Management development is a process in which leaders and managers develop their knowledge, skills and competences through a range of “interventions” which can include formal or informal learning with the objective of that intervention being of benefit to the individual and the organisational.
Ensuring that the effective leadership and management of organisations in both the private and public sector is generally believed to be crucial to success of of organisations which will then generally lead to a better sense of economic performance nationally. Over the years many reports from organisations such as the CIPD, ILM, CMI and others have suggested the UK has certain issues in the abilities of its managers when compared with managers at the global level.
This means that the development of managers to help sustain their performance at the highest levels possible is a particularly crucial element of wider organisational learning strategies.
Managing involves the planning, organisation, co-ordination and implementation of strategies, programmes, tactics and policies in respect of people, resources, information, operations and finance. Management development interventions may therefore cover any or all of these areas, depending on the level and nature of the management role as well as other factors such as the stage of the individual’s career.