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to julcortes
Management development is concerned with improving the performance of managers in their present roles and preparing them to take on greater responsibilities in the future. It has been described by Mumford and Gold (2004) as ‘an attempt to improve managerial effectiveness through a learning process’. Management development activities are associated with talent management.
A systematic approach to management development is necessary because the increasingly onerous demands made on line managers mean that they require a wider range of developed skills than ever before.
A management development policy provides guidelines on the approach an organization adopts to the development of its managers. It is operationalized by a management development strategy. Mabey and Thompson (2000) state that management development policy consists of three variables: 1) the existence of written management development policy statements, 2) the degree of organizational priority given to management development, and 3) who takes responsibility for driving management development in the organization (the individual or the organization).