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Is it worth it?
Sep 5th 2003
From Economist.com
The executive looking for training this autumn faces something of a dilemma. On the one hand, managing can look particularly difficult in an uncertain recovery, especially as global businesses prove more vulnerable to all sorts of political and economic setbacks. On the other, many companies are still in a budget-cutting mood, and every extra dollar spent for training has to be justified. The opportunity cost of an executive course has rarely been higher.
With budgets being slashed from one quarter to the next, executives must consider more strongly than ever the potential value of education. Will it make them better leaders? Better managers? Better thinkers? It is not simply a question of being handed a new tool-kit or method for making decisions; the executive aiming to pour money into a new course must also consider the long-term effect on his ability to steer his company in the right direction. Executive courses must now promise not only a nice environment, an interesting body of knowledge and the opportunity to network (though both those benefits are still much in demand), but a bit of foresight and an ability to grapple with deeper questions.…
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