The Business of Training

When doing a Cost Benefit Analysis for training and education programs there are many factors that result in benefits and economic returns.  Some of them are: Labor Process efficiency Sales Management Time-to-fix Vendor costs Up-time Marketing costs Delivery efficiency Headcount Competitive advantage Market share OSHA  (USA or local equivalent) - work safety agency EPA (USA or local equivalent) - environmental protection agency Where are the benefits in each of these? LABOR - Typically there are efficiency improvements.  Do job better,quicker, less headcount. PROCESS EFFICIENCY - Same here; more product, less waste, quicker change-over, quicker start-ups, etc. SALES - more, higher margin, new market, customer satisfaction MANAGEMENT - fewer, can do more, better direction VENDOR COSTS - reduced through close project management, purchasing supply management better prepared DELIVERY EFFICIENCY - could be in terms of delivery type chosen (e-learn...

Your mission is the nuts and bolts of your vision. A mission statement concerns what an organization is all about. It answers three questions: What do we do? For whom do we do it? What is the benefit? A mission statement gives the overall purpose of an organization, while a vision statement describes a picture of the desired future. Your mission statement explains what you do, for whom, and what is the benefit. The vision statement describes how the future will look if the you achieve your mission! An example: "We build the finest, castles for the world's billionaires. Our castles are Eco-friendly, made out of all natural materials and meet all local energy conservation standards. We strive to maximize our client's value as much as possible taking into account future threats." An example for a training organization: "Building an organization that is easy to do business with, providing single source solutions for product and personnel training....

Vision statements can be a few words or a paragraph. It is advisable to keep the statement as short as possible so everyone in the organization can internalize it. This is perhaps the most significant statement a management team can make to inspire everyone to stay true to the company's identity. This can also apply to a division, a team, a department, etc. Vision statements apply equally to companies, government entities and non-profits, as well as, individuals. "Blue skying it" is important. Your vision is an idealized state for your training organization. It is the view of what you want for the future and encompasses your mission, values, goals, and objectives. It is what the organization wants to become. If possible, try to summarize your vision using a powerful phrase in the first paragraph of your vision statement. This will enhance the effectiveness of your vision statement. Vision statements also define the organizations purpose in terms of the organ...