From the course: Your L&D Organization as a Competitive Advantage
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A business case for organizational learning
From the course: Your L&D Organization as a Competitive Advantage
A business case for organizational learning
- How do you create a business case for investing in learning and development? It's not always the first priority in organizational budgets but it can be a powerful tool. Think about it. When a product or raw material can be sourced from anywhere in the the world, freelance employees contracted by the highest bidder and competitors across the globe can access your potential clients via a video call, your customers could be stolen from underneath you. You don't want that. So what are you going to do about it? How will you keep up? What's your competitive advantage? It's not location, not proximity to raw materials, not the local talent pool. No, it's the ability for your organization to adapt, react quickly to change and to create new and needed products and services. And how's that done? Through learning, through developing internal talent, through leveraging existing knowledge to create new advantages. Organizations know learning is critical. In fact, one study conducted by the…
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