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Those companies that no longer invest adequate time and money in management training in these times of austerity are almost certainly starting to lose ground and business. The Managing Director of a specialist contracting company related how his views had changed on management training costs after a recent review meeting with one of his most important clients, a major retail group. The review meeting assessed the work his company had completed over the last year, [...]
I remember quite vividly my first days as a manager, no sign of management development, promoted because I was good at my job, and under the assumption that I would be good at getting other people to do my job too. I was embraced by the Halo effect long before I’d heard of American psychologist Edward L Thorndike or his research. Thorndike’s research back in 1920 suggested that if someone thinks we are good at [...]
Right now management development should be at the top of the to-do list for every organisation, because, recession over or not, the going will be tough in the months ahead and investment in people is more important than ever. The return on investment for management development doesn’t present a quick win; the compound return is delivered over time. With budgets being cut and everyone on the hunt for savings, this area looks like easy prey. [...]