The research contained in this report focused on whether business education is a problem or a solution for organizations in all areas of industry. Various areas were investigated in order to arrive at a conclusion. These areas included the current organizational attitudes towards business education, statistics with regards to expenditures for education, benefits to both the organization and the employee, and lastly, various studies on organizational return on investment. The research yielded overwhelming evidence that most organizations view business education as a solution to help the organization remain financially strong and competitive. No viable evidence was found to the contrary. Most companies are increasing education expenditures or are in the process of establishing training budgets to prepare for the future.
Business Education: Problem or Solution.
In today's global economy competition rules the day. The overall health of an organization is reflected in whether they are leading the competition or managing to stay afloat against the competition. Organizations assemble management teams or focus groups to search out new and innovative ways to stay competitive. Some organizations search for that competitive edge not leaving any stone unturned. Others perform this same search with preconceived solutions. Business education for example, is many times discarded as a problem or cost instead of being viewed as a solution in helping an organization stay competitive. All organizations must make a profit in order to stay alive and thriving in this global competitive market. Therefore, will the CEO and stakeholders view business education as a problem or as a solution for the organization?.
In recent years many organizations have begun to take a serious look at providing advanced education for their employees as one way to reach that much sought after competitive edge. Many organizations are now viewing business education as a must.