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

MLA - Essay Example ). The figures above are used not to merely denote the size of the company and the amount of working capital it has, but represents an organization that means business, spells business and does it efficiently. They have been in the forefront of creating ‘The Human Network Effect’ which is the main theme all their advertisements are based on. One of the most interesting features of the company lies in its strategy to acquire other companies to add 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 sale’s m achinery and gave it immense profits that multiplied over the years. But, things have changed since the last few years. The global recession has not only dashed the hopes and wealth of large business enterprises, but also 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 important 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 problem with most of the business establishments, Cisco needs 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 also act as a retention strategy and ensure that the best and more pro ductive