4 strategies to make smart choices when facing budget cuts

This article by Cristina Hall, Vice President of Marketing at Explorance, examines how businesses can mitigate the economic impacts as a result of the COVID-19 pandemic. 4 strategies are offered as a way for Learning and Development (L&D) departments to continue to have as much of an effect on business performance as possible.

 

The strategies are:

  1. Confirm Business Alignment
  2. Narrow the Audience
  3. Use Data to Cull the Catalog with a Scalpel, Not a Hatchet
  4. Consider Moving Some Programs to Online Formats Permanently

 These will help you form a proactive plan if you are faced with a reduced budget allowing you to cope better within an ever-changing environment. 


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