Page 28 - BANKING FINANCE NOVEMBER 2023

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teamwork and cooperation among individuals, promoting a
sense of community and shared responsibility for learning
outcomes.

Builds Critical Skills: Social learning enhances
communication, leadership, problem-solving, and
interpersonal skills, which are essential for success in the
modern workplace.

Supports Continuous Learning: In rapidly changing
environments, formal training programs may become
outdated quickly. Social learning, on the other hand, enables
a continuous flow of information and knowledge updates.

Reflects Natural Learning Processes: Social learning
mirrors how humans naturally learn from birth. It taps into
our innate curiosity and the social aspect of knowledge
Difficult to Measure: Unlike traditional training methods
exchange.
that often have clear performance metrics and evaluations,
assessing the impact of social learning can be challenging.
Cost-Effective: While implementing formal training
It is not as straightforward to measure the effectiveness of
programs can be expensive, social learning often leverages
knowledge gained through social interactions.
existing communication channels and platforms, reducing
additional costs.
Time and Resource Intensive: Facilitating social learning
may require significant time and effort, as it involves
In conclusion, social learning is a transformative and potent
creating an environment that encourages collaboration,
training strategy that should never be underestimated.
open communication, and knowledge-sharing. This
While often overlooked due to its informal nature and the
investment can deter organizations from considering it as a challenges in measurement and control, its untapped
primary training strategy.
potential lies in its ability to mirror how we naturally learn
as human beings.
Lack of Control: In a formal training setting, trainers have
more control over the content and delivery of information.
From the early stages of language acquisition to the
In social learning, information can be exchanged freely,
collaborative experiences of adulthood, social learning
leading to concerns about the accuracy and consistency of
weaves through our lives, shaping us into well-rounded
the knowledge being shared. individuals. In the context of adult learning, embracing social
learning can enhance skills, foster collaboration, and create
Despite these challenges, social learning a culture of continuous growth.
remains a highly potential training
In essence, social learning is a transformative force that
strategy for several reasons: empowers individuals and organizations alike. Embracing its
Real-world Relevance: Social learning allows learners to profound impact can lead to a future where learning
observe and model behaviors in real-world contexts. It becomes not just a solitary endeavor but a collective journey
bridges the gap between theoretical knowledge and towards excellence and shared success. Therefore, let us
practical application, making it highly relevant and valuable. never underestimate the power of social learning and
embark on this enriching path to continuous growth and
Encourages Collaboration: Collaborative learning fosters prosperity. T

26 | 2023 | NOVEMBER | BANKING FINANCE