Online Schools Information

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 26 May 2009

Financial Investment

Posted on 06:19 by Unknown

Should learning organizations make a financial investment in new forms of learning?

A fantastic comment by Bill Brantley on my post Metalearning:

Before you start defining metalearning, you need definitions for:

  1. formal learning
  2. informal learning
  3. social learning
  4. collaborative learning
  5. personal learning

that are more than just marketing buzzwords.

What is the difference between these five concepts? What are the strengths and weaknesses with each? How does one know when they are practicing one form or another?

Before you start shutting down training departments, hiring Chief Learning Officers, and coining an umbrella term for different learning methods, you need to establish what you are actually talking about and why it is preferred over other methods. And you need to back this up with some empirical data.

I would love to have a discussion with him because I think he's missing the point about the importance of metalearning and metacognition and their implications on learning organizations. 

Important Challenge

That said, he's expressing a really important challenge.  Before a learning organization recommends to make a financial investment in any of these methods, they really want to know:

  • What is it?
  • What will it cost and what's the expected return?

When you look at various training methods such as classroom instruction, virtual classroom, courseware, online reference, performance support tools, they all have fairly well understood size, shape, characteristics.  There's enough body of knowledge, history and expectation that you can safely propose financial investment by a learning organization in these methods.  Yes, your budget is being cut, but it's way safer to propose on-going financial investment in a tried and true method than it is to propose shifting budget to new methods. 

In Corporate Training, I suggested what might happen if you shifted budget right now without having a solid backup as wonderfully explained by Dilbert:

Dilbert.com

 

If we want to really change where learning organizations spend time and dollars, the key ingredient is to help get more concrete about these terms and to be concrete about financial investment proposals.

Not a Short Answer

I wish there were a set of business cases that we could point to that would exemplify what a VP Learning/CLO should be presenting to their executive team.  Why not?

It's partly that these kinds of solutions are highly fragmented.  Look at the breadth of Examples of eLearning 2.0.  Add to it all the investment that could go along with Tool Set and Work Literacy. 

What should a VP Learning / CLO present to the executive team?

 

Related:

  • The Paradox of Informal Learning (Form of Informal?)
  • Informal Learning is Too Important to Leave to Chance
  • More on the Form of Informal
  • Formalizing and Investing in Informal Learning
  • Numbers Behind Informal and Formal Learning
  • Internet Time Blog: ROI is toast. Use EVA instead.
  • ROI and Metrics in eLearning
Email ThisBlogThis!Share to XShare to Facebook
Posted in | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • How to Download YouTube Videos
    I needed to figure out how to download YouTube videos for an upcoming conference presentation where I wasn't confident that I would be a...
  • How Khan Academy Nike Training Club and SparkPeople Motivate Users Behavior
    I mentioned in my post Online Systems for Behavior Change that I'm working on a very interesting project that is designed to lead to so...
  • Blogs, Social Networks and LinkedIn Answers
    I received a great question from someone relative to my last post - Required Reading for Training Managers where I continue to suggest the ...
  • eLearning Conferences 2013
    Clayton R. Wright has done his 28th version of his amazing list of conferences again this year. Past years eLearning Conferences 2012 , eL...
  • Collaboration Tools
    As I mentioned in Real-Time Collaborative Editing , I had a fantastic experience participating in group editing of a Mind Map of collaborat...
  • eLearning Learning Launched
    I'm happy to announce the launch of eLearning Learning . This is the beginning of a community portal where the community will help to c...
  • Video and Screencast Styles for Corporate Training?
    I'd like to get help identifying examples of videos and screencasts that show different styles. I'm hoping people can help me colle...
  • Video Ratings
    I received a question today and thought I'd ask blog readers if they can help with answers. The question comes from a blog reader who c...
  • eLearning Conferences 2011 Updated
    May 18 2011 - Updated conferences with new list for June - December 2011 (and beyond). Clayton R. Wright has done his amazing list of conf...
  • Blog Learning
    Something I (probably too often) talk about is learning via a blog. It certainly is a great lens to have in viewing the world. It puts you...

Blog Archive

  • ►  2012 (6)
    • ►  November (2)
    • ►  October (1)
    • ►  September (1)
    • ►  June (1)
    • ►  January (1)
  • ►  2011 (15)
    • ►  November (1)
    • ►  October (1)
    • ►  August (1)
    • ►  June (1)
    • ►  April (2)
    • ►  March (2)
    • ►  February (5)
    • ►  January (2)
  • ►  2010 (58)
    • ►  December (1)
    • ►  November (4)
    • ►  October (5)
    • ►  September (2)
    • ►  August (6)
    • ►  July (4)
    • ►  June (5)
    • ►  May (5)
    • ►  April (4)
    • ►  March (5)
    • ►  February (7)
    • ►  January (10)
  • ▼  2009 (223)
    • ►  December (10)
    • ►  November (14)
    • ►  October (14)
    • ►  September (16)
    • ►  August (12)
    • ►  July (16)
    • ►  June (22)
    • ▼  May (20)
      • Capture Examples
      • Text to Speech
      • eLearning - Social Media - Mobile Learning
      • Financial Investment
      • Metalearning
      • Twitter TechSmith LinkedIn Learning Strategy
      • Learning, Extended Brain and Topic Hubs
      • Twitter and Webinars
      • Online Coaching
      • Desire2Learn Mobile FLV - eLearning from Last Week
      • Email Address Bias
      • Informal Learning Technology
      • Profile Photos
      • Learning Outcomes
      • eLearning Tour
      • Social Network Analysis - Twitter - Social Media -...
      • Profile Photo
      • New Way of Learning
      • Improved Learning or Business Benefits
      • Call for eLearning Demonstrations
    • ►  April (22)
    • ►  March (23)
    • ►  February (28)
    • ►  January (26)
  • ►  2008 (197)
    • ►  December (26)
    • ►  November (27)
    • ►  October (17)
    • ►  September (18)
    • ►  August (8)
    • ►  July (16)
    • ►  June (23)
    • ►  May (18)
    • ►  April (12)
    • ►  March (17)
    • ►  February (15)
Powered by Blogger.

About Me

Unknown
View my complete profile