Updates a 1986 study of the human resource development function in Fortune 500 companies. Data suggest that for American industry to remain competitive, it must (1) respond to global opportunities; (2) manage the impact of technological development; (3) produce more without an increase in resources; and (4) develop a results-oriented perspective.…

Describes an investigation to determine the effectiveness of an eight-month management training program for college graduates conducted by the American Management Association. Examines evaluation criteria, method, measurement instruments, data analysis and results. Charts, tables, references. (Author/RB)