Management development by objectives

BUSINESS planning is undertaken to assist companies grow, while management development concerns planning an individual's growth in a company. Obviously these two kinds of growth are interdependent. As management development becomes more scientific, it must do more than keep up with change; it must lead change. Company organization directly influences a company's environment for management development. The job, education, training and the involvement of management are instruments for manpower growth and every company requires an action programme to achieve the objectives of organized manpower planning and development.