The effect of learning and development on organizational performance of firms listed in the Nairobi Securities Exchange
Keywords:
Learning and development, organizational performance, Nairobi Securities ExchangeAbstract
Purpose: The purpose of this study was to analyse the effect of learning and development on organizational performance of firms listed in the Nairobi Securities Exchange.
Methodology: Descriptive and correlation survey research designs was used. Stratified simple random sampling technique was employed to enable select the respondents from the ten stratums of NSE listed companies. The target population was 534 top managers of listed companies in the NSE. A sample size of 224 respondents was picked from the listed firms.
Results: Results revealed that oganizational performance, learning and development were positively related. Regression results indicated that the goodness of fit for the regression between organization performance and learning and development was satisfactory. An R squared of 0.063 indicates that 6.3% of the variances in the learning and development by listed companies are explained by the variances in the organization performance. The results reveal that learning and development was statistically significant in explaining organization performance of listed companies.
Policy recommendation: It is recommended listed firms should maintain the practice of putting in place effective learning and development activities. This is because an improvement in learning and development activities leads in improved organization performance. In addition, it is recommended that firms without learning and development practices or those with poor learning and development practices should adopt the practices with the aim of improving organizational performance.
Downloads
References
Baheshtiffar maliken, Role of career competencies in organization European journal of economics, finance and administrative sciences, issue 42, 2011.
Devine M,Powel (2008)talent management in public sector .Ashridge sbusiness School .Htttp/www.ashridge .org.UK.
Johansson, R. K. & Adams, A.V. (2012). Skills development in sub-Saharan Africa. World Regional and Sectoral Studies. The World Bank
Hartman Evi,Faisel Ema &Schober Hoiger (2010)talent management of western MNCs in China ;balancing global integration and local responsivess ;journal of world business 45(2)169-178.
Heinen Stephen J and Colleen O’neill (2004) managing Talent to maximize performance.Published onlinein wiley interscience .www.interscience willey .com.Retrived on 15th October 2013.
Poorhosseinzadeh, M. & Subramaniam, I.D. (2012). ‘Determinants of successful talent management in MNCs in Malaysia’, Journal of Basic Applied Science Research, 2: 12
Stahl, K. G., Björkman, I., Farndale, E., Morris, S. S., Paauwe, J., Stiles, P., Trevor, J., & Wright, M. P. (2007). Global talent management: How leading multinationals build and sustain their talent pipeline. INSEAD, 34 p.
Heinen Stephen J and Colleen O’neill (2004) managing Talent to maximize performance.Published onlinein wiley interscience .www.interscience willey .com.Retrived on 15th October 2013.
Sara Ballesteros R.and Inmaculada De la Fuente(2010)Talents ;the key for successful Organization. Unpublished thesis, Linnaeus School of Business &Economics ,Linnaeus University.
CIPD (2010). Annual survey report: learning and talent development. Retrieved 25th May 2013Fromhttp://www.cipd.co.uk/NR/rdonlyres/BC060DD1-EEA7-4929-91421AD733F95E7/5215Learningtalentdevelopmentsurveyreport.pdf-annual
Lockwood, N.R. (2006). ‘Talent management: Driver for organizational success’, research Quarterly, Society for Human Resource Management.
Lockwood, T. & Walton, W. (2008). Developing an Innovative Organization. Allworth Press,New York.
Nzuve N.M Stephen(2007)Elements of organizational Behaviour .University of Nairobi press.
Bandura.A.(1977).Social learning theory .Englewood cliffs,NJ:Prentice-Hall.
Davis Tony ,Maggie cutt,neil flynn(2007) Talent assessment ,a new strategy for talent management .Gower,United States.Retrived on 22 march 2013.
Gupta, K. A., & Govindarajan, V. (2000). Managing Global Expansion: A Conceptual Framework. Business Horizons, March-April, 45-54
Harburg, F. (2003).The three essential elements of learning and development. Retrieved 2nd June 2013 from http://clomedia.com/articles/view/the three essential elements of learning and development
Saleem, N.A (2006) Principles and Practice of management simplified, Nairobi, Saleemi Publication.
Zheng, A. Y. & Kleiner, Brian, H. (2001). Developments concerning career development and transition’, Journal of Management Research, Vol: 24 Issue: 3: 33-39
Downloads
Published
How to Cite
Issue
Section
License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.
