Formal approaches to Management Development










Formal approaches to Management Development

Management Development is concerned with improving the performance of managers in their duties, preparing them to take on greater responsibilities in the future and also developing their leadership skills as well. A systematic approach to management development is necessary to meet the needs of organizations for the talented managers they require and because the increasingly onerous demands made on managers mean that they have to possess a wider range of developed skills than ever before.
The objective of management development is to find the ways in which the company can produce, mainly from within, a supply of managers better equipped for their jobs at all levels.
Formal approaches to management development consist of processes and event that are planned and provided by the organization. These should be based on the identification of Development needs.

Objectives of management Development

01. To bring current performance of the managerial personnel up to the highest attainable level
02. To ensure the availability of qualified managerial manpower
03. To ensure the managerial capability
04. To aid and encouraging and achieving self-development and self confidence
05. To provide opportunities for managers to upgrade their knowledge and skills

Under this topic the formal approaches that can be used as mentioned below

01. Planned experience, which includes job rotation, job enlargement, taking part in project teams or task group and secondment outside the organization
02. Coaching- a personal and usually one- to- one approach to helping people develop their skills and the level of competency
03. Mentoring- the process of using specially selected and trained individuals to provide proper guidance and advices to develop
04. Action learning- a method of helping managers to develop their talents by exposing them to real problems
05. Outdoor learning- getting terms of participants to carry out physical activities so that they can learn about how they act under the pressure as a team leaders
06. The use of performance management processes to provide feedback and satisfy development needs

Conclusion-

Under the organizational/company level this management development is very important this to develop the managers to get highest productivity to the company same time developing the staff member in the organization. Also this is very useful to understand the behaviors of the people in changing socio cultural environment and to meet the needs of the customers. Also this is very important topic to understand the social responsibilities of the business and to have a harmony and peace in the organization.

References:
Drucker,P (1955) The practice of management, Oxford , Heinemann

Armstrong, M. and Stephen Taylor (2014) Armstrong Handbook of Human Resource management practice, 13th edition 

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