Management development contributes to business success by requires to meet its present and future needs.
FIVE AIMS OF MANAGEMENT DEVELOPMENT IN AN ORGANIZATIONAL SYSTEM:
•Is to ensure that managers understand what is expected of them.
•Is to ensure that managers agreeing with the objectives against which their performance will be measured and the level of competence required in their roles.
•Is to encourage managers to carry out their development plans and also to ensure that they receive the training development programmes.
•Is to identify managers with potential skills, experience e.t.c
•Is to provide for management succession, creating a system in place to keep this under review.
TEN IMPORTANCE CHARACTERISTICS OF MANAGEMENT DEVELOPMENT IN AN ORGANIZATIONAL SYSTEM
•It tries to bring to the surface human abilities which are untapped and it is these which in the final analysis determine the success or failure of any enterprise.
•It helps the organization to make the right choice at the appropriate time in need.
•It helps the management of the organization to focus on the need for any kind of change that might occur within an organization.
•It allows the organization to apply the useful methods or techniques for selecting rightful candidates for any post available within an organization.
•It fosters towards economic growth and development of an organization.
•It set out a focus in which the objectives and goals of the firm are realized or achieved.
•It tries to see to the smooth working performance within an organization
•It tries to bridge the gap of cultural diversity within an organization(i.e between employee to employee relationship or between employee to employer relationship).
•It tends to forecast the future orientation of the firm and how it can adjust quickly to any kind of shock that might likely arise.
•It tends to see that workers perform their work effectively and efficiently according to the guidelines (blueprints) of the organization.