Building the Business Case for Your LMS
You need a learning management system (LMS). You've done your research, or perhaps have used an LMS before. Either way, you know it'll deliver the productivity gains, learner skills and employee engagement needed to rock the competition.
Now, all you have to do is show leadership how smart use of an LMS can yield the big gains your organization wants.
Here are some tips to help demonstrate the business value of Absorb LMS.
Prove Your Case for an LMS
Regardless of who's involved in the technology and business decision to purchase an LMS, you need to address three points:
- Who are your stakeholders?
- What are your stakeholders' key business challenges?
- How does an LMS address those challenges?
You may not have thought through this portion of the business case yet, but we have some helpful information you can use.
Business Challenges Solved by an LMS
In most LMS purchases, there are multiple stakeholders involved in the process and even in the final decision. The challenges and solutions an LMS can provide to these various stakeholders will differ and should be included in your business case.
We've outlined some of those key challenges and solutions per stakeholder below.
CEO
Business Challenges:
- Lack of business agility
- Slow to respond to competitive pressures
- Inability to scale
- Sub-optimal innovation
- High training costs
LMS Solution:
- Improve operational efficiency
- Keep employee skills ahead of the market
- Gain agility for competitive countermeasures
- Scale the business, even globally
- Lower training costs
Operations
Business Challenges:
- Inconsistency across job functions
- Over-reliance on manual processes
- Sub-optimal growth
- Insufficient metrics to calculate ROI
LMS Solution:
- Gain organizational consistency
- Track ROI in aggregate and per learner
- Automate manual processes
- Install processes and sales techniques at scale
Human Resources
Business Challenges:
- Low employee productivity
- Gap in employee skills
- Poor staff engagement
- Low staff morale
- Lack of cultural alignment
LMS Solution:
- Speed onboarding
- Deepen employee engagement
- Offer continuous development
- Deliver consistent training at scale
- Gain time-saving administration
- Improve the employee experience
Learning & Development
Business Challenges:
- Limited insight into training outcomes
- Inability to improve training over time
LMS Solution:
- Quantify learning effectiveness
- Optimize training to meet business objectives
IT
Business Challenges:
- Lack of system integration
- Poor visibility into IT purchasing
- Safeguard data
LMS Solution:
- Elevate system integration
- Achieve a "single source of truth" for data
- Improve data security
- Gain infrastructure efficiencies
Compliance Officer
Business Challenges:
- Poor regulatory compliance
- Liability exposure
- Questionable data security
LMS Solution:
- Ensure and prove full regulatory compliance
- Gain reporting and analytics capabilities
- Improve data security
And there you have it—some helpful information to get you started on building your LMS business case!
Want this information in a free, downloadable PDF? Just click the button below and you'll be on your way to proving the business case for an LMS solution.