Myers-Briggs Performance Evaluation - Coursework Example

Performance Evaluation and Lessons Learned Report Myers-Briggs Type Inventory Results Extraversion/Introversion: The form of specifying this first pair of the psychological preference seems a little bit archaic since extraversion is not about being loud and the introversion is never about shyness. It basically entails where individuals derive their motivation and energy from, that is, from within themselves or from other people (Keirsey & Bates, 2012). Extraversion I do put lots of my energy outward, towards things and people. I do need time to simulate on a matter and usually show emotions over issues. I gain my motivation from other people. I always want to make a change of the world instead of thinking about it. I like achievement, variety and action. I perform well at school even though I tend to find university a bit difficult. My attitude is usually confident and relaxed. I’m accessible and understandable. I often act first before they think. At work, I like working with people as they seek variety and action. I give preference to duties that has breadth instead of depth. At times I may be seen by introverts as being pushy and shallow. The following statements generally apply to me: I’m strongly linked to and I feel at ease working with groups. I personally embrace team-work and get carried away when working as a team. I have an array of friends from all sorts of walk. My list of friends range from the great personalities to mere common men. I’m perceived as an outgoing person. Introversion I have an inward energy toward ideas and concepts. I usually need a little external simulation –and often than not I can easily be over-stimulated. Most of the occasions my focus is basically on the inner words because when I take too much time putting my focus on people I experience sensory overload. I tend to have a build of emotions which are in the verge of exploding when pushed to the extreme end (Myers & Myers, 2009). Instead of making attempts to change the world, I work so that I can understand it. I take a deep thought of things and I perform so well in the university than I did in high school. My attitude is questioning but reserved which make me be seen to be subtle and impenetrable. I usually think before I act. I prefer mostly to work alone and often want a quiet place in order for me to concentrate. I would rather pursue such kind of work which has depth instead of breadth. The extraverts perceive my point of view as passive and egocentric. The following statements generally apply to me: I do make use of the written responses and information when only practical. I concentrate on one-on-one program and activities as outlined. I usually deploy polling techniques for the input and the process of decision making. I usually encourage receiving responses which are tagged with the questions in the form of, “What do you think?” Sensing (S) or Intuition (N) These preferences involves paying attention to the information which comes through a person’s five senses (Sensing), or whether a person pays a greater attention to the possibilities and patterns appearing in the information received, and that is termed as Intuition. At any given point everyone spends some little time sensing and some little time using intuition too (Keirsey & Bates, 2012). Sensing (S) I’m factual and undertake the available information on my five senses thoroughly. I perceive things as they are and give much weight on the necessary ones as a concrete thinker. I give a lot of concern what I can physically see, taste, smell, touch, and hear. My emphasis majorly revolve around what is present, actual, and real. I do take note of details that seem very important to me and remember them too. The following statements generally apply to me: I conduct myself as a concrete thinker when giving an approach to any information at hand. I become realistic of issues as they are presented. I pay keen attention to the facts and am able notice every fine detail of the matter. I live in the present and fully aware of my surrounding. Intuition (N) Intuition encompasses of how individuals process data. I focus on the future and the likely possibilities. I undertake processing of information through patterns and impressions. As an abstract thinker, I read between the liners on issues. The following statements generally apply to me: I’m a future-focused individual. I embrace creativity and am inventive on matters of great significance. I try to dig deep into matters and formulate an idealistic scenario around it. Thinking/Feeling The T-F dichotomy is my “output” scale –that is, how we each make decisions. People make decisions based on these two major different sets of criteria: Thinking and Feeling. When an individual makes a decision basing his arguments on reason or logic, they operate on thinking mode (Myers & Myers, 2011). On the contrary, in the case where an individual make decision based on his/her value system, or rather what they believe to be right, he/she is considered to be operating on the Feeling mode. From the perspective of hospitality industry I put a lot of emphasis on my mode of decision making as this would make a great change in the business operation and sustainability in such a vibrant and dynamic industry. As a great thinker I make decisions in a more rational, impartial and logical manner, on the grounds of what I believe to be fair and correct by the pre-defined principles of behavior. Myers-Briggs Type as a Team Performer From the hospitality industry perspective the most appropriate Myers-Briggs Type as a Team Performer is the INTJ. The INTJ encompass having original minds and great drive of the implementation of one’s idea and then achieving their goals (Myers & Myers, 2011). The personalities in this type of Myers-Briggs quickly see patterns in an external events and ensure development of long-range explanatory perspectives. In case of a great commitment in a task, I make that the work is properly organized and effectively carried out. There is high level of independence in me and I pose high standards of performance and competence for ascertaining the ultimate objectives of the organization. Professional career objectives To be an energetic sales expert with a knack to match customers with the firm’s optimal products and services in meeting their specific needs. Moreover, to creates a platform in which there is consistent receiving of the excellent feedback from the customers. Secondly, is to be an experienced investment associate with more than five years in venture capital investing for a global hospitality industry. Hospitality Industry’s Porter’s 5 Forces Analysis The Porter’s 5 forces analysis model provides an industry analysis platform in which individuals evaluate themselves vis a vis the industry’s trends in order to scale a greater competitive edge and thrive effectively in such a dynamic industry like the hospitality industry. A pure competition model shows that the risk-adjusted rates of the industry’s return are supposed to remain constant throughout the industry. Even though, a number of economic studies have affirmed that different industries are capable of sustaining varied echelons of profitability in which a part of it is merely expounded by the industry structure (Hill & Jones, 2010). Porter provides a framework which models an industry as supposed to be impacted on by the five forces. A strategic business organization seeking to formulate a competitive edge over the rival firms would most appropriately apply the Porter’s model in order to formulate a better understanding of the industry context it operates. Rivalry In the context of the traditional economic models, competition among the rival firms cause a drive of the profits to zero. Since competition has never been a perfect phenomenon and the firms are never unsophisticated passive price takers; there is a greater degree of the firm striving to achieve competitive advantage over its rival firms. The degree of rivalry among these firms is varied throughout the industry and therefore a strategic analysis of the market is of interest at this level. Threat of substitutes The porter’s model brings forth the aspect of substitute products to be referred to those products available in other industries. Porter (2008) argue that a product only experiences threat if the demand of the particular product is being affected by the change in price of a substitute product. The price elasticity of a product is affected its substitute -that is, as there are more substitutes, the demand tend to be highly elastic due to the fact that customers have a variety of alternatives. The existence of a close substitute product hinders the ability of the firm within a given industry to raise prices. Buyer power The aspect of Porter on the buyer power is that impact caused by the customers on a producing industry. Generally, in case of a strong buyer power, the connection with the producing firm gets close to the aspect called by economist as a monopsony -that is, a market with many suppliers but a single buyer (Ahlstrom & Bruton, 2010). Such market condition creates a rise of the buyer setting the price. In the real world a few monopsony exist, but in a greater extent, there is a level of asymmetry between a producing industry and the buyers. Supplier powers As a producing industry, there is always need for the acquisition of labor services, raw materials, components, and other industry suppliers. This specific requirement leads to buyer-supplier relationships that exist between the industry and the firm which is providing the raw materials needed for the creation of the products. The power of suppliers can never be ignored in an industry since it can be of influence on the particular producing industry, for instance, selling raw materials at some price which is higher in order to capture a good portion of the industry’s profits. Threat of new Entrants and Entry Barriers. The hospitality industry being dynamic one is approached from a strongly stipulated basis in conducting the business. it is acknowledged that not only the incumbent rivals pose a threat to the firms in that particular industry but the possibility that any other new firm can have an entry to the industry, causing an effect on the industry’s competition. Theoretically, any given firm should be in a position to enter and exit the market at will, and the existence of free entry and exit makes the profits to be always nominal (Ahlstrom & Bruton, 2010). On the contrary, industries exhibit features which protect the high profile profit level firms within the specific market and ensure hindrance of additional rival firms from making an entry into the market. References Ahlstrom, D., & Bruton, G. D. (2010). International management: Strategy and culture in the emerging world. Australia: South-Western Cengage Learning. Hill, C. W. L., & Jones, G. R. (2010). Strategic management theory: An integrated approach. Boston, MA: Houghton Mifflin. Keirsey, D., & Bates, M. M. (2012). Please understand me: Character & temperament types. Del Mar, Cal: Gnosology Books. Myers, I. B., & Myers, P. B. (2009). Gifts differing. Palo Alto, CA: Consulting Psychologists Press. Myers, I. B., & Myers, P. B. (2011). Gifts differing: Understanding personality type. Palo Alto, Calif: Davies-Black Pub. Porter, M. E. (2008). Competitive strategy: Techniques for analyzing industries and competitors; with a new introduction. New York, NY: Free Press. Read More