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The Role of Modern Education in Improving Business Performance
Abstract
This chapter analyzes the relationship between the modern education system and business performance in a theoretical manner. Business organizations who invest in the modern education system in order to educate (knowledge development) and train (skilling and re-skilling) their workforce should know that there is a positive relationship between the modern education system and business performance. It is encouraging news for the business organizations who invest enough efforts on human capital development programs. For the readers to understand the term of positive relationship between the modern education system and business performance, it simply refers to the recognition that an increase in investment on the modern education system by a company will improve its (the company's) business performance. Therefore, institutions of higher education including business schools should invest more in technology-based education systems in order to provide education and training programs to their corporate clients.
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