Success in management development is always difficult to measure, and it is made more difficult in some cases by the fact that trainers are not aware of what to look for in the first place. Management development can fail for any number of reasons. There is, however, no one factor that will lead to success. A number of interrelated activities need to be considered that together can bring about successful management development.
The major aim of this paper is to study the challenges and success factors of management development in third millennium and to present an integrated approach to planning management development. The mentioned aim is studied by supposing some variables including the challenge of learning, the power of teams, time as a competitive weapon, dramatic leadership, globalization and transnationalization, flexibility and resilience, customer responsiveness, technology and information systems, system thinking as challenge of management development in third millennium and selecting the right people, support from top management, managerial involvement in diagnosing needs, designing practical work-related development activities, actual management experience, self-review, follow-up, and accountability as a success factors of management development in third millennium.
The research methodology is descriptive and for collecting theoretical aspects of the research scientific books and journals are used. The results of this paper indicate that management development is a changing field and it is critical that organizations understand their own management development needs. However, it must be appreciated that this is a ‘‘moving target’’ and because new individuals and new strategies are introduced for the companies should proactively customize a solution based on these needs.
This paper is valuable for the organizations and human resource development professionals who are considering or reviewing their current management development activity. It makes a number of recommendations for organizations seeking to implement best practice management, as well as detailing the likely future nature of management development across the board.
|Keywords:||Management Development, Challenges, Success Factors|
Faculty Member, Management Department, University of Isfahan, Isfahan, Isfahan, Iran (Islamic Republic of)
Ph.D Student, Management Department, Economics and Business Administration Faculty, University of Isfahan, Isfahan, Isfahan, Iran (Islamic Republic of)
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