Essays on Innovative Leadership

Introduction

Training involves transfer of knowledge and skills from experts to learners to improve their performance in their jobs. Training gives the employees an opportunity to prepare for the jobs which require handling of modern technology and to get familiar with the tools and strategies of the company. Training is necessary for the development of skills while education is related to knowledge. An overall development is possible when both education and training is present.

Difference between Education and Training

Training develops the skills which improve efficiency in the organization while education helps to gain knowledge, Skills, which contributes to improve an individual’s wellbeing. Education ...

In this case we shall use the merger of the information technology giant firm Hewlett Packard (HP) and Compaq which marked the biggest merger in the IT industry. This merger was tactically predetermined by HP as a lucrative way of improving the company’s market position. It was evident that HP had quite a variety of products to offer to the consumers which needed to be melded into a one powerful business. However, the market share of Hewlett Packard at that time was quite low and thus it had to do something so as to improve its client base and consequently improve ...

Definition of Strategy

Increased globalization and competition in the market at large has necessitated the need to come up with viable competitive strategies. This is because all firms seek to carry out activities that ensure they gain a competitive advantage over other related businesses within a similar industry. Therefore, through strategic managers, firms set various goals which are achieved through particular activities and actions. It is these activities and actions that form strategies. As such, a strategy can be defined as a plan undertaken with an aim of solving a given problem or achieving a specific goal. There are various strategies that can be undertaken by firms facing ...