Articles
Getting, maximising results from training programmes
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- Category: SME toolkit
- Written by Bridget Olotu
- Hits: 554
I would like to pause writing on training needs for SMEs to write about the need for SME managers and owners to first of all carry out a Training and Development Assessment Need before embarking on such an exercise. This is because you don’t just engage in staff training for the fun of it. You want to be sure that you are getting value for your money and that your workers are getting retrained and that their knowledge, skills, abilities and attitudes are being enhanced.
I met with the Managing Director of a media outfit few years ago and while we were discussing this issue, he was hesitant to engage my firm to supply his organisation with specific training programmes he had in mind. When I prodded him to know why, he told me with a sense of frustration that their organisation had not been harvesting much result from training programmes. In other words, the ROI on training was not very attractive. After speaking with him for a while, I told him that it was important he assessed the training and development needs of his people by looking at their weaknesses and area of professional needs on the job. For me, that is the starting point of knowing what training programme is good for whom. It is only when the why question has been answered, that you can now consider the what, when and how issues pertaining to the execution of that training.
Read more: Getting, maximising results from training programmes
Category: SME toolkit Written by Bridget Olotu
I would like to pause writing on training needs for SMEs to write about the need for SME managers and owners to first of all carry out a Training and Development Assessment Need before embarking on such an exercise. This is because you don’t just engage in staff training for the fun of it. You want to be sure that you are getting value for your money and that your workers are getting retrained and that their knowledge, skills, abilities and attitudes are being enhanced.
I met with the Managing Director of a media outfit few years ago and while we were discussing this issue, he was hesitant to engage my firm to supply his organisation with specific training programmes he had in mind. When I prodded him to know why, he told me with a sense of frustration that their organisation had not been harvesting much result from training programmes. In other words, the ROI on training was not very attractive. After speaking with him for a while, I told him that it was important he assessed the training and development needs of his people by looking at their weaknesses and area of professional needs on the job. For me, that is the starting point of knowing what training programme is good for whom. It is only when the why question has been answered, that you can now consider the what, when and how issues pertaining to the execution of that training.
X-raying benefits of training programmes for SMEs
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- Category: SME toolkit
- Written by with Bridget Olotu
- Hits: 1075
In 2010, the CBN having defined SMEs as businesses with the capital base from N5 million to N500 million and with 11 to 300 employees, it becomes crystal clear that many of our assumptions about SMEs are wrong.
Read more: X-raying benefits of training programmes for SMEs
Category: SME toolkit Written by with Bridget Olotu
In 2010, the CBN having defined SMEs as businesses with the capital base from N5 million to N500 million and with 11 to 300 employees, it becomes crystal clear that many of our assumptions about SMEs are wrong.
What is your financial report card?
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- Category: SME toolkit
- Written by with Bridget Olotu
- Hits: 387
What I have practically done is to take us through 5 different financial intelligences as developed by Robert Kiyosaki, I am sure you’d have been familiar with that name by now. Robert is one of the greatest writers on financial literacy globally today, has sold many more millions of financial books than any known writer in history and is one of my most revered financial mentors.
Category: SME toolkit Written by with Bridget Olotu
What I have practically done is to take us through 5 different financial intelligences as developed by Robert Kiyosaki, I am sure you’d have been familiar with that name by now. Robert is one of the greatest writers on financial literacy globally today, has sold many more millions of financial books than any known writer in history and is one of my most revered financial mentors.
Performance management for SMEs and large organisations
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- Category: SME toolkit
- Written by with Bridget Olotu
- Hits: 1541
I will start this Training Needs for SMEs Series by looking at performance management or managing of performance by modern organisations, including SMEs, today in the workspace.
Read more: Performance management for SMEs and large organisations
Category: SME toolkit Written by with Bridget Olotu
I will start this Training Needs for SMEs Series by looking at performance management or managing of performance by modern organisations, including SMEs, today in the workspace.
Business expansion strategies for SMEs (II)
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- Category: SME toolkit
- Written by Bridget Olotu
- Hits: 3595
Another set of business strategies that SMEs can use is (1) Alliances and (2) Mergers and Acquisitions (M & A). We find these strategies as a predominant way by which Multinational Enterprises (MNEs) and large corporations expand their business operations. Interestingly, SMEs can also utilise these strategies in their own way when they fully understand how they work. They are complex issues but I will only gloss over their meaning and simple applications as regards this subject.
Category: SME toolkit Written by Bridget Olotu
Another set of business strategies that SMEs can use is (1) Alliances and (2) Mergers and Acquisitions (M & A). We find these strategies as a predominant way by which Multinational Enterprises (MNEs) and large corporations expand their business operations. Interestingly, SMEs can also utilise these strategies in their own way when they fully understand how they work. They are complex issues but I will only gloss over their meaning and simple applications as regards this subject.