The document introduces the FORMET system, a novel approach to management education and training. The author argues for a Feed-back Oriented Rationalized Management Education and Training System to bridge the gap between management theory and practice.

Novel Features

• The FORMET system emphasizes the importance of feedback from learners to teachers, a feature the author claims is missing in the current management education system.
• It seeks to incorporate real-life outcomes of applying management theories into the educational process.
• The system aims to correct the "anachronistic situation" where management is taught at one time and applied much later, without a structured feedback loop.

Benefits

• A key benefit of the FORMET system is its potential to enhance the applicability of management theories in real-world scenarios.
• It can lead to the development of "practice-perfect managers" by integrating practical feedback into management education and training.
• The system also addresses the need for continuous updating of knowledge, which is crucial in the dynamic field of management.

Significance

• The significance of the FORMET system lies in its potential to make management education more relevant and effective.
• It acknowledges the complex and variable nature of the external environment in which management decisions are made.
• The system draws on the principles of cybernetics and systems approach, highlighting the importance of feedback for control and improvement.

Applications

• The FORMET system is designed for management education and training.
• It is applicable to various levels of management, from entry-level to senior executives.
• The principles of the system can be adapted to different areas of management, such as planning, organizing, and leadership.

Concluding Remarks

The author concludes that the FORMET system can significantly improve the effectiveness of management education and training by incorporating feedback from learners. The system addresses the limitations of traditional management education, which often fails to adequately prepare managers for the complexities of the real world. By emphasizing continuous feedback and learning, the FORMET system seeks to create a more dynamic and responsive approach to management education, ultimately leading to better-prepared and more successful managers.