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5ELD Evaluating Learning and Development in a Knowledge Economy | Level 5

5ELD Evaluating Learning and Development in a Knowledge Economy | Level 5

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The Purpose and Aim of the Unit 5ELD Evaluating Learning and Development in a Knowledge Economy

  • The purpose of this unit is to help the learner understand the evaluation of learning and development in a knowledge economy and business environment.
  • The unit opens by reconnoitering the importance of evaluating learning within contemporary organisations.
  • Furthermore, the unit 5ELD Evaluating Learning and Development in a knowledge Economy explores different methods and approaches that are evaluated and contrasted from the more ancient to the more current.
  • The process of evaluating L&D is ranged from different overarching methods through to the specifics of the ‘who, what, where and how’. The provocation of valuing knowledge, learning and development is discussed and key-terms currently employed by organisations such as ‘Return on Investment’ (ROI) are discussed and elaborated.
  • Moreover, the unit helps the learner understand how knowledge management strategy can maximise the value of L&D within an organisation’s range because of the move from the service economy to the knowledge economy.

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