Providing effective extended enterprise training can be a hassle. By using a Learning Management System (LMS) can help. Read to know the benefits.
“An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.”
–Jack Welch, former General Electric CEO
In today’s world of corporate training, staying ahead of the curve is essential as much as it is important. And to ensure that, organizations need to continuously adapt and evolve. Well, adapting and evolving comes in different forms and sizes. One such way is extended enterprise. An extended enterprise is a network of companies and organizations that work together to create value for customers and stakeholders.
Customers… check!
Stakeholders… check!
But what about the employees and their training? Because to adapt and evolve, employees need to continuously learn and grow. However, facilitating extended enterprise training with the same high-quality learning experience while maintaining the relevancy and peculiarities of each organization can be mind-boggling. Before you start to panic, breathe! Learning Management System (LMS) can save the day for you! It facilitates efficient, expansive training by enabling organizations to extend their knowledge-sharing ability to extended enterprises along with encouraging them to synchronize their learning pathways for maximum desired ROI.
Using LMS for Extended Enterprise Training is a Must!!
Here are the 5 compelling reasons why:
- Facilitates Wider Audience Reach at Lower Costs
- Maintains Consistency in Learning Experience
- Supports Data-Driven Decision Making
- Ensures Flexibility and Scalability
- Improves Partner Relationships
In this blog, we’ll see in detail the five compelling reasons why integrating an LMS into your corporate extended enterprise training strategy is a strategic masterstroke.
5 Benefits of Using an LMS for Extended Enterprise Training
As businesses expand their reach beyond internal teams, the concept of extended enterprise training takes center stage. Now let’s see how a learning management system (LMS) can benefit you in ensuring an effective, synchronized learning for maximum results.
1. Facilitates Wider Audience Reach at Lower Costs
Remember the days of organizing in-person training sessoions for every employee? Now imagine doing the same at a much larger scale with learners coming in from different organizations. Well, it can definitely take a toll on your budget, time, and other resources. But wait, you have a choice now. That’s right! By using an LMS for extended enterprise training, you can easily skip all the hassle of time-consuming, energy-draining, and of course, costly process of organizing the classroom training sessions.
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In fact, with an LMS, your audience reach is multifold. It helps you in breaking down the geographical barriers by promoting easy resource sharing only at a click of a button. So whether the learners are across cities or on a different continent, they can easily access the training content. Apart from that, LMS also helps in saving costs. Check out the infographic below to know how.
Clearly, an LMS significantly reduces operational costs while increasing your training's global accessibility.
2. Maintains Consistency in Learning Experience
The challenge of ensuring that every employee receives the same level of training is not new. But this becomes even more daunting when it comes to extended enterprise training. However, using an LMS for your extended enterprise training allows you to maintain consistency in the learning experiences of all the employees across various organizations working together. That’s right!
A learning management system (LMS) enables you to deliver standardized content to all the learners. So whether you intend to train your extended enterprise employees on a new product update, a new process, compliance guidelines, or even best practices, you can be assured that everyone receives the same accurate information. This benefit of maintaining uniformity across content enhances the overall learning experience, thereby aligning your extended enterprises with your company's values.
Here’s a video to help you understand how you can use a learning management system (LMS) for planning, designing, and delivering training material to your extended enterprise effectively.
3. Supports Data-Driven Decision Making
In the era of big data, making informed decisions is key. And using an LMS for your extended enterprise training can come in handy! An LMS provides you with valuable insights derived from data and learning analytics. It allows you to track and analyze various learning metrics like completion rates, assessment scores, user engagement, time duration, etc.
This data enables you to fine-tune your training strategy, identify gaps, make necessary improvements, and provide additional support (if necessary). With such data at your fingertips, you can easily measure the effectiveness of your extended enterprise training initiatives and continuously strive to improve them for better, more productive outcomes.
4. Ensures Flexibility and Scalability
Business landscapes are dynamic, and your extended enterprise training ventures should be too. So how can you ensure that? It’s simple! By using an LMS for your extended enterprise training. Because an LMS allows you to create and update content easily, thereby ensuring that your training content is always up-to-date and relevant.
Therefore, as and when your extended enterprise grows, you can scale up your training efforts easily and seamlessly. Check out the infographic below to know a few examples of popular learning management systems (LMS).
5. Improves Partner Relationships
Building strong relationships with your extended enterprise is paramount. It ensures a productive and profitable collaboration. To leave no stone, using an LMS for your extended enterprise training is highly recommended. It serves as a bridge that connects you with your partners and their employees.
When you provide them with valuable training resources through LMS, you demonstrate your commitment to the combined success of the overall teams involved. This fosters a sense of partnership and collaboration, thereby helping you solidify your position as a reliable and knowledgeable partner.
To Sum It Up!
For businesses to grow and succeed, collaboration and continuous learning are vital. And to ensure seamless collaboration and continuous learning, using an LMS for extended enterprise training is a no-brainer. It allows you to provide a holistic, high-impact learning experience that drives growth and innovation. So, why wait? Use an LMS for extended enterprise training now! And don’t forget to keep your instructional design game strong. Check out the eBook below to ensure a good start.
