Educational Development Theory --- Education as an Investment
Education is an investment for companies. Investments are expensive. Since you are going to invest at a cost, you need to think about when and how you will recover the cost of your investment. It can be said that it was a meaningful education for the company only when the investment cost can be recovered. Managers should understand the cost and recovery of their own education and strive to improve it.
How much money should companies spend on education as an investment? When considering education as an investment and how much you should spend on it, it is important to understand as much as possible about its risks and returns. You cannot invest without knowing the risks and returns.
When and how will the funds invested in education be recouped? Is it possible to recoup the money invested in education?
Of course you can collect it. On the contrary, immediately after educating, you can continue to collect in the future. However, in order to do so, you must know "how" to retrieve them.
Once the education is implemented, it's time to check its cost-effectiveness. It is the basis of management to firmly confirm how effective the education that has been implemented at cost is.
Only when we can confirm the cost-effectiveness, we can work on improving the investment method. It's good for management to get a big effect with a small cost. However, if you focus only on cutting costs, you will miss a big effect.
Should training be provided by training instructors in-house, or should instructors be invited from outside the company? Whether education should be in-house or outsourced is an issue that should be handled with great care. Both in-house production and outsourcing have advantages and disadvantages. If possible, it would be a good idea to assemble an education plan while comparing in-house production and outsourcing.
Managers should start educational reform as an investment. Educational reform is essential in order to dramatically strengthen the competitiveness of companies and to acquire advanced and powerful business styles. By not only reviewing education from an investment perspective, but also thoroughly reforming it, we can find a breakthrough that will change the business itself. Educational reform is also important for transforming management and corporate structures. Management must think carefully about how to promote educational reform.
For managers, education is an important issue that cannot be overlooked. Education will become more and more important in business in the future. Business education has three main purposes. One is to acquire necessary knowledge. One is to develop the ability to think. And one is to acquire the ability to execute. We can expect the effect of education only when we can acquire knowledge, thinking ability, and ability to act.
There are several methods of education. One way is to have a teacher and teach the students. One is a method where there is no teacher and only assignments are given to the students to think and act on their own or in teams. One method is to designate someone as a teacher, have someone teach, and give 'awareness' through that 'teaching'. Because teaching is also learning at the same time.
Today, the means of education are also diversified. The nature of education changes depending on the means of education, such as text-based education, role-play education, OJT, video-based education, free assignment and report-based education, and game-based education. In order to realize more effective and efficient education, it is quite important to choose the means of education.
In-house education will be fixed as it is. A fixed education system runs the risk of becoming obsolete and ultimately becoming a detriment to businesses. To make education effective in business, it is important to continue to develop it. First of all, it is important not to fix education, but to continue to improve it, and to create a better education by incorporating a wide variety of ideas and harmonizing them.
Education sometimes needs revision. There are three main things that need to be modified in education. One is that the education itself is wrong, one is that the education is imbalanced and likely to lead to wrong thinking, and one is that the business is not doing well on the basis of that education. . Any modification of education must be carefully examined to ensure that the modification itself does not become a deterioration.
For business development, it is important for managers to confirm the effectiveness of education and make efforts to improve it. The educational effect spreads to various people such as companies, customers, rivals, local people, and suppliers. In addition, the effects are not limited to short-term effects, but there are also effects that will finally come out in the medium and long term. There may be some side effects that employers do not want. In order to improve education, it is important to accurately confirm their effects as widely as possible.
To teach is to learn at the same time. Being able to do something and being able to teach something are two different skills. Just because you can do something doesn't mean you can teach it to others. Teaching requires taking what you've done so far and putting it together in a way that others can understand how it can be done. By constructing a way of teaching something, you can relearn the essence of that thing.
Education is an investment for companies. Investments are expensive. Since you are going to invest at a cost, you need to think about when and how you will recover the cost of your investment. It can be said that it was a meaningful education for the company only when the investment cost can be recovered. Managers should understand the cost and recovery of their own education and strive to improve it.
There are various educational businesses in the world. Education is a business, not only in exam prep schools, but also in languages, qualifications, business schools, etc. For managers, it is effective to make good use of the education business and use it for the education of company members. However, a reputable education in a well-known education business may not always work for your corporate business.
Education brings many benefits. If you can know what kind of education you can get and what kind of results you can get, you can see what kind of education you should emphasize. In order to implement better education, it is important to grasp the results of the current education. If you do not understand the results of education or misunderstand it, you may continue the wrong education or stop the necessary education.
The development of education and the development of business go hand in hand. Companies are keen on education to gain a competitive edge and succeed in the market. The development of education in companies is linked to the development of companies. Companies that neglect education are left behind. In order to develop as a company, it is important to develop education.
Education does not only bring benefits and results. In some cases, it may bring undesirable effects to the company. Educating your employees can be detrimental. Also, in some cases, people who have received some kind of education join a company, and their thoughts and actions may interfere with corporate activities. Managers are required to think about the harmful effects of education and their countermeasures.
Education poses many problems for companies. The cost and time required for education can be an issue. Friction may arise between those who are educated and those who are not. Attempts to change the way work is done through education can actually lead to poor business performance. You should not let problems arise even though you have gone to great lengths to educate them. Companies must strive to address and prevent problems through education.
Education can deteriorate over time. There are cases where employees have doubts about degraded education, but continue to receive it. Some of them continue to take the education in silence, even though they know it won't work in practice. The fact that good results are not achieved even if you go to great lengths to educate may be due to the constitution of the organization that keeps education degraded.
Education needs speed. In order to implement speedy education, it is necessary to set up a plan and build an educational curriculum that eliminates waste. But it's not just about being fast. Education should neither be too fast nor too slow. Businesses are required to provide timely, effective, and efficient education to those who need it.
The introduction of the PDCA cycle is effective in implementing better education. By repeating P (planning), D (doing), C (checking), and A (action), the content of education itself can be improved or reformed. Especially for companies, we aim to improve and reform by verifying the results of the education we are implementing and considering the actions that should be taken from there.
