Management development is any attempt to improve managerial performance by imparting knowledge, changing attitude or increasing skills. In other words, it is a systematic process which prepares managers to handle present and future responsibilities.
According to DeCenzo and Robbins, “Management development is more future oriented and more concerned with education, than is employee training or assisting a person to become a better performer.”
Thus, management development is the process of enhancing one’s ability to overcome the environmental managerial challenges that is encountered by an organizational setting.
Objectives of management development program
- Increase the productivity and effectiveness of managers.
- Assist the organization to identify its future leaders and accelerate their upward mobility.
- Enable organization to produce the number of competent manger to anticipate growth needs.
- Encourage self-development and increases ability of managers to take greater responsibility.
- Enhancing managerial job satisfaction.
- Encourages the climate of participative management where individual and the organization can mutually set performance goals and measurement techniques.