Management Development Methods Shakhzod Yusupov Group 3300 Management Development Methods

Management Development Methods

Shakhzod Yusupov

Group 3300


Management Development Methods

Learning Outcomes:

After completing this module the students will be able to-

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  Concept of Management Development
  
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  Purpose of Management Development
  
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  On the job methods of Management Development
  
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  Off the job methods of Management Development
  

Management development has emerged as one of the imminent and complex tasks in the field of human resource management. In the dynamic business world of today the only sustainable competitive advantage with an organization is its workforce. Therefore, proactive organizations make every bounded attempt to retain competent employees for desired results. They leave no stone unturned in developing their current and prospective employees so that they can completely utilize their potential for meeting their individual as well as organizational goals. Management Development is one such method through which managers in an organization enhance their knowledge, skills and abilities to improve their performance as well as behavior at the workplace. It not only enhances the skill set of managers for current job but also prepares them for future tasks, which may require specialized knowledge and skills.

Purpose of Management Development

Management Development has multidimensional aspects. The goals of management development are discussed underneath-

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  It is used to enhance the knowledge, skills and aptitude of executives so that they can perform more productively on their current and future positions
  
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  To make sure that organization has an adequate supply of personnel to serve its future requirements
  
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  To open avenues and provide opportunities for managers and help them in their career advancement
  
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  To equip executives with latest trends and knowledge so that they can perform more efficiently and also prevent obsolescence of knowledge
  

There are various methods of management development available to an organization. According to the need and requirement of the individual and organization, various methods are used to provide training and development to the employees. Various methods used for executive development are discussed below.