Management development is any attempt to improve managerial performance by imparting knowledge, changing attitudes, or increasing skills. The management development process consists of (1) assessing the company’s strategic needs (for instance, to fill future executive openings or to boost competitiveness), (2) appraising managers’ current performance, and then (3) developing the managers (and future managers). As we explained in Chapter 5, (planning and recruiting), development is usually part of the employer’s succession planning. Succession planning refers to the process thorough which a company plans for and fills senior level openings.
Management Development means any attempt to improve current or future management performance by imparting knowledge, changing attitudes, or increasing skills.
Management development is the process of educating and developing selected personnel so that they have the knowledge, skills, attitudes, and understanding needed to manage in future positions.