From the course: Foundations of Corporate Training
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Maintaining your training budget
From the course: Foundations of Corporate Training
Maintaining your training budget
- Why was my budget cut? I've heard this all too often, and chances are you've had your budget cut at one time. Budgets get cut for a variety of reasons, but one could be because you didn't prove learning's value. Business leaders must appropriately allocate resources to internal activities delivering the most value. Those that don't will see their funding reduced. Here are some ways to show value for your learning budget. First, align with your organization's mission. Every organization has a mission statement stating the purpose for its existence. If you don't know where to focus, then I recommend revisiting the mission statement. For example, McDonald's' mission statement once stated, "To be the world's best quick service restaurant experience, "providing outstanding quality, service, "cleanliness, and value so that we make every customer "in every restaurant smile." This statement clearly indicates the areas such as quality, fast service, and ensures customers are satisfied. So…
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