Create a Management Development Program

Management development is defined as a planned learning process that may include mentoring, training, college courses, and job rotations to prepare employees with the skills required to manage the day-to-day work of an organization. This process enables employees to execute the strategies of the organization. Usually, there are defined competencies for managers such as knowledge and application of management theory and processes; finance and accounting; and interpersonal, problem-solving, leadership, and communication skills. In this issue, you will learn how to determine your organization's management development goals, l identify prospects for management training, build a management development program, and l monitor your program so that it can evolve with your business needs.