Learning Management System
From OrgChart.net
Contents |
What is a Learning Management System?
To bridge the gap between training and development, today the focus is on learning which is critical to the growth and success of an organization. Many corporate organizations are implementing a Learning Management System (LMS), an e-learning software application that supports the administration, documentation, tracking, and reporting of training programs, classroom events, e-learning programs and training content. Learning management systems are the latest trend in the market which are being implemented and integrated into the systems that can catapult an organization to another level. LMS bundles the diverse tools used in e-learning such as CBT’s, audio files, video files, chat rooms, discussion forums etc all into one bundle. For instance, LMS is extensively used by financial services firms and biopharma for compliance training. Similarly, LMS is widely used by educational institutions to enhance and support classroom teaching and offers learning to large number of people who are geographically handicapped or economically deprived.
Scope of Learning Management System
In a corporate world, LMS ranges from systems for comprehensively managing training to educational course management requirements and tools. It supports the documentation, tracking and reporting of training events. It also facilitates and supports student-self service, on-line learning, on-line assessment, training workflow, management of continuous professional education, collaborative learning, training resource management and distribution of courses over the Internet.
LMS is mostly deployed in an organization to track and monitor the progress and performance of users and manages learners across different training objectives and in the identification and assessment of individual and organizational training goals.
Business Advantages of Deploying Learning Management System
Integrating LMS into the system of an organization has many key benefits such as:
- Cost effective as a LMS system can provide training to multiple people at the same time.
- Provides “value for money” as LMS systems seamlessly meet business objectives.
- Offers timely training without delays.
- Enhances employee productivity as on-line learning or e-learning is learning “anywhere and at anytime” and requires no training-related travel.
- Centralized learning environment delivers training programs with great consistency.
- Most LMS solutions are simple, easy to use, SaaS (Software as a Service) applications and are set up without having to purchase expensive and additional hardware and software.
- LMS aims at providing specialized training based on the needs of an individual.
- Measure effectiveness of training objectives and aligns it to organizational goals.
- LMS helps executives to gain new competencies, launching new products or services or enhancing existing skill sets. This helps and prepares executives to don new roles and responsibilities, offering scope for promotions, self-development and improvement.
Learning Management System – A New Trend for the Future
According to a recent survey conducted, it was observed that training in most business enterprises was conducted through e-learning. LMS has found its flavor with medium and small sized companies because of cost efficiency and multifarious features and advantages it has to offer. Many LMS providers are now offering talent management systems, performance and competency management systems along with learning management systems that integrate seamlessly for a business enterprise to gain a competitive edge in the marketplace and to achieve business performance for successive years to come.
