A case for corporate university 2.0
Asked to specify his education, Abraham Lincoln wrote a single word “defective”. While companies cannot afford to manufacture their own employees, we would like to make the case that this reform and technology will enable companies to repair or upgrade their employees by thinking about Corporate University 2.0. Financing employability faces a market failure; companies are not willing to pay for training or candidates, but are willing to pay a wage premium for trained candidates. Corporate Universities 1.0 involved setting up in-house physical learning centres—the highest profile being GE’s at Crotonville, the largest being Infosys at Mysuru, and the most effective being Oberoi Hotels in Delhi. But the new UGC online regulation combines Apprentice Act reforms and technological progress to enable Corporate University 2.0. Great companies —those who recognize their equity, does not sit on their balance sheets, but goes home every day —will use this opportunity to create the only sustainable competitive advantage by re-imagining their people supply chains, creating a culture of learning, and giving their employees another reason to stay.
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