Development in Business

Facts to Know About Learning and Development in Business

Learning and development strategy is the strongest pillar that establishes high performance, provides optimum results and success to the company. Millions of organisations worldwide spend a large part of their total business capital to improve skills and performance of their employees. Learning and development also serve as a catalyst to build confidence in employees to face bigger challenges in their career. So implementing a smart learning and development strategy is essential to drive effectiveness.

However, sometimes inadequate budget, project deadlines, unresponsiveness of training department, improper management and lack of initiative restrict from executing learning and development plans. In absence of professional guidance and training, an organisation faces shortcomings such as low employee performance, resources not utilised properly, inconsistency in employee outputs, less employee engagement and low employee retention rate. Employees are the most valuable asset for any business, but as a result of inadequacies, many organisations are unable to implement best practices and often end up receiving low profitability.

Developing a strong learning culture at work is really important and Shannon Pigram, a multi-talented HR executive specialising in business development and learning, talent management and employee engagement can help Australian businesses to reach that level. He has been involved in developing learning and development strategies for the past 14 years. You can get insights on his work by visiting Allihoopa and Aeriagames. Shannon understands that an organisation’s success depends entirely on being proactive with learning and development to increase the productivity of the employees and thus increase the business. Get to know more about Shannon Pigram by reading his biography or visiting Wesrch.

Here are some key considerations for a successful learning and development strategy.

  • Strategy should be aligned with business strategy

When planning out learning and development strategy ensure that it is aligned with your overall business strategy. This is important because your organisation’s learning and development needs are unique, for example, your organisation has placed priority on brand marketing strategy then you should integrate marketing courses into your L&D strategy. Subscribe to Shannon’s YouTube channel to get acquainted with the strategy.

  • Make L&D a priority

Make your learning and development strategy an organisational priority. As said before that an organisation’s success depends entirely on being proactive about L&D strategy so it is important. A senior officer, for example, a corporate learning officer or training official, should drive its development and granted adequate budget, resources and support. In case, your organisation lacks such people then you can hire an external L&D strategy developer who can help your organisation reach its full potential.

  • Conduct an internal assessment

Conducting an internal stakeholder assessment helps identify the various stakeholders and help you understand what they require from your L&D strategy. Pick up the purchase by making them a part of the process. Taking the above example of marketing and branding priority, consult the marketing team to know and incorporate their learning and development needs as well.

  • Incorporate the best learning tools

When you are planning out the learning and development strategy for your organisation, consider incorporating the best learning tools. Some of the present best tools for integrative corporate learning include leadership coaching, leadership exercises, guided case study analysis and real-world learning in global business hot-spots.

  • Think about the future

As learning and development needs of your organisation and management training tools and resources evolve and change, so should your learning and development strategy. Build your management development objectives and improvement goals into your learning and development strategy.

So, these are some of the facts you need to look into before building learning and development strategy for your organisation.

Technological Advancements

Impact of Technological Advancements on our Lifestyle

Just take a moment to look around you and observe the changes you notice in your lifestyle from say, a decade back. It is guaranteed that not many things are the same. This is because of the huge strides made in technological advancements that have touched every part of your lives. The rise of the Internet is the first defining factor, radically modifying the way you behave, pick up nuggets of information or even go on a shopping spree. Every sector, from health care to education, from beauty care to communication, literally nothing that affects your life has been left untouched. Whether everything has been for the better or for worse is a matter of debate but that lifestyles have been impacted – there can be not an iota of doubt about it.

What then are the key areas in which technological advancements have impacted lifestyles?

  • Travelling – Modern innovations have enabled people to move across national borders with ease and fast and have shrunk the world to a global village. From the times the first car rolled out in 1886 or the first powered flight took off in 1903, modes of travelling have improved at lightning speed. Today modern aircraft fly beyond the speed of sound and cars are going driverless. Traditional burning of fossil fuel has been replaced by clean electric power thereby reducing the adverse effects of global warming and pollution. Travelling times have been reduced by tunnelling through mountains and below the sea. Going distances now is no more a long and time consuming affair.
  • Beauty care – Not too long ago, even basic cosmetic surgeries were long drawn affairs requiring extensive downtime and recuperation periods. Today, invasive surgeries are mostly a thing of the past and skin rejuvenation processes and elimination of wrinkles and laugh lines are done in multiple sessions each lasting under an hour with no downtime. An Universal IPL assures permanent hair removal painlessly and quickly without any side effects, making redundant epilators, waxing or tweezing.

Take the case of tattoos which were once impressions that had to be carried around for life. However, go to a top of the line beauty clinic with a tattoo laser removal machine and any tattoo irrespective of its colour, size or ink density can be eliminated. Such advanced equipment is a by-product of latest technological innovations made in this field.

  • Communication – Nowhere has hi-tech advancements made a greater impact than in the area of communication. Email, satellite phones that work from remote corners of the world and the Internet have made communication quicker, easier and seamless across continents. Business meetings where executives had to travel long distances is no longer required – video conferencing, voice mails and Skype has taken the load off them, saving substantial time and money. It has impacted education and children today can avail of the Internet to gain in-depth knowledge in various fields of education.
  • Entertainment – Home entertainment systems have come a long way from the phonographs and the radio. The Internet can be directly accessed through LED TVs bringing entertainment from all corners of the planet directly into the living room without the need for a medium such as satellite antenna or a receiver. Music is now digital and the beat and tempo of a track can be adjusted with specialised software.

These are some areas where technological advancements have greatly affected and impacted lifestyles of the common man.

Lighting Company

Requirements to Start LED Lighting Company

LED lighting is the current rage today for a number of benefits it has to offer. LEDs consume less energy and are thus cheaper to maintain, especially in indoor areas like shopping malls and restaurants where lights might be on up to 20 hours per day. LEDs are also available in an almost unlimited range from small single bulb units with high luminosity to decorative lights. Finally, LEDs have the latest technological innovations in-built in them and can be controlled from a remote as well as dimmed or increased to meet specific requirements. With all these advantages, it is natural that there is a booming demand for LEDs today and those getting into this business are bound to reap rich dividends in future.

What then are the requirements to start a LED lighting company?

  • Studying the market – LED lighting is a gradually evolving market and hence, there will not be many empirical studies on it regarding profitability and other operational factors. Hence it is advisable to acquire firsthand knowledge of the industry before getting into manufacturing. Start a distributorship on a small scale and know about the different types of LEDs, which ones have more demand than others, sources of supply of raw materials and purchasers of finished goods.
  • Deciding the quantum of investment – There is no limit to the scale that you can start any business and LED lighting is no exception. However, start small and expand as you get more orders. You can start on a limited scale as large scale investments are not required. LEDs (the main component in the lights), casing and the power drivers do not cost much. Quantum of finances required for purchasing land and setting up a manufacturing unit will depend on the location selected by you. However do not choose a remote location as the charges for transportation will be substantial.
  • Hiring skilled and unskilled personnel – This can turn out to be a time consuming affair for you and hence outsource this activity to specialised labour hire agencies that can get the right employees for you quickly. Make sure that those whom you hire have the required experience in manufacturing of LED lights.
  • Selecting suppliers and distributors – These are the two crucial components on which your business growth will largely bank on. Make a market survey and prefer suppliers of raw materials that have market reputation for dependability. Similarly, be careful while finalising a distributor for your products as your sales and revenue will fully depend on this alone. From them you will be able to know market demand for specific products. For example if you find that commercial festoon lighting or Starlight lighting has a high share of the overall LED market, you can plan your manufacturing schedule accordingly.
  • Getting statutory clearances – This point is given at the end but is of primary importance. Make sure that you have secured all the statutory and regulatory clearances from controlling authorities before you set up shop. You would surely not want inspections and unwarranted litigation to disrupt your business at a later stage.

Follow these simple points and you should be on your way to a flourishing LED lighting business.