Case Problems A company X limited is setting up a new plant in Indi

1.	Case Problems A company X limited is setting up a new plant in India for – manufacturing auto components. India is a highly competitive and cost effective production base in this sector. Many reputed car manufacturers source their auto components from here. X limited is planning to capture about 40% of the market share in India and also export to the tune of at least $ 5 million in about 2 years of its planned operations. To achieve these targets it requires a highly trained and motivated work force. You have been retained by the company to advise it in this matter. While giving answer keep in mind the sector, the company is operating .Which methods of training and development should be company initiate? Explain giving reasons.
Answer» The company can use ‘On the job’ and ‘Off the job’ training methods. The merits or benefits of ‘On the job’ are (i) It is a practical method. (ii) The trainee can contribute towards the real/actual work. (iii) Separate arrangements need not be done. If the ‘Off the job’ methods are used then the benefits derived are (i) Vestibule training helps in avoiding modern and expensive equipmens from being damaged. (ii) Conference helps in to develop conceptual knowledge reduce, resistance to change etc.

Case Problems A company X limited is setting up a new plant in India for – manufacturing auto components. India is a highly competitive and cost effective production base in this sector. Many reputed car manufacturers source their auto components from here. X limited is planning to capture about 40% of the market share in India and also export to the tune of at least $ 5 million in about 2 years of its planned operations. To achieve these targets it requires a highly trained and motivated work force. You have been retained by the company to advise it in this matter. While giving answer keep in mind the sector, the company is operating .Which methods of training and development should be company initiate? Explain giving reasons.

Answer»

The company can use ‘On the job’ and ‘Off the job’ training methods. The merits or benefits of ‘On the job’ are

(i) It is a practical method.

(ii) The trainee can contribute towards the real/actual work.

(iii) Separate arrangements need not be done.

If the ‘Off the job’ methods are used then the benefits derived are

(i) Vestibule training helps in avoiding modern and expensive equipmens from being damaged.

(ii) Conference helps in to develop conceptual knowledge reduce, resistance to change etc.