Time is money, says Kumeshnee West, head of executive education at the University of Cape Town’s Graduate School of Business. Clients are demanding shorter, sharper executive programmes. "They want more impact, quicker," she says.

Savvy companies and government entities have always expected return on investment from their executive education, even if they’re not sure how to measure that return. But now, with training budgets under pressure and technology changing the way companies operate, demand for cost-effectiveness is more insistent...

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