Josh,
Welcome to the February issue of the Bersin & Associates "What
Works" e-learning newsletter. As we look forward to the year
ahead, we're bullish on the e-learning industry and prospects
for growth. We look forward to sharing our research and insights
with you.
| The
Training Investment Model |
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One of the biggest strategic decisions you must make as a
training executive or manager is where to invest your limited
dollars. If you focus your limited resources on the wrong
programs, you will sub-optimize your training investments.
And with training budgets falling approximately 6% in 2003
(Source: Training Magazine and ASTD),
you're under even more pressure to prioritize your investments.
One large line item in the typical training budget is content.
In 2003 the total investment in training content was approximately
$9.14 billion. This huge investment breaks down into approximately
40% custom content and 60% off-the-shelf content. Given
this huge investment in content, how do training organizations
decide which programs to fund?
We have found over the past few years that there is a "winning"
approach. We call this approach the Training Investment
Model. It is an approach that borrows concepts from
portfolio management of financial investments. It's easy
to understand and implement, and flexible enough to apply
to many industries and company sizes.
The model is very simple. You look at all of your training
programs for the year and allocate them into four quadrants,
as follows...
Click
here to learn more about our Investment Model... »
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| E-Learning
in Leadership Training |
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Leadership training is a business-critical investment for
the long-term success of corporate and government organizations.
Leadership training establishes culture and sets in place
the management processes for growth, quality, and company
leadership.
Effective leadership training needs to be very high-touch,
so that participants can practice and apply people-oriented
soft skills. Consequently, companies face problems in scale,
speed, and cost. Leaders are busy people and are often spread
all over the globe. How can e-learning be applied effectively
to this high-touch problem?
We are wrapping up a research project to determine the
answer to this question -- details of which will be published
in our upcoming industry report: E-Learning in Leadership
Training: What WorksTM. We interviewed 10
large organizations that are successfully using technology
in their leadership programs. Companies who participated
in this study include Amazon.com, the NBA, Exult, FBI, Aventis,
CNA Insurance, and E*Trade.
We discovered a variety of creative ways that technology
is being used to add value to the training process while
still providing the interactivity, collaboration, and team
building that is required to succeed. A few of our findings
include:
- Blended formats are popular.
Leadership training for senior and middle managers in
most organizations uses a blended format of online and
off-line instruction. Enhancing leadership programs with
online instruction has enabled organizations to reduce
the overall time investment on the part of learners -
anywhere from 50-60% on average - while still retaining
acceptable levels of satisfactory learner feedback. In
the report we detail the blending models we found.
- Blended does not imply "classroom plus."
Online communities and collaboration are alive and well!
Some organizations are using programs that are exclusively
conducted virtually. In this format, participants take
online courses that are augmented with online collaborate
sessions, conference calls, or virtual collaborative exercises.
We found several collaboration techniques in use including
a virtual classroom system (e.g. Webex), an online collaboration
tool from Q2Learning, and conference calls.
- A new category of "Premium E-Learning" has emerged
for leadership training.
In general, research participants indicated that using
video, interaction, creative story lines, exercises, and
recognized management experts are required for successful
online leadership training. We believe the content market
has split into two categories for leadership and management
training: "Traditional E-Learning" and "Premium E- Learning."
The report details the differences and when to use each.
Click
here for the full article... » |
| Rapid
E-Learning Study Underway |
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Does your organization need to deliver training within weeks
of receiving a training request? More and more frequently,
business situations require that knowledge and skills be transferred
to employees, suppliers, partners, and even customers within
weeks of major company events. These events may include an
acquisition of a company, a product launch, a ruling on a
lawsuit and many more.
Rapid E-Learning is the answer for time sensitive issues,
where the need is urgent and there is very limited time
and budget for development. Rapid E-Learning programs have
the following characteristics:
- Can be authored within 1-2 weeks of problem identification.
- Do not need Web developers or expertise in Web development
tools.
- Often rely on PowerPoint or other commonly used applications
to import content.
- SME's can author them with a small amount of training.
- Typically include "light" assessments, not to the performance
level.
- Typically cost less than $2K per instructional hour.
- May be synchronous (scheduled) or asynchronous (self-paced),
or may be part of a blended approach.
- Can be instructionally sound, rather than just being
presentations.
If you organization is developing training that meets these
criteria, we want to hear from you!! We are conducting
the first major industry study on the topic of Rapid E-Learning
development. This study will identify when this approach
is being used, commonly used Rapid E-Learning tools, and
what practitioners like you have found to be the critical
success factors. The results will be published on in a future
edition of this newsletter, as well as on our Web site.
Click
here to participate in this study.... » |
| Welcome
John Gilfaldi, Strategic Accounts Manager |
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With over 17 years in the training industry John brings a
wealth of knowledge to Bersin & Associates as our new Strategic
Accounts Manager. John's role is to help you get the most
out of your relationship with Bersin & Associates.
John was a pioneer in multimedia CBT development when he
worked for Learning Tree International as Director of CBT,
where his biggest challenge was coming up with a creative,
fun way to teach IT courses in the early days of e-learning.
At Infotec Training, John led a team of custom developers
who were skilled in CBT, web-based training, distance learning
and e-learning. His team developed an e-learning content
development methodology that was adopted by Lotus (much
of which is still being used today). He managed the online
school for Infotec and was also on the design and review
team for WorldTrak, one of the first LMS's.
When asked to join Lotus on the Academic Sales Team, John
jumped at the opportunity to work in the academic environment
where he helped develop e- learning strategies for universities
across the country. He then changed positions to IBM where
he was involved with the IBM for e-business Certification
Program. In that role he led the global marketing and communications
efforts for e-business certification. One of his most notable
accomplishments was being invited to China to meet the Ministry
of Education resulting in over 30 universities across the
country adding IBM technology to their teaching curriculum.
Being well versed in all areas of e-learning, John can
be of great assistance to our clients. Don't hesitate to
contact him to discuss your training objectives.
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| What's
New |
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Josh Bersin recently chaired a panel of LMS executives discussing
the current and future state of the LMS market. It was an
action-packed interchange among five key vendors. Learn more.
Last month we published our 2004 Predictions
for the
E-Learning Industry, describing the trends and events
we see for the coming year in the e-learning market. We
welcome your comments or your own predictions. More
about us... |
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