The importance of developing and employing strategic business and HR practices has been underscored by the current economic tailspin.
Forced to pinch pennies in such a dismal economy, however, has apparently resulted in companies forgoing costly, intensive executive-education programs offered by business schools.
Companies are more closely managing all costs in an attempt to weather the current economic storm, and executive education is one of the variable costs that can be managed, says Dave Ulrich, professor of business at the Ross School of Business at the University of Michigan.
Given the current economic conditions, such a decision is only natural, says Peter Cappelli, director of the Center for Human Resources at the University of Pennsylvania’s Wharton School.
There are essentially two types of executive-education programs, Cappelli says.
Learn what the two types of programs are.