What are the benefits of the development of managers?
03 Sep 2010
When thinking about the benefits of investing into the development of managers within a business, it is necessary to first consider the answers to a further two questions :
1) What is the business or organization striving to achieve?
2) How do the managers need to think and act for the business to achieve these goals?
Management development can only help to improve the performance of a business if the development activities are directed in the right way and are aimed at achieving a measurable change. For example, the outcomes required from the development activities may be around:
* Developing managers to have more impact and influence with the intention of leading to increasing sales revenue.
* Improving the performance management skills of managers to in turn improve the productivity of staff to increase capacity and / or reduce costs.
It is also good to remember that there are a range of less tangible business benefits associated with management development activities - for example, investment in training and development is often seen by employees as a sign of being valued by the company, as well helping to create a positive business and professional image. Businesses that are seen to invest in staff development will not only find it easier to recruit quality personnel, but will also enjoy much lower rates of staff turnover.
However, it is important to recognize that individual development is not just about “going on a course”. While training courses will enable a manager to address a specific skills gap, there are other alternatives to consider - for example:
* Secondments into other roles within other teams or departments to improve business understanding and team focus.
* Coaching.
* Mentoring
* Project work
* Networking
* Reading
This list is by no means exhaustive!
Whatever the reason for investing in management development, the impact on individual performance and the impact on the company's bottom line should always both be kept in mind, measured and regularly evaluated to ensure that the investment is worthwhile and that the full benefits have been gained.
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