Training programs of transnational corporations as a foundation of formation of private educational resources

Abstract

Purpose The purpose of this paper is to analyze training programs for transnational corporations, educational services market, and society. Design/methodology/approach The paper consists of three components: determination of the role and meaning of training programs of transnational corporations in the system of formation of private educational resources, conduct of analysis of effectiveness of training programs of transnational corporations, and compilation of recommendations for increase of effectiveness of training programs of transnational corporations. The main method of the research is correlation analysis. Findings As a result of the research, the authors have come to the conclusion that training programs of transnational corporations are the foundation for the formation of private educational resources and provide significant advantages for transnational corporations, educational services market, and society on the whole. Practical implications The practical value of the work consists in the development of practical recommendations for increase of effectiveness of training programs of transnational corporations which could be used by them in practical activities. Originality/value The performed research contributes to the development of the concept of human resources, the concept of post-industrial economy, and the concept of transnational business, which causes its high theoretical significance.