Management development

Management development is the process by which managers learn and improve their management skills. Management development is the process by which managers learn and improve their management skills. In organisational development, management effectiveness is recognized as a determinant of organisational success. Therefore, investment in management development can have a direct economic benefit to the organisation. In 2004, the money spent per year per manager on management and leadership development was £1,035, an average of 6.3 days per manager. Many management qualifications now have an action learning element. Action learning asserts that individuals learn best from hands-on experience.