In management development programmes the faculty

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organizational growth. In management development programmes, the faculty members share their experiences in organizational context using anecdotes relevant to the development programmes. 16.2 OBJECTIVES After reading this lesson you should be able to understand Management Development Programmes Essentials of Management Development Programmes 16.3 CONTENTS 16.3.1 Need for Management Development 16.3.2 Concept of Management Development 16.3.3 Management Development Objectives 16.3.4 Essentials of Management Development Programmes 16.3.1 Need for Management Development In today’s time, the survival of a business is not the only requirement. It has to grow, keeping pace with the global economy. ‘Survival of the fittest’ was the law of jungles. At present, in the industrial scenario characterized by acute competition, ‘survival of the fastest’ is the prevailing law. Organizations that are fast and consistent are likely to survive and grow. Management development is necessary for the following reasons: 1. Rapid changes are taking place in the technological and industrial scenario. Managers are facing multifaceted problems arising out of automation, intense market competition, growth of new markets, rising customer consciousness, enhanced labour participation, and the like. 2. O rganizational leaders are increasingly recognizing the company’s social and public responsibility essential to be close to the society and customers. 3. Size and complexity of the organizations are ever increasing; a huge number of people are required to be managed, and the complexities have to analyse for solution. 4. Multicultural issues are emerging as vital considerations and the issues are crucial for multinationals. 5. Union-management relations are becoming more and more intricate, thus necessitating precise industrial relations.
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149 6. The socio-economic forces, effective market force, changes in public policy and concepts of social, industrial democracy, ecological imbalances (smog or pollution), ekistics (problem of human settlements) and, ergonomics (human engineering), are changing. 16.3.2 Concept of Management Development The important assumptions and concerns behind management development are as follows: 1. An executive needs development throughout his work life and his professional career. Thus, management development is an on-going activity. 2. There always exists a gap between ‘required performance level’ and the ‘capacity’ of an individual. Management must fill in the gap to provide an opportunity for improvement. 3. Some personal variables (such as age, habits, level of motivation, state of mind, etc.) retard the growth of an individual. 4. In work situation, growth involves stresses and strains. Development can seldom take place in a completely peaceful atmosphere.
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