This document discusses career management and development approaches. It begins by introducing the importance of career development for creating a continuous learning environment while balancing advancing current employees and attracting new talent. Career management is defined as a process where employees become aware of their interests/skills, identify goals, and take action. The document then discusses why career management is important for both companies and employees. It also explores traditional vs protean careers and presents a model of four career stages. The career management process and roles of managers, HR, and companies are outlined. The document concludes by covering mentoring relationships and their advantages/disadvantages as well as the concept of work-life balance.