The following is an excerpt from a white paper from UNC Executive Development. By Stan Ahalt, director of the Renaissance Computing Institue (RENCI) and Kip Kelly, director of UNC Executive Development Big data—the massive amounts of information companies collect through web crawlers, social media feeds, server logs, customer service databases, and other sources—is quickly becoming big business in today’s competitive marketplace, and if business leaders haven’t added big data to their strategic agendas yet, they will be compelled to in the near future. Few organizations, however, have the talent with the expertise needed to collect, organize, and analyze the data and to provide meaningful insights. Even fewer organizations have business leaders with the knowledge and experience needed to create value from Read More
Tag Archives: human resources
How to make the business case for learning and development
Creating a strong business case for learning and development (L&D) initiatives shouldn’t happen after they occur. Business leaders should calculate the ROI for training and development activities during the planning stage and tie these activities to the organization’s strategic plan. “Unfortunately, the ROI of L&D activities are calculated after the fact about 90 percent of the time,” reports Susan Palmer, program director for Executive Development at UNC’s Kenan-Flagler Business School. “You wouldn’t invest in a new product or service without evaluating its place in your organization’s long-term strategy or estimating its ROI. L&D activities should be no exception,” notes Palmer. The following steps can be used to align L&D activities to your organization’s strategic plan and calculate their ROI: 1. Read More