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Hi, need to submit a 500 words essay on the topic Benhams Manufacturing.This will impact on increasing the revenue of the company. The same will happen if Benhams manufacturing invests additional fina
Hi, need to submit a 500 words essay on the topic Benhams Manufacturing.
This will impact on increasing the revenue of the company. The same will happen if Benhams manufacturing invests additional finances in their projects. This means that improvement of the status of key resource will work enhance the competitiveness of the company. In reference with the argument from different organizational philosophers, it is evident that the level of expected output from employees is extremely valuable in driving all other resources (Lloyd-Jones & Lewis 2008). This is the reason behind the growing significance of creating a competition advantage through employee training and development. The practice is quite expensive, but the resultant product focuses on long term benefits (Sadler 2011).
Benhams manufacturing can highly benefit from training in reference with the above argument. Among the outstanding training, sectors in finance is cost. The training will also over the challenge related to precision in production. If employees learn on the benefit of minimizing cost, both direct and indirect, the company will reduce overheads among other costs. This will have a significant impact on the company following the reduction of expenses (Sadler 2011). Denying employees the chance to access new information that relates to their line of specialization is a dangerous strategy. This will make the company lag behind as their skills do not meet those of the current market, thus not competitive. However, the training process is expensive, and this negatively affects the company’s growth and development. Money that could have been used for the company’s upgrading is directed to the training program.
It a time consuming procedure, and this results to a downfall in the amount of output produced by the company. Working hours are scheduled for the training program, and this automatically reflects in the returns. Scheduling time for all employees to
