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The ROI from Executive Education - 2010-01-01 07:00:00 | Supply Chain Management Review
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class="articleToolsItem"><a title="Email" href="/web/20100128063411/http://www.scmr.com/send_to_friend.php?class=article&title=The+ROI+from+Executive+Education&refPage=%2Farticle%2F444125-The_ROI_from_Executive_Education.php"><img alt="Email" src="/web/20100128063411im_/http://www.scmr.com/common/images/dd_btn_email.gif" border="0"/></a></div><!-- end email articleToolsItem --> </div><!-- end articleToolsTop / articleToolsBtm --> <!-- google_ad_section_end --> </div> </div><!-- /.noinfuse --> <div class="clearboth"></div> <a name="maincontent"></a> <h1>The ROI from Executive Education</h1> <h2>Companies that are investing time and money in supply chain executive education are paying closer attention to the anticipated ROI from this investment.</h2> <h3> -- Supply Chain Management Review, 1/1/2010</h3> <div class=""> <h3><a name=""></a></h3> <div class="body"> </div> </div> <p id="id594190-0-p"> <span>With the goal of squeezing benefits out of every penny spent, businesses are looking at supply chain executive education to provide both tangible and intangible returns on their investment, or ROI. Take the client that Brent Smith, associate dean of executive education at Rice University in Houston, worked with recently. Determined to make changes to its global supply chain that would result in real-world savings, the corporation's investment in education was covered before the executives even finished the program.</span> </p> <p id="id593718-2-p"> <span>“The employees' class project saved the company money before the course wrapped up,” says Smith, who is also a professor of management and psychology. Going into Rice's executive education program, Smith said the firm had a two-pronged focus that included the educational activities themselves, and the bottom-line impact that the company could gain by putting the learned ideas into action.</span> </p> <p id="id594239-4-p"> <span>What made this case interesting, says Smith, was the way the firm stated its ROI goals and identified specific areas of improvement before its executives took part in the course. “They were willing to state upfront their interest in seeing tangible outcomes,” recalls Smith. “That helped us model the educational activities for the program while ensuring that those outcomes were achieved.”</span> </p> <br><p align="center">To read the rest of this article, you may purchase this issue of Supply Chain Management review by contacting our customer service desk via email at <a href="https://web.archive.org/web/20100128063411/mailto:SCNcustserv@cdsfulfillment.com">SCNcustserv@cdsfulfillment.com</a> or by phone at 888-343-5567. <br>Make sure you don't miss out on any future issues.<br><a href="https://web.archive.org/web/20100128063411/http://www.scmr.com/article/329304-Subscribe_to_Supply_Chain_Management_Review_Magazine.php">Subscribe to Supply Chain Management Review magazine today. </a></p> <p> </p> <div align="left"> <div style="text-align: center"><a href="https://web.archive.org/web/20100128063411/http://www.scmr.com/article/329304-Subscribe_to_Supply_Chain_Management_Review_Magazine.php"><img id="photo-152995" class="embeddedObject" src="/web/20100128063411im_/http://www.scmr.com/photo/152/152995-scm_subscribe_magazine.gif" alt="scm_subscribe_magazine" title="scm_subscribe_magazine" width="275" height="20"></a></div> <br> </div> <p> </p> <div class="authorInfo"> <h3><a name=""></a></h3> <div class="authorInfobody"> <body> <table id="id570671-0-table" cellspacing="0" cellpadding="2" width="100%" border="0"> <tbody id="id570805-0-tbody"> <tr id="id570808-0-tr"> <td id="id570810-0-td" class="table" style="background-color: #EEEEEE"> <strong id="id569347-0-strong">Author Information</strong> </td> </tr> <tr id="id569352-3-tr"> <td id="id569354-3-td" class="table"><em id="id570649-3-i">Bridget McCrea writes on education and supply chain management. She can be reached at</em><a class="emailAddress" href="https://web.archive.org/web/20100128063411/mailto:bridgetmc@earthlink.net" id="id570653-4-a">bridgetmc@earthlink.net</a>.</td> </tr> </tbody> </table> </body> </div> </div> <div class="noinfuse"> <div class="noindex"><!-- google_ad_section_start(weight=ignore) --> <div id="articleToolsBtm"> <div class="articleToolsItem"> <div onmouseover="shareExpandItBtm('show')" onmouseout="shareExpandItBtm('hide')"><img src="/web/20100128063411im_/http://www.scmr.com/common/images/dd_btn_share.gif" border="0"></div> <div id="shareExpandItBoxBtm" class="collapsed" onmouseover="shareExpandItBtm('show')" onmouseout="shareExpandItBtm('hide')"> <div><a title="del.icio.us" href="https://web.archive.org/web/20100128063411/http://del.icio.us/post" 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