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Management Development
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Management development involves a range of processes that are given to managers within an organisation to help them meet their management goals. This kind of development can be given as a one-off specific training program, or as an ongoing training and development initiative.
So, for example, a company may send new managers off on a management skills course to help them develop the expertise that they need to manage other people successfully. Alternatively, the company may have a series of training courses within a longer term management development program that managers will attend over a period of time to help them gain all the skills needed to do their job.
This term is also often used to describe the way that a company structures its own career structure to allow personnel to move up the hierarchy. So, for example, a company with a graduate training program may have a specific management development scheme that is tacked on to the latter end of the graduate traineeship for candidates that show a certain aptitude or skill set.
Here, employees will be given the additional training/skills that they need to be fast-tracked through the organisation to reach various management positions. In this kind of environment the employee will know that all being well they will be able to progress up the corporate hierarchy in set steps as their career progresses.
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