DEVELOPING MANAGERS

INTRODUCTION

Management development is the procedure in which managers/executives obtain not only skills and competencies in their current jobs but also ability for future managerial tasks of enhancing problems and scope. To be useful and productive, managers have to develop their capabilities at frequent intervals.

MANAGEMENT DEVELOPMENT

Managers are the indispensable resources, the invaluable assets of an organisation. They produce creative ideas, translate them into concrete action plans and generate results. While they succeed, they are capable to keep everybody in good humour - by including shareholders, worker and the general public. They are hailed while 'invincible corporate heroes' and even treated like prized possessions of a country. While they fail, they demolish the scarce corporate resources and make everybody cry. Thus, the outcomes of managerial actions are going to be profound, deep and decisive. To obtain ahead in the race especially in a complicated, dynamic and ever-changing world, managers have to develop their capabilities that go beyond those needed by the current job.