HRM the Journal

In a recent article by Howard Schechter, eLearning consultant for eLearn Magazine, Mr. Schechter details the cost of implementing the traditional learning management systems. Here is what he says:

“A typical first-year budget may be in the $100,000-$200,000 range for a Fortune 1000 company, while a small business or divisional learning initiative may spend $30,000–$50,000. Smaller learning initiatives cost less because there are fewer concerns, such as tying it in with CRM software."

Read more of this informative blog post to learn valuable information about the costs of eLearning 2.0 - http://www.interactyx.com/blog/the-cost-of-elearning-2-0

Tags: content, corporate, distance, distribution, ecommerce, elearning, learning, mobile, networking, online

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Thanks for the post - this is interesting data. I'm curious about whether you have any data on the effectiveness of webinars. There seem to be so many of them these days, and most are free (although seem to have some sort of sales angle associated with them when free).

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Thanks for the reply, Theresa!

It depends on what type of 'effectiveness' you are referring to. A direct line from a webinar to a sale is not overly strong. But, webinars are great to share new information and open up a line of communication. This is even more evident with emerging technology - it seems that people really like a short, informative presentation to get over the learning curve with new technologies and how to apply them.

This is all just from my own experience in hosting webinars multiple times a week discussing the benefits of social networking and how to apply them across various industries.

When it comes to product information, as a company, we prefer to handle that one-on-one since every company or school has very unique needs. We still use a webinar type setting, but we create a more interactive experience to keep everyone engaged. This is especially helpful for us since we are dealing with clients and partners all over the world.

Without the webinar, many great businesses would not be able to realistically do business.

Did this help?

Jeff

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THANKS .. I was thinking more about academic type webinars vs. product seminars, but I do think the same applies. I appreciate your fast response.

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Hi Theresa,

I agree with your comment re the effectiveness of webinars. I currently have a research proposal pending to examine this subject as it applies to the sales force. As the project develops will keep the group informed.

Jack

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HRM, the Journal, Special Issues

Innovation and Creativity
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Women Managers in Asia-Pacific
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Using Social Network Research
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