Write 8 pages thesis on the topic how can managers and leaders use problems as source of learning. In the face of intense competition in the globalized marketplace, the need for organizational excellence is highlighted and demands placed upon managers and leaders to be effective in their relevant functions and roles have increased. The UK as a nation seems to have failed in developing its managerial cadre to gear up to the new challenges posed by modern organizational management paradigms where soft skills related to people handling has become a major skill deficit. In the face of growing business environmental pressures stemming from the process of globalization and the advent of the knowledge economy, the demands placed upon managers and leaders to be effective in their relevant functions and roles have increased. Therefore, management and leadership development on a continuous basis have become a prerequisite for staying in business. While management designations may be limited, organizational success would largely upon its ability to develop the managerial and leadership skills at every level of employee participation. As such skills development is based on a continuous learning process, managers and leaders need to use problems they encounter in everyday operations as a source of learning.In the UK alone, the demand for high caliber managers with professional qualifications is in the rise and over 100,000 new management positions are being created as per estimates. But survey statistics point to poor management and leadership skills at all levels and relating `2to many areas such as delegation, choosing the appropriate style of management and inability to involve the subordinates into the decision-making process (Managers & Leaders 2002). The report aims to analyze the need for managerial and leadership development and propose a conceptual model for the same.To understand the importance of Management & Leadership Development, one should see the distinction between concepts such as management/leadership education or training which are in-effect associated subsidiary aspects of the overall effort of Management & Leadership Development.&nbsp.&nbsp.