eBookThe Business Case For eLearning
The Business Case For eLearning
by Growth Engineering Ltd. / Published: Jun 29 2018
What it's about
An eLearning approach can save you a lot of money – but only if you enter into it with the right attitude. With this eBook, you will discover all the ways eLearning can help bolster your ROI.
IntroductionWhen there are cuts to be made in the business world, the training budget is often the first on the chopping block. This has left the door open for eLearning to make its grand entrance.
eLearning AcceptanceeLearning has earned widespread acceptance throughout the corporate world and the number of companies willing to invest in an online learning programme continues to grow on a yearly basis.
Calculating ROIWhilst there are numerous ways of calculating ROI, it is mostly a matter of comparing the benefits of the training against the investment placed within the training initiative.
The Business Benefits Of eLearningAs we see it, an eLearning approach delivers benefits in three major areas. Some of these benefits and sub-benefits are provided through classroom training though many are not.
Using eLearning To Cut CostsIt’s true that eLearning can cut costs in just about every area of the training budget. There is no need to pay for travel or finding accommodation for your workforce. All you need is internet access.
Using eLearning To Drive EfficiencyeLearning has evolved into a remarkably efficient and sophisticated form of training delivery. Yet it’s often difficult to quantify this benefit in monetary terms.
Using eLearning To Develop Intellectual CapitalAs the importance of intellectual capital continues to grow, so too will the need for knowledge management. With the brutal sense of competition currently spreading through the business landscape, easy access to job- relevant knowledge has become a means for increasing chances of survival.
Adopting An Engagement Strategy To Raise ROIWhilst setting aside funds for training is a good start, organisational growth takes a much larger commitment. If eLearning is to be successful, it needs to be embraced at every level – from the higher-ups down to the
How The Discovery Method Can Increase ROIOur unique design methodology The Discovery Method puts you and your experiences at the centre of the learning process. Not only is it highly effective, it’s also an entertaining journey.
ConclusionThe business case for eLearning is crystal clear. It’s a three-pronged attack on those naysayers who remain disenchanted by the power of modern technology to provide an inspirational platform for learning and self- development.
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