Case Scenario Verizon Wireless is a company that believes strongly in learning. In 2013, for the second year in a row it was number one in Training magazine's ranking of companies that have the best training programs for their employees. Verizon's training lineup has a plethora of options and styles to meet the needs of the various types of learners the company has. For instance, many new employees are sent through rotational programs that allow them to experience as much of the business as possible so that they have the ability to make decisions with the bigger picture in mind. Training even extends to Verizon customers as the company has found that helping its clients learn creates loyalty and fewer problems in the long run. Verizon spends over $300 million a year on the training and development of over 180,000 employees. As a company, if you make the decision to spend that much money on learning, you'd better make sure you get a strong return on your investment. Lou Tedrick, vice president of human resources for Verizon, says that at the beginning of every training initiative, "we work with key stakeholders and business partners to define what success will look like in terms of employee knowledge, behaviors and targeted business results. Then, we ideally get a pretraining snapshot of knowledge, behaviors, and/or business results to compare with a post-training snapshot." In addition to traditional training, Verizon is at the forefront of social learning, which is something many companies are starting to see the benefit of. Verizon's "My NetWork" social networking platform allows for peer-to-peer collaboration on all kinds of issues where the transfer of knowledge among employees needs to happen more quickly than traditional training can typically handle, such as during a time of crisis or an extremely rapid rollout of a new product. Verizon employees with subject matter expertise post videos and podcasts that become viral within the organization, with employees recommending them to others in a manner of minutes. These learning initiatives allow the company to deliver content and knowledge that is hard to convey through different methods.
Case Scenario Verizon Wireless is a company that believes strongly in learning. In 2013, for the second year in a row it was number one in Training magazine's ranking of companies that have the best training programs for their employees. Verizon's training lineup has a plethora of options and styles to meet the needs of the various types of learners the company has. For instance, many new employees are sent through rotational programs that allow them to experience as much of the business as possible so that they have the ability to make decisions with the bigger picture in mind. Training even extends to Verizon customers as the company has found that helping its clients learn creates loyalty and fewer problems in the long run. Verizon spends over $300 million a year on the training and development of over 180,000 employees. As a company, if you make the decision to spend that much money on learning, you'd better make sure you get a strong return on your investment. Lou Tedrick, vice president of human resources for Verizon, says that at the beginning of every training initiative, "we work with key stakeholders and business partners to define what success will look like in terms of employee knowledge, behaviors and targeted business results. Then, we ideally get a pretraining snapshot of knowledge, behaviors, and/or business results to compare with a post-training snapshot." In addition to traditional training, Verizon is at the forefront of social learning, which is something many companies are starting to see the benefit of. Verizon's "My NetWork" social networking platform allows for peer-to-peer collaboration on all kinds of issues where the transfer of knowledge among employees needs to happen more quickly than traditional training can typically handle, such as during a time of crisis or an extremely rapid rollout of a new product. Verizon employees with subject matter expertise post videos and podcasts that become viral within the organization, with employees recommending them to others in a manner of minutes. These learning initiatives allow the company to deliver content and knowledge that is hard to convey through different methods.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1.1 minor/major problems2
1.2 possible future problems
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