Basically, management development is a term that describes any number of activities that reflect a planned effort to enhance employees’ ability in various individual and team management techniques. Very simply put, management development includes development of skills such as planning, organizing, leading and developing resources.
A key skill for any employees is the ability to manage their own work and control their career path. Highly motivated and self-directed individuals can gain a massive amount of learning and other benefits for their organization by implementing an aggressive management development program.
Management development refers to the process of training and developing managerial talent within a company or organization.
But why do I need to waste time on training and development? Why not just hire the people I need when the time comes?
Nurturing in-house management talent may not seem important, but it is one of the most important aspects of the development of any organization. This is the case for several reasons, some of which are listed below: