The document provides an overview of management and leadership development. It defines development as organized learning activities that improve job performance and personal growth. The benefits of investing in development include attracting and retaining talent, improving engagement and productivity, and gaining a competitive advantage. Development activities are categorized as learning through experience, others, and education. On-the-job activities like assignments, projects and job changes are effective ways to develop skills when possible. Development is a shared responsibility between employees and their organizations.