Rapidly changing trends in the global financial sector require regular training and the learning of new perspectives—continuous professional development and training benefit both the organization and personal and professional level.
This paper will discuss the benefits of professional training in terms of organization, professional and personal development. Professional training conducted by organizations introduces the company’s mission, vision, strategy, and project. Understanding these aspects of professional life plays a vital role in further career perspectives. As highlighted by Ahmed (2019), understanding vision and strategy statements is crucial.
It facilitates productive performance, improves relationships with stakeholders, including customers, partners, and suppliers, draws media attention, and creates interest from the audience. Another area that could positively affect both organization and the personal and professional growth of the employee is implementing inside-out or outside-in, or mixed strategies. Ahn (2021) claims that the inside-out approach contributes to both parties. Organizations obtain long-term customer relationships and efficient systems processing while employees create a talented and productive team mastering their communication abilities.
Training in micro and macro environments helps to recognize the difference between them and enhances strategic management and business planning skills. For productive and comprehensive operation, an employee should differentiate specific features and differences of these factors. Managing microenvironments, including communication with suppliers, customers, competitors, and stakeholders, allows to employee improve their soft skills while the organization receives valuable connections (Lumen Learning, n.d.).
In contrast, the macro-environment is primarily advantageous for the organization as it provides internal attributes and franchising opportunities on a global scale. Moreover, Lumen Learning (n.d.) highlights that the implementation of PESTLE analysis that includes a complex examination of political, economic, social, technological, legal, and environmental components gives a structured evaluation of the company’s performance for the leading parties. Also, by analyzing their performance, employees could assess their performance and the effectiveness of their learning methods. The components mentioned above maintain organized and efficient performance by managing and regulating both organizations and employees.
Reference List
Ahmed, A., 2019. Importance of mission vision in organizational strategy. Small Business – Chron. Web.
Ahn, T., 2021. Inside-out strategy vs. outside-in strategy: Which marketing approach is best? Viral Solutions. Web.
Lumen Learning, Retail management. Lumen. Web.