FORMATIVE ASSESSMENT $2$

Read the project scenario below and answer ALL the questions that follow.

SCENARIO

You are the HR Manager at Remarkable Insurance.

Established in $2020,$ Remarkable Insurance is a relatively new insurance company in South Africa. The company offers a

comprehensive range of products including life insurance, home insurance and car insurance.

Remarkable Insurance has recently embarked on a growth strategy. So as to support the implementation of the growth

strategy, the Remarkable Insurance Management Committee have identified that the company needs to boost sales while

keeping costs as low as possible.

Note: In preparing answers to the various project questions, learners are required to read beyond the scope of the

MANCOSA Module Guide. Consult a range of sound academic sources $($such as textbooks and academic journal articles$)$ in

completing this project.

QUESTION $3(25$ marks$)$

$$Organisational learning as a strategic tool has been proposed in the field of modern management for gaining competitive

advantage and stabilising organisational success. The aim of learning is not only enhancing employees$$ knowledge and

skills but also the growth of the organisation and building a flexible dynamic learning organisation$($Saadat and Saadat,

$2016).$

Eighteen months have passed since you first proposed the Junior Sales Assistant Development Programme for

matriculants to the Remarkable Insurance Management Committee, and it has proven to be very successful. Remarkable

Insurance is still pursuing a growth strategy. You have proposed that Remarkable Insurance become a learning organisation

as this will facilitate its ongoing growth, and the CEO has approved your proposal. Your first task in facilitating Remarkable

Insurance$$s transition to becoming a learning organisation, is to educate the workforce.

Prepare a speech which you are to deliver to the Remarkable Insurance workforce at the next general staff meeting, in

which you provide an overview of the concept and characteristics of a learning organisation as well as an

implementation plan to facilitate Remarkable Insurance$$s transition into a learning organisation.