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Extreme competition in the job markets has facilitated several programs in the global environment. Changes are very frequent nowadays; therefore sustenance of employees and professionals is becoming increasingly difficult in a transformed work environment. It has been observed that, the work environment constantly paced with several challenges, had created a fluid environment. Therefore, professionals are expected to broaden their perspectives in the constantly changing environment in order to sustain. Evolution of executive learning programs has thus become a necessity amongst the modern professionals which is expected to strengthen their ‘Executive Core Qualifications’. They should be able to make much informed decisions and simultaneously devise innovative solutions to the business problems.
Thus, executive education had gradually shaped up as an evolving system which has been identified to be absolutely tailor-made. Trainings are exclusively skill based and when imparted, such programs are expected to deliver specific learning outcomes suited to the requirements of the work environment.
As per observations of experts, it has been found that several organizations in India or abroad are extremely keen to start of executive learning programs. However, resources happen to be a major constraint in such cases, in association to costs. Getting good resources or trainers are extremely difficult, and at the same time, costs need to be minimized in order to achieve the desired outcome.
Most of the knowledge experts had come out with interesting observations on several market trends which govern the executive market. It has been acknowledged that, in the near future the executive learning services shall be in high demand. This is because of the fact that, such programs offer efficiency, effectiveness as well better time management perspectives, for various professionals. However, a major threat remains to be the emerging market competitors who would fight for a heavy market share. It has also been observed that, the market of executive learning will be dominated by technology. However, increasing impact of globalization will have a major impact on such a market and operational complexities need to be mitigated to a large extent. A major problem remains to be paucity of faculties who are qualified and skilled to impart such objective oriented learning programs.
According to research specialists, there are several critical factors which are responsible in order to choose successful programs. Some important critical factors include practice orientation, exchangeability and future orientation. At the same time, there are other important factors which govern the process of enrollment. This include the credibility of the program defined, brand of the institution from which knowledge is being dissemination, rating or success of certification in association with the reputation of the faculties who conduct such programs. Cost have been identified to be a major issue with the applicants, however in most of the courses where certification is provided remains to be on the higher side, if imparted by a reputed brand.
Executive learning programs are highly suited for working professionals, for the fact, that it gives complete flexibility to the audience. Such learning programs are often held within the organizations, where you work. An informal environment is emphasized in order to encourage interactive mode of learning for the participants. Each of the executive learning programs are supposed to be objective oriented, and thus has measured goals. At the same time, it creates a huge impact on each of the participants who interacts freely within an open environment. Learning resources are usually input based and can consist of several inputs like:
Business Simulations – these are real life situations which are imitated within classroom trainings
Games – Interactive and interesting inputs which creates a fun-loving environment
Case Studies – These are knowledge based inputs compiled from various organizations, in terms of success stories
Videos and audios with a learning input – These inputs are specifically collected or documented
Interactive presentations, which are deliverable by the faculties.
There are several skills which are imparted with the help of executive learning programs. Most of the skills on which such programs focus is practice oriented, however theoretical skills can also be honed depending on the learning requirements. Executive learning programs deliver skills such as problem solving, decision making and of course communication skills as well. In technology based programs, it is always emphasized that executive learning programs deliver exactly what the learning outcomes demand. For instance, in a management development program, if people look at developing decision making skills, then similarly in an IT based learning program participants shall be expected to deliver on programming skills. Thus, absolutely skill based these programs are made to be tailor fitted towards specific work environments.
With the transforming job market, executive learning programs are much in vogue, nowadays. Such programs have become extremely popular in the recent past, not only at the national level, but also in the global platform. The basic popularity of such objective oriented program has been associated with a demand of several skills in workplaces due to extreme competition. Few major advantages for such a program remains to be flexibility, orientation towards specific work requirements as well as a well designed curriculum. A major disadvantage in conducting adult or executive learning programs within the organization remains to be paucity of great faculties.
Simultaneously, managing or mitigating costs remains to be of topmost priority for organizations. Various skills are imparted usually by skilled experts who conduct executive learning programs. But the objectives for different levels of program remain to be different. For example, management development program will highly be different in terms of delivery, when compared to an IT development series. However, experts have agreed to the fact, that, technology interference will largely rule the market in the long run.
So, with this excerpt, it would be clear that why the growth of executive learning has made up to this far.
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