Modern Retail Store Design – A Perspective
When you think of any Retail Store, instantly you recall the layout and your experience connected with the store. We tend to build our likes and dislikes around the Store environment and ambience and our loyalty to any one store may be influenced by our perceptions of that particular store environment. Store Design and Layout […]
Managing Customer Concerns – A Part of Selling Process
Consultative selling process is not easy to handle and can be quite lengthy too. However a good salesman never loses his patience with each of his leads and pursues until each case to its logical conclusion. With every sales lead, one gets to learn and better one’s skill. Over a period of time, handling and […]
Need for a Uniform International Corporate Governance Code
With the globalization of the world economy starting in the 1970s, continuing through the 1980s and accelerating since the 1990s reaching its zenith in the first decade of the new millennium, there has been a concomitant trend of global corporations expanding their international footprint and operating in multiple countries around the world. This meant that […]
Visual Merchandising
The art of increasing the sale of products by effectively and sensibly displaying them at the retail outlet is called as visual merchandising. Visual merchandising refers to the aesthetic display of the merchandise to attract the potential buyers, prompt them to buy and eventually increase the sales of the store. In simpler words, visual merchandising […]
Service Product Management: An Oxymoron or a Reality?
Till now, we have considered how product management is done in companies that have different product lines and brands. Now, in this article, we would consider whether the term service product management or the process of managing the entire lifecycle of services is an oxymoron or is indeed a concept that is realistic and feasible. […]
Organizational learning is the means by which organizations develop, enhance, and manage knowledge and standards within their functions and in their cultures and adjust and improve their efficiency by making better use of the wide range of skills of their employees. It is critical for modern day business organization.
In the present dynamic condition of global business environment organizations are always trying have an edge over other in gaining competitive advantage. One of the main aspects many of them have concentrated on is organizational learning. Strategists have understood the significance of organizational learning in generating and maintaining competitive advantage.
The turbulent nature of business environment and the intricate character of globalization phenomenon are putting organizations in situations which demand them to be adaptable and at the same time be proactive. Such adaptability and proactive capacity are decisively connected to the capability of an organization to learn.
It is through organizational learning an organization improves the ability to respond to various business situations and there by enhance competitive performance by means of generating of new knowledge. Along with this, organizations have to manage their organizational learning capabilities effectively to generate superior performance.
In an organization an individual can be involved in the practice of enhancing functions by means of improved awareness and knowledge. This is fundamentally the essence of individual learning.
An organization that finds to be in need of organizational learning first of all should create an environment that promotes individual learning. This individual learning creates individual knowledge which forms the foundation of knowledge building in an organization. This knowledge building process will in turn result in organizational learning.
The development of core competences which help the organization to sustain its competitive advantage is habitually depending on organizational learning. Thus individual learning forms the source from which organization develops the essential core competences that makes it distinct in the business environment.
A learning organization is a firm that intentionally creates frameworks and plans in order to improve and expand organizational learning. Such an organization will focus on the main aspects of the learning process with the intention of leveraging the intellect of the organizational members.
Such an organization understands that it is through processes of organizational learning it can generate new knowledge essential to achieve competitive advantage. Thus such organizations are seeking to generate new knowledge that is based in organizational learning.
It is possible to assume the exploration of new possibilities and the exploitation of existing certainties in organizational learning.
Both exploration and exploitation are necessary for organizational learning. Comprehending the alternatives and enhancing the sense of balance between exploration and exploitation is needed for a learning organization.
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