In time of financial stress, training is often one of the first functions to be discontinued, because:

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In times of financial stress, training is often one of the first functions to be discontinued because management does not consider it part of the strategic plan, treats it as a cost with no quantifiable benefits, and often does not understand the connection between building and sustaining the organization's competencies and achieving profitability. The correlation between the function of training and the function of product realization may or may not have been established, but it is not the main reason for training being discontinued in times of financial stress.

In Time of Financial Stress, Training Is Often One of the First