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Corporate Universities

In: Business and Management

Submitted By Muhaimen
Words 2229
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| Corporate UniversitiesShort Description about five CUs | Khandakar Shah Muhammad Al-Muhaimen, 1337 | 5/12/16 | Training & Development | |

| Corporate UniversitiesShort Description about five CUs | Khandakar Shah Muhammad Al-Muhaimen, 1337 | 5/12/16 | Training & Development | |

Introduction

“A centralized strategic umbrella for the education and development of employees which is the chief vehicle for disseminating an organization's culture and fostering the development of not only job skills, but also such core workplace skills as learning-to-learn, leadership, creative thinking, and problem solving,"

A corporate university is any educational entity that is a strategic tool designed to assist its parent organization in achieving its goals by conducting activities that foster individual and organizational learning and knowledge. Corporate universities (CU) are a growing trend in corporations. In 1993, corporate universities existed in only 400 companies. By 2001, this number had increased to 2,000, including Walt Disney, Boeing, and Motorola.
Experts estimate that there are more than 2,000 corporate universities (CUs) in the United States, either centrally located or operating as virtual universities. The number of CUs is growing: currently, 29% of organizations are establishing a corporate university or planning to do so. Due to today’s aging workforce, HR professionals look to corporate universities as an effective way to develop, attract and retain much-needed highly specialized workers.
An overview of Corporate University * An organizational entity dedicated to turning business led learning into action. * Developed by those corporations who have shifted their focus from employee training to employee education as a result of "the emergence of the knowledge economy.” * Aim of achieving corporate…...

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