Present Performance Related Issue Of A Given Finance Company Business Essay Example

In this project, I am required to present a comprehensive personal development program, outlining a strategy for program development. I have addressed the objectives and goals, both short-term and long-term, as well as the specific dates and timelines.I have provided detailed information about the importance of the action program, resources for implementing it, a SWOT analysis, accomplishment audit, and personal and professional execution. In Undertaking 2, I have to periodically review my performance, mentioning the objectives and goals I have covered. I also need to conduct a detailed self-review of the obstacles to achieving these aims, a SWOT analysis, review and monitoring of the program, and the importance of self-review. To complete this task, I have consulted books and internet websites.

Undertaking 3: In this task, I have analyzed the personal and professional skills required by the staff of Finance 4 U in three organizations: Santander, Iceland Retail, and Primark. I have presented the research results to the managing manager and staff.

Undertaking 4: This task involved studying the skills development methods used by HSBC, Iceland Retail, and Primark. I covered areas such as skill improvement, efficiency, knowledge sharing, exposure, and self-responsibility. I also provided examples of Schmidt's theory and Adam's closed loop theory. Additionally, I discussed the details of the CDP and its contribution to skill development.

Undertaking 5: In this task, I conducted a personal skills audit of team members and

gathered information about their backgrounds and areas of work. I also collected relevant information about each individual. Additionally, I performed a SWOT analysis, which is crucial for implementing any personal development program.The text can beand unified as follows, while keeping the and their contents unchanged:

"Strength and failings are considered internal factors, while opportunity and menaces are seen as external factors."

The internal factors are passive in nature and difficult to change or take a long time to change, but opportunities and threats are external factors and are dynamic in nature, often changing.

Skill Audit:

Professional skills are necessary to perform activities and help achieve objectives. This is a process of determining the level of acquired skills. It also helps identify the skills gap between the acquired and to be acquired professional skills. Professional bodies carry out this process to review personal skills.

Monitoring and evaluations:

Continuous monitoring of performances and activities and evaluating the results is crucial for analyzing and taking corrective action in the future.

The program incorporates monitoring and rating procedures with strong recommendations for improvement. It involves analyzing available resources and aiming for overall personal and professional development. This includes identifying and organizing schemes to address gaps for favorable results. The program offers benefits such as enhanced motivation, an object-oriented approach, target-based activities, time value specifications, improved skills and quality, fleet performance enhancement, and a progressive career path aligned with organizational development.

To achieve my SMART personal and professional goals, I should follow these steps:

Self Review:

Self review entails analyzing one's psychology, attitude, aptitude, and scope. It comprehensively assesses human behavior, including intelligence quotient (IQ) and emotional quotient (EQ).

The best public presentation comes from dedicated involvement in both mind

and heart. For instance, I have decided to pursue higher studies in the UK to achieve specific career goals. Upon reviewing myself, I have identified the following traits: intelligence, hardworking nature, determination, adaptability, patience, ability to live far from loved ones, perseverance for better results, methodical and well-planned approach, and good time management skills. However, during the implementation of my plan, I encountered obstacles such as gaining admission to the desired institution and program, ending irrelevant personal and professional activities at home, maintaining a consistent approach throughout my studies, addressing any health issues that may arise, and ensuring uninterrupted financial support.

The SWOT analysis is the best way to reassess the above obstacles to overcome:

Swot Analysis: Based on my characteristics and personality, I have conducted a SWOT analysis to achieve my goal of studying in the UK. The analysis is as follows:

• Obstacle
• Strength
• Failing
• Opportunity
• Threat
• Admission to the right/chosen institution and selecting a course.
• Excellent past performance and work experience helped me get in.
• None
• With a successful professional background
• None

Ending all irrelevant study/professional activities at home. Focusing on my specific goal. It was emotionally challenging but I made it possible. There is an opportunity and potential to achieve and excel in the new environment.

Incorrect company. A spirit of relentless attack is necessary throughout the entire term of the survey. Patience, hard work, and a determined approach are required. No findings were discovered. There are good job prospects after completing the class.

Failing the class is possible if one cannot perform. Health issues, if any, should be completely addressed. There should be a strong inclination toward dependency. The environment and seasonal conditions should be hygienic and free from contamination. However, these conditions are always

uncertain and therefore unpredictable for the human body. Continuous financial support is necessary. The required funds should be provided in advance.

Fluctuating foreign exchange rates and the possibility of increased fees have necessitated a review and supervision of the plan. The review process involves assessing weaknesses and threats to goal attainment, as well as determining the necessary steps to overcome them. These steps include evaluating new acquaintances to avoid negative influences, developing emotional resilience, fully dedicating oneself to studies, maintaining a healthy lifestyle, and avoiding harmful dependencies. Given the volatility of exchange rates and potential fees, it is also advisable for eligible individuals to seek part-time employment. The importance of self-evaluation in planning and implementing personal development plans is emphasized. This tool enables individuals to evaluate their potential, identify both positive and negative traits, take corrective actions, and remain focused on goals.

• Every individual possesses a collection of experiences, knowledge, and abilities; however, no one is perfect. Henceforth an inclusive approach is always required for achieving goals.

To achieve this objective, it is important to persuade others for positive results. The benefits of seeking support are numerous and can be summarized as follows:

• Cost savings.
• Time saving.
• Increased chances of success.
• Improved risk management.
• Enhanced knowledge.
• Better understanding of issues.

Conclusion: In conclusion, self-evaluation is essential for analyzing personality traits and finding remedies for favorable outcomes in decision-making and achieving personal and professional goals. Professional development is an ongoing process that contributes

to organizational growth by improving skills and advancing careers. Different learning methods and platforms offer opportunities to acquire skills such as effective communication, proficient presentation management, team building, performance enhancement, and motivation techniques. Effective communication is particularly crucial for skill development as it allows influence to be exerted.

The effectiveness of communication can be evaluated by the responses of the recipient and their increased motivation. It is commonly stated that there is no perfect or correct way to communicate, but there are various incorrect methods. Presentations are another skill and part of the routine, providing a visual representation of the complete understanding. This skill requires confidence, a significant aspect of personality. Presentations should be concise and focused, and immediate questions should be encouraged, as it indicates audience engagement.

Effective leadership is the most essential competency within an organization as it possesses the ability to bring success. It requires profound knowledge, confidence, and expertise. A leader should be capable of cultivating other leaders for the benefit of the organization. Additionally, time management is a crucial skill that must be prioritized due to its value and scarcity. Thus, there should be no wastage or misuse of time.

The available clip must be fruitfully utilised. Here in the context of above, we will analyze the following three organizations. Assorted techniques were used for enhanced professional development and accomplishment development. The organizations are as follows: Since finance 4U is a finance concern associated with client service, merchandising, and selling fiscal merchandise, we have researched these three organizations with common features but in different spheres. We will see how they have managed to motivate their staff through accomplishment development and eventually professional development.

By effectively mixing the accomplishment development techniques used by the three organizations for their staff, we propose the following presentation.

Recommended strategies for overcoming staff-related challenges at Finance 4U:

• Consider implementing aggressive technology adoption, outsourcing when necessary.
• Establish specialized skill training programs for staff members.
• Conduct performance reviews for each individual staff member.
• Hire high-skilled professionals as needed.
• Promote fair competition among staff to motivate them.
• Maintain regular communication with staff to build strong relationships.
• Implement staff welfare schemes to boost morale and confidence.
• Encourage participative management in decision-making processes.
• Strengthen monitoring and evaluation procedures.
• Introduce a more comprehensive career advancement program for staff members.
• Expand the company's operations and provide staff with more opportunities for mobility.

• Bing finance company, organization can aggressively sell its financial products with the involvement of its staff.