Factors Affecting The Academic Performance Of Bstm Students

2272 words - 10 pages

REFLECTING ON CAREER IMPLICATIONS…
((CHAPTER 1—INTRODUCTION)

REFLECTING ON CAREER IMPLICATIONS…

1. Attributes of Strategic Management: How do your activities and actions contribute to the goals of your organization? Observe the decisions you make on the job. What are the short-term and long-term implications of your decisions and actions? Have you recently made a decision that might yield short-term profits but might negatively impact the long-term goals of the organization (e.g., cutting maintenance expenses to meet a quarterly profit target)?

2. Intended versus Emergent Strategies: Don’t be too inflexible in your career strategies; strive to take advantage of new ...view middle of the document...

2. SWOT Analysis: From a career standpoint, periodically evaluate your strengths and weaknesses as well as potential opportunities and threats to your career. In addition, strive to seek input from trusted peers and superiors.

3. General Environment: Carefully evaluate the elements of the general environment facing your firm. Identify factors (e.g., rapid technological change) that can provide promising career opportunities as well as possibilities for you to add value for your organization. In doing this, don’t focus solely on “internal factors” of your organization.

4. Five-forces analysis: Consider the five-forces affecting the industry within which your organization competes. If the “forces” are unfavorable, the long-term profit potential of the industry may be unattractive. And, there will likely be fewer resources available and—all other things being equal—fewer career opportunities.

(CHAPTER 3—INTERNAL ENVIRONMENT)

REFLECTING ON CAREER IMPLICATIONS…

1. The Value Chain: Carefully analyze where you can add value in your firm’s value chain. How might your firm’s support activities (e.g., information technology, human resource practices) help you accomplish your assigned tasks more effectively?

2. The Value Chain: Consider important relationships among activities both within your firm as well as between your firm and its suppliers, customers, and alliance partners.

3. Resource Based View of the Firm: Are your skills and talents rare, valuable, difficult to imitate, and have few substitutes? If so, you are in a better position to add value for your firm—and earn rewards and incentives. How can your skills and talents be enhanced to help satisfy these criteria to a greater extent? More training? Change positions within the firm? Consider career options at other organizations?

4. Balanced Scorecard: In your decision making, strive to “balance” the four perspectives: customer, internal business, innovation and learning, and financial. Do not focus too much on short-term profits. Do your personal career goals provide opportunities to develop your skills in all four directions?

(CHAPTER 4: INTELLECTUAL ASSETS)

REFLECTING ON CAREER IMPLICATIONS…

1. Human Capital: Does your organization effectively attract, develop, and retain talent? If not, you may have fewer career opportunities to enhance your human capital at your organization. Take advantage of your organization’s human resource programs such as tuition reimbursement, mentoring, etc.

2. Human Capital: Does your organization value diversity? What kinds of diversity seems to be encouraged (e.g., age-based or ethnicity-based)? If not, there may be limited perspectives on strategic and operational issues and a career at this organization may be less attractive to you.

3. Social Capital: Does your organization have effective programs to build and develop social...

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