Agency theory has been discussed widely in the business and management literature. However, to date there has been no investigation about its utility and implications for problems in training & development. Whereas organizations are still struggling to develop and implement effective training programs, there is little emphasis on the self-interest…

The differences between continuing professional education (CPE) and training are examined by presenting a systems view of the factors that make CPE different from training. The authors analyze these differences by discussing scope, stakeholders, control, and occupational mobility. These factors provide a framework for examining differences between…