Learning and applying good leadership and management skills is very useful and profitable for most of us. Learning is a lifelong process and we can all benefit from more knowledge and better skills to improve our performance. However, the STCW Leadership and management courses are of relatively little actual value. Cost benefit analysis is also an important management concept. The cost of these leadership and management courses are outrageous in proportion to their very limited value, and the very low cost of teaching an academic course that requires no equipment. The IMO and the USCG had good intentions, but terrible implementation. They deserve a big fat F on this one.
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