Management development aims to improve managerial skills through training. Key techniques include on-the-job methods like coaching, mentoring, and job rotation which provide learning through real experiences. Off-the-job methods like case studies, business games, and simulations recreate work challenges in a risk-free environment. The goal is to develop capabilities in areas such as decision-making, communication, and leadership for current and future managerial roles. A variety of evaluation methods provide feedback to assess training effectiveness and ensure managers can apply new skills back on the job.