Tvh Thermote & Vanhalst

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INTRODUCTION Since 1969, the TVH Thermote & Vanhalst group has become a household name in the world of forklift trucks. TVH is a global player, a ONE-STOP-SHOP offering Forklift Parts, accessories, second-hand machines and handling equipment with a guaranteed fast delivery of the right product at the most competitive price. TVH is a family company that was founded in Gullegem in 1969 by Paul Thermote and Paul Vanhalst, both originating from an agricultural family. It is currently being managed by the second generation. The company is active all over the world. In addition to the headquarters in Waregem, the group also has a regional headquarters for America in Kansas (SMH). Furthermore the company hassubsidiaries, branches and sales outlets in more than 30 countries world-wide. TVH has different business units. The Parts & Accessories Division sells spare parts and accessories for forklifts, aerial platforms and other industrial or in-plant vehicles, but also sells small handling equipment such as trolleys and hand pallet trucks. The Equipment Division sells new and second-hand forklift trucks and aerial platforms. The Rental Division rents lift trucks and aerial platforms, and the Service & Repair Division carries out maintenance work with the customers. QUESTION 1 Issues * TVH doesn’t have a system to capture, store, and leverage employees’ knowledge * There is a massive in-flow of young people who lack of knowledge * Specialized knowledge is lost when older employees leave the company Training The term training refers to the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, and performance. Some commentators use a similar term for workplace

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