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Using Information, Metrics and Developing Business Cases for L&D

Loon, Mark (2016) Using Information, Metrics and Developing Business Cases for L&D. In: Professional Practice in Learning and Development: How to Design and Deliver Plans for the Workplace. Kogan Page, London, pp. 104-150. ISBN Paperback 9780749477424

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Abstract

The second theme of this book concerns L&D’s ‘Contributions’, specifically how L&D professionals articulate, communicate and demonstrate value that it brings to the organization. Specifically, Chapter 3, titled ‘Using information, metrics and developing business cases for L&D’, discusses how L&D professionals can do this using the business case as a vehicle. The business case is a tool that L&D professionals can use to show how new L&D initiatives can benefit the organization and its stakeholders. The value of such benefit can be ‘articulated’ quantitatively and qualitatively. Chapter 3 adopts a holistic approach in developing a business case. L&D professionals must be competently knowledgeable about accounting and finance but without the need to be experts – as their expertise lies in L&D. Therefore to successfully complete a business case, L&D professionals need to form teams comprising the right members (depending on what the business case is about). The political realities that are associated with the development of a business case can be important considerations. How well L&D is able to ‘sell’ a business case depends on how well it is framed, usually either as a problem or opportunity. We then discuss the information, data and metrics required to build a typical business case, specifically in terms of identifying the benefits and costs. The chapter concludes with some suggestions on how the findings from the business case can be presented in infographics-inspired form.

Item Type: Book Section
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Uncontrolled Keywords: information metrics, business cases, Learning & Development, L & D, Learning and Development professionals
Subjects: A General Works > AS Academies and learned societies (General)
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Academic Departments > Worcester Business School
Related URLs:
Depositing User: Mark Loon
Date Deposited: 15 Jul 2016 10:41
Last Modified: 08 Nov 2016 12:40
URI: https://eprints.worc.ac.uk/id/eprint/4668

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