Corporate Universities as a Tool for Talent Development
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The impressive recent global economic development has required amounts of highly qualified specialists and managers, especially in emerging markets. With many emerging markets facing problems of labour force shortages, firms have realized that sometimes it is best to nurture personnel within internal structures, such as corporate universities. Although helpful, short-term training programs cannot create the necessary competitive advantage for companies from emerging markets; the educational process needs to be more structured, focused, complex and systematic. These reasons help underpin the larger-scale training and development programs that are offered in corporate universities.