A training strategy is a document that provides vision, focus, direction, and action planning for an organization's training and development efforts. It should align with the organization's overall strategy and human resource strategy to optimize human capital and enable the vision. Research shows that spending on developing human capital through training increases productivity more than capital improvements alone. An effective training strategy considers components like needs assessment, integration with performance management, talent management, and succession planning. It also includes a project plan with roles, responsibilities, targets, and evaluation to implement the strategic training goals.