Training and Development in Small Businesses



Training and Development in Small Businesses

Introduction

Menchies Frozen Yogurt has famous in worldwide for their delicious and tasteful products. The Company has opened his franchise in various places for providing high quality services and best products to their customers. The customers have availed the quality products of Menchies due tow which the value of this small Company in the market has expanded rapidly. From the last couple of the month, the customers have not used Munchies product due to which TRP of the company has adversely affected. This problem can be threatening situation for the company owners because it negatively affects their position in the market among other competitors. For controlling this situation, the Company has hired consultants which are able to identify a problem and conduct training sessions. This session will effectual for improving their lack in business.

Discussion

Key Elements of Training & Development

Being as a consultant, the Menchies Frozen Yogurt is needed to conduct training and development program in their business. This will help to solve issues at employers and as well as customer's foundation. The Consultant can examine the essential elements of training and development by scrutinizing the overall current situation of a small business. This will effectual for the consultant to examine the overall adverse affects. With the support of key factors the trainers are able that what they want to put in the mind of employees who are working in Menchies Frozen Yogurt and the customers (Sonobe & Otsuka, 2012). The key elements of training and development are effectual for evaluating the main prospects that can help to increase from the bad situation. The essential elements of training and development for improving the performance of their small business are as follows:

Association with organizational objective

Responsiveness of company's existing learning traditions

Needs investigation

Content strategy

Assessment and success criterion

Advertising and communication approach

Measurement of small business influence policy

These are 7 key great key principles that help the Menchies Frozen Yogurt business to improve their efficiencies. The key elements of training and development are effectual for improving their deficiency in their work. This will provide a positive approach of small business to work properly and maintain a good position in the market among other competitors.

Potential Challenges

The use of key elements will effectual for the small business. Being as a consultant, the company can improve their deficiency with the use of the training program. By implementing modifications in the present policies, the company probably faces certain potential challenges that can adversely affect their business. It might be shaken their present position in the market because these changes might be positive or negative for the business. Though, the Company must require alternative phases that can compensate the effects of these potential challenges (Pedler, 2011). If they can work on robust strategies, then the probability of letting down their business will be reduced. The potential challenges that might face Company after implementing the new training and development plan are as ...