Training within the company is a lever for development

Abstract

Regardless of the size or sector, companies are constantly required to innovate and differentiate themselves in the market to survive. Technological advancements, digitalization, and globalization are phenomena that define the business environment. In order to be efficient and maintain or grow market share, companies must remain vigilant, seize opportunities, and continuously reinvent themselves. In this context, the development of human capital plays a crucial role in the growth and development of companies and the broader economy. While the relationship between human capital accumulation and economic performance has been well-established over the years, the link between human capital and innovation still requires further exploration. According to the European Union (EU, 2015), "Education and training encourage creativity and innovation, capable of transforming economies and societies." Training has a positive effect on the innovativeness of firms. Furthermore, training as a method to stimulate new ideas or creativity is essential in increasing innovation activities. Formal training programs specifically have a positive impact on innovation. In other words, while various theoretical studies have acknowledged the influence of training on productivity, the key question remains: does it also enhance a company's ability to adapt, change, and grow? This contribution seeks to explore the existing relationships between the implementation of continuing education and the emergence of a dynamic of change within companies.