Ceo Challenge

874 Words2 Pages

Introduction
“It is better to invest in an A person with a B product than in an A product with a B person.” -Georges Doriot - This quote really put an emphasis on “Human Capital”. Let’s start with a definition of “Human Capital”. Human capital is defined as a measure of the economic value of an employee’s skill set. This measure builds on the basic production input of labor measure where all labor is thought to be equal and that the quality of employees can be improved by investing in them. The education, experience and abilities of an employee have an economic value for employers and for the economy as whole. (http://www.investopedia.com/terms/h/humancapital.asp) The best way I can explain it is that people are a value to every organization, without people no organization can function. To invest time, training, professional, and personal development into people will enhance the overall functionality of an organization. For the purpose of this assignment I will use the U.S. Navy, USS Dwight D. Eisenhower, Weapons Department’s for Human Capital and the strategies associated with me.
U.S. Navy is a huge institute but how does a 300,000 member organization stay in top running conditions? How does it meet the various assignments in missions and national interest for our country? How does it keep a pool of top leaders to meet the mission?
Provide Employee Training and Development
The challenges for many organizations to acquire, develop, and retain skilled employees is a difficult one. Investing time and improving the value of workers through training and other professional/personal development plays huge profit in addressing this challenge. Training is defined as a process by which someone is taught the skills that are needed f...

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... knowledge within of specialty of weapon to support the national interest. As a department, we try to be extremely flexible with Sailors working schedule. The Navy also helps us retain critical talent by offering these “Super Stars” re-enlistment bonus at the end of their contract.
Improve Leadership Development Programs
In Weapon department, our professional leadership development begins at the start of every new rank. Leadership can’t be made thru any course or class. Military leader best learn through mentorship and experience. At the beginning of every rank, service members (SVM) are indoctrination with a basic foundation of what is to be expected of their new position within the organization. This class only serves as a basis because leadership is learned through experience. After indoctrination, experience and mentors help develop the leaders of today Navy.

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