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Survey evidence is used to identify the perceptions of management development held by operating managers and corporate human resource managers in New Zealand companies. The results show that global business changes have affected New Zealand managers in significant ways and that,in response, companies are turning increasingly to in‐house development targeted at middle and supervisory level managers. Operating managers reveal that they have been unprepared for some of the consequences of the recent deregulation of the economy. There are useful suggestions for management developers, in particular with regard to the content and delivery of management education.

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