A Framework for Evaluating Return on Investment in Management Development Programs
Scott P. Schaffer and
Allan Gray ()
International Food and Agribusiness Management Review, 2006, vol. 09, issue 02
Return on Investment (ROI) is a financial metric that can be used to evaluate training and development investments. The objective of this research is to develop an evaluation process using ROI to assess the financial performance of management development programs. A three-phase model for ROI evaluation is presented. These phases include assessment planning, data collection, and data analysis. This model is then tested and applied to a management development program. This paper provides a template for ROI evaluation that can be used to evaluate a wide variety of training and development activities by food and agribusiness firms.
Keywords: Management education; training; assessment; evaluation; return on investment; Agribusiness (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:ags:ifaamr:45469
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