ASSIGNMENT – 4Reflective JournalExecutive Summary:This report delivers a portrait of my study and choice to pursue Masters in Business Administration (MBA) and mentions the reasons that inspired and encouraged me to choose this stream for my post-graduation program. It also shows how important it is to set goals in life and plan accordingly to achieve them. This report discovers the goals I have set, explains my experience of the first semester, recognizes important elements to gain success and presents the plans implemented for the achievement of goals.
It also defines the way to maintain balance between work and academics.Moreover, the report expresses the journey throughout the first semester of the Masters in Business Administration (MBA) program and marks the value of time management which is of great importance for attaining the objective. It shares the experiences gained, explains the skill sets obtained during the process.Self-introduction: Deciding to study an MBA (Master of Business Administration) was a big decision to take for an employee like me. What I believe or what I got to know through research and through the discussion I made with the experts that studying a Master of Business Administration drives us to get out of our comfort sector, handle with the current issues in international business, apply the advanced management techniques and continuously challenge yourself. As an MBA student, I believe it gives us ample networking opportunities.
We will be able to see and cooperate in a framework that emphasizes our management proficiencies with contemporaries, instructors and teaching staff. We earn access to the large alumni network of that particular-MBA program. Our links will give a noteworthy examination of the business circle, and a general understanding of the uncertain changes in the business environment. we can even demonstrate on some big business issues, make connections between various global events and world affairs.
Motivation and Goals: The major motivation for completing a post-graduate level qualification is to position myself strongly in a competitive job market. I personally find the knowledge and respect gained from completing specialist business degree is normally contemplated to be advantageous for orbit of roles across all industries.According to me, Master of Business Administration is also of great worth when targeting to negotiate upgrades or pay variations in a current role. I see undertaking MBA as an investment into my own future, both individually and for my organization.
My goal is to work in an organisation where i can utilize my skills and gain further experience while enhancing the company productivity and reputation. I also want to balance my work life and personal life by spending quality time with family and friends. My personal interest lies in playing cricket which I would like to continue to keep myself fit and active throughout the day.Key Success Factors:To have a successful run in any organization after pursuing MBA, one must have flexibility, knowledge about the ongoing business, skill sets to handle technical and financial matters of the organization.To be operative in any field, one must possess the range and flexibility to go from complete inspection on precise technical diligence matters, to having a serious understanding of a business from 30000-foot view. Though, range smears not only to skill sets such as practical and economical capability, but similarly to having the nature and behavior to get along well with others. One has rightly distinguished, “this is a social business,” and the ability to communicate with others and achieve one’s goals is a critical ability.
(Wang, Conrad,2006)One must possess the ability to face challenges which he or she may face while running a company or while working in a company. Today’s world renders numerous tests for industries, titleholders, heads and supervisors, and it is very difficult to shape all these tests and glitches precisely or even entirely in business schools. Therefore, the best business teachers and trainers can do is to explain MBA concepts clearly and to aspire entrepreneurs the certainties of the real world and alert them that there is no magic plan to achieve business feat and that successful business persons such as Bill Gates, Wayne Huizenga, Warren Buffett, Donald Trump, the stereotypically over-used cases in business books and courses are just that, examples and no more .This is important to know because people are distinct in their skills and fortune differs from one individual to the next. (McFarlane, Donovan A,2011).
Goal Achievement Plans:There are many developed complex management systems for meeting goals, but they have few common elements in them. The first and foremost is to communicate the goals. Goals can help us indicate the important things to the people we work with. Continuous communication of our priorities with the employees will keep them focused on their motive and will also help us attain our goal faster. (Fox, Adrienne,2013)We can get a step closer to our goal by planning the implementation.
We need to create a plan that will break down the implementation into smaller parts. We must make sure that goals once set must be reviewed time to time because it will help in having stronger dedication to achieve the motive. (Fox, Adrienne,2013)Third factor is the requirement of accountability. While working with a team, every member of it must know what their role is and how they can give their best to the overall performance.
Requirement of orchestrating the process is one of the element in attaining our goal. There is a need of appointing someone who can look after the teamwork of employees because employees will be busy playing their roles. Last but not the least is to track the progress. Measuring the progress of the plan will keep us updated with the ongoing thing and will also let us intervene and course-correct it.