EXECUTIVE DEVELOPMENT

1). Define executive development?

Ans. Executive development or management development is a systematic process of learning and growth by which managerial personnel gain and apply knowledge, skills, attitudes and insights to manage the work in their organization effectively and efficiently.

According to FlIPPO “executive development includes the process by which managers and executives acquire not only skills and competency in their present job but also capabilities for future managerial tasks of increasing difficulty and scope.”

2). What are the characteristics of executive development?

Ans. The characteristics of executive development are as following: -

* Executive development is a planned and organized process of learning.


* It is an ongoing and never ending exercise.


* Executive development is a long term process as managerial skills can not be developed overnight.


* It aims at preparing managers for managers.


3). What are the objectives of executive development?

Ans. The programme of executive development aims at achieving following purposes: -

* To sustain good performance of managers throughout their careers by exploiting their full potential.


* To understand economic, technical, and institutional forces in order to solve business problems.


* To acquire knowledge about problems of human resources.


* To think through problems which may confront the organization now or in the future.

* To develop responsible leaders.


* To inculcate knowledge of human motivation and human relationships.


* To increase proficiency in management techniques such as work study, inventory control, operations research and quality control.



4). Give the process of executive development?

Ans. The process of executive development is as follows:

1. Analysis of development needs: - First of all the present and future development needs of the organization are ascertained. It is necessary to determine how many and what type of executives are required to meet the present and future needs of the enterprise.


2. Appraisal of the present managerial talent: - A qualitative assessment of the existing executives is made to determine the type of executive talent available within the organization.


3. Planning individual development programmes: Each one of us has a unique set of physical, intellectual and emotional characteristics. Therefore, development plan should be tailor-made for each individual.


4. Establishing training and development programme: - The HR department prepares comprehensive and well conceived programmes.


5. Evaluating developing programs: - Considerable money, time and efforts are spent on executive development programmes. It is therefore natural to find out to what extent the pregramme’s objective has been achieved.


5). What is the importance of executive development?

Ans. Executive development is important for the following reasons: -

* Executive development programmes are required to train and develop professional managers.


* It helps managers to develop skills to face cut throat competition.


* It enables managers to face problems related to technology and institution.


* It helps in developing better relations with the labors.


* Executives need training and education to understand and adjust to changes in socio-economic changes.


* Executive development is required to broader the outlook of managers.



6). What are the different methods and techniques of executive development?

Ans. The various techniques of executive development may be classified into two broad categories: -

1. On the job techniques: - It consists of: -

o Coaching
o Under study
o Position rotation
o Project assignment
o Selected readings
o Multiple management

2. Off-the-job technique: - It consists of : -

o Lectures
o Case studies
o Group discussions
o Role playing
o Management games
o Sensitivity training.