Executive team development plans deal with the development of the individual. This is a process of empowering the managers, intended to deepen their professional knowledge and improve their managerial capabilities. The process aims at identifying the strengths and weaknesses of the managers, determining their personal vision, and preparing a work plan to achieve this vision.

By contrast, talent management plans are conducted at the organizational level. They deal with mapping and management of the sum total of skills: competencies, knowledge, skills, and experience essential for the organization today and in the future in order to achieve its strategic objectives and ensure business success.