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Final

BUS 432 Study Guide - Final Guide: Management Development, Risk Management


Department
Business Administration
Course Code
BUS 432
Professor
Dave Thomas
Study Guide
Final

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BUS 432 FINAL EXAM
CHAPTER 7 TRAINING AND DEVELOPMENT
- Training for international assignments
- Management development models
Training cycle
- Regardless of scope all training programs will involve a needs assessment
based on the competencies required for the particular job -> this is the
most neglected part
- Evaluation should happen at every staged of the training cycle
2 approaches taken by global organizations to train local employees
1. Complete localization with all training designed and delivered at the
subsidiary
2. Total integration with all training directed from headquarters
Management Development
The management development process involves assessing the company’s
strategic needs and implementing programs to develop managers to meet this
need. This involves the development of global competent executives.
1. A starting point for management development mapping skills abilities
Management development lies on the one principle:
people learn most by doing
things they have not done it before
Three basic elements of management development are
1. Challenging assignments
2. Risk management and
3. Hardship testing
People develop thru challenging assignments, this requires risk management as
to avoid failure but not so much that success is guaranteed and that people will
never learn to deal with hardship
4 models of management development
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