Jacob, the vice president of Money-Makers, is reviewing the development program for the company's middle managers. He notes that management development includes psychological profiles and mentors, as well as lateral moves to positions that give managers a broader view of the company. Jacob would like to add a component of formal education. Which option could be included in this new component?

Question

Quizplus · Accepted Answer

Workshops involving business games and simulations would be the best option to add a formal education component to the management development program. This would provide practical experience in various business scenarios and help managers to develop problem-solving and decision-making skills. On-the-job training (A) is already a part of the program, life coaching (B) and externships at local charities (C) could be helpful, but they are not formal education options. 360-degree feedback (E) is a feedback tool and not a formal education component.

Jacob, the Vice President of Money-Makers, Is Reviewing the Development