General Electric is one of the oldest companies which have been involved in learning and development for more than six decades. Leaders at GE believe that training should be work related and all work should be in the form of training. This means providing opportunities at all levels, development through on-job experiences and grooming to become leaders.
Training Methodology
The organization has corporate university in Crotonville, NY in United Sates of America. Learning is built in the corporate culture at GE. Through learning the organization has been able to reach new heights of success, developed new initiatives and improved skills of the work force which enabled them to take bigger challenges.
People join GE during different stages of their careers- from fresher's to experts. There are trainings and development ...
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