Training and Development: A vital tool for Performance Excellence Kar Ajit Kumar*, Moharana S.K** *Asst. Professor (HR) - Interscience Inshtute of Management & Technology, (IIMT), Bhubaneswar **Dean (Academics) - Interscience Institute of Management & Technology, (IIMT), Bhubaneswar Excellence is an art won by training and hahituation. We do not act rightly because we have virtue or excellence, butwe rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. Aristotle Top In the wake of liberalisation, privatisation and globalisation in India, the industrial environment in which organisations conduct their business have become fiercely competitive and dynamic. The business approach and philosophies that were applicable in the past few decades are no longer relevant. Globalisation of business strongly demands Indian companies to be world class. Whereas most of an organisation resources are material objects that usually depreciate in value over a period of time, its human resources that can and should appreciate substantially as years pass. Hence the authors are of the view that organisation should invest money, time, effort and other resources to impart more skills and provide training and development to their man power making it a rich human capital to face the new challenges in today’ ever changing business environment in 21st centuries. The present paper under consideration highlights that every executives today faces the challenge of improving employee performance to a reasonable extent. As such performance excellence is not a one time event bur rather an on going ever evolving process, which needs to be supplemented through a systematic training and development programme for facilitating the desired organisational excellence. Top |