Strategic Management Concepts Term Paper by Nicky

An outline of a new management graduate's strategy to build a career in today's difficult job market.
# 146593 | 1,492 words | 4 sources | APA | 2010 | US
Published on Jan 04, 2011 in Business (Management) , Business (General)


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Description:

This paper address the current difficult situation in the job market and outlines the author's medium-run plan to build a successful career. In the paper he lists his strengths, vision and his key strategies. It also discusses the fit between his strategy and the external environment.

From the Paper:

''The current external environment is not favorable. Leading economic indicators such as the stock market are negative. Unemployment in most sectors of the economy is rising. There is a credit crunch and fewer firms are expected to hire (Coombes, 2008) as a result of this decline in capital investment. There is strong competition in the marketplace from managerial talent that has become newly unemployed. There are some strong sectors, such as mining or oil & gas, but those sectors often require specific skills sets or requirements such as geological knowledge and the ability to relocate to remote locations.
''My strengths are my strong work ethic and my managerial education. I understand the strategic management process and can be a valuable asset to companies on that basis. I also have solid functional management skills, developed over the course of my management education. I have a strong work ethic and high personal integrity. My main weakness is my lack of work experience. As a manager, I do not have high level experience, since I am just exiting school. My work experience does not support my strategic objectives.''

Sample of Sources Used:

  • Thompson Jr, Arthur A.; Stappenbeck, Gregory J.; Reidenbach, Mark A. (2008) "The Business Strategy Game: Competing in a Global Marketplace" McGraw-Hill.
  • No author. (2007). SWOT Analysis. QuickMBA. Retrieved December 3, 2008 from http://www.quickmba.com/strategy/swot/
  • Barrett, Emily & Bater, Jeff. (2008). "Service-Sector Contracted in November" Wall Street Journal. Retrieved December 3, 2008 from http://online.wsj.com/article/SB122831050293675589.html?mod=googlenews_wsj
  • Coombes, Andrea. (2008). "Glum Outlook on Jobs". Marketwatch. Retrieved December 3, 2008 from http://www.marketwatch.com/news/story/slide-hiring-plans-worst-20/story.aspx?guid={692FAA6C-1CEC-440D-82FF-0DB56D16853E}

Cite this Term Paper:

APA Format

Strategic Management Concepts (2011, January 04) Retrieved October 04, 2022, from https://www.academon.com/term-paper/strategic-management-concepts-146593/

MLA Format

"Strategic Management Concepts" 04 January 2011. Web. 04 October. 2022. <https://www.academon.com/term-paper/strategic-management-concepts-146593/>

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