Question
What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the intellipath assignments (Units 1- 4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management?
( Executive Summary and a SWOT analysis )
- What are the important elements of strategy? Why?
- What issues may arise if your do not identify all the potential disadvantages of your plan?
- Why is it crucial to provide both proactive (during the implementation) and reactive (after completing the implementation) feedback to management?
Answer
Implementation and Control
I have been able to develop several competencies in researching and writing the course Comprehensive Project. One of the competencies I have developed is research skills. I have improved my skills in various areas such as integrating different resources, summarizing information from lengthy resources, analyzing and documenting reports, and finally project management skills. I have also been able to develop strong analytical skills such as the ability to analyze complex ideas. I leveraged on the knowledge gained in the intellipath assignments by applying what I learnt in completing the Comprehensive Project. The intellipath assignments have increased my general knowledge in research and writing of research papers. In addition, the intellipath assignments have enabled me to learn a lot concerning the business field, including sound business practices. These competencies and knowledge will allow me to be able to conduct sound business research in future and thus make informed decisions.
There are several important elements of strategy. These include a vision, goals, objectives, expected outcomes, means of ensuring accountability, SWOT analysis, core advantage, customer analysis, key performance indicators, and action (M3 Planning, Inc., 2008). Strategic decisions making is a critical determinant of the performance of an organization. These elements are important because they determine the success or failure of a strategy. Failure by the management to take into consideration the important elements of strategy could lead to failure in achieving desired outcomes.
Failure to identify all the potential disadvantages of a plan may ultimately result to the failure of the plan. This may arise due to failure to mitigate the potential risks or disadvantages in the plan. Identifying the disadvantages can allow one to draw mitigation plans in advance and know what to do in case the risks arise. Failure to identify all the potential disadvantages can also mean failure to take into consideration a serious business risks that could lead to business failure.
Providing proactive and reactive feedback is critical during the implementation of a plan. Providing proactive feedback enables the management to track the progress of the plan to see whether it is moving as per expectations (Binder, 2016). Proactive feedback can also serve as a tool for the management to provide motivation to the staff, thus improving their performance. Reactive feedback allows the management to conduct an evaluation of the project to determine whether it achieves set goals. In addition, reactive feedback allows the management to correct any problems that may arise after the implementation of the new plan.
References
Binder, J. (2016). Global project management: communication, collaboration and management across borders. CRC Press
M3 Planning, Inc. (2008). My strategic plan. Retrieved from https://books.google.co.ke/books?id=L6lMojXU7hUC&printsec=frontcover&source=gbs _ge_summary_r&cad=0#v=onepage&q&f=false
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