Learning Culture and
Banking Practice
Learning
culture can be identified as one of key factors in any organization.
According
to the Hand Book of Human Resource Management Practice, following definition for learning
Organization has been quoted by Armstrong. “Wick
and Leon (1995) refer to a learning organization as one that ‘continually
improves by rapidly creating and refining the capabilities required for future
success”(Armstrong,2006).
Following
philosophies can be recognized in a strong Learning Organization (Miller and
Stewart ,1999).
- There is a strong link between learning and strategy of the business.
- The organization continuously learns from opportunities and threats.
- The learning should not be limited only for learning but how to learn.
- Modern learning strategies should be supported by ICT rather than traditional learning methods.
- Clear processes should be available for defining, capturing, sharing, as well as acting on knowledge.
Learning culture
of World Bank toward a new learning strategy
According
to the Independent Evaluation Group (IEG), World Bank practices under mentioned
strategies in order to improve their learning developments.
- Learning from each other’s experiences.
- Openness and active debate.
- Informal Learning and tactic knowledge.
- Management signaling and incentives.
- Localizing Global Knowledge.
Learning
culture and Banking practice of ABC Bank
Creating a learning culture towards promoting
innovation, in view of enhancing the value of customers as well as the
development of the organization.
Learning culture is one of the key values of ABC Bank. Employees could obtain a comprehensive
knowledge about the culture, products and services offered by the Bank in the
organization by following training development programs.
Learning through e learning modules and questioners
introduced by the bank in view of empowering employees knowledge. Further, Bank has implemented on-demand online
courses, mentorship and leadership development programs, and education
reimbursements in order to encourage leanings of employees.
Moreover, ABC Bank’s mechanism is
to recruit talent from all the communities of country. The organization recognizes
the value of having a diverse staff with variety of ideas, experiences, and
talents working together.
Conclusion
The corporate learning culture
should be empowered all employees to learn through innovations and thinking out
of box for the betterment's of the organization as well as employees themselves.
However, learning never ends.
Post Author : Sameera Galagoda
References
- Armstrong, ., 2006. A Handbook of Humon Resource Management Practice, 10th ed. 120, Pentonville Road, London N1 9JN, United Kingdom: Kogan Page Limited, London.
- Why is a Learning Philosophy so important for organisations? (2018). You Tube. Available at: https://www.youtube.com/watch?v=dH1H1ZuA2vk.
- olc.worldbank.org. (n.d.). Can the World Bank Create a Culture of Learning and Results? [online] Available at: https://olc.worldbank.org/print/content/can-world-bank-create-culture-learning-and-results.
- ieg.worldbank.org. (n.d.). VIDEO: Can the World Bank Create a Culture of Learning and Results? [online] Available at: https://ieg.worldbank.org/video-can-world-bank-create-culture-learning-and-results-0.
- North-South Centre. (n.d.). Online Training Courses. [online] Available at: https://www.coe.int/en/web/north-south-centre/online-training-courses.
- eLearning Industry. (2018). Learning Initiatives In Context: Considering The Learning Organization. [online] Available at: https://elearningindustry.com/learning-organization-learning-initiatives-context.
- Froehlich, D., Segers, M. and Van den Bossche, P. (2014). Informal Workplace Learning in Austrian Banks: The Influence of Learning Approach, Leadership Style, and Organizational Learning Culture on Managers’ Learning Outcomes. Human Resource Development Quarterly, 25(1), pp.29–57.
- KnowledgeForce Consulting. (2019). Top Learning Organizations - 4 Businesses That Do It Right. [online] Available at: https://knowledgeforceconsulting.com/top-learning-organizations-4-businesses-that-do-it-right/.
It seems the author has smartly elaborated the topic “Learning culture and banking practice” with global examples and practical scenario. Argument is supported with graphs and related videos in order to enhance the quality of the article.
ReplyDeleteThe world is now moving to the concept “Continuous learning culture”.Creating personalized learning paths are being discussed.Meantime,the main challenge of the employee is finding the time for learning. Digital channels such as social networking, instant messaging, online collaboration & video conferencing are also very popular at present.
We would be appreciated if you could share how is your organization going to apply above trends in real life.
Thank you for sharing your valuable thoughts with us.
The article explains the concept of a learning culture and the characteristics of a learning organization. I too consider that ICT is gaining importance in the trends of current learning strategies.
ReplyDeleteI agree with you Sameera, adopting learning organization strategies should promote individual, team, and organizational learning and that such enhanced learning should yield performance gains. You have clearly explained how learning culture of World Bank practices under different strategies to improve their learning developments. In addition you have identified some good references. I enjoyed reading this.
ReplyDeleteYou have clearly mentioned about learning culture with the help of images and videos. Banking practices on learning culture mention here is very knowledgable. Every bank should follow the learning culture idea to keep employees engaged with.well done !
ReplyDelete