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0:00
Hello again. I'm Helene
Tenzer and I teach
International Management at
LMU Munich School of
Management in Germany.
As part of our course on
International Human Resource
Management in this segment,
we will focus on
international human resource
training and development.
0:22
Let's begin by distinguishing
two key terms, training
and development.
Imagine training as intensive
focused classes where
you learn specific skills and
knowledge you need for
your job right now.
It is systematic,
structured, and has a clear,
immediate purpose:
enhancing performance
in your current role.
On the other side,
we have development,
which is more like your
ongoing education.
It is broader, preparing you for
future roles and fostering
your personal growth.
Think of it as an investment
in your future self,
building capabilities that
you'll need down the line.
In a nutshell, while training
zeroes in on the now,
addressing our immediate
performance and skills,
development nurtures
our future potential.
Both are crucial for forming
the most valuable asset in
most businesses, human capital.
To give you an idea of the
dimensions training and
development have in large
multinational corporations,
the BMW Group invested
€416 million in training and
further education in the
financial year 2022.
