The performance improvement component is another issue to be addressed within the coaching strategy. The coach’s task is to facilitate or empower subordinates to progress beyond their current stage of performance. It has been recognized that coaching is a day-by-day, hands-on procedure for helping subordinates identify opportunities for strengthening their performances and capabilities.
One of the most important yet highly unreliable assets of an organization in this fast moving dynamic world is human resource. For a number of years organizations are trying to preserve their human resource by devising new and improved strategies for them. Take the example of dot com introducing gourmet coffee bars at their offices as a way to offer the most desirable on-job perk of their workers and to keep them at work for long hours (Conlin, 2001).
Five competitive forces in industry also affect the growth prospect of any product/firm. These forces include rivalry, threat of new entrants, threat of substitute products, bargaining power of supplier and bargaining power of buyer.
A third approach to e-learning is blended learning which can be defined as; a combination of various technology based modes of learning, or a mixture of virtual and direct interactional learning or a combination of e-learning techniques with actual job related issues to make learning more effective and fruitful. Blended learning helps organizations to increase the level of acceptance of e-learning among its employees. (Driscoll, 2002)
Data is collected from available secondary sources and the methodology results of study conducted at GSK by Carleysmith, Dufton, & Altria (2009) are applied on Bio-Rad.