Management Development

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Description of Management Development. Explanation.




Definition Management Development. Description.

Management Development is the process of ensuring the organization has the appropriate management competencies to meet its business objectives. This includes assessing existing skills and abilities and identifying actual and potential shortfalls and problem areas.

For the participating managers, participating in a MD program has a number of benefits:

  1. It increases the value of the participating manager to the organization where he/she is currently employed and thus increases job security.

  2. It increases the career opportunities of the participating manager within the current organization.

  3. It increases the Employability of the participating manager outside the current organization.

  4. It fulfills Love and Belongingness Needs, Self-Esteem Needs and Self-actualization Needs that the participating manager derives from his work.

Some approaches and techniques to Management Development are: Mentoring, Coaching, Performance Appraisals, Self-Appraisals, Peer-Appraisals, Behavioral Observation Scales, Competency Assessments, 360-Degree Feedback, job rotation, professional development, training and education.

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Compare with: Employability  |  Employee Development  |  Career Management  |  Management Succession Planning  |  Talent Management

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