Importance

Executive Development has become crucial to modern organisations in mean of the following reasons:

1. For a business, Executive Development is priceless investment in the long run. It helps managers to attain skills, knowledge and abilities (KSAs) needed grappling with complicated changes in technology, environment and processes quite fruitfully. They may have a better grip over market forces and obtain ahead of others in the race in a confident manner.
2. Developmental attempt help executives to realise their own career objective and aspirations in a planned way.
3. Executives may show superior performance on the job. Handling varied jobs of enhancing problem and scope, they become more versatile, helpful and productive. The rich experience that they attain over a period of time would help them step into the shoes of their superiors simply.
4. Executive Development programmes help managers to make vast their outlook, look into several problems dispassionately, examine the consequences carefully, be grateful for how others would react to a specific solution and discharge their responsibilities taking a holistic view of the overall organisation.
5. The special courses, committee assignments, projects ,job rotation and other exercises help managers to have a feel of how to discharge their duty without rubbing people (customers, peers, superiors, competitors, subordinates  etc.) in the wrong way.