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An emphasis on learning through training, development and knowledge management is a must do if companies want to gain a competitive advantage and employee expectations. Companies that use innovative training and development practices report better financial performance than their competitors who do not. The role of training has broadened beyond one time learning event to the creation of conditions for learning that can occur through collaboration, online and offline learning or a combination of these methods. The present course deals with the whole horizon of training and development with a blend of theory and examples to make it relevant to the takers of the course.PRE-REQUISITES: NillINTENDED-AUDIENCE: Students in AICTE colleges, Employees of Organizations INDUSTRY-SUPPORT: Industry recognition is high as training and development is a core activity of organization for competitive advantage. All companies will be interested.