Federation University BUMGT5920: Activity 5 Managing Self Report

This report focuses on the critical aspect of self-management within the global business environment, emphasizing the development of personal competency to enhance leadership capabilities. The report reflects on the learning acquired from university sessions and draws upon Peter Drucker's work on 'Managing Oneself' to underscore the importance of identifying and leveraging individual strengths. The author highlights their strengths in leadership and problem-solving, illustrating these with examples from their professional experience at a startup IT company. The report further outlines an action plan for future career development, including acquiring domain skills, people management training, and honing interpersonal and decision-making skills. It stresses the significance of aligning personal values with organizational goals and presents a framework for personal competency development. The report also includes references to key management figures and literature, providing a comprehensive perspective on the path to effective leadership in a diverse and dynamic global business setting.

Activity 5
Activity 5
Management in global business environment
Student name
Subject name
University name

Activity 5
Activity 5
Managing oneself is one of the most important aspects in today’s business
environment. This report focuses on developing personal competency and managing self, to
become better managers or rather leaders for managing a diversified and multicultural team.
This report reflects on my learning from the sessions attended at the university. One of the
most known works of Peter Drucker in the field of Management, is his article on ‘Managing
oneself’. This article demonstrates the need to know and manage self by identifying the
strengths and weaknesses. One needs to understand his or her strengths to known where they
belong and what goals can they achieve by leveraging those skills and strengths. There have
been some great leaders in the history of mankind such as Napoleon Bonaparte, Martin
Luther King, and Mahatma Gandhi; Da Vinci to name a few more. All these leaders have
achieved their goals by knowing their strengths and they have done exceptionally well for the
betterment of the society. Hence, to get to a leaders’ position, one needs to understand that
knowing your strengths can help to extent the limits of achievement (Drucker P. R., 2005).
Let us now refer to Peter Drucker’s work as published in HBR in the year 2005. It
says that “Knowing where one belongs can transform an ordinary person — hardworking
and competent but otherwise mediocre — into an outstanding performer (Eliason, 2019).”
It clearly states that if you want to perform well and transform from an ordinary person to an
extra ordinary person, one needs to understand the self competencies and should lay focus on
strengths and execute tasks using those strengths. A person who performs tasks which do not
suit his or her strengths or competencies would eventually lose motivation and thereby make
that person mediocre. One should understand strengths and master particular knowledge areas
to gain expertise rather than becoming jack of all things with no success or interest. Knowing
oneself can help to manage self efficiently. When you know your strengths, it helps to
outperform and minimize the weaknesses (obtaineudaimonia.com, 201).

Activity 5
As I associate and compare myself to Peter Drucker’s Theory of managing oneself,
my primary strengths are leadership skills and problem solving. I can lead a team efficiently
and derive better productivity by leveraging interpersonal skills like motivation and
flexibility. I am very good at problem identification in any scenario and thereby solving the
problem by evaluating the relevant alternatives. I have been working at a startup IT company
where I have led a team of associates. I helped the team in mitigating every issue and
problem that came in the way and my team completed the targets before time, delivering the
best quality product. I also have a good analytical ability which helps to workout alternatives
in adverse situations (Mayers, 2014).
As I possess the above mentioned skills, I need to have an in-depth study about the
how I can apply these skills in my career in the future. In order to become a successful leader
or manager, reading more about successful leaders and entrepreneurs like Steve Jobs, Warren
Buffet, Bill Gates along with books on developing interpersonal skills would be critical for
me. Along with this, I need to acquire critical team skills and business acumen for handling
different types of people in a diversified work environment. I also need to learn research
skills to enhance the success ratio in my future endeavors (Drucker P. F., 2015).
The factors of motivation for me are growth and people-centricity. I always like to
have a transparent system of 360 feedbacks where I can consider everybody’s opinion and
take informed decisions based on relevant alternatives. I like to evaluate myself at continuous
intervals to manage myself more efficiently. I respect each and every individual’s opinion.
My personality is more of a people centric person rather than task oriented person.
‘Managing oneself’ to transform into an extraordinary person also requires understanding of
self values and organizational values. Having said that, I feel that sometimes, I get into
difficult situations managing people and land in a dilemma where I need to choose either
people’s flexibility or work quality (N.A, 2019).

Activity 5
The IFPM has suggested a framework for personal competency development which is
based on three elements: Managing Self, Managing the Business and managing others. The
sub elements to these elements could be seen in the diagram above. I need to learn about all
these elements which would help me to succeed in any organization. The key parameters of
success at any organization depend on knowing about the business, knowing your strengths
and finally knowing about the people you manage (Redding, 2014).
After knowing my strengths and where I belong to, I can say that I can perform better
as an operations manager where I can adopt agile practices to accomplish my work,
managing the team efficiently. Please find my action plan below:

Activity 5
Goal Description Action required Evidence of
achievement
Timelines
Develop operational
domain skills
Refer functional and
operational literatures
I will be able to guide
my team on operational
aspects
November 2019
Learning and
development
(trainings on people
management)
Listing relevant
trainings and acquiring
certifications
Getting 80% score in all
people management
courses taken
April-May 2020
Developing
interpersonal and
decision making skills
Collaborate with people
in key decision making
roles
I will be able to take
decisions accurately
while deciding between
people’s flexibility or
work quality
At the end of post
graduation

Activity 5
References
Drucker, P. F. (2015, January). Managing Oneself. Retrieved from https://hbr.org:
https://hbr.org/2005/01/managing-oneself
Drucker, P. R. (2005, january). Managing Oneself . Retrieved October 2, 2019, from
https://signallake.com/innovation/managing_oneself.pdf
Eliason, N. (2019). Managing Oneself by Peter Druck. Retrieved from
https://www.nateliason.com: https://www.nateliason.com/notes/managing-oneself-
peter-drucker
Mayers, M. (2014, January 5). Know Thyself Helps You Manage Yourself by Peter Drucker.
Retrieved October 2, 2019, from http://masonmyers.com:
http://masonmyers.com/peter-drucker-managing-oneself-know-thyself/
N.A. (2019). IFPM Management Competency Framework. Retrieved October 2, 2019, from
https://ifpmglobal.org: https://ifpmglobal.org/about-2/ifpm-management-competency-
framework/
obtaineudaimonia.com. (201). Managing Oneself by Peter Drucker. Retrieved October 2,
2019, from https://www.obtaineudaimonia.com:
https://www.obtaineudaimonia.com/managing-oneself-peter-drucker
Redding, S. (2014). Personal competency. Retrieved from http://www.centeril.org/:
http://www.centeril.org/publications/Personal_Compentency_Framework.pdf