Things don’t always go as planned during an acquisition. In fact, lots of things can and do go wrong, including not being able to use the content library from an acquired business.
The process of taking over another business is one of the most time-efficient ways to grow your company. Naturally, you would assume that acquiring resources and core competencies not currently held by your company would be a quick process.
This is not always the case.
Training delays are inevitable if critical information isn’t easily available. How will you improve employee performance, stay compliant or re-skill employees if the information simply isn’t usable?
There are multiple roadblocks that can happen when it comes to using content from an acquired business,
The content is custom to the acquired business whose branding is being changed/abandoned? And, even if you wanted to update it you can’t because you don’t have access to the source files
- Content wasn’t organized nor curated very well and it would take more time to clean up the files then start new
- Outdated content that doesn’t jive with the way employees like to learn, e.g. mobile
- The content references processes and software which are no longer relevant or used by the new company
- Lack of version control resulted in multiple versions of the same course with no rhyme or reason behind it, nor a way to filter through which is current, why changes were made, who took which version, etc.
All of these scenarios make it more difficult to do your job and it creates unnecessary delays that can decrease productivity.
But, there are ways to make the move significantly easier and minimize the risk of nasty surprises.
So, What Makes it Easier to Access and Use Content?
1. Seamless Migration of Content
. A content library, no matter where it’s stored or how it’s stored should be able to export into your LMS quickly and easily
2. Support Most Content Forms.
From PowerPoint presentations to video, an LMS must be able to accept most forms of learning content
3. Flexible Permissions.
An LMS must be able to allow permissions to more than just the administrator
In the case of a roadblock, your LMS must be able to adjust as needed
5. Integration. An LMS that ‘plays nice’ with other systems will save time and make the process much quicker.
Selection an LMS
The average company changes their LMS every 3 – 5 years. In order to avoid this you must factor in your long range business goals during the selection process.
Regardless of how your business grows, it’s your responsibility to keep training moving forward quickly and efficiently.
With growth comes more training, and with more training comes more content.
Content is at the core of all learning programs and an often missed component during the LMS selection process.
Leo Tolstoy once said ‘what counts in making a happy marriage is not so much how compatible two people are, but how they deal with incompatibility.’
This is very much the same when dealing with acquisitions and your LMS. How will it respond to possible incompatibilities, especially when it comes to accessing and using the library of content?
Consider asking these types of questions,
• What is the migration process and timing expectations of the new LMS?
• Can the LMS handle an influx of a large amount of data?
• What delivery formats does the LMS support?
• Is customer support available to help with any issues that arise?
It’s important to consider the flexibility of content when selecting an LMS. Acquisitions bring a lot of change but when you choose an LMS that is equipped with the right capabilities you’ll be able to grow your business quickly and with ease.
ShareKnowledge is a good choice for those who want and need a flexible LMS. Built exclusively for the corporate environment, ShareKnowledge handles with ease all the requirements of complex business and training processes. If you think that ShareKnowledge might be a good fit for your business, please fill out the form on the right and a member of our team will reach out shortly.