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TRAINING AND DEVELOPMENT: THE PANACEA FOR PRODUCTIVITY AND BUSINESS SUCCESS

ABSTRACT

Training and development have emerged as indispensable tools for enhancing employee performance, increasing organizational productivity, and achieving long-term business success. The paper examined the role of training and development as a panacea for productivity and

business success. It underscores how structured training programs not only bridge skill gaps but also foster a culture of learning and adaptability within organizations. The study showed different types of training for entrepreneur which were identified as leadership training,

compliance training, on-the-job training etc. Furthermore, the study emphasized the correlation between well-executed training initiatives and measurable business outcomes such as increased efficiency, customer satisfaction, and profitability. It was concluded that training and development are essential drivers of employee performance and organizational productivity. They empower staff with the skills and knowledge needed to meet current and future challenges. A well-trained workforce enhances efficiency, innovation, and adaptability in a

competitive market. One of the recommendations made was that organizations should systematically evaluate skill gaps to tailor training programs that address specific employee and organizational needs

KEYWORD: Training, Development, Panacea, Productivity and Business Success

AKPAN, E. Ebenezer Ph.D. And Joy Uko EBENEZER

INTERNATIONAL JOURNAL OF EDUCATIONAL AND SCIENTIFIC RESEARCH FINDINGS. VOL. 7 NO.1