Management Training is not Expendable

“As the economy soured and auto sales plummeted, GM closed plants and sent workers home to collect unemployment benefits. Toyota closed plants and sent workers into training programs to hone their skills…for a time when demand returns. Who will survive?”

This was a quote from Learn.com CEO Jim Riley in the June 8th 2009 issue of Business week. The quote was in response to an article/excerpt from Jim Collins’s new book, “Why the Mighty Fall”. I was struck by how Mr. Riley’s quote is a perfect example of how many companies devalue the ongoing training and development of their employees. read more