Value of management training proven

View Latest News Publish Date: 19-Jan-2005

Value of management training proven

A survey of 1,000 managers from the Chartered Management Institute that took eight years to complete has provided new evidence of the impact having trained managers can have on a company's bottom line.

The report Management Development Works: shows how attitudes towards managers and management development have changed over an eight year period.

The results show that the traditional belief that "leaders are born, not made" has been replaced by managers now believing that management skills can be acquired through training and experience.

The report also shows that the responsibility for decisions about management development issues is increasingly being made at a board level, and senior managers are now more likely to be involved in the implimentation of development activities

The number of organisations who have a management development strategy and a budget to finance it is also increasing.

Appraisals are also becoming more wide spread, and are held more regularly. More businesses are also undertaking talent management exercises to identify individuals with potential and put them through intensive development.

Managers are now expected to be more customer focused than they where eight years ago, with managers recognising the importance of being to identify and meet customer needs.


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