Investing in Training in Tough Economic Times

Whenever the economy goes south. Things get scary. The natural tendency is to hunker down, batten down the hatches and wait out the storm. However, tough times also represent an opportunity, especially when it comes to product development. In a white paper I recently wrote, I looked at whether investment in improving work practices is worth the investment during such times. Here’s a quick outtake.

Ultimately, work practices affect how effective and efficient they are in a role. The quality of these practices directly impacts the productivity of the entire organization. Of course, practices can vary dramatically, some are good and some are bad. Organizations can invest in an effort to improve those practices. However, with cost controls often tight, organizational leaders face a difficult question: is such an investment worth it?

The Author:

Chad Jackson, the Principal Analyst of Lifecycle Insights, is a recognized authority on technologies that enable engineering, including CAD, simulation, PDM and PLM. He researches, publishes, blogs and speaks on how engineering leverages these technologies to improve their design and development processes. You can find his full profile here.




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