Success and Failure in Hong Kong Market

This assignment examines the factors that influence the success or failure of businesses entering the Hong Kong market. It explores how meeting customer needs and wants, conducting thorough market research, and adapting products are crucial for achieving growth and profitability. The analysis also considers potential weaknesses, such as establishing a strong brand image and developing customer-centric products.

Personal
development plan

Table of Contents
INTRODUCTION...........................................................................................................................1
PDP as a tool for self review ...........................................................................................................3
Personal insights .............................................................................................................................5
Future plans .....................................................................................................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Personal and professional development enables an individual to show his or her
capabilities in accomplishment of specific goals and objectives. A personally developed person
is able to perform all tasks and abilities within organization. Every functional area requires
special set of skills and knowledge, therefore managers have to provide training and
development assistance to improve core competencies of employees (Moon, 2013). Personal and
professional development plan help to recognise own strength and weaknesses and them make
effective use of them. It record own progress and achievements for specific purpose so that
individuals can achieve their goals and objectives in an effective manner. Apart from this, the
report will be described, own aims and targets of individuals and a PDP will be formulated. If
people have effective management and leadership skills then they can easily attain future career
goals and objectives in a minimum time period. Furthermore, readers will also come to know
future plans of individuals.
Strength
 My major strength is having good team building skills, it would helpful for me to manage
the overall team performance in the best possible manner My another capability is having
effective communication skills; it helps me to interact with people through which I can
easily influence them to do working activities. Due to my positive attitude and clam
behaviour I am capable to listen others. This strengthen aids me to determine employees'
queries and issues (Avalos, 2011). My friendly behaviour is accessible for me to make
healthy and strong relationship with employees so as they can collaborate me all working
activities.
Weakness
 Due to lack of working experience, I do not have effective problem solving skills. This
would also affect decision making process of the company. My another weakness is lack
of leadership and management skills; as I am not capable to manage people effectively.
Sometimes, I cannot work in high pressure and get angry in small things because of my
short tempered nature. My cognitive skills are also not much effective, it involves the
ability to examine as well as synthesise information.
Opportunities
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 I have good educational qualifications, it helps me to get great opportunities in future. In
this modern era, there are several multinational companies are established, so that there is
increased the demand of HR professionals. Business organisations are ready to pay
higher amount to these HR managers. Therefore, it would be great opportunity for me.
With the assistance of senior managers, I am learning several skills, communication,
presentation, training and team management etc. As I have good team building skills, this
helps
Threats Raising competition level in society. Lack of money and time. Family restrictions
Changing demands in HR patterns.
Personal goals and objectives
 My prime goal is to improve my decision making capabilities in maximum 3 to 4 months.
 I also have to do a professional training which is related with HR field, it helps me to
improve my apprenticeship and competencies.
 I want to become senior human resource manager in upcoming 5 years.
 I also have to improve my technical skills and learn one or two languages; it would
provide me great opportunities in foreign companies.
In order to achieve all these goals and objectives I have to learn more and more skills and
gain knowledge in specific field. For this purpose, people have to prepare a personal and
professional development for all activities and practices so as to become successful person in life
(Mwalongo, 2011).
PDP as a tool for self review
It is essential for individuals to prepare a self review so as to analyse which skills would
be improved. For this purpose, I need to focus on several major areas which are assistive for me
to accomplish goals and targets.
Personal skills – In the session of self review, it is foremost for individuals to determine
their personal skills and how to improve them in the best possible manner. As per my strengths, I
have good interpersonal skills, it helps me to make healthy and positive working environment at
workplace. In addition, I have enough knowledge of different languages, through which I can
easily communicate with different cultural people and listen their needs and wants in the best
possible manner. Due to my effective listening skills, I can understand problems and issues of
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my subordinates and provide them imperative solutions. Apart from this, as lack of corporate
experience, I am not capable to resolve individuals issues and problems. Sometimes this can put
negative impact on my image. Although I am very punctual person, but I have lack of time
management capabilities; it results not completion of working activities. On the other hand, my
friendly and jolly nature helps to manage healthy and positive employee relations at workplace
so that they can easily share their ideas and concepts with me. It can also improves employees
performance level and managers a healthy organisational cultural (Reeves, 2012).
Academic skills – I also have to improve my academic skills; for this I have to gain better
knowledge about market and start training sessions accordingly. Along with this, I have joined a
distance learning programmes, it helps me to gain high competitive growth in a certain time
period. In order to improve my academic skills I have to study about new subject matters so as to
properly familiar with all areas. There are several seminars and workshops are organise which
are assistive in enhancing knowledge in a particular area. For example- as my leadership and
managerial skills are not so good, thus I have to attend those seminars which are specially
organised for improving leadership and management skills. Although, it can build leadership and
management capabilities which helps to become an effective leaders in future (Van Driel and
Berry, 2012). Beside this, the distance learning programmes increases my core competencies as
well as educational qualification through which I will get promotion as well as salary hike in a
minimum time scale.
Career – For career enhancement, I upgrade my educational qualification. I can join a an
apprenticeship program for I year time duration. It increases my skills and knowledge at
workplace through which I could manage all employees in a systematic manner. On the other
hand, I need to improve my practical and technical skills. In order to get higher career growth I
need to research a particular topic and identify various sources of data collection, i.e. databases
and libraries. In addition, interest sources, like social media and web portals also helpful for me
to provide career advancement. For instance – due to social media channels I find changes in HR
patterns and what are necessary skills for it. Now these days, several business organisations also
provide training and development assistance to their employees in order to boost up their
knowledge in a particular field. I need to attend meetings and discussions by taking permission
of the senior managers. I need to spend quality time with higher authorities so as to improve the
decision making capabilities. Furthermore, I can prefer net suffering more and more so as to get
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knowledge about what are the current market trends and how to grab them in the best possible
manner.
Indicators of success – there are different types of key success indicators which helps
individuals to accomplish career goals and objectives in a minimum time period. Below describe
certain major key success indicators of an individual, such as- Set priorities – It is one of the key success indicator, i.e. I need to prioritize certain tasks
and activities which should be achieved as soon as possible. I also have to set some goals
which are required to achieve in short time period. Thus, a time management matrix will
be easily explained what is important or what not (Taylor and et. al., 2011). Schedule time approach – I also have to prepare a time schedule for all working
activities which are involved in task as well as goal accomplishment process. It includes
day to day operations have to be classified into three to four quadrants. Therefore, by
using time log people can identify that how much time is taken by each and every task. It
makes easier the process of strategy formulation. Implementation of effective communication- As a HR manager I need to implement free
flow of communication at workplace in which employees can easily coordinate with their
higher authorities. This would helps in sharing problems and issues of people and they
can also share ideas and thoughts with managers (Roeser and et. al., 2012). Thus, open
communication can regulate an imperative organisational cultural.
 Provide training and development assistance – Another key success indicator is, I need
to participate in training and development session. It also help employees to learn new
and innovative which raised their performance level also. Along with this, training and
development events create coordination and cooperation within employees and managers
which also improves their interpersonal relations. It results improvements in business
strategies as well as decision making process through which firm can easily achieve its
goals and objectives in the best possible way.
Personal insights
This part include personal assessment of an individual; it will describe what he or she is
learned in development class. It entails several skills or areas that have to be improved. PDP is
prepared to determine learning experience through formal studies and put potential impact on
working activities of an individual (Lumpe and et. al., 2012). Personal development plan also
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maintains clear perspective on career progress of people as they can achieve future goals and
objectives in an effective manner. Below mentioned a personal and professional development of
an individual.
PDP plan of an individual
Learning
outcomes
Curre
nt
profici
ency
Target
proficie
ncy
Development
opportunities
Criteria for judging
success
Time
scale
Team
building skills
8 10 Effective team
building skills
helps me to
manage my team
in a systematic
manner. Through
which I can easily
influence my
subordinates so as
to perform specific
activities. In
addition, team
building skills
accessible in
achieving team
goals and
objectives in a
certain time
period.
By taking feedbacks
and reviews from
higher authorities.
Apart from this, team
performance can also
judge by organising
perform management
session monthly or
quarterly.
1 to 2
months.
Practical and
technical
skills
7 10 Good practical
and technical
skills aids in
implementation of
By conducting
research and
development activities.
Technical skills can be
2.5
months
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new and
innovative
business
strategies. Apart
from this, due to
technical skills
also promote
effective
completion of
working activities.
It also keeps past
data and records
of employee
performance.
monitor through
examination of
employees' skills so as
to determine whether
they are using
technical skills while
completing working
activities and
operations.
Communicati
on skills
8 10 It can be achieved
by reading
newspapers,
English magazines
and attending
speaking classes.
Personal
communication
with higher
authorities also
helps me to
improve my
communication
skills.
In order to analyse my
communication skills,
my colleagues and
other friends gives me
feedbacks and reviews
on the same. I can also
consult this thing with
my senior managers,
they will provide me
better advices.
1 month
Problem
solving skills
5 10 Due to lack of
working
experience I does
Top management
provide me review; I
can also consult that
3 months.
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not good problem
solving skills, it
can also affect my
decision making
process within
organisation. For
this perspective, I
need to attend
different meetings
and seminars by
taking permission
of senior
managers. I also
need to involve
myself in decision
making process of
the company.
thing with other
managers who analyse
me all time.
Leadership
and
managerial
skills
8.5 10 Strong leadership
and management
skills aids me to
manage all
working activities
in a systematic. It
also aids in
improving my
production level as
well as leadership
skills through
which I can easily
influence
subordinates to
My managers and
higher authorities
judge my performance
level and then render
me feedbacks in order
to make improvements
in required areas.
2 months.
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work in an
effective manner.
CURRICULUM VIATE
Name – Maxine Kent
Address – 12345, Birch Street, West Creek, London.
Phone No. - 9525138745.
Email – [e-mail]
Professional profile: -
 Human resource manager with solid skills in HR administration, policy and procedure
development, traditional and modern recruiting, hiring, employee relations, corporate
communications, contract management and affirmative action.
 Capable leader with record of success managing personnel and projects in a fast paced
high pressure environment. Proactive manager with well developed interpersonal and communication skills.
Special projects
 Authored employees handbooks for three companies Developed and regulated policies, procedures and initiatives that improved customer
relations and reduced staff turnover.
Experience
 Educational qualification – Bachelor's degree in business management, XYZ University
 Master's degree in business administration (MBA), XYZ university.
 Training – Team facilitation, lean manufacturing, strategic planning, project
management etc.
 Technical – Microsoft office, SAP, Oracle etc.
Declaration – I hereby that all the above information is true.
Date
Place
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Apart from this, I have several weaknesses which can put huge impact on my career
growth and opportunities. In this perspective I need to cope up these weaknesses. In this
perspective, a personal development plan is formulate through which I could easily improve my
problem skills in minimum period of time. By preparing proper time schedule and aligning all
operations with it helps HR manager to complete all tasks before their time schedule (Yeh,
Huang and Yeh, 2011). With this process, I can also influence employees to be punctual. In
addition, due to my short tempered nature I get angry on small things it can put negative impact
on my personal and professional relations as well. In order to get over from this weaknesses I
need to do meditation and other activities which can reduce my mental stress and I can focus on
my working activities.
Future plans
Before deciding my future plans, I need to determine my current goals, which are stated
as – my prime current goal is to become good leader of my company who is capable to
to become prospering person in life I should determine certain short terms wins and link
them with my current needs. Currently, my needs is to boost up my communication and problem
solving skills so as to be an effective leader at workplace. Apart from this, I observed this I need
to develop my knowledge in other sectors, such as- personal development, leading people,
strategic planning, problem solving skills, participative management etc.
Future opportunities improves the level of understanding of individuals. My future goal is
to become senior human resource manager in a multinational corporate association, in this
relation I need to gain more and more working experience of this field. Furthermore, for
achieving future goals I should develop the way of thinking for particular topic or subject. Along
with this I also have to make a to do list and by conducting group discussion and nettings in
order to monitor employees' performance.
I need to be a part of training programmes and then evaluate my knowledge which I have been
gathered in those events.
Below mentioned these activities that should involved in my future plan, such are stated
as under: -
Activity 3 months Skills gained Time scale
Brain storming session Stress management 6 weeks
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Group discussion Managing conflicts 8 weeks
Activity 6 months Skills gained Time scale
Team meeting of different
professionals
Team skills 15 weeks
Communication with
different employees and
managers
Communication skills 20 weeks
With the assistance of all these activities I can easily achieve future goals and objectives.
In addition, the plan also helps me to get over from all weaknesses and grab better future
opportunities in a certain time period. Along with this, I can also attend several training and
development in order extend my knowledge in HR field.
Self reflection
As per this discussion, I would like to recommend that personal and professional
development plays a crucial role in individuals life; it helps them to determine those areas which
should be improved in future. Along with this, it also helps me to identify my strengths and how
to effectively use them in order to achieve my career goals and objectives. Along with this, as a
HR manager I need to improve my several skills and knowledge so as to effectively perform at
workplace. There are several external factors, like increasing market competition and changing
demand of HR professionals. Thus, in order to compete with lantern threats, I need to take
training and development assistance from my senior managers. I also have to attend group
meetings and conferences, it will be improved my decision making capabilities. Apart from this,
I should decide certain short terms and long term goals. My short terms is to reduce my
weaknesses by continuous learning sessions whereas my long term goal is to become HR
manager of a multinational business organisation. In order to achieve these targets, I have to
make a proper time framework for all learning activities and review my success time to time. For
this perspective, I can also consult with my colleagues and higher authorities.
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CONCLUSION
From the above mentioned report, it has been analysed that personal and professional
development plays an imperative role in growth and development of individuals. It helps people
to achieve their goals and objectives in a certain time period. Apart from this, it is essential for
individuals to make SWOT analysis in order to identify their own strength and weaknesses so as
to use them in an effective manner. People also have to make self review so as to determine
academic skills and several indicators of success. A personal and professional development plan
is prepared with a proper time scale in order to find out development needs of people.
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REFERENCES
Books and Journal
Moon, J. A., 2013. Reflection in learning and professional development: Theory and practice.
Routledge.
Avalos, B., 2011. Teacher professional development in teaching and teacher education over ten
years. Teaching and teacher education. 27(1). pp.10-20.
Mwalongo, A., 2011. Teachers' perceptions about ICT for teaching, professional development,
administration and personal use. International Journal of Education and development
using information and communication Technology. 7(3). p.36.
Reeves, D. cB., 2012. Transforming professional development into student results. Ascd.
Van Driel, J.cH. and Berry, A., 2012. Teacher professional development focusing on
pedagogical content knowledge. Educational Researcher. 41(1). pp.26-28.
Taylor, M. and et. al., 2011. Teacher professional leadership in support of teacher professional
development. Teaching and Teacher Education, 27(1), pp.85-94.
Roeser, R. W. and et. al., 2012. Mindfulness training and teachers' professional development: An
emerging area of research and practice. Child Development Perspectives. 6(2). pp.167-
173.
Lumpe, A. and et. al., 2012. Beliefs about teaching science: The relationship between elementary
teachers’ participation in professional development and student
achievement. International Journal of Science Education. 34(2). pp.153-166.
Yeh, Y. C., Huang, L. Y. and Yeh, Y. L., 2011. Knowledge management in blended learning:
Effects on professional development in creativity instruction. Computers & Education.
56(1). pp.146-156.
Eros, J., 2011. The career cycle and the second stage of teaching: Implications for policy and
professional development. Arts Education Policy Review. 112(2). pp.65-70.
Online
PERSONAL DEVELOPMENT PLANNING, 2015. [Online]. Available through:
<http://www.managers.org.uk/knowledge-bank/personal-development-planning>.
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The failure and success of business if they are taking entry into Hong kong market are related
with achieving success in their operations if they are developing products according to
needs and wants of customers. There should be proper research and development
activities organised by which firms can easily analyse trends at market places before
taking entry into new markets. There success can be linked with achieving higher
growth and profitability from their overall business operations and they will expand
their overall operations around the globe. The weakness can be analysed if they are not
able to establish strong images at market areas and products are not developed
according to needs and wants of customers thus they are not able to achieve customers
satisfaction.
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