Executive development refers to a systematic and continuous process of improving the knowledge, skills, abilities, attitudes and managerial competencies of executives so that they can perform their present responsibilities effectively and prepare themselves for future leadership positions. In managing human resources, executive development is an important activity because the success of an organisation depends greatly on the quality of its managers and executives. It helps organisations develop capable leaders who can handle changing business conditions, make sound decisions and guide employees towards organisational goals. Executive development is broader than ordinary training. Training generally focuses on improving skills required for a particular job, whereas executive development prepares managers for wider responsibilities and higher positions. It is a long-term process that develops both professional and personal qualities. It may include formal education, management training programmes, coaching, mentoring, job rotation, case studies, conferences, seminars, management games, role-playing, projects and practical work assignments. Executive development begins with identifying the present and future requirements of managerial positions. The organisation assesses the capabilities of executives, identifies