Personal Development Plan for Business Management Course, Semester 1

This document presents a comprehensive personal development plan, structured into three parts: personal analysis, goal setting, and personal objectives. The first section details the student's strengths, such as intrinsic motivation, adaptability, and organizational skills, alongside areas needing improvement, including time management, financial management, and leadership skills. It also includes opportunities and threats. The second section outlines specific goals related to financial management, leadership, time management, and networking, detailing what needs to be learned, the required actions, and methods for measuring success with target dates. The final section sets out short-term, medium-term, and long-term objectives, aiming for leadership roles, improved financial and time management skills, enhanced networking, and expanded business management experience, culminating in the ability to manage complex finances and explore innovative marketing and sales technologies. The plan references several academic sources to support its findings.

PERSONAL
DEVELOPMENT PLAN

TABLE OF CONTENTS
PART 1: PERSONAL ANALYSIS.................................................................................................3
PART 2: SETTING GOALS...........................................................................................................4
PART 3: PERSONAL OBJECTIVES.............................................................................................7
REFERENCES................................................................................................................................8

PART 1: PERSONAL ANALYSIS
Strengths Areas for further development
Intrinsically motivated which does not let
me down in any situation.
Open-minded which helps in broadening my
mind.
Organised and structured which helps me to
become systematic.
Very hardworking which gives me success
in every field.
Thoughtful as this does not let me take quick
decisions.
Content writing which helps in expressing
my views in form of words.
Blogging which will help me in developing
my identity.
Proper knowledge in social media and the
usage of social media which will provide me
various opportunities in career such as
marketing and sales (Mamabolo, Kerrin and
Kele, 2017).
I am good at project management and
planning which will help me in dealing with
different types of projects in my field of
business management.
Communication and negotiation which will
help me in dealing with numerous
customers.
Easy to work with other people which helps
me in doing team activities and to cope up
with others.
Tendency for comfort.
Tendency to become adaptable.
Needs to be somewhat less thoughtful as it
does not allow me to take quick decisions.
I need to be good at managing the finance
and must improve myself in finance
management.
I need to be aware of the different ways of
marketing and sales and I am weak at
developing various marketing strategies.
I am not having much leadership skill which
is a key skill. I need to improve myself in
motivating others for improving the
productivity (Lizardo, 2017).
I need to improve my networking skills as I
am weak at building good relationships with
people so I need to make use of the
knowledge of social media in developing
stronger relation with people.
I am weak at problem solving which will
create many obstacles in my personal
development.
I need to learn time management skills and
must be able to complete my tasks within
the allotted timeframe.
Lack of systems.
Opportunities Threats
I have the opportunity to become a leader in
my batch.
I can learn some skills through online
courses also.
I can get various certifications while proving
Lacking of business knowledge.
Competition in the business management
field is increasing day by day as the
companies are striving hard to compete with
each other which increase the
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myself better than other.
I can take part in various tasks and activities
at the institution to prove myself.
Future growth in business.
I can also follow the fitness trend which can
help in moving from one place to another for
marketing.
I can make use of new advanced
technologies for marketing and sales.
I can make use of advanced software for
planning the projects and also in managing
the finance.
Can show off the skills which I learned
through the online platforms.
Good colleagues with whom achieving the
goals become easy.
competitiveness in the industry.
There are various economic changes in this
field (Gao and et.al., 2020).
There are very less incentives which I can
get after doing my best in my field.
Higher number of jobs in business
management which makes it difficult to find
accurate job.
The enthusiasm can be lost in the project at
any time which makes difficult to achieve
the goals.
It takes a lot of time to take initiative for nay
project.
Rushing and putting time over quality and
sometimes failing.
PART 2: SETTING GOALS
What do I want to learn? What do I have to do? How will I measure
success
Target date for review?
Financial management
skills.
I need to follow some
simple steps and must
practice them again and
again:
I must make a budget and
must stick to it in order to
know the money wasted
and utilized.
I must become a conscious
consumer to make a
judgment for what is
needed and what is not.
Balancing my check-book
according to my plan and
vision (Paarima, Kwashie
and Ofei, 2021).
Working together with
I must become able to
manage some simpler
finance at the initial levels
and then later followed by
moving to complex
finance.
I must become able to
develop budget and must
be able to perform the
things accordingly.
Not more than 1 month.
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someone who is good at
managing finance so that
they can monitor the place
where I am going wrong.
I must be committed to
save money.
Leadership skills I must learn to take
initiatives and must think
critically. I must listen
effectively to others and
motivate others. I will be
in discipline and learn
things constantly so that I
can make others in
discipline.
I must try to handle the
conflicts.
Becoming able to lead the
team by motivating to
achieve the team goals
without much conflicts
and handling all the issues.
Not more than 15 days.
Time management skills I must start my tasks early
and set the limits for each
task and sub tasks. I must
give breaks and prioritize
my tasks. The tasks and
deadlines must be
schedules and the
workplace must be
organised. I must also
make use of time
management software or a
clock to monitor my time
of performing and
completing the tasks.
Performing tasks
according to the schedule
and became able to
complete the task within
deadline.
Not more than 20 days.
Networking skills I will practice to improve
the communication skills
so that I can interact and
communicate effectively
with everyone I meet and
can convince them
A good circle of friends
with positive people.
Number of connections
increased.
Can take more than 2-3
months.
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(Batistic and Tymon,
2017).
I must take the
constructive feedbacks and
must also attend
networking events.
PART 3: PERSONAL OBJECTIVES
Short-term goals (next 12 months)
To become leader of my batch.
To become able to manage the simpler and easier finance.
To become able to manage the time while performing tasks.
To become able to solve any type of problems by critical thinking and decision
making.
Medium term goals (next 2-3 years)
To improve my networking skills and increase my connections with positive and
constructive people.
To gain wide experience in business management field.
To complete more than 5 projects from different fields.
Longer term goals (beyond 3 years)
To be able to work on any type of project.
To become able to manage complex finance.
To explore various technologies for marketing and sales.
To become able to transform the retailer system in UK by finding creative and
innovative ways for making production process less costly.
REFERENCES
Books and Journals
Batistic, S. and Tymon, A., 2017. Networking behaviour, graduate employability: A social
capital perspective. Education+ Training.
Gao, S. and et.al., 2020. Combined use of principal component analysis and artificial neural
network approach to improve estimates of PM2. 5 personal exposure: A case study on
older adults. Science of The Total Environment. 726. p.138533.
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Lizardo, O., 2017. Improving cultural analysis: Considering personal culture in its declarative
and nondeclarative modes. American Sociological Review. 82(1). pp.88-115.
Mamabolo, M.A., Kerrin, M. and Kele, T., 2017. Entrepreneurship management skills
requirements in an emerging economy: A South African outlook.
Paarima, Y., Kwashie, A.A. and Ofei, A.M.A., 2021. Financial management skills of nurse
managers in the Eastern Region of Ghana. International Journal of Africa Nursing
Sciences, 14, p.100269.
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