Training and Development in Small Businesses Business Essay

TRAINING AND DEVELOPMENT IN SMALL BUSINESSES
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* Introduction
Training and development play a major role in the enhancement of success for any organization. In this study, the major focus shall be the development of a training proposal for LSB Industries, Inc., which is a chemical industry located in Oklahoma City, Oklahoma in the United States of America. The LSB Industries, Inc. operates in one of the most competitive industries in the US market, where the company deals with the manufacture and the sale of geothermal and water source heat pumps, air handling products, as well as chemical products. There is, therefore, the need for training to enhance company performance in the market. In this study, the major focus shall be the provision of consultation on training, through a training proposal. In the study, the areas of focus shall be the analysis of the major elements of training and development geared towards improving the performance of LSB Industries, Inc., predicting the potential challenges that the managers and the business owners could face in addressing organizational performance. These studies will also point out the various organizational gaps in LSB Industries, Inc., while also proposing a competitive training strategy that will improve the position of LSB Industries, Inc., in the market, by examining an agenda of training activities, the rationale for instructional strategies used, and the return on investment (ROI) that will be gained from the strategy developed for the business.
* Training and Development in Small Businesses
* Analysis of the key elements of training and development to improve the performance of LSB Industries, Inc.,
There are numerous elements of training and development geared towards improving the performance of LSB Industries, Inc. in the manufacturing and selling market. The training session shall put into consideration the element of planning as a key-value to attaining the required results for the company (Banks et al., 1987). The planning process for the training session shall include; understandings the mission of the training, by the organizational employees, the business owners, and the management teams, understanding the objectives of the training session, and understanding the relationship between the company policies and the training session. To attain efficiency, the right training procedures shall be applied to ensure all the trainees understand the program effectively. The necessary training programs, budgets, and strategies shall form a major part of the training session for the individuals in the organization. The mission of the training process shall coincide with the dreams and the goals of the organization while driving the agenda towards the attainment of the set organizational goals. Through the training process, LSB Industries, Inc. shall be focusing more on the direction of success and the development of viable products that can be used for efficiency and which can help in the rectification of organizational challenges (Obisi, 2011). The organization shall instill the needed values and beliefs to its employees, help the various stakeholders in understanding the numerous changes within the organization,...