Trends And Developments In Professional Development

AC 1.1

Analyse trends and developments in management that influence the need for professional development.

Collective leadership and staff empowerment - Coaching and mentoring people to become leaders has the potential to benefit business in a number of ways. It motivates greater commitment, engagement and accountability at all levels, and produces the future top business leaders.

Diversity and inclusion in management - Effective organizations and leaders are those that recognize diversity and inclusion as essential to business operations. Today's workplace, however, has departed from the traditional hierarchical model and transitioned into flatter and less-structured paradigms. Accordingly, the means and methods of leadership development also

According to Investopedia, succession planning is “a strategy for passing each key leadership role within a company to someone else in such a way that the company continues to operate after the incumbent leader is no longer in control. Succession planning ensures that businesses continue to run smoothly after the business’s most important people move on to new opportunities, retire or pass away.” (Anon., n.d.) Coaching and mentoring can facilitate succession planning.

Professional and personal development helps the organisation in product and new materials development. It will reduce development costs of new products, services, software, and processes and shorten development times and time to market.

Process improvement is the proactive task of identifying, examining and improving upon existing business processes within an organization for optimization and to increase standards of quality. Professional and personal development supports the maintaining an increasing the standards of quality and increasing problem solving

The broader span of work, brought about by changes in organizational structure, also creates new demands, including Continuous competency development. Not only do workers need to keep their technology skills up to date, they need to be continuous learners in their knowledge fields and to also be more conversant with business strategy. Time to read and attend training classes is no longer a perquisite of only a few, it is essential for all workers.” (Heerwagen, 2016)

A personal and professional plan will support the organization to be in an advantageous position to succeed in its activities. This will help to retain and instruct prospective leaders for the future.

AC 1.4

Assess the benefits of planning own professional development.

A Personal development plan is self-reflection and improvement account, which doubles up as a detailed action plan used to fulfil academic, personal, or career based goals. Employees should plan their own development strategy in order to be prepared to take opportunities that occur in the organisation. The benefits of planning ahead include:

Allocation of resources - allocating time, financial planning, study leave and other resources necessary to attend the professional development.

Attract support of others - verify that you obtain the backup of you family, co-workers and the management.

Opportunity for reflection