Thursday, October 17, 2019
System Feedback Loops Essay Example | Topics and Well Written Essays - 1250 words - 2
System Feedback Loops - Essay Example The environment in which organizations operate is not only complex but driven by numerous factors that define the competitive strengths and strategic plans of the business. These factors include the market competition, their strategic approach, customer expectations, preferences, research and development capabilities, economic, political and social aspects driving market trends, and technology know-how that involve new product ideas, techniques, and innovation (Smith, 2001). One of the biggest challenges faced by any organization operating in such environmental conditions is the ability to adapt to the needs of the changing market environment and the capability to harness its resources in the desired direction to achieve defined goals. Competitive strengths and advantages are developed by organizations through a deeper understanding of market driving forces and constant efforts in the direction of enhanced performance and productivity. Human resources play a vital role in helping the organizations achieve the defined goals and targets. A key aspect driving the performance of human resources is employee learning and skills development (Uslar & Prof Norbert, 2007). The paper explores the different dimensions of a learning organization through a study of feedback loops and its application within Industrial Services of America Inc (ISA). The market shares of the company have gone up steadily with the company focusing on delivering high quality products at competitive prices. However, the competitive industry environment offers distinctive challenges in the form of constant focus on product quality and innovative products to retain its market shares. Firms are finding it difficult to maintain pace with the rapid changes taking place in technology and need to adopt innovative work practices to launch new and improved product designs (Nowotny, 2006). ISAââ¬â¢s focus in such a scenario
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