Importance of Executive Development in Today’s Scenario
Almas Sabir, Department of Management and Information System, College of Business Administration, University of Hail, Hail, Saudia Arabia.
Manuscript received on January 01, 2016. | Revised Manuscript received on January 05, 2016. | Manuscript published on January 15, 2016. | PP: 1-2 | Volume-2 Issue-2, January 2016. | Retrieval Number: B0099012216
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The realities of globalization with increasing emphasis on executives and their development to present enormous challenges in developing the leaders to run global organizations. It is essential to train and develop executives who can succeed the managers of today. There are multinationals companies; particularly Indian and Japanese that still concentrate on vital decisions in the hands of small group of trusted leaders from their home country. They hire local specialized experts and country managers from emerging markets but forgets systematic and continuous efforts that are necessary to prepare managers who can successfully meet the challenges of present and future. Instead, they send their future global leaders for overseas appointments which is an extraordinary means to improve their behavior and performance. This is basically to improve the effectiveness of managers in their present jobs and to prepare them for higher jobs in future.
Keywords: Development, Executives, Globalization.