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e-Learning in the new economy

Part 2: The new economy

Apart from the basic need to ensure that companies have a skilled and highly motivated workforce, there are a number of external factors that mean that new learning technologies and techniques can be applied to support key aspects of the wider business strategy.

In today’s internet-enabled global economy, the need to react to changing market conditions and opportunities has never been more important. In this climate it becomes a top business priority for organisations to ensure that they can communicate market-sensitive and performance-sensitive information to their entire workforce as quickly as possible.

The company that reacts second to a shift in market conditions is at an immediate disadvantage over its rival that is able to respond first. There is considerable competitive advantage to be had by having a collaborative information and knowledge delivery and exchange infrastructure in place that enables vital corporate and market data to be disseminated to and absorbed by all relevant employees wherever they are in the organisation or around the globe.

Beyond that there is also the growing need to ensure compliance with fiscal and market regulations. In the post-Enron climate, regulatory authorities are becoming tougher and tougher in their assessment of organisations’ adherence to the corporate governance that is imposed on their industry sectors. Certain industries - such as the pharmaceuticals and financial services sectors - are already accustomed to this level of scrutiny, but the need to meet the corporate governance regulations of not only industries, but local geographic markets is now a top concern for all organisations.

It is vital to the continuity of performance of any organisation that its senior management can rest assured that its workforce is fully up to speed on all regulatory requirements. The implementation of a technology enabled learning infrastructure can a vital weapon in ensuring that the necessary corporate governance awareness and knowledge has been made available to all concerned parties.

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© 2004 Centra Software. Reproduced with permission. Any opinions or views contained in this article are solely those of the author and do not necessarily represent those of Training Reference.

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