𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Economic Development and Consortia

✍ Scribed by Allan Watson; Linda Jordan

Publisher
John Wiley and Sons
Year
1999
Weight
51 KB
Volume
1999
Category
Article
ISSN
0271-0560

No coin nor oath required. For personal study only.

✦ Synopsis

With the almost seismic shift to an economy based on the rapid acquisition of knowledge and exchange of information, ongoing workforce education and training is critical to the success of American corporations in a global marketplace. Employees engaged in knowledge-based professions, especially those in the high-technology sector, must continually be engaged in the learning process. To attract, recruit, and retain these highly specialized, highly skilled employees, corporations must provide access to a vast array of education and training opportunities. An even more difficult task for these corporations is to support the workforce training initiatives with minimum expenditures dedicated to the internal administration of these initiatives. Increasingly, corporations are looking for a single-source solution to the myriad of education and training needs. Partnerships between business and higher education, orchestrated through consortia, provide a cost-effective solution while supporting economic development in a most significant way.

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