Principles of Management Development

• There is generally a gap between potential and actual performance. Through management development, potential can be actualized. 
• Management development can be achieved by carefully formulating objectives and working towards actualizing them. 
• Development efforts are to continue throughout the executives' career. 
• Personal development can be achieved by understanding self as well as others. 
• Participation is essential for growth. Spoon feeding seldom brings significant or lasting improvement. 
• Feedback from a superior to subordinate and from a group to an individual is necessary for the recognition of short-comings and for keeping oneself in touch with the progress that has been achieved.