In the current downturn, many companies have adopted a slash and burn approach to executive development. While a bit of pruning may well be in order, a wholesale dismantling of management training is short sighted. Well-designed programs provide benefits well in excess of their cost: They help managers who have never seen a recession avoid common mistakes; they allow top executives to drive their agenda. Employees, moreover, are highly motivated to learn anything that will help them navigate the current downturn.
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