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A Framework for Evaluating Return on Investment in Management Development Programs

Author

Listed:
  • Lynch, Kara
  • Akridge, Jay T.
  • Schaffer, Scott P.
  • Gray, Allan W.

Abstract

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.

Suggested Citation

  • Lynch, Kara & Akridge, Jay T. & Schaffer, Scott P. & Gray, Allan W., 2006. "A Framework for Evaluating Return on Investment in Management Development Programs," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 9(2), pages 1-21.
    • Handle: RePEc:ags:ifaamr:45469
    DOI: 10.22004/ag.econ.45469
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    Cited by:

    1. Sheelam Jain & Ravindra Jain, 2015. "An Empirical Assessment of Training Effectiveness in Indian Banks," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 40(3-4), pages 333-346, August.

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    Keywords

    Agribusiness;

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