Return on Expectation v Return on investment in Management Development Dissertation

Return on Expectation v Return on investment in Management Development Training - Dissertation Example The approach to address the demands of repeatability, rigor and uniqueness has two important features (McLinden & Trochim, 1998, p.1). Firstly it requires obtaining a preponderance of such evidences which demonstrates that expectations for the program impact originally leading towards the investments were met. Secondly it must also provide evidence with substantial methodological vigour for withstanding the scrutiny. In pursuing this approach, the evaluation paradigm is shifted to a ‘legal’ framework. Under the framework, if the conclusion arrived at is such that training adds value then the evidence used is required to be persuasive (McLinden & Trochim, 1998, p.1). This evidentiary standard is considered enough to reach a clear and reasonable conclusion regarding value of the program (McLinden & Trochim, 1998, p.1). ... ows that the program has achieved the three Cs, Correspondence Consistency Consensus (Wildermuth & Gray, 2005, p.66) Assessment of the value begins with the assessment of the outcomes that are expected from the program. Expectations might arise from the stakeholders who have different beliefs about the impacts of the programs (Wildermuth & Gray, 2005, p.66). The executives might be concerned about the strategic issues like the effectiveness of the programs during changes in market conditions, while those building the training modules would be concerned with the tactical details like whether group activities would be most effective in conveying the content (Wildermuth & Gray, 2005, p.66). The need for realising the expectations and measuring them was realised when trainers were unable to define the outcomes that stakeholders expected in measurable terms (Kirkpatrick, 2009, p.184). Given the multiple views which exists and differ from each other, defining values necessarily means popul ating the expectations of impacts with multiple perspectives. For the development of the training programs the multiple perspectives includes project managers, content experts, instructional designers and other stakeholders. Successful measurement of value includes integrating the diverse expectations into a single consensus about which the program seeks to achieve (McLinden & Trochim, 1998, p.2). On the other hand the Return on Investment (ROI) on training is considered to be primary tool for the forecasting and evaluation of the benefits of training programs and for conducting of the ROI analysis. The topic has emerged as the most popular concept in HRD conferences and other conventional agenda in organisations (Phillips, 2003, p.9). Pressure from the senior managers and clients has

Business Support System Research Paper Example | Topics and Well Written Essays - 750 words

Business Support System - Research Paper Example Marketers are able to communicate to their target market by use of appropriate, interesting and real ways that customers are elated about and also that entertain them thus persuading them to respond to the offer in the market. This way, promotional programs that are more appealing can be devised that ultimately elicit encouraging returns. This is the reason why marketers would go for augmented reality as it suits and allows smarter interaction with the immediate environment. Augmented reality has come in handy in real estate since by use of technology someone can locate a house for sale by the use of a phone. This is very practical and saves a lot of time since there is no need of searching for that information manually. Augmented reality has even some more applications in the real world. For example technology can be embraced to derive a way through which a customer can be permitted to visualize the contents of a product without having to actually open it. This will therefore motiva te customers who in turn will be tempted to try the product leading to possible impulse buying. Engineers can utilize augmented reality to have a taste of their products operation even before the actual launch something that will give room for more improvement on the product before the buyers use it. Case Study Two The general trend in the market seemed to nose dive leading to uncertainty in almost all other sectors the economy. The prevailing market conditions in 2010 triggered the downward trend of activities in the investment arena (Alison, 2008). The aspect of the debt that European held also had an immense influence on the way investors made their ultimate decision regarding their patterns of investing. The confidence of investors was also ruined by the fact that no one had the surety that Greece could be in a position to settle its debts something that everyone was looking up to. All these uncertainties led to the stagnation of the economy thus leading to the collapse of figur es of many industries that are the economic engines of the country. These events are the precedents of the flash crash that took place shortly after. The benefits of electronic trading are explicit in the market even today. These have far reaching advantages compared to brokers who are basically human. In the electronic trading for example, trading activities are done with accurate speed hence reliability and effectiveness is guaranteed. Moreover, brokers and other concerned agents tend to charge exorbitant fees to deliver on some activities something that may cripple the entire process. Therefore the electronic trading system comes in handy due to its reduced costs involved that help increase on the returns. The other hand efficiency is guaranteed by this system since buyers and sellers can be satisfactorily matched. There are some factors related to the electronic trading programs that contributed to the crash. This is a very unfortunate occurrence since a lot of utility was expec ted to be derived from these systems. There was a total imbalance and distortion of prices as their execution would be done with no regard to any price or time thus as selling continued prices dropped sharply. The effect of this is that what is there on offer to the market has to be sold aggressively to counteract bad prices that could bring huge losses. All these complicated processes frighten