In the most recent decades, technological and economic forces have changed the U.S. financial system from a manufacture-based economy to a service based financial system. The latest financial system puts a premium on intellectual capital and lifetime learning which has become a fundamental.
E-learning as a Weapon
Workforce now has to process more information in a short period of time. New services and products are rising with accelerate speed. As the cycles of production and life of the products go on with to shorten, information as well as training which is quickly become outdated. The Training managers feel the importance to deliver skills and knowledge quickly and efficiently at anytime, anywhere. In the era of just-in-time, just in time training becomes a critical element to organizational success.
Companies now view education increasingly as a competitive weapon more willingly than an annoying expenditure factor. The Business success increasingly depends on the performance of high-quality employees, which in turn requires a quality education. Corporate executives are beginning to understand that skills development is key to creating a sustainable competitive advantage.
E-learning for the rescue
But for global organizations, classroom training is cumbersome and costly. Even if staff had the time to be present at all courses and seminars and read all the books and reports which required current staying in their region of work, learning the cost would be prohibitive. The need to change how organizations discover points to a more efficient, modern and flexible option: e-learning. The mission of the commercial e-learning is the source of the work force with an updated and cost-effective program that yields motivated, expert as well as loyal knowledge workers.