Training of Managers

Abstract

The article underlines the importance of training of managers and the role of students from different cultural environments. As a result of economic growth on an international level, the role of training managers on such a level has become increasingly important. This training method also offers an excellent opportunity for networking, which is very important in business today, especially for smaller countries. Main source of competitiveness today consists of a combination of know-how, technology and motivational environment with the ability to react fast to any changes on the market (access and flow of information). Thus it can be concluded that post-graduate studies abroad must have a much higher importance for countries in transition in comparison to studies offered in recently established organizations in the country of origin. Latter, nevertheless are trying to cooperate with similar institutions abroad, but this can never be compared to the possibility of gaining experience and making contacts abroad.