• Section: Money Guide - Category: Online Business
• Written by Vishwanath Shank

Training in key business and professional skills in today's competitive environment cannot be ignored if you want your employees to develop and help drive the growth of your company.

Need For E-Learning
New Values In the old days, corporate value and value creation were defined principally through material and financial assets. Nowadays a premium is put on intellectual capital. To retain their competitive edge, organizations have started to investigate which training techniques and delivery methods enhance motivation, performance, collaboration, innovation, and a commitment to life-long learning.

New Technologies The life of knowledge and human skills today is shorter than ever, mounting the pressure to remain up to date with ones education and training throughout a career. In the age of globalization and technological revolution, four-year degrees are just the start of a forty-year continuing education. Life-long learning is quickly becoming an imperative

in today's world.

Competitive Edge Corporations view learning as a competitive weapon rather than a bothersome cost factor. Business success depends increasingly on top-quality employee performance, which in turn requires top-quality training. Corporate executives now understand that developing employee skills is the key to creating a sustainable competitive lead.

Cost Effective In the run to remain competitive in today's labor-tight market, companies are exploiting advances in technology to train employees rapidly, effectively, and at less expense.

GlobalizationAs trade borders become less significant, global competition intensifies. International expansion has led to larger and more complex corporations. Today's businesses have more locations in different countries and employ larger numbers of workers with diverse backgrounds and educational levels.
Abundance Of Information More information has to be delivered in increasingly bigger organizations, testing internal planning, logistics, and distribution. Corporations worldwide are now in search of more innovative and competent ways to deliver training to their geographically dispersed workforce.

Types Of E-Learning

There are fundamentally two types of e-learning: synchronous training and asynchronous training.

Synchronous, means "at the same time," involves interaction of participants with an instructor via the Web in real time. Asynchronous, which means "not at the same time," allows the participant to complete the WBT at his own pace, without live interaction with the instructor. A new form of learning known as blended learning is emerging. As the name suggests it is an amalgamation of synchronous and asynchronous learning methods.

Asynchronous Methods
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Embedded Learning Embedded learning is information that is accessible on a self-help basis, 24/7.

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