How Can an Organization Determine If Its Training Expenditure Is

question 9

Essay

How can an organization determine if its training expenditure is cost effective?

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Definitions:

Develop Substitutes

Involves creating alternative solutions or products to replace existing ones, enhancing sustainability or addressing scarcity.

Environmental Wisdom

A perspective acknowledging the importance of maintaining a balance between human needs and preserving the natural systems that sustain life.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured as a percentage increase in real gross domestic product (GDP).

Materials Efficiency

Refers to the measure of how effectively resources and materials are used in the production process to minimize waste and reduce environmental impact.