Vocational education and training - VET

There are experienced managers available on the outside, but there will be fewer and fewer such leaders over the next several years, there will be more competition for them, and they will be expensive to acquire.
A better bet, is to develop your own future leaders, who are already trained in your culture and values, familiar with your markets and customers, and ready to step into new roles with the right training and preparation.
http://trainingmag.com/content/where-are-your-new-leaders-coming