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TRAINGING AND DEVELOPMENT:Knowledge, Methods of Training

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SME Management (MGT-601)
VU
Lesson 28
TRAINGING AND DEVELOPMENT
Objectives of Training
1) To improve job performance.
2) To develop employees for new responsibilities.
3) To prepare employees for promotion.
4) To reduce accidents and wastage.
5) To instruct in the operation of new equipment.
6) To ensure management succession.
Effective management succession requires prior planning. Seemingly simple matter has special problems in
the case of small business particularly when it comes to its practical implementation. The entrepreneur is
moulded in thinking in a groovy fashion. Moreover, training is not a one time job. It is a rather continuous
process. Training seeks to upgrade an employee's knowledge to keep abreast of changes in competitive
business environment and prepare for advancement to challenging opportunities.
Before initiating a training Programme, the owner/manager should ascertain as to what training would
induct change. Change herein implies the attainment of improved ability. The change should benefit both
individual and organization. The change should occur in the following five areas:-
Knowledge
It refers to the storage of information by an individual for use in problem-solving and decision-making.
Greater the amount of knowledge, better equipped shall be a person to accomplish a job.
Attitude
It is a state of mind which creates an urge to work for personal and organizational growth.
Ability
It is the proficiency in performance of a given task.
Job Performance
It measures how well the individual meets the requirements of a position.
Operational Results
These indicate how well the organization has been able to achieve its objectives and goals.
Conditions Facilitating Training And Development In Small Company
1.
Existence of a board that insist on management succession program and its follow up.
2.
Steady growth of company which stimulates the need to prepare staff for foreseeable change.
3.
Recognition of need for training by the entrepreneur who devotes his time and energy towards it.
4.
Freedom given by entrepreneur to young executive to new experiment with new ideas and accept risk
connected with it.
5. Degree of delegation of responsibilities.
Methods of Training
1. On-the-Job training.
It is the most practical and most often used technique in small business. Depending on the complexity of
task and experience level of the employee, the training may vary from few hours to several days. Training of
this kind is given in three phases.
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SME Management (MGT-601)
VU
a. Demonstration
The job is demonstrated and each stage is explained. It is done slowly so that trainee can ask questions
as well as provide feedback on his understanding of work procedure.
b. Performance
Performance i.e. the employee applies what he has learned in the preceding.
c. Inspection of work
Inspection of work of employee is to provide immediate reinforcement of correct method of
performance.
2) Apprenticeship Training.
Apprenticeship training is the from of training that combines both formal classroom learning and on-the-
job training experience particularly in technical cadres.
3) Job Rotation.
It is particularly beneficial in the case of small companies wherein each employee has through
understanding of different functions. Employees are moved from job to job for few days. It helps
employees combat the problem of monotony and boredom because of varied work experience.
4) Group Training Through Conference Method.
Major advantage of this technique is that participant has opportunity to express their viewpoint and share
their experiences through a discussion of a common problem.
5) Heir Apparent Technique.
In it, entrepreneur identifies the person to be trained for management succession. He is encouraged to learn
every facet of company's functioning. He is rotated trough various positions of the company and is
gradually given increasing responsibility.
6) Off the Company Premises Training.
It includes:
a.  University & Technical College.
b. Correspondence Course.
c.  Training Films.
Evaluating Training Needs in Small Business
The evaluation of training needs in a small business can be done by asking the following.
1. What are the objectives of training?
2. What do employees need to learn?
3. How much will the program cost?
4. What will be the method of instruction?
5. What kind of physical facilities would be needed?
6. What shall be the duration of training?
7. Who will conduct training?
8. How will effectiveness of program be measured?
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Table of Contents:
  1. THE HISTORY:Cottage Industry, CONCEPT OF SMALL BUSINESS
  2. THE RELATIONSHIP BETWEEN SMALL AND BIG BUSINESS:The SME’S in Pakistan
  3. THE ROLE OF ENTREPRENEURSHIPS IN SMEs:Focus and Perseverance Guide the Entrepreneur
  4. THE ROLE OF ENTREPRENEURSHIPS IN SMEs:Kinds of Entrepreneurs
  5. SMALL ENTREPRENEURS IN PAKISTAN:National Approaches
  6. THE DEVELOPMENT OF SMES IN PAKISTAN:The Industrial History of Pakistan
  7. GOVERNMENT’S EFFORT TOWARDS SME DEVELOPMENT:Financing Programs
  8. THIS LECTURE DEFINES THE ROLE OF NGOS AND SMEDA:Mission Statement
  9. ISSUES AND POLICY DEVELOPMENT FOR SME:Monitoring Developments
  10. ISSUES IN SME DEVELOPMENT:Business Environment, Taxation Issues
  11. LABOR ISSUES:Delivery of Assistance and Access to Resources, Finance
  12. HUMAN RESOURCE DEVELOPMENT:Market and Industry Information, Monitoring Developments
  13. MARKET AND INDUSTRY INFORMATION:Measuring Our Success, Gender Development
  14. LONG TERM ISSUES:Law and Order, Intellectual Property Rights, Infrastructure
  15. THE START UP PROCESS OF A SMALL ENTERPRISE:Steps in Innovative Process
  16. TECHNICAL FEASIBILITY:Market Feasibility, Market Testing
  17. FINANCIAL FEASIBILITY:Financial resources and other costs, Cash Flow Analysis
  18. ASSESSMENT OF PERSONAL REQUIREMENTS AND ORGANIZATIONAL CAPABILITIES:Analysis of Competition
  19. Post Operative Problems of a New Enterprise:Environmental Causes
  20. HOW TO APPROACH LENDERS:Bank’s Lending Criteria, Specific Purpose, Be Well Prepared
  21. WHAT A BANK NEEDS TO KNOW ABOUT YOU:General Credentials, Financial Situation
  22. COMMERCIAL INFORMATION:Checklist for Feasibility Study, The Market
  23. GUARANTEES OR COLLATERAL YOU CAN OFFER:Typical Collateral
  24. Aspects of Financial Management:WINNING THE CASH FLOW WAR, The Realization Concept
  25. MEANING OF WORKING CAPITAL:Gross Working Capital, Net Working Capital
  26. RECRUITMENT, SELECTION AND TRAINING:Job Description, Job Specification
  27. SELECTION AND HIRING THE RIGHT CANDIDATE:Application Blank, Orientation
  28. TRAINGING AND DEVELOPMENT:Knowledge, Methods of Training
  29. CONDITIONS THAT STIMULATE LEARNING:Limitations of Performance Appraisal, Discipline
  30. QUALITY CONTROL:Two Aspects of Quality, Manufactured Quality
  31. QUALITY CONTROL:International Quality Standards, MARKETING
  32. MARKETING:Marketing Function, MARKETING PROCESS - STEPS
  33. MARKETING:Controllable Variable, Marketing Uncontrollable, Marketing Mix
  34. MARKETING:Demerits of Product Mix, Development of new product, SMEDA
  35. ROLE OF TECHNOLOGY:Training programmes, Publications
  36. ROLE OF TECHNOLOGY:Measure to Undertake for Promoting Framework.
  37. EXPORT POTENTIAL OF SME IN DEVELOPING COUNTRIES I:Commonly Seen Assistance Programme
  38. EXPORT POTENTIAL OF SME IN DEVELOPING Countries. II:At the national level
  39. WORLD TRADE ORGANIZATION (WTO):WTO Agreements: Salient Features
  40. WTO MINISTERIAL CONFERENCES:PAKISTAN AND WTO
  41. WORLD TRADE ORGANIZATION (WTO) PAKISTAN & WTO. II:International Treaties
  42. WORLD TRADE ORGANIZATION (WTO) PAKISTAN & WTO. III:Agriculture
  43. WORLD TRADE ORGANIZATION (WTO):PAKISTAN & WTO. III
  44. WORLD TRADE ORGANIZATION (WTO):CONCLUSIONS AND RECOMMENDATIONS
  45. SUMMARY & CONCLUSIONS:Financing Tool, Financing Tool