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Briefly describe the process of creating a corporate university.
Expert Answer
The process of creating a corporate university is as follows:
- Set a direction: It includes senior management involvement that will set directions of the university. The directions must be focused, top-down and committed.
- Create a vision: It include creating short-term goals which are highly visible and easy to roll out. You are required to develop communication campaign and internal marketing.
- Determine the operating principles: Know the fundamental assumptions about people and development in your organization. Determine the core values under which you want to work.
- Define the scope: Make a list of benefits of a university, programs you want to offer and employees who are primary recipients of the training.
- Stakeholders: Know about your stakeholders such as customers, employees, vendors and management.
- Structure: Find an appropriate structure for your university such as centralized or decentralized.
