This document discusses management development and leadership training. It explains that organizations use tools to identify management potential and provide intensive development programs for future leaders. Management development aims to challenge all managers to grow through performance and prepare for tomorrow's requirements. It involves assessing employees and training them in leadership skills like cognitive, behavioral and environmental skills. Management development can be used to attract, retain and monitor managerial talent, and provide competitive advantages. The document outlines the processes organizations use to conduct management development programs, including determining competencies, roles and accountabilities, and developing individuals' careers. It also discusses fast-track management development programs used to identify leadership potential and supplement managerial skills.
2. Organizations today are implementing a
multitude of tools to identify
management potential, along with
intensive efforts to develop those future
leaders
3. How are the future leaders of an
organization selected?
How are those future leaders
developed?
4. “Management development must embrace all
managers in the enterprise; it must aim at
challenging all to growth & self development. It must
focus on performance rather than on promise & on
tomorrow’s requirements rather than those of today.”
-Drucker, 1955, The Practice of Management
5. “Management Development is an aspect of organizational
development that covers recruitment and assessment of
executive level employees and training them in leadership to
equip them for higher positions.
This process generally includes development of cognitive
(thinking, idea generation, and decision making), behavioural
(choosing appropriate attitudes and values), and environmental
(suiting management style to the situation) skills.”
-Walden University
7. MD process can also be used for:
Attracting
potential
employees to
organization
Retaining
employees
Monitoring
and
maintaining a
stock of
managerial
talent
Obtaining
competitive
advantages
Reinforcing or
reshaping of
organizational
strategy
11. Business Strategy
Critical Success Factors
Organizations Capability
Business Performance
Management Capability
Business Environment
Developed within
the
Organization
12. The Process
Vision, Mission &
Values
Determine
Competencies,
Tools, Roles &
Accountabilities and
Sustaining methods
Identify candidates
selection for
Opportunities
Development
Assessment, Re-
assessment Lessons
Learnt
14. Objectives of career planning
More effective
development
of available
talent
Satisfaction of
employees
personal
development
needs
Increased
employee
loyalty &
motivation
A method of
determining
training &
development
needs
Improvement
of
performance
through OJT
experiences
Assign
Responsibility
for career
development
15. Responsibility for career development
Top
management
must first
make a strong
commitment
to support
career
development
The HR
professional
are then
responsible for
implementing.
The immediate
supervisors
responsible for
providing
support,
advice and
feed back
Individual
employees are
then finally
responsible for
developing
their own
careers
17. Fast track management development
programs are being used as an integral part
of today’s management development effort as
organizations use this development process to
help identify leadership potential, outline
areas for growth, and supplement managerial
skills.
20. High potential
individuals usually
are smart (yes, IQ
matters);
they want to stay
with the
organization;
they have
emotional maturity
and strategic
thinking skills; and
they are engaged in
their job and find
meaning in their
work.
What are the key
attributes that
differentiate
someone with
potential from
someone without
potential?
21. 5 Commonalities
Picked
early in
their
careers
Engage in
a fast rate
of lateral
movement
Maintain a
carefully
monitored
career
Receive
special
coaching
or
mentoring
Are
expected
to quickly
ascend to
leadership
22. M.D. TO BE TRULY EFFECTIVE
an
organization’s
culture,
organizational
infrastructure
management
support,
process
orientation,
clarity of
vision, and
current level
of
management
development
structure