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Develops Managerial Talent for the future?
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Develops Managerial Talent for the future?
Https://hbr.org/2020/01/how-the-best-managers-identify-and-develop-talent
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Develops Managerial Talent for the future?
Developing Managerial Talent for the Future


In today's fast-paced business world, organizations need to have a strong pipeline of managerial talent to lead their teams to success. Here are some ways to develop managerial talent for the future:



  • Invest in Professional Development Programs: Organizations should invest in professional development programs that focus on building key managerial skills such as leadership, communication, problem-solving, and decision-making. These programs can be offered in-house or through external training providers.


  • Mentorship: Pairing up junior managers with experienced mentors can help them learn from their mentor's experiences and gain valuable insights into the industry. This can help them develop their own managerial skills and become better leaders.


  • Job Rotations: Job rotations can help junior managers gain exposure to different functions within the organization and build a well-rounded skill set. This can help them develop a holistic understanding of the business and prepare them for future leadership roles.


  • Performance Management: Regular performance management can help managers identify their strengths and weaknesses and work on improving them. Organizations should provide constructive feedback, coaching, and support to help managers develop their skills.


  • Encourage Innovation: Encouraging managers to come up with innovative ideas and solutions can help them develop their creative thinking and problem-solving skills. This can also help them identify new opportunities for the business and drive growth.


  • Leadership Training: Organizations should offer leadership training programs that focus on building key leadership competencies such as strategic thinking, vision setting, and team building. This can help managers develop the skills they need to lead their teams to success.



By investing in these initiatives, organizations can build a strong pipeline of managerial talent for the future. This can help them meet their business goals and stay ahead of the competition.
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Read the following text and answer the questions given below:Alpha Tonics is a progressive company which has achieved new records in the field of medicines. Recently the company decided to go for a major shift in policy decision by handing over the decision making authority to the lower most level of employees. For this the company went for a thorough planning. Within four months the positive results of this major policy decision was recognizable. The employees felt a lot of development in their skill of taking first step to manage things on their own. Some major newspapers also covered this development. The production of the company increased. The company's top management could now focus on new areas of innovation as the employees turned more reliable.One day it so happened that the company's manufacturing branch in south could not fulfill even half of its production target and the operations manager was held answerable for the assigned target. He was called in the office. When he was questioned it was found that his right to command the workers was insufficient and it should have been more to create results. The management decided to listen to him and he was given more power. When he went to the shop floor he told the workers that the standard of behaviour of the workers should come from the official rules and procedures.Q. Which of the following advantages of decentralization have been highlighted in the above case?

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