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Learning at the Speed of Business

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Presentation on theme: "Learning at the Speed of Business"— Presentation transcript:

1 Learning at the Speed of Business
Thank you very much for this. Could you make one more revision for me, please? Page 2 is a very text-heavy page and I'd like to build in some animation to make it easier for the presenter & audience to digest each point. I've added boxes around groupings of text in this updated version attached (v2). Could you please animate each box & the text in each to fly in from the right? So, the first animation would fly in from the right the first 3 bullet points and the box around it, the 2nd animation would fly in the next 3 bullet points and the box around it, and the 3rd animation would fly in the final 3 bullet points and the box around it. Text Learning at the Speed of Business Orlando | November 2016

2 Learning strategy framework
Business Strategy Learning Culture Developing People Capabilities Talent / People Strategy Learning Strategy Performance Indicators: how well has the learning strategy been executed? A Strategic alignment with Business Objectives B Effectiveness of Learning Solutions C Efficiency of Learning Solutions The burning platform for learning strategy in many organization: Fast changing business environment Changing economic landscape (countries with low and high economic growth) Disruptive technologies Upcoming and Emerging markets Heating up competition Shorter Shelf life of products/services Drive need for Innovation (CEO’s cited creativity as the most important leadership quality over the next 5 years) Innovation and implementation of a business strategy happens through ‘people capabilities. Competitiveness is all about talent! (Know from Google, Apple, etc..) Learning Strategy is about 2 things: Learning Culture (Concept of Learning Organization is back on the table for many organizations) People capabilities Alignment with the business: Example Assessment Questions Do the learning solutions support the business strategy? Have the learning solutions been prioritized to match business priorities? Do learning interventions enhance the ‘learning culture’? Effectiveness: The extent to which the learning investment builds critical people capabilities for the organization. Are the right learning modalities chosen to support the learning needs? Do the learning solutions support the unique learning needs of a diverse (and global) audience? Do the learning solutions enhance people performance and have an impact on the business? Efficiency: The extent to which the learning investments have been well-used economically to achieve its goals. What is the % of digital learning hours as part of total formal learning hours? How is informal learning encouraged and supported? To what extent are curricula and vendors optimized? Does the organization use centralized learning technology platforms? People engagement: The extent to which the effectiveness and efficiency of the learning investments support the attraction, development, and retention of people. Business Excellence Learning Excellence Operational Excellence SOURCE: Next Learning Unwrapped, Nick van Dam, 2012

3 Key outcomes of our research
Globally, half of executives rate capability building as one of their companies' top-three priorities Only 59% of the respondents tell us that they are effective at assessing capability levels and identifying gaps Only a third (35%) of respondents indicate a high level of integration of L&D activities with other talent management processes and 27% use competency models always In half of the respondent organizations, employees spent up to 30 hours learning in the last 12 months – 66% expect the spend to increase the number of learning hours in the future Most respondent organizations spent less than $ 1,000 per employee on learning and development; 62% expects this spend to go up with at least 5% There is much potential to improve impact insights from learning programs: only 10% of the respondents measure impact on business The effectiveness and efficiency of the corporate academy learning programs is mostly assessed by their relevance to business objectives, effectiveness and use of learning solutions Digitization, innovation of learning design and solutions are expected to change the learning landscape most in the three years to come Blended learning, Mobile learning and informal learning are expected to be the most important trends for learning delivery in the next three years SOURCE: Learning at the Speed of Business, McKinsey Quarterly, May 2016

4 Future of learning: 90/10 approach
10% Formal Learning 90% Informal Learning Social Learning Physical Classroom Social Networking & Expert directories Micro-sharing & Tweet Chats Interactive video eMentoring Feedback Innovation and crowdsourcing Virtual Classroom & Webinars Live Virtual Classroom Gaming & simulations Online communities Co-Create with Wiki’s Publish Blogs Video Blogs + On-Demand Learning Digital Course Audio and eBooks Performance Support Learning apps Learning Videos MOOCS & Digital Courses Virtual Reality Career Learning SPOC & MOOC Career Moves & Assignments Shadowing Others Projects Real-Time Feedback Coaching & Mentoring Buddy System Learning Exchange Planned Learning Spontaneous Learning On-The-Job SOURCE: Next Learning Unwrapped (Revised), Nick van Dam, 2016

5 Learning at the speed of business: 4 key components
Cloud-based learning that is mobile and multiplatform Physical separation from the daily grind to develop new skills and behavior Mobile platforms for learning at your fingertips In-person classroom experiences that are high impact and immersive The corporate academy of the future Workplace learning that is core to a company's culture Analytics for learning to enhance performance and measure impact A culture of social learning, real-time feedback, sharing, and networking Use of big data and predictive analytics to improve learning continually

6 The Commons: Creating in-person classroom experiences that are high impact and immersive


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