MLA Essay Example | Topics and Well Written Essays - 1250 words

MLA - Essay Example). The figures above argon used not to still denote the size of the come with and the amount of working capital it has, but represents an organization that means line, spells business and does it efficiently. They have been in the forefront of creating The Human Network Effect which is the main theme alone their advertisements are based on. One of the most interesting features of the company lies in its strategy to acquire other companies to leave to its existing talent pool of software engineers. Cisco is intentionally influencing knowledge flows through its management of IT. (Managing knowledge for sustained competitive advantage, Jackson. Susan, p 70). Being a company that reported a growth in sales over 50% annually in a timeframe of five consecutive years, this is truly a power to be reckoned with. This resultant growth is only due to its employees. It is because of the employees, hired in the best interests of the company who drove the sales machinery a nd gave it immense profits that multiplied over the years. But, things have changed since the last some years. The global recession has not only dashed the hopes and wealth of large business enterprises, but as well as created a sense of intense fear and insecurity in the minds of good workers and employees. In this scenario, the training imparted to employees becomes all the more main(prenominal) because it defines their future roles and shapes their goals when they join the company. Though, currently, this kind of emotional distress seems to be an ongoing occupation with most of the business establishments, Cisco take to be treated differently because of the quality of the workforce it needs to maintain. This is main the reason why Cisco cannot avoid not having a training budget. Training employees is important to make them productive and contribute towards efficient and profitable performance in the long run. It can in addition act as a retention strategy and ensure that the best and more productive