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Since independence, we have witnessed a tremendous growth of organized industrial and business activity in the public sector enterprise with a commensurate growth of management talent to administer these enterprises in a sound and efficient manner. It has been observed that lack of qualified and competent managerial personnel is an important factor prejudicing the success of an enterprise. Executive talent is the most important aspect of an enterprise. It is not shown on the corporate balance sheet, but it influences appreciably the growth, progress, profits and the share values, than any other corporate asset. An organization has to develop the potential of all those who are in the management positions. No modern organization can be successful for a long period without planned attention to the growth and development of its managerial staff.

“An Emperical Study of Executive Development and Training Programme of Central Public Sector Enterprises in India”