From the course: Foundations of Corporate Training
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Leaders' learning investment preoccupations
From the course: Foundations of Corporate Training
Leaders' learning investment preoccupations
- You've probably been asked, what will your learning efforts do for us? Or maybe, what do you require financially? Or, why do you need the money? To address these questions, build a business case for your learning activities. Here's how. First, show the budget. Your leaders have budgetary demands from many internal activities, so prepare your financial proposal before approaching them. For example, if you're suggesting setting up an e-learning course to mobilize a sales team, show them where the funding is coming from. Think through the cost of all the elements such as purchasing hardware, software, and the developmental time. Financially translate how getting the sales team to learn on the road will help to increase sales in the long run. Second, address your business leader's financial preoccupations. Leaders focus on four specific financial expectations, coverage, liquidity, activity, and profitability, or simply use the acronym CLAP. Leaders apply these financial reporting tools…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.