Pull, Don’t Push, Employee Learning

S. GillStephen J. Gill is a contributor to The Business Thinker magazine.
He is an organizational learning consultant, he facilitates a workshop for ATD titled, “Essentials of Developing an Organizational Learning Culture”, and he is co-founder of Learning2BGreat.com, a resource for creating and sustaining a learning culture in organizations. He publishes a blog at: http://ThePerformanceImprovementBlog.com
DavidDavid Grebow, Chief Executive Officer of KnowledgeStar, is a nationally recognized expert in creating organizational cultures that optimize learning. David is the co-founder and former director of the IBM Institute for Advanced Learning in Zurich and one of the co-authors of Creating a Learning Culture. For 25 years, Fortune 500 companies have employed him to assess the value of their current educational strategies, and create a forward-looking sustainable approach that positions them for success in the Idea-driven digital economy.

The major change in business today is the rate of change. For example, it used to be that the time between conception of an idea and market acceptance was five to seven years. Now a new car model goes from idea to market in 24 months. “Internet time” is just a few months for most things. My public offerings of JP Industries used to take months or years. Now, crowdfunding can raise millions of dollars for a new business in a few weeks. – John Psarouthakis

As the digital revolution continues to fuel the faster rate of change, transforming all aspects of business, from supply chain management to communication, the highest-performing corporations are abandoning traditional “push” training for the “pull” learning model.

Push training is a centralized, top-down model that occurs when management determines what it is people need to know or do and ‘pushes’ educational programs out from a central training group. It’s going to a class or taking an assigned online program.

“In a push training model, learning is test-based. It is all about what you know.”

The push training culture was developed to serve the old Industrial Economy that no longer exists. Long before “Internet time”, producing products and delivering services changed slowly. The shelf life of both, compared to today, was almost glacial, and most workers did not need to learn volumes of information to perform their jobs. Despite the change from the Industrial to the Knowledge Economy over 100 years ago, the vast majority of organizations are still pushing out training to employees the same way now as they did then.

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The two charts explaining exactly where we are in the Greek crisis

Matt PhillipsBy Matt Phillips. He writes about finance, markets and economics. He worked at The Wall Street Journal for seven years, most recently covering the aftermath of the Great Recession and the relentless descent of U.S. interest rates. Matt caught the markets bug as lead writer for the Journal’s MarketBeat blog, which he helped turn into one of the most heavily trafficked web properties at the Journal. He spends much of his time trying to force bankers, traders and economists to speak comprehensible English.

More than five years after the specter of a Greek default first sent global markets into a tizzy, the heavily indebted euro zone country is on the brink of default—again.

To be sure, financial markets are nowhere near as panicked as they were back in 2010, when Greece became the first spark in what became the European debt crisis. Still, Greece matters. And financial markets are once again showing faint, familiar signs of contagion. After months of shrugging off Greece’s ongoing woes, European stock and bond markets are both getting clobbered today.

There are many ways to think about the history of the Greek crisis. But, for our money, this chart is one of the best tools to understand what’s going on.

atlas_4krwmftu2x

What is it? It’s data from Europe’s “Target2? system, formally known as the Trans-European Automated Real-time Gross settlement Express Transfer. (It’s the second version of the system, hence the “2.”) Essentially, this is the EU payment system that big institutions—mostly banks—use to make large, cross-border payments throughout the day. This is serious money. In 2014, roughly €1.9 trillion worth of transactions were made on the Target2 system each day.

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Op-Ed: Naive Negotiations

DRJOHN2By Dr. John Psarouthakis

Executive Editor, www.BusinessThinker.com

The naive delaying tactics of the Greek government, without the needed cash in the “bank”, will result in the proverbial “painting themselves in the corner” and forced to agree to conditions much worse than before and / or eventual bankruptcy, or return to drachma, a disaster for Greece.



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