Future Goals Post MBA-Life

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Future Goals Post MBA-Life
Name of the Student
My future Goal
• After completing my MBA, I wish to become an entrepreneur and utilize my idea and
convert it to a good business opportunity which shall go a long way in assisting me to start
a business which shall provide good returns and be useful to the society as well.
• My entrepreneur idea is based on a food delivery application which will deliver food to
different offices located in different metropolitan cities. The lunch boxes will be priced
differently according to the needs of the different customers.
• I aim to apply all my knowledge which I will gain in my MBA Coursework, and then convert
the idea to a proper business.
• Initially I aim to get angel investors for my business and then get the application developed
which will further assist me to start my food delivery business.
• The different restaurants will be linked to the application which will then go a long way in
guiding the different customers and assist them in their orders.
My Food Delivery
Application Idea
Recent Trends in Food
delivery application
Goal Setting Theory
• The theory of Goal Setting is primarily based on the concept of goal
setting which aims to ensure that in order to assist an individual to
achieve their goals they are required to formulize specific actions and
plans which will act as a motivational factor and go a long way to help
the individual to achieve their long term goals (Miner 2015).
• Edwin Locke developed this theory and stated that in order to achieve
success in the long run the individual would be required to attain
positive feedbacks and other assistance so that he can achieve the
goal successfully.
• In order to be able to plan successfully for my goal and to be able to
achieve it successfully, I have decided to use the Goal setting theory.
Using this theory I have decided to obtain feedback as well as
coaching which will enable me to achieve my goal in a better manner
(Viney and Harris 2013). Moreover, the goal setting theory has also
assisted me in making my objectives as well as goals SMART in
nature. I have decided to keep two kinds of rewards in the end which
will be intrinsic as well as extrinsic in nature which will then motivate
me to achieve the goal.Application of the
Theory to the real life
Coaching Plan
Tasks/ Activities Objective Time taken Costs involved
To attend regular
classes
So that I can gain better
grades which will then
assist me to get better
funding's
Semester wise The college fees and
opportunity costs
To train myself in
financial management
In order to ensure that I
will be able to manage
the finances of the
business in a better
manner.
Course of 6 months $2000
To ensure that I read
adequate books on
entrepreneurship
So that I am able to gain
adequate knowledge
about the different
types of entrepreneurs
and their teachings
4 months $100
To attend seminars and
meetings
So that I am able to gain
knowledge on current
affairs
6 months $200
Internship To gain knowledge
about the real corporate
world
3 months None
References
• David, S., 2016. Beyond goals: Effective strategies for coaching and
mentoring. Routledge. MacLennan, N., 2017. Coaching and mentoring.
Routledge.
• Miner, J.B., 2015. Goal-setting Theory: Edwin Locke and Gary Latham.
In Organizational Behavior 1 (pp. 175-199). Routledge.
• Nebel, S., Schneider, S., Schledjewski, J. and Rey, G.D., 2017. Goal-setting
in educational video Games: comparing goal-setting theory and the goal-free
effect. Simulation & Gaming, 48(1), pp.98-130.
• Parsloe, E. and Leedham, M., 2009. Coaching and mentoring: Practical
conversations to improve learning. Kogan Page Publishers
• Viney, R. and Harris, D., 2013. Coaching and Mentoring. Leadership in
Psychiatry, pp.126-136.
Applying the GROW Model
The GROW Model is a crucial model based on coaching and mentoring which goes a
long way to assist an individual to achieve their goals (David et al. 2016). The application
of the model to my work is as follows:
Goal: To become a successful entrepreneur.
Reality: Presently pursuing MBA and have a good business plan in hand.
Options: To join the Corporate world
Way Beyond: To successfully achieve my mission using the coaching plan so that I can
convert my goal into reality.
(Source: MacLennan 2017).
Source: Nebel et al.
2017)
(Source: Parsloe and Leedham 2009).