Importance of Personal Development Plan in Marketing Management
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This report discusses the importance of personal development plan in marketing management, including the skills required for the role and the impact of feedback in identifying strengths and achievements. It also explores how personal development plans contribute to the achievement of organizational objectives.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 LO2..................................................................................................................................................3 LO4..................................................................................................................................................6 CONCLUSION................................................................................................................................9 REFERENCES................................................................................................................................1
INTRODUCTION Personal development planning is a structured framework which helps the individuals in identifying the skills they already have, the skills they required to develop in order to achieve what we want to achieve and how we achieve it. The report will state the skills required, areas of improvement, importance of feedback in identifying strength and achievements on the career planningof marketingmanagers.Thereport willalso coverthe impactof the personal development plans on the individuals, wants to become a marketing manager in the future and contribute their percentage on the achievement of organization objectives. MAIN BODY LO2 Career and Progression Plan Marketing Manager I Social Media Other PR Website and Blog Email Marketin g Video Merchandise Strategies Design Write Communicate Workclosely with Sales Newsletter User On-boarding Retention Content Design Structure Facebook Goggle Twitter Pinterest New Releases Pressand Blogger contacts
Job description for marketing manager Job Description Job Title: Marketing Manager Location: London, UK Working Hours: Flexible- 8 hours/ day Reporting to: Managing Director Responsible for: Marketing Assistance Working with: Managing director and all other team members. Purpose of the Job: ◦Manage the day to day work of Marketing assistance. ◦To create and implement marketing strategy. ◦To identify and coordinate marketing information. ◦To provide trainings to Marketing assistance. ◦To produce appropriate PR collateral. Main duties and responsibilities: ◦To monitor company's sales performance. ◦To monitor and manage the work performance of team members. ◦To analyse the reason of strategy failure and correct them. ◦To follow up sales activities with customers. Skills matrix review and immediate skill gap analysis Less important skills- Big skills gap Public relation= 10% Video production= 15% Artificial Intelligence= 20% Negotiation/Sales= 15% More important skills- Big skills gap Active learning= 10% Persuasion skills= 20% Critical thinking= 25% Decision-making= 15% Complex problem solving= 10%
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Less important skills- Smaller skill gap Graphic and web designing= 0% Copy writing= -5% Display advertising= 5% More important skills- Smaller skill gap Speaking skill= 5% Reading comprehension= -5% Coordination= 5% Self-appraisal and action planning Situation: Customers poor feedback rate. Low sales volume. Low market share. Less customer base. Task: Company wants to achieve the sales increment by 10%. Company want to achieve the targeted market share of 30%. Company wants to attract new customers. Action: Selectingthechannelwhich have high customer traffic and whichisusedbythelarge number of customers. Results: Increase in customer feedback rate from 75% to 80%. Sales volume of the company increased. Reach targeted market share in one year. Increase in customer base. Skills development record and work-based feedback Before giving feedback to any of the staff members of the employees, it is important to know the purpose behind giving the feedback is to improve their performance not to insult them. By keeping day to day record of each employee and provide them feedback for their mistakes and appreciation for their good work increases the productivity of the employees (Sugumar and et.al., 2021). Feedback may be in term of employees writing skills, communication skills, active
thinking skills, active learning skills etc. Providing regular work-based feedback on time to the employees is important. LO4 Analysis of organizational theory against organizational practice Organizational theory is the study of the structure of the company which mainly form in the hierarchical structure. It is generally used to form the practices of the organization which defines the guidelines, code of conduct and ethics which all staffs of the organizations have to follow. There are generally four main organizational theory i.e. classical theory, human relation theory, decision theory and modern system theory. The classical theory is implement in the company to monitor the work of the employees and the management (Prasad, 2020). It is also useful in providing the training to the workers in order to develop their work. It is useful in formingthepracticessuchasOn-boarding,traininganddevelopmentandorganizational structure etc. The human relation theory is implemented in the business to build the strong relation between the management and employees. By involving the employees in the decision- making, the organization increases the social relations and morale of the employees. It is useful in forming the internal and external practices of the organization such as internal communication with employees, interaction with the customers, markets, suppliers etc. The decision theory state the organizations potential to adapt themselves to the environmental changes and make decisions according to it for example technological change. The last modern system theory reflect the principles to visualize all the small changes which can cause large impact and large changes which causes small impact (Van Wingerden, Derks and Bakker, 2017). The practices company can set in order to follow all the principles of the organizational theory are recruitment and selection of the new employees, monitor systems and processes for doing work well. It also includesenhancinginternalcommunication,implementationofhardwareandsoftwareto accomplish work, practices of product and services the company serve etc. Before starting any personal development plan and improving any skills, it is important to know the field in which we want to make our career (Dearing and Cox, 2018). After doing that we will further proceed on the same path. To become a marketing manager and make my career in the same I generally focus on the skills required to become an effective marketing manager. Along with it I also find out the areas where the improvement is required by obtaining feedback from the others. Feedback also help me in identifying my strength and achievements.
Skills required to become a marketing managers In order to become an MM, it is important that I have all the skills which a marketing manager job profile ask for (Di Gregorio and et.al., 2019). It includes Active listening: It is a skill which involve understanding and giving time and attention to the other individual when they are saying something. Reading comprehension: It involves the skill of understanding the sentences and the paragraphs related to the work file and document. Speaking skill: It is a skill which involve the effective communication to the others which is clearly understandable to them. Critical thinking: It is a skill which generally ask for the marketing manager profile which involve the skill of thinking out of the box. Active learning: Beside of having the skill of active listening, it is also important to have the skill of active learning. It involves understanding new technology and information to deal with the current and future problems. Persuasion skill: It is a skill which define the potential of the marketing manager to influence the mind and behaviour of the employees. It is important skill for the marketing manager. Monitoring: It is a skill require to monitor the work and performance of yourself and the other employees and make improvement and take appropriate corrective actions. Judgement and decision-making: The skills required to select the most appropriate action plan and take decisions for the same (Casey, 2021). Complex problem solving: Solving the problem is the most common skill but identifying and solving the complex problems help the managers in achieving the targets of the company. Time management: It is a skill require to complete the tasks on time by managing owns and also other time is an art. Coordination: Completing the tasks by maintaining coordination among the employees. Areas where improvement is required In order to make career and reach at the higher level, I also find out the areas which is need to be improved for personal development as well as the organizational development. In
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order to fix my non-productive marketing skills, I started using the analytical tool to determine my strategy which are not working well. After that I use the surveys process to identify the best marketing channel which brings the large number of customer traffics. By analysing the different marketing techniques, I find out that my techniques are outdated over a period-of-time (Hartley, Routon and Torres, 2019). So in order to fix it, I started experimenting and changing the marketing techniques and select the technique which perfectly fit with the environmental changes. Further, in order to improve my areas I started focus on the top customer rather than focusing on all customers to increase the sales volume. As response from the customers are not receives quickly does not mean that we are not doing anything. So by understanding this, I started improving my consistency and persistence skill in order to stuck on the marketing manager path. It is important to know that it take time to see the actual result. Importance of feedback in identifying strength and achievements In general way feedback is the information which is provided by the other individuals such as customers regarding whether they are satisfied with their skills and work or not. In my case, feedback help me in improving my skills and help me in measuring the level of the satisfaction of the customer. It is further help in realizing my potentials and the value of my opinions in the eyes of the customers. As satisfied customers are always wants to retain with the high profiled and knowledgable managers. So I try to make the improvement in my skills to retain the customer and increase their loyalty (Labanauskaitė, Fiore and Stašys, 2020). But in order to fix the solutions related to the dissatisfied customers, I always used to listen their problem and fix their issues. It helps in increasing the customer relation with unhappy customers and also increases their loyalty. In this way, the feedback not only help me in identifying my strength and weakness but it also helps me in increasing the customer base for the organizations. It also helps in providing the reliable data and information which help me in decision-making. Impact of personal development plan on work performance In today's world companies are changing their strategy and approaches in order to cope withthechangingenvironment.So itbecomessignificantfor theindividualstoengage themselves into the process of personal development plan in order to learn the new strategy and approaches. Improving the performance of the managers and employees of the company the personal development plan is act as a tool. The personal development plan involve the skill required for a particular field, areas for improvement, set goals and measure the progress of the
managers and employees (De Pelsmacker, Van Tilburg and Holthof, 2018). The impact of the PDP is that it increases the efficiency and productivity of the managers and employees of the company. It will further increase the profitability of the company which is the ultimate objective of the organizations. The benefit of personal development plan on my work performance is that I am able to make better alignment with my team member. I am able to measure my and my team progress and identify the results for the same. I become more accountable responsible for my work. Another positive impact of PDP is that I am able to make a clear roadmap to reach my goals. Contribution towards achievement of organizations objectives By analysing and selecting the best marketing channels, I manage to increase the customer base of the company and profitability objective of the company. Because of it the rating services on the feedback regarding the company is also increases from the 70% to 75% within one year. It also helps in increasing the sales volume of the company by 10% by last year and company are able to achieve the target market share of 30% that company fix one year later. Because of my consistent work I am able to take proper decisions which helps the business in coping with the uncertain environment. Because of organizing training sessions and offering incentives, I am able to improve the performance of my team (Eckart, McPhee and Bolisetti, 2017). It will help them in achieving the daily targets and which will further help the business in achieving corporate objectives as well. CONCLUSION The report concludes the significance of work performance in the current working placement environment by their critical evaluation. The report further concludes the skills required for marketing management along with the importance of performance development plan.Thisreportalsoconcludesmycontributiontowardstheachievementof goalsand objectives of the organizations.
REFERENCES Books and journals Prasad, L. M., 2020.Principles and practice of management. Sultan Chand & Sons. Dearing,J.W.andCox,J.G.,2018.Diffusionofinnovationstheory,principles,and practice.Health Affairs.37(2). pp.183-190. DiGregorio,A.andet.al.,2019.Employabilityskillsforfuturemarketing professionals.European management journal.37(3). pp.251-258. Hartley, P., Routon, P. W. and Torres, L., 2019. The skills marketing majors believe they acquire: Evidence from a national survey.Journal of Marketing Education.41(3). pp.202-214. Labanauskaitė, D., Fiore, M. and Stašys, R., 2020. Use of E-marketing tools as communication managementinthetourismindustry.TourismManagementPerspectives.34. p.100652. De Pelsmacker, P., Van Tilburg, S. and Holthof, C., 2018. Digital marketing strategies, online reviewsandhotelperformance.InternationalJournalofHospitality Management.72.pp.47-55. Casey, R., 2021. Importanceof feedback and personal leadershipdevelopmentplans.In Practice.43(1). pp.50-52. Van Wingerden, J., Derks, D. and Bakker, A. B., 2017. The impact of personal resources and job crafting interventions on work engagement and performance.Human Resource Management.56(1). pp.51-67. Eckart, K., McPhee, Z. and Bolisetti, T., 2017. Performance and implementation of low impact development–A review.Science of the Total Environment.607.pp.413-432. Sugumar,R.andet.al.,2021.Developmentandvalidationofastructuredfeedback questionnairefrompostgraduateson variouselementsof postgraduatemedical curriculum.Medical Journal Armed Forces India.77.pp.S57-S64. Online WhatdoesaMarketingManagerdo?.2021[Online].Availablethrough:< https://www.careerexplorer.com/careers/marketing-manager/> 1
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