Definition: Management Development

Management Development is best described as the process from which managers learn and improve their skills not only to benefit themselves but also their employing organisations.[1]nnIn organisational development (OD), the effectiveness of management is recognised as one of the determinants of organisational success. Therefore, investment in management development can have a direct economic benefit to the organisation.nnManagers are exposed to learning opportunities whilst doing their jobs, if this informal learning is used as a formal process then it is regarded as management development.nnIn 2004 the spend per annum per manager on management and leadership development was £1,035, an average of 6.3 days per manager.[2]nnWhat management development includes:nn• structured informal learning: work-based methods aimed at structuring the informal learning which will always take place n• formal training courses of various kinds: from very specific courses on technical aspects of jobs to courses on wider management skills n• education: which might range from courses for (perhaps prospective) junior managers or team leaders n

o Level 2 Teamleading (ILM) no NVQ Level 3 no Certificate in Management /Studies no Diploma in Management /Studies no MSc/MA in management or Master of Business Administration (MBA) degrees.

nThe term 'leadership' is often used almost interchangeably with 'management' Leadership which deals with emotions is an important component of management which is about rational thinking..[3]nnThe Management Charter Intiative (MCI) originally set out management competencies for management S/NVQ’s, these competencies are now part of the National Qualification Framework (NQF), it is from these competencies that managers can be assessed and development needs determined.nnWikipedia, the free encyclopedia © 2001-2006 Wikipedia contributors (Disclaimer)nThis article is licensed under the GNU Free Documentation License.