¶ … Networks of Boston
Key elements of training and development geared toward improving the performance
The three important Elements in training and development include:
Strategic Analysis
This factor will help the employees understand the strategic position of Tech Networks. It is critical to diagnose environmental changes and establish their influence on the company and employees. In training, strategic analysis establishes a view of the key variables that could affect the future and present performance of the company (Armstrong, 2007). When strategic analysis is conducted perfectly, it helps the company choose the best strategy for growth in the market. It will be beneficial to understand some key elements under strategic analysis.
The environment: Tech Networks would not exist without the ability to interact with a complex commercial, economic, technological, political, social, and cultural environment. Tech Networks of Boston is faced with changing environments. A precise understanding of the impacts is important in the creation of the strategic plan (Armstrong, 2007). These externalities are commonly referred to as weaknesses and threats forming part of the SWOT analysis.
The company's resources: The resources of Tech Networks of Boston are internal influences. These are strategic capabilities viewed as the weaknesses and strengths of the company. They also form part of the SWOT analysis.
Stakeholder expectations: The development of Tech Networks of Boston is reliant on the expectations of the company's stakeholders. Their assumptions and beliefs constitute the culture of Tech Networks of Boston. For instance, the thoughts of different managers in various departments may shape the company's strategy. Therefore, some influences arise from the stakeholders; the rate of impacts on the company's strategy is dependent on the respective power of the stakeholders' group (Merson, 2011). If the stakeholder group has a great power, it translates into a strong influence on the strategic analysis (Harrison, 2009). A keen reflection of Tech Network's business resources, environment, objectives, and expectations within the political and cultural context of the company ought to be the starting point of understanding the strategic analysis.
Strategic choice
This is the second most important factor after strategic analysis. Here, the company will be ready to make strategic decisions. Strategic decisions refer to selecting the best possible courses of action based on the strategic options evaluation.
Strategy implementation
The final factor is the implementation strategy. This refers to the way in which Tech Networks will translate their strategy into actions and activities. Implementation strategy demands proper deployment of the firm's resources and careful planning. It further requires keen handling of potential changes in the company's structure and effective change management. The strategy could be implemented based on phases (Merson, 2011).
Potential challenges that the managers of the business could face
As businesses continue to diversify, chances for workplace challenges intensify. Small business managers and owners confront a set of possible challenges including technological advancements, organization, and team or employee issues. Mostly, the underlying sources of these challenges are the lack of flowing and open communications or the use of inadequate organizational structure. Businesses are compounding problems through avoiding communicating a clear chain of command (Armstrong, 2007).
Employee issues: Problems of individual employees could be supervisor issues, personality conflicts, company structure, or personal trauma oriented. The leaders ought to study the causes of the problems and the people or factors fueling the fire. In case of an absence of a clear trigger, the cause may fall back on confusing or insufficient communications. For instance, an employee at Tech Networks may feel answerable to multiple supervisors if the command chain is poorly communicated (Harrison, 2009).
Team problems: For teams to be high performing, they should be committed to working towards a common goal. If they experience individual disconnect with members of other teams, the team risks becoming non-functional. Such issues are rooted on management or organizational communication breakdowns confusing personal or team common goals. Leaders of these teams should foster cohesiveness and provide constant feedback (Armstrong, 2007). When Tech Networks faces team issues, managers will be required to assess the problem and act promptly to correct the problem and avoid further serious breakdowns in performance.
Organization-wide Problems: Minor team or employee issues may rapidly expand to the entire company if the managers do not embrace prompt corrective measures. This situation ought to be avoided at all costs because it leads to employees forming groups with odds at each other. Incase all the actions geared towards avoidance fail, managers must be equipped and prepared to embrace the most dramatic corrective actions. They must deter...
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