Asked by Vanessa McKeiver on May 12, 2024
Verified
Learning from organizational experience and history is a skill companies must have in order to thrive.
Organizational Experience
The collective knowledge, skills, and learning that individuals acquire through involvement or employment in an organization.
Thrive
Thrive means to grow, develop, or be successful vigorously, often in a challenging environment or under difficult circumstances.
Learning
The process of acquiring new, or modifying existing, knowledge, behaviors, skills, values, or preferences.
- Appreciate the necessity of adaptation, learning, and development for maintaining organizational productivity and continuity.
Verified Answer
AD
Angela DicksonMay 18, 2024
Final Answer :
True
Explanation :
Learning from past experiences and history helps organizations to avoid repeating previous mistakes and build on successful strategies. This can lead to increased efficiency, innovation, and overall success. Failure to learn from experience can lead to costly errors and missed opportunities. Therefore, it is a crucial skill for companies to have.
Learning Objectives
- Appreciate the necessity of adaptation, learning, and development for maintaining organizational productivity and continuity.