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MGT 4880 - Essay Example

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The scope of this paper is to discuss ways in which a class on Business Strategy and Policy will impact my career. Simply put, a strategic plan is "defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company's objectives" (Pearce & Robinson, 2005, p…
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MGT 4880
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Download file to see previous pages It is much easier to work on a single aspect of corporate operations if you understand how that one role fits in to the larger picture of the corporate goals. By taking a class on Business Strategy and Policy, I will be able to understand the processes central to operational success and apply those principles to my current duties. In that way, the grand strategy of the organization can be gainfully supported by my own actions. Further, as I gain understanding of the interrelationships between departments, functions, stakeholders, and employees, I will be empowered to be a part of the solution at whatever company or level I am working.
Such a class will assist me in selecting future positions. Beyond my current employment, a class in Business Strategy and Policy will equip me to make good career decisions in the future. The reason for this is that I will know my own strengths, weaknesses, and plans for my future; I can match those personal items with the needs and processes of any organization I am considering for employment. For example, if I know that I am interested in operations management because I am a dependable person, pay attention to small details, and have the discipline to carry out day-to-day requirements in order to bring efficiency and profitability, then an organization which has no strategic plan at all would not be a good fit for me. Understanding this fundamental principle of good management will allow me to recognize corporate security when I see it. Once the class on Business Strategy and Policy has taught me a solid basis for how to strategize, plan, and execute those plans in the modern workplace, I will be able to know when a potential employer is deficient in their processes. Taking a position with such a company would only lead to personal frustration and a stagnant career. Therefore, such a class could prevent me from making a terrible mistake.
Such a class will assist me in choosing wise investments. The reason for this is clear; I will be able to recognize those organizations which have engaged in the proper planning of their business-as well as the appropriate execution of policy to support that plan-and invest accordingly. Like any other stakeholder or shareholder in a company, I want my investments to perform well. For that to happen, the companies I choose to invest in must be competitive within the marketplace, efficient in their operations, and innovative in their marketing and product development. Utilizing the things I learn in the Business Strategy and Policy class, I will be able to see the evidence of such sound management before I ever commit a penny of my money to the company. If I can deduce that management has a good plan and has paired that with an innovative product and efficient operations, I can invest with peace of mind.
Such a class will help me plan my career. Finally, a class in Business Strategy and Policy will allow me to understand where my own interests lie, and where those interests may best fit within the current workplace. I can utilize the basic principles of planning a business and then focus the wisdom of those lessons on my own career as though it were, itself, a business. In this way, I ...Download file to see next pagesRead More
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