Advantages & Disadvantages of Management Development Methods.
There are many different approaches to management development. Some companies have a very defined approach to educating their leaders, while other organizations choose to train each manager in a slightly different way. Career development programs, university education programs and mentoring are just a few of the options. Each option has its own advantages and disadvantages, including costs, time and course content. Weighing the pros and cons of each and deciding on an approach for your company is an important decision for your organization’s future.
A common approach to management development is to send your managers and supervisors to a college or university program for executive development. Many colleges offer certificate and degree programs and offer these programs at various times and locations. These programs have the advantage of sound learning and experienced professors, as well as a track record of success throughout the years. These programs are usually expensive, however, and also take time to complete successfully. Carefully select the individuals who you send to these programs since they represent an investment.
Coaching is another method your company can use to develop managers and leaders. This technique uses other successful managers to train, advise and coach newer supervisors in order to gain knowledge of both the company and management procedures. This method has the advantage of one-on-one training, which allows the trainee ample time to ask questions and receive feedback on performance. A disadvantage is that the new manager receives coaching and advice from only other managers, not peers or outside participants. Coaching also provides company-specific information to your new leaders.
Internal Training Programs.
A big advantage for internal training programs as a means to develop your managers is that your training will be tailored to the specific needs of your company. You will be able to identify training needs and create solutions to meet those concerns. Internal training can be costly to develop and maintain, and you will have to update and add to programs yourself. You also will not be able to interact with other managers from different companies, as you would with external programs.
Many consultants and vendors also offer management and training development programs. You can select from many trainers, costs, locations and programs, and you can use them whenever you desire. Many of these programs can be costly, and they will not always be tailored to your company’s individual development needs. Some vendors will also train your company trainers to teach their courses at your company. You must be certain that these programs train your managers on skills and techniques that you find useful and make a difference for your organization.