Business Education:Problem Or Solution

Some still view education as a hidden cost with no real benefits but these companies are dwindling. While researching any subject one will encounter different views and the subject of business education is no different. For example, should an organization encourage its" employees to seek advanced education? Who should pay for the education? Should the organization pay for the all of the training or part of the training? How can the organization recuperate the costs for education? How will the CEO sale a business education initiative to the stockholders? These are just a few of the many questions organizations faced today in deciding whether or not business education will benefit the organization and help attain that competitive edge.
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             Views on Business Education.
             Nearly all employees enter the work force after graduating from high school, universities, or somewhere in between. One view in industry is the belief that once an individual leaves the educational system, the workplace becomes the next source of education for that individual (Powell, 2002). If an organization does not provide further education for its" employees, these very employees will become stagnant and inefficient which consequently will affect profits.
             Numerous companies have begun to question the skill level of the current work force. The economy today is rapidly moving into a highly skilled, information dependent industry. This has caused a problem between the types of jobs that are being created and the skill level of the current work force (Tinsley, 2002). Many organizations that are attempting to become more competitive discover their employees do not meet the education levels necessary to survive in this transition to a more skilled workforce. Today's environment provides unlimited challenges with new technologies, global competition, and downsizing which companies face everyday (Tinsley, 2002). Educating the organizations' employees prepares the organization to meet these new challenges head on and provide a more competent workforce that ultimately increases profits.