What is Management Development Program?
Management development programs offer managers and executives a systematic way to learn about new concepts and ideas that can help them become better leaders. Management development programs are available at many professional institutes in India, including the Administrative Staff College of India, Management Development Institute, Indian Institute of Management, Quality Management International, National Institute of Personnel Management, Indian Society of Training and Development, and others.
The major components of the Management Development Programs are as follows:
- Selection: Determining executives’ natural potential or managerial abilities.
2. Cognitive conditioning: Educating executives and managers on various management tools and techniques.
3. Supervised training: To assist executives and managers in applying and applying knowledge in day-to-day activities.
Here are some of the advantages of the Management Development Program:
- Promoting a culture of innovation
- It boosts employee loyalty; and
- It facilitates succession planning.
- It boosts human capital
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