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Home > Intellexis > News > Intellexis financial awareness development used worldwide by Ciba Specialty Chemicals
2500 business managers to be trained with Intellexis e-learning development solution Ciba Specialty Chemicals, a leading global chemical manufacturer, has launched an initiative using financial awareness development services from Intellexis to ensure that all managers have a broad financial know-how as the basis to achieving sustainable profitable growth. Ciba will use Intellexis development, assessment and e-learning solutions to assess and train 2,500 non-financial managers worldwide. Ciba was particularly interested in Intellexis' tools for identifying individual knowledge gaps as a basis for focused training and its innovative game-based programme about cash flow. "Financial goals such as cash generation, profitability and price management are key to business success," said Juergen Kuehl, Global Head, People Development, Ciba Specialty Chemicals. "It is essential that managers have a sound understanding of how these goals impact business performance and how they can contribute to achieving them. We chose Intellexis because of its internationally recognised experience in e-learning and its ability to provide excellent customisation focused on our specific business need and market environment." Ciba had considered classroom training, but found that
delivering the training via an e-learning portal developed
and hosted by Intellexis would be a more efficient and cost-effective
way to train managers spread across 28 countries. Initially,
Ciba managers will use FACT - Intellexis' web-based tool
that enables organisations to identify individual knowledge
gaps - to target training resources in the most effective
way. Managers will then use other Intellexis products to increase their financial know-how. These include Cash Flow Challenge, an interactive game to enable people to understand cash flow, and e-learning products that cover basic finance, ratio analysis, costing, project appraisal, shareholder value and working capital management. Intellexis has helped Ciba by customising the e-learning products with Ciba terminology and incorporating Ciba's key strategic messages such as the importance of price management, profitability and cash flow. Each Ciba manager will be able to pick and choose the courses that best suit their development needs and, using the Intellexis e-learning portal, will be able to learn at their own pace. Currently all the courses will be in English, but Ciba has the option to provide them in up to eight languages. David Willis, Managing Director, Intellexis, said, "Financial knowledge has become a strategic training issue. Ciba Specialty Chemicals' initiative, supported by senior management, is indicative of how organisations are realising that developing and increasing financial awareness is no longer simply an HR training issue, it is now a strategic issue and is essential for effective business performance." About Ciba Specialty Chemicals: Debbie Sharples
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