Personal Development Plan Essay Example

the business environment. The professional should brainstorm on political dynamics, socio-cultural trends, economic trends and technological advancements with an aim of spotting the possible opportunities and threats in the work place.

a) Strategic management professional aims to increase the market share.
Conduct the market research, SWOT analyze yourself and your company, Understand the nature of competition and develop the strategies for attracting more customers.
The major challenge for realizing this goal is increasing changing customer tastes and preferences.
Adopt best management style which allows for flexibility.

b) To gain competitive advantage in the industry and remain on lead.
Understand the market dynamics, fully satisfy customers to win their loyalty, adopt new technology and frequently review market trends for adjustments. To remain on lead in the market requires intensive market research which is very costly and time consuming.
Include market research budgetary allocation section in the organizational annual marketing plan to ensure funds are available.

c) To enhance organizational innovativeness.
Adopt new technology, encourage participative management where opinions and ideas of all employees are inevitable and encourage creativity at employee level.
Restructuring of the organization to match new changes may be required which is very costly and destructive.
Source and allocate adequate funds required to spearhead the company innovation.

I consider this personal development plan very special for my career development. Through personal SWOT and PEST analysis I am able to identify my professional strengths as well opportunities which are essential for me to realize my personal goals in life. Understanding of ones weaknesses helps one find mechanism to translate such weaknesses in to strengths thus becoming productivity in his or her career.