Corporate universities

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Corporate Universities (CUs) are a growing trend in companies. Corporate Universities are anything from a pumped up training department to a degree granting branch of major companies. Denise Hearn in her article "Education in the Workplace: An Examination of Corporate University Models" cites these statistics: In 1993, corporate universities existed in only 400 companies. In 2001, this number jumped to 2,000. This number is only expected to grow in the future. Although changes in the economy may alter that growth to some extent, this trend is still receiving attention from such companies as Walt Disney, Boeing, and Motorola.

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[edit] Goals of a CU

Corporate Universities are set up for a variety of reasons, but most organizations have the same basic needs. According to Hearn, these are to:

  • Organize training
  • Start and support change in the organization
  • Get the most out of the investment in education
  • Bring a common culture, loyalty, and belonging to a company
  • Remain competitive in today's economy
  • Retain employees

CUs offer valuable training and education to employees, but they also help organizations retain and promote key employees. Although a CU may sound attractive, there is a lot of work that goes into the planning and implementation of such a project.

[edit] Planning for a CU

Before you jump into planning a CU, Hearn suggest that you conduct "a full learning audit and assessment, a series of design workshops, the creation of a business case and recommendations to senior management, implementation, and finally, further recommendations and review." These steps can help you to analyze what work needs to be done. One of your most important goals is to ensure that this project has support from the CEO down. Without funding and support, this project will go nowhere.

According to Jeanne Meister, the president of the consulting firm Corporate University Xchange(CUX), there are ten primary steps to implementing and sustaining a successful corporate university. These steps, provided by Hearn, are reproduced below:

  1. First, the executives or top management of an organization must form a governing body for the corporate university, much like that of a traditional university, which will establish and profess the organization's commitment to the program.
  2. Secondly, the vision or strategic plan of the corporate university must be crafted; thereby,determining the organization's goals for the program.
  3. The organization must then recommend a funding strategy. Most commonly, corporate universities are either funded through corporate allocations or through charges placed on individual business unit budgets.
  4. Next the organization must determine its audience or stakeholders who will use the corporate university service.
  5. In addition to determining the audience, the organization must also determine how the needs of the audience will be met while continually pursuing the strategic goal of the corporate university.
  6. Following the completion of the above tasks, corporate university organizers must develop a template for how products and services will be designed to achieve university goals.
  7. The organization must also select suppliers, consultants, traditional universities and for-profit firms who will act as learning partners, if appropriate.
  8. The use of technology and resources to be used by the corporate university must then be determined.
  9. Additionally, a measurement system should be developed that will allow the organization to continually monitor its progress against the university's strategic goals.
  10. Lastly, the governing body must communicate the vision of the corporate university constantly and consistently. All stakeholders should be made aware of the mission, products and programs that make up their organization's corporate university.

Of course, these steps may need to be tweaked depending on the size or goals of your organization. CUs can be outsourced to a consulting firm or planned and implemented inhouse. It is a growing trend for organizations to partner with traditional universities. A traditional university brings organization, structure, and faculty. Universities are often interested in CU opportunities because of the economic gain. There are a number of consulting firms that will help you to set up you Corporate University, but that can become very expensive. This process can also take a long time, sometimes up to a two years.

Hearn also provides overviews of the CUs at Walt Disney, Boeing, and some other large corporations to give you ideas of what other organizations have done.

[edit] Curriculum

Lisa Tanner of the Dallas Business Journal cites J.P. Morgan and Co. as an example of a company with an organized curriculum. They have three different types of courses: Business specific courses, organizational learning and communication classes, and management and executive training. What your company decides to offer will depend on your needs (such as sales training, marketing, or soft skills) and your company's business (like manufacturing, consulting, or technology).

Most CUs offer a blended curriculum of online and in person classes. Some organizations offer courses during the workday while other offer them at varying times. Courses can be short workshops or longer, more traditional courses.

Sharon Shinn of BizEd reminds readers that, unlike traditional universities, CUs demand a return on their investment. There must be concrete evidence that the classroom is delivering results. Many CUs provide hands-on and team learning as a more effective alternative to lecture-based courses, but all CUs agree that what is learned in the classroom should be directly applicable to the work environment.

[edit] References

[edit] External links

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