Question
Using the five stages of the strategic management process, develop an in-depth personal strategic career path plan for the next five-year period. Identify your choice
Using the five stages of the strategic management process, develop an in-depth personal strategic career path plan for the next five-year period. Identify your choice for your ultimate career position and what proximal and distal goals you must reach to achieve this ultimate goal.
Strategic Management Process
- Goal/Objective Setting
Define your long-term career goal - state your ultimate position you would hold after pursuing your career choice for five years.
- Analysis
Use the SWOT analysis technique to identify your strengths and weaknesses in achieving your long-term objective. Also identify external threats and what opportunities you could take advantage of to mitigate those threats.
- Strategy Formulation
Using the above analysis, define each of your annual short-term SMART goals which will enable you to reach your five year career objective. Prioritize each of your first year short-term goals by their importance to achieving your ultimate goal and formulate a strategy for achieving each of these goals. If you are transferring to a four year institution, analyze your transfer options and include your transfer strategy in your first year goals.
- Strategy Implementation
How do you plan to implement your first year strategy?
- Evaluation and Control
Define how you are going to measure the achievement of each of your first year goals and how you are going to determine your progress by measuring the actual results versus the plan. Describe how you are going to review internal and external issues and make corrective actions when necessary.
Length: Between three and four typed pages in the M L A format with well-documented references and bibliography.
Also I need an Elevator Pitch for this assignment. An elevator pitch is a brief description of your business. Your elevator pitch is included in your strategic plan since it's key to your business' success, and often times should be updated annually. Here's why it's important: if your employees can't clearly and concisely articulate your business to others, you inevitably miss out on tons of sales and other opportunities.
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