This paper is based on the study of literature related to lifelong learning and development of managerial skills and on the research conducted based on pre-prepared and planned interviews with a group of managers. The paper describes the development of education in the Republic of Croatia, with an emphasis on lifelong learning, which increasingly gains importance in the development of technology. Continuous education and training, as well as the development of all employees, especially managers, is becoming the most important investment for companies both in competitiveness and in the future. Knowledge becomes the core capital and leverage of development, and modern companies are increasingly investing in the education of employees precisely because of the correlation between education and economic performance. Due to the need for trend monitoring and because of the awareness of the importance of acquiring new managerial skills and knowledge, different programs of education and training are conducted. Successful job managers need a host of specific knowledge and skills from different disciplines and areas. Managerial work is very complex and can never be learned to the full. All this is confirmed by the interviewed managers, who are aware of the importance of continuous learning and skills improvement through formal, nonformal and informal learning. It is important to keep track of trends in the business of a company and to continuously invest in knowledge and business skills in order to keep and/or improve the company′s position on the labor market, thus ensuring the competitiveness and the future of the company.