A new report on management development, to be published on Tuesday by CEDA, shows Australian organisations need to:
The study, CEDA Information Paper 83: The Effectiveness of Management Development in Australia, reveals the quality of management education has improved, but the way employers approach it is now the biggest problem. This is a substantial change from the situation ten years ago, when the Karpin Report highlighted the critical importance of education, training and ongoing professional development for managers.
The report's key findings are listed on page 1 of the report.
CEDA chief executive officer David Edwards said the report showed companies need to create stronger links between their management development programs and corporate strategy.
"It's no coincidence that the highest performing workplaces have strong ties between their corporate and HR strategies", he said.
Dr Brian D'Netto, who wrote the report, said that failing to use management development effectively would compromise Australia's ability to compete internationally.
"Management development is a necessity, and becoming more so every day because of the rapid pace of change in workplaces. If we don't create first-class human capital, we will be left behind in the global economic race."
The report argues for a quantum shift in the value organisations place on management development.
Said Dr D'Netto: "To be effective, management development must be linked to corporate strategy, it must be systematic, and organisations must allow managers to apply skills learned in development programs. By and large, this is not happening."
The CEDA report is based on work by Dr D'Netto and co-author Fotini Bakas to develop a model of management effectiveness. The model of management effectiveness highlights nine variables that determine whether management development is effective. The results are based on surveys of 206 managers in 153 organisations.
The research was sponsored jointly by CEDA, Mt Eliza Business School and the Australian Human Resources Institute (AHRI).
The same study also found that younger people are being overlooked for management development, and that women derive fewer benefits from attending programs, the report says.
CEDA Information Paper 83: The Effectiveness of Management Development in Australia is attached in PDF format. It will be released to CEDA members and made available for purchase on CEDA's Web site on Tuesday, August 16. For printed copies, media should email info@ceda.com.au
For further information please contact:
John Harris
Corporate Relations Director
Phone 03 9652 8415
Email info@ceda.com.au
Printed from the CEDA Web site at http://ceda.com.au. Copyright 1999-2009 CEDA