In today's economic landscape, when resources are limited and expenses rise, businesses find it essential to enhance their efficiency. Investing in coaching and training becomes a strategic move, particularly in sectors where resources like high-quality materials are dwindling. Companies aim to maximize the potential of their existing assets, including medium-grade ore, by improving the skill set of their workforce.
David H. Maister's book, "Managing The Professional Service Firm," emphasizes the importance of skill development during times of resource scarcity. By focusing on training, organizations can better leverage their available resources, ensuring that they achieve optimal results and maintain competitiveness amidst rising costs.