Management Development

Management development has become very important in today’s competitive world. Management development in simple words is the process by which managers are given training to develop their skills. Managers who are given adequate training in their respective rolls in turn help the organization to grow and prosper.

Manager who are given training to develop their skills result in a direct economical benefit to the organization.    Management development helps the manager to manage the organization and the employees in an effective manner to bring about success and growth to an organization.

Most companies keep aside a budget for management development cost for training to be given to their managers - appropriate training for their various positions in the organization.   Some of the reasons behind management development programs organized for managers are:

• It is the company’s responsibility to ensure that the management is given the required type of training to develop their skills.
• It is the management that deals with different types of people in an organization -people of different religions, cultures, race, background, language etc.
• It is the management who should ensure that the employees are given the right type of training to develop their skills, which will in turn benefit the company’s success.
• It is the sole responsibility of the management to recruit the right type of people at the right time and in the right place.
• It is the management that makes all judgments for the organization and for the employees in various situations and issues from time to time.
• It is the manager who performs his routine duties as well as ensures that the other employees perform their duties required in their respective field.
• It is the management’s responsibility to ensure the success of the organization.
• It is the management that understands the organization, its goals, vision, missions, values, ethics, capabilities etc.
• Managers who received management development have an edge of managers who do not undergo any training to sharpen their skills.

Review Questions:

• What is Management Development?
• What role does management development play in an organization?