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Renowned management strategist Peter Drucker and Oracle founder Lawrence Ellison feel that online education has tremendous potential for everyone from individuals in developing countries to the upper management of Fortune 500 companies.
Mr. Drucker believes that the impact of information technology on education will be greater than the impact of technology on health care advancements.
To thrive in a world of increasingly global competition, both companies and individuals must develop a competitive edge utilizing e-learning opportunities.
PERSONAL ADVANTAGES
Reaching our potential is strongly connected to how well and quickly we adapt to change. Through e-learning, everyone can keep up with advances in their field.
- Individuals set and track their learning and career-development goals.
- Short learning sessions help people remain focused.
- Tools like bookmarking allow people to track their progress.
- Class is in session whenever it's convenient.
E-learning is emerging and changing daily. People can earn a high school diploma or an Ivy League master's degree - without ever leaving the comforts of home.
COMPANY ADVANTAGES
General Electric CEO Jack Welch, a foremost authority on increasing an organization's value, has said, "I believe the desire and ability of an organization to continuously learn from any source anywhere, and rapidly convert this learning into action, is its ultimate competitive advantage."
E-learning can translate this concept into a competitive advantage for your company.
- Organizational learning accelerates by breaking down the time and space barriers of traditional training.
- Training expenses are reduced by more than 50%, by eliminating many of the expenses of traditional training such as travel, hotels, meals, training rooms, and instructors.
- Earnings are boosted by reducing time-to-market for new products.
- New hires quickly become productive employees.
- Streamlined organizational changes are implemented easily in response to market forces or economic downturns.
- Personnel reductions and retraining becomes manageable without reducing production or quality assurance.
In addition to increasing bottom line dollars, the overall value of any organization is greatly increased in less tangible, but no less important ways:
- Employee performance is enhanced by continual reinforcement of learning and immediate attention to competency gaps.
- E-learning extends the reach of current training programs through entire supply chains, from vendors to clients, leading to higher customer satisfaction.
- Training time decreases, and effectiveness increases, when people have access to the knowledge they need, when they need it.
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