Management development is a continuous learning process that helps professionals improve their overall management skills, such as team-building, delegating assignments, and problem-solving. These training programs typically focus on the latest management techniques, making them an excellent tool for managers looking to advance their careers. Businesses benefit from a well-learned leadership staff as well. Many companies will provide management development resources for all employees, with the goal of forming a team of well-rounded leaders who have the skills to increase business growth and employee retention rates. Common approaches to management development include educational courses, mentoring programs, and even job rotation.