When economic times are tight many companies react by trying to cut costs and put tighter controls on their budgets. While this approach seems to make sense, the most successful companies resist this type of knee jerk response. Instead they make an effort to re-evaluate their position and figure out ways to adapt to the changing business climate. Successful companies realize that budget cuts are not always the answer.

Consider the areas of training and development, often an easy target for first round budget cuts. Instead of cutting training budgets, consider using that money more effectively. This is where e-learning comes in. An effective e-learning strategy not only saves your company money, it also provides more value for the money that your company spends.