Factors Influencing Executive Development

Question

What are the Factors Influencing Executive Development?

Answer 1

A host of factors influencing the executive development processes in organizations are as follows:-

1. Failure to train the managers will lead to ineffective and inefficient managers who negatively affect the organization’s performance.

2. In the absence of training and developmental avenues, the performing managers may get demotivated and frustrated in leading the organizations.

3. The organizational performance may be affected by the loss of market shares, lower sales, reduced profitability, etc.

4. The absence/ shortage of trained and skilled managers make it important for the organizations to have appropriate retention strategies.

5. The competitive pressures make it necessary for organizations to continuously roll out new products and services, and also maintain the quality of the existing ones.

6. The competitive environment is making it imperative for the organizations to continuously restructure and re-engineer.