I just read an article in one of the trade magazines I get the other night that hinted at the death of the very concept of OJT your talking about. Seems that for years companies have been expecting the knowledge to be 'educated' into the folks they hire because they went to college and had a degree, but are finding out that isn't the case.
Now they are discussing things like having mentors, etc, etc to pass on the knowledge to the new hires, as well as having them work at lower positions to learn more about the way things work,before putting them in management positions.
In other words they have finally figured out that the old way was actually the best way, but now have to figure out how to put a new twist on it so it seems more modern and progressive so they can justify implementing the concept into their progressive business plan.
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