GlaxoSmithKline, a very well known global corporation in the United States [its basic] and in the UK [its headquarters] is targeting towards an effective extension goal.
Reference Copied to Clipboard. A brief on Organisational Learning Organizational learning refers to a state whereby an organisation attempts to understand the recent changes and acquire information on the recent trends and changes within the market. The business entity makes alignment with the environmental factor by gaining knowledge about them Zepeda, It could be related to any field within the organization, whether it is internal environment or external environment.
The definition of organizational learning suggests that when an organization improves its intellect about market situation or business environment in which they are operating on the regular basis, then the learning curve of business entity goes upward which determines the organizational learning.
Organizational learning is not just an activity, it is a complete process which must be followed on the regular basis. There are various aspects of an organization where the impact of organizational learning could be experienced. Organisational learning is beneficial as it contributes to improving the market position and more importantly, it allows organisations gain competitive advantage Pedler, Boydell and Burgoyne YEAR: One is the sustainability and other is profitability.
If a business entity is committed to getting long term sustainability along with high profitability, then regular improvement within the business operations is required. This is not an example of the work written by our professional essay writers. Become a Freelance Writers Place an Order This essay examines the significance of organizational learning to workplace practices.
Both these elements have huge importance in the era of globalization. Without gaining an adequate amount of consideration to these aspects it is not possible to improve the strategic position of the company.
Strategy is of high priority in each and every department of organisations. The strategy could be considered the highest version of planning Lifelong learning, If a company is focusing on planning, then it suggests that they are simply focused on the completion of work in a proper manner.
However, if the concentration is towards the strategy, then the company is ready to deal with uncertain challenges or they have alternate strategy or path to accomplish the work in case of any unexpected challenges.
The strategy provides the leading edge to the company and allows them to continue their business operations even in adverse situation.
It is essential to explain that the strategic management is based upon the decision making process Heaney, Therefore, if the decision making aspect of any organization is effective, then the strategies could be designed in most suitable and effective manner.
Further, for the purpose of result oriented decision making process, there is a huge requirement of organizational learning.
The strategy formulation process and organizational learning have a direct relationship with each other. For instance, if an organization comes to know, through market research, that they can enter into new market with their existing product range, then they can develop the strategy to enter into the market.
The strategy could be based upon the outcomes of market research.
It might include the design of the product along with its pricing. Further the promotional aspects and place strategy could also put into a frame.Pillsbury (including Burger King) was purchased in by Grand Metropolitan, which in turn merged with Guinness to form Diageo, a British spirits company.
Diageo s management neglected the Burger King business, leading to poor operating performance. GEP provides clients a flexible set of outsourcing options, custom configured to meet their specific needs. From end-to-end outsourcing to point solutions like category management, strategic sourcing and inventory management, we get you more bang for your buck.
A brief on Organisational Structure and Change Introduction In the present business era, it is very important for the management to give proper focus on the culture of the organisation as the uprising global culture can affect a company and its workers both in positive and negative manner.
Similarly, Change management is a systematic approach to dealing with change, both from the perspective of an organization and on the individual level.
Furthermore, it has at least three different aspects: adapting to change, controlling change, and effecting change. THE ART OF STRATEGIC MANAGEMENT- A KEY TO SUCCESS IN CORPORATE SECTOR Dr. Fareha Zafar University of Derby (UK) & strategic management proceeds through strategic analysis and planning, formulation of plans sudden change in the corporate environment sector or an economic crisis may prove fatal for.