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20 February Management and Economic Develpoment (...undermanaged...)

There are no "underdeveloped" employees - there are only "undermanaged" ones.

Knowledge like "capital" does not accomplish much on its own.

How do we invest our training dollars and time - to create more knowledge capital or to make sure that the knowledge capital that we already have is being used effectively?

If we put our time and investments into three buckets -

1. What we do in preparation before acquiring new knowledge

2. Acquiring new knowledge (which may involve ridding ourselves of prior "knowledge")

3. Effectively applying previous knowledge (perhaps recently acquired - but not necessarily)

Would they be equally distributed? Would they be skewed towards one bucket or another? Has this changed over time? What will it look like in the future? What variables influence the distribution?

Replies to This Discussion

Permalink Reply by Paul Terlemezian on February 20, 2016 at 7:14pm

Would you rather be 50% efficient at something that is 90% effective or 90% efficient with something that is 50% effective?

Admittedly - there are likely challenges in measuring efficiency and effectiveness (and mathematically - the results of the above question are identical) - the point to ponder is how willing (tolerant) are you to accept less efficiency for the promise of more effectiveness?

Should we try to teach an "old dog new tricks" or be happy to let a dog be a dog?

In the training world - it may be easier to change the tool than to change the performer. For example - if robotic surgery has less complications than open surgery should all surgeons change the way they work. Will an experienced open surgery practitioner be as effective immediately with robotic surgery?