Solution
Executive Summary
This report entails the advantages and disadvantages of leadership and management development. It also involves the advantages and disadvantages of the development. The report finds that leadership and management development are critical in ensuring that the leadership team has adequate skills and competence to achieve the organisational goals and objectives. The development approaches as described by Subramony et al. (2018) enhance the human and social capital, which are central to the employees and organisational performance. Further advantages of the leadership and management development include maximising the employees’ potential, learning conflict management, and develop a culture of excellence. The disadvantages include the need for sufficient time and resources, and ensuring that the development program is aligned with the firm’s goals and objectives (Moldoveanu and Narayandas, 2019; Thakur and Srivastava, 2018). Another disadvantage is the possible resistance to change by the employees.
Table of Contents
Leadership and Management Development 1
2.0 Leadership and Management Development 4
Contemporary companies are acknowledging that for them to remain competitive, they should focus on the leadership and management development. In the last decade, Willis et al. (2017) note that the majority of companies have faced rapid changes, including technology, globalisation, wide range of careers, and the changing company structure. Leaders and managers play a core role in creating a high-performing company. It is therefore imperative for firms to develop the management and leadership to produce talented individuals that can transform the company to ensure sustainable competitiveness.
2.0Leadership and Management Development
Leadership and management development focuses on the future stewardship and governance of the company. It involves forging an agenda to dictate the structure, fitting values, and program content to promote the leaders and managers’ competencies. There is a difference between leadership development and management development. In leadership development, it is concerned with developing a leader to understand oneself as the leader. According to Anderson (2017), leadership development entails equipping the individual with the right skills and competences, including teamwork, communication, and interpersonal. This ensures that the individual’s skills are aligned with the company’s strategy and vision (Wajdi, 2017). Management development involves the manager getting a grip of the process and hard elements, including planning, prioritisation, execution, and control.
The advantages of leadership and management development include;
Improve employee engagement and performance: Leadership and management development equips the leaders and managers with various skills, including communication, critical thinking, decision-making, and teamwork. The leaders and managers also learn how to interact with the employees and ensure that their values are aligned with those of the organisation. These skills are important in enhancing the employees’ performance.
Enhance the company’s performance: Leadership and management development
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