CIMA Management case study Executive Training Industry - Accounting Assignment Help

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CIMA Management case study

No reproduction without prior consent. 3 Executive Training Industry Executive training companies provide short courses, typically lasting for 3 to 5 working days. They provide course participants, more commonly known as “delegates”, with the opportunity to update their existing skills or to develop skills and knowledge that they require in order to be more effective in the workplace. Executive training courses take a variety of different forms and they are provided by a range of different organisations. Many colleges and universities offer executive training courses, some of which are led by prominent academics. There are also many private sector training companies. Course fees are generally paid by delegates’ employers and so it is usually possible to charge a significant amount for course participation. Senior managers and directors are often entrusted with key decisions and so enhancing their competence through relevant training can be a highly cost-effective investment. Training is also potentially good for morale. Training courses provide delegates with an opportunity to step back from the pressures of running the business, without requiring them to make use of their annual leave entitlements. They also reassure delegates that they are valued by their employers because they take their needs for personal development seriously. Having directors and senior managers participate in ongoing executive training also sets a good example for more junior employees in organisations that encourage their workforces to engage in lifelong learning. CIMA Management case study exam – May & August 2021 ©CIMA 2021. No reproduction without prior consent. 4 Training courses take two main forms: Public courses Public courses are open courses that are advertised publicly and can be taken by anyone whose employer is prepared to pay the course fee.

The course outline is published in advance and so delegates can decide whether it suits their needs. The fact that the outline is developed by the training company’s experts suggests that it covers material that should be of value, perhaps because the course facilitator regards it as current or because it is frequently misunderstood. Delegates enjoy the opportunity to interact with their fellow participants, who will come from different employers and may have very different backgrounds. All delegates have an interest in the course subject matter and so it may be possible to share insights and seek advice about the practical issues arising from the course content. Class sizes are usually restricted to a maximum of, say, 20–25 delegates. That makes it easier for individuals to engage with the course content.

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