Education and Its Impact on Human Resource Management and Management Development

Education is a crucial condition for social economic and personal empowerment required for management development. Management education is critical for organizational management which necessitates a focus of attention towards management development. It is obvious that in developing countries of the world today there is acute shortage of skilled manpower and learning organizations like reputable financial institutions are in the forefront in promoting management development with the aim of enhancing organizational performance. Education and human resource development are essential for human progress and contribute tremendously towards worker efficiency and productivity. Self-development, learning, training and development among employees must be encouraged in organizations as the bedrock for effective management development. Effective management development promotes the emotional intelligence of organizational membership and this is of great relevance to ensure conducive social and psychological environment as well as creating cooperative behaviours in the workplace. The exploratory research design was used for the study and the result showed strong positive relationship between the variables of study. The study was not exhaustive therefore further study should examine the relationship between management education and national development. It was recommended that governments should ensure the development of suitable curriculum to improve the quality of education and management development in society.