Questions & Answers
A column devoted to answering questions to which managers, executives and business owners want answers, answers that they can put to use in their work.
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What is Management Development?
- Written by Bernard Liebowitz, PhD
Q: I keep hearing about management development. What is it? And why should I be concerned about it?
A: Today's whirlwind of a market place insists that employees grow and learn more rapidly than ever before. As your business grows, new and unexpected challenges present themselves, issues that you never had to deal with before become common, new solutions are demanded. Unless you and your management team are able to adapt and think outside of the proverbial box, your firm's growth can be stunted if not reversed.
Mentoring and coaching programs in many industries and organizations are tailored to meet these demands. However, the managers and executives who would normally implement these programs have rarely been taught how to do so. They are simply expected to know how.