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The Development of Management and Leadership Capability and its ...

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initiatives like Investors in People <strong>and</strong> the <strong>Management</strong> St<strong>and</strong>ards that are intended to<br />

support <strong>and</strong> encourage good practice. Another kind <strong>of</strong> research, is needed to help<br />

consider what combination <strong>of</strong> these forms <strong>of</strong> investment <strong>and</strong> initiative are <strong>of</strong> most<br />

use. This would involve developing <strong>and</strong> testing a model <strong>of</strong> the multi-stakeholders<br />

investing in, owning, <strong>and</strong> drawing economic benefit from, management <strong>and</strong><br />

leadership human capital. <strong>The</strong> model would be used to consider whether the<br />

incentives to invest in this human capital are best distributed to achieve the general<br />

good, <strong>and</strong> draw any appropriate policy conclusions.<br />

5

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