Management development - Vrindawan eUniversity

Management development is the process by which managers learn and improve their management skills.

1 Background
2 Approaches to management development
3 Purpose of management development
4 Action learning
5 Coaching
6 Management education
7 Management development program
8 See also

Background

In organisational development, management effectiveness is recognized as a determinant of organisational success. Therefore, investment in management development can have a direct economic benefit to the organisation. In 2004, the money spent per year per manager on management and leadership development was £1,035, an average of 6.3 days per manager.

Approaches to management development

Dysfunction analysis
Mentoring
Coaching
Job rotation
Professional development
Business workflow analysis
Upward feedback
Executive education
Supervisory training

Purpose of management development

Managers are a critical part of the organization’s decision-making process, therefore, management development is a crucial factor in improving their performance. A management development program may help reduce employee turnover, improve employee satisfaction, better able a company to track manager performance, improve managers’ people management skills, improve management productivity and morale, and prepare managers for technological change.

Action learning

Many management qualifications now have an action learning element. Action learning asserts that individuals learn best from hands-on experience.

Coaching

Main articles: business coaching and executive coaching

Coaching is a teaching, training or development process in which an individual is supported while achieving a specific personal or professional result or goal. Coaching is an effective learning tool that affects the bottom line and productivity, as well as intangible benefits. It aids in the improvement of individual performance, tackles under performance, and aids in the identification of personal learning needs.

Management education

One of the biggest growth areas in UK education since the early 1980’s has been the growth of university-level management education.^{[citation needed]} In addition to weekly part-time attendance at college/university, many students employ distance learning. The number of UK business schools grew from two in the early 1970s, to over one hundred providers.

Management development program

Management development program (M.D.P) are conducted by big cooperation and management institutes in order to enable current and prospective managers to develop an understanding of management concepts, practices, approaches and perspectives. The participants gain an immersive learning experience and are encouraged to provide insights on situational problems and are exposed to the views of other participants of their group. Through this process, they gain problem solving skills and analytical thinking ability.

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