Running Training Like A Business

Transforming Training Programs

Businesses spend enormous amounts of money, time, and energy on training and development (T&D). Annually, U.S. corporations spend more than fifty-six billion dollars on training and development. Despite this investment, many businesses are not satisfied with these programs. Continuous learning is crucial to business success, and business leaders understand this. They often find that T&D is "out of the loop strategically, that it too often operates like something separate from the business, and that they don’t see enough tangible returns on their T&D investments."

The solution is to transform training. Instead of running merely as a function, it must run like a business. Everything training does must be more effective and more efficient, and must tangibly help businesses achieve their goals. The cost of training must be clear and acceptable to those who purchase it for their employees. Training’s mission is economic: it must fill the needs of your employees, who are the "customers" for training.

The benefits of running training like a business include:

• Attuning your training operation to business...