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BSBWOR501 manage personal work priorities and professional development

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Added on  2019-10-30

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We will establish personal work goals. In your opinion what leadership styles do you believe are the most appropriate for your business? How you manage your personal work priorities and personal professional development in your workplace? Explain the steps in a performance appraisal process and then identify what a performance appraisal might review? The strategic plan may include the desired market position to improve in order to be the top brokerage firm in the location.

BSBWOR501 manage personal work priorities and professional development

   Added on 2019-10-30

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Running head: BSBWOR501 FMB ASSESSMENT 1BSBWOR501 FMB AssessmentName of StudentName of Institution
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BSBWOR501 FMB ASSESSMENT 2Complete the following tasks: Task 1: Short Answers – Establish personal work goals1.In your opinion what leadership style/s do you believe is the most appropriate for your business? The transformational leadership style would be the most appropriate as a broker. This is because the brokerage business is relational and fits with this style which is based on relationship theory. 2.What ethical behaviours should you demonstrate if you want to be a positive role model? Theethical behaviour includes being considerate when making decisions and factoring the interests of those concerned. Treating people equally coupled with open communication that is honest and truthful is equally important as a role model. 3.a. Name a goal that you must be able to achieve as a Broker? To increase the volumes of commission earned per transaction and aggregated through different transaction typesb. Now write this goal as a SMARTER goal, using the table below to assist you.SpecificTo increase the commission volume in small listings whereI have been performing poorlyMeasurableTon increase the commission from AU$3,000 TO AU$10,000AchievableAchievable within the boundaries of industry standards andearnings. Target to earn cumulative totals of AU$ 3500 by the sixth month.RealisticRealistic as it breaks down to AU$ 600 every month in incremental commission earningsTime-basedTo be realized over the course of 12 months EthicalTo be aggressive yet ethical so as not to trespass the professional boundary expected of a broker.Reward/Re-evaluateWeekly evaluation in terms of new clients with small listings I have interacted with and engaged with the aim of closing the transaction.4.Personal plans should align with team and organisational plans. Using your SMARTER goal, explain what each of the following plans might include. For example, if your smarter goal is to learn new sales skills to improve your sales by 1% by the end of 2016 to meet your organisational objectives, your tactical goal may be to attend training and the Strategic Goal may be to improve sales by 10% by 2018.
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BSBWOR501 FMB ASSESSMENT 3Strategic planThe strategic plan may include the desired market position to improve in order to be the top brokerage firm in the location. The plan may span two to five years. It may extend to increasing client numbers by a certain percentage, have more repeat clients, and provide the best service to clients. Tactical plan The tactical plan may include to ensure that all brokers attain a certain level of training and certification. This may be undertaken by the human resources department in in-house training or with outside institutions. Operational PlanThis may be set out as accountabilities and responsibilities expected an d are set out by team managers within brokerage teams. This may be in the form of description of position and duty statements of each broker. 5.Explain the steps in a performance appraisal process and then identify what a performance appraisal might review? The steps of the performance appraisal process include: establishing the expected standards of performance and then communicating the set out expectations and standards. Performance is then measured in quantifiable terms and compared with the organizational standards. The results obtained are then discussed with the aim of obtaining feedback which is documented for future reference. Action that is corrective completes the process of performance appraisal. The performance appraisal reviews three key areas of the employee. The first is the work performance, followed by the review in the working relationships with other employees. The last review focuses on the basic skills expected of the job and whether the employee is conversant or not.Task 2: Short Answers – Set and meet own work priorities1.Using your understanding of your job description or feedback from a recent performance appraisal, select eight tasks that you believe you can use to improve your productivity and list them in the priority matrix.
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