Question

In: Operations Management

Describe the pros and cons of five Management Development methods. Which one do you feel is...

Describe the pros and cons of five Management Development methods. Which one do you feel is the most effective? Refer to Chapter 8 pages 231-271 Question on page 264.

Human Resource Management 15th Edition, Gary Dessler

Solutions

Expert Solution

Management development techniques aim at overall development of the employee in the organization. Development of employees is important for their personal growth as well as company’s overall growth. The various types of management development techniques are:

  • Job rotation: The employee gets rotated on various available jobs in the company, based on his profile.
    • Pros: Develops the overall skill set of the employee
    • Cons: Quite costly technique
  • Succession planning: This technique helps in preparing the employees to take future roles, top the ladder
    • Pros: Effective succession planning program leads to increased employee morale
    • Cons: If succession planning is poorly thought and executed, the overall business suffers
  • Coaching: Experienced seniors try to guide the juniors about having an effective career in the company
    • Pros: This technique leads to holistic development of the employee as the guidance is totally focused on him
    • Cons: This technique offers limited guidance, only from the senior and does not considers others in the company
  • Internal training program: Many companies conduct in-house training based on the training needs identified of the employees.
    • Pros: This technique offers cost effectiveness and focused approach
    • Cons: This process can be costly to maintain in the company
  • Vendor provided training: They are the professionals whom the company can hire for developing the employees
    • Pros: The training will have a professional approach
    • Cons: The training can miss the objective and specific needs of the company

Related Solutions

What do you feel are the pros and cons of Projective Tests and Why?
What do you feel are the pros and cons of Projective Tests and Why?
What are some pros and cons of Bitcoin? Would you feel safe using it?
What are some pros and cons of Bitcoin? Would you feel safe using it?
1. Describe pros and cons of CIT tax 2. Describe pros and cons of PIT tax
1. Describe pros and cons of CIT tax 2. Describe pros and cons of PIT tax
Describe the importance of working capital management. What are the pros and cons of maintaining high...
Describe the importance of working capital management. What are the pros and cons of maintaining high working capital?
Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness: Which regulation...
Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness: Which regulation method is the most effective? Why? Which regulation method fits and exemplifies the two regulation theories? If you were charged with regulating a monopoly, how would you do it? Take parts from each regulation method you discussed and explain why you think your method would be effective.
The Five Management Functions as a Coordinated System. Of the five management functions, which do you...
The Five Management Functions as a Coordinated System. Of the five management functions, which do you expect will experience the most dramatic changes in the next decade? Defend your answer. Which will have the least amount of change? Explain your answer.
What do you feel could be the challenges of MIS (Management information system) and strategy development?
What do you feel could be the challenges of MIS (Management information system) and strategy development?
There are both pros and cons of globalization. One of the pros is that globalization improve...
There are both pros and cons of globalization. One of the pros is that globalization improve the global economy by having access to other countries sales and business. This can help bring all the businesses together on a global scale and bridge the gap. I have worked for two auto parts retailers who have decided to go direct to China to import auto parts. In both instances, department was created in order to manage shipments, place orders and comply with...
Pros, Cons, and usefulness of Management by Walking Around (MBWA)?
Pros, Cons, and usefulness of Management by Walking Around (MBWA)?
What do you see as the pros and cons of government safety regulations?
What do you see as the pros and cons of government safety regulations?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT