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Unit One and Two Individual Assignment [GB580 | Strategic Management] Unit 1 Assignment One key element of a successful strategic plan is its ability...

Unit 1 and 2 Individual Assignment One key element of a successful strategic plan is its ability to prepare the organization to weather and, indeed, capitalize on the changes in the external environment in which the organization exists. Individuals face an equally challenging and rapidly changing environment that they must plan for. Given this outlook, think of yourself as your own company, as You Inc., and plan a strategy to succeed in this changing and challenging environment. Individuals need a strategic plan just as organizations do. To that end, develop individual strategic plans during the next 2 weeks, using the tools that are introduced here and in your readings. Please make a note that the units one and two assignments are designed as a personal strategic plan. This means you will be doing your plan on yourself and your future. This is not designed to be a strategic plan on a business, even if you own it. Personal strategic plans deal with planning the future for your family, your education, your employment, and/or your political ambitions; anything that will impact you personally. Click on the Rubric Icon to read complete detailed instructions on what you will need to complete and submit for the Unit 1 and 2 Individual Assignments. Also, Click on the Resources icon to download the templates needed for successful completion of the Assignments.
[ GB580 | Strategic Management ] Unit One and Two Individual Assignment Unit 1 Assignment One key element of a successful strategic plan is its ability to prepare the organization to weather and, indeed, capitalize on the changes in the external environment in which the organization exists. Individuals face an equally challenging and rapidly changing environment that they must plan for. The following excerpt from Friedman and Mandelbaum (2011) expresses these new challenges. Broadly speaking, today’s job market can be divided into three segments, which are steadily collapsing into two. The first includes what are known as nonroutine high-skilled jobs… In the second category are routine middle-skilled jobs, involving a lot of standardized repetitive tasks, of either the white-collar or blue-collar variety… The third segment of the job market involves workers doing nonroutine low- skilled jobs that have to be done in person or manually—in an office, a hospital, a shopping center or restaurant, or at a specific construction site, factory, or locale…. Putting all three categories together makes clear why the experts speak of job market “polarization.” Nonroutine high-skilled work becomes, if anything, more lucrative, depending on the overall economy. Nonroutine low-skilled work can pay decently, depending on the local economy and how well that worker performs. But white- and blue-collar routine work shrinks, gets squeezed on pay, or just vanishes. The net result of the “rising demand for highly educated workers performing abstract tasks and for less-educated workers performing ‘manual’ or service tasks is the partial hollowing out or polarization of employment opportunities,” conclude Katz and Autor. (pp. 75-78) For the complete text, see: Friedman, T. L., & Mandelbaum, M. (2011). That used to be us: How America fell behind in the world it invented and how we can come back. New York: Farrar, Straus and Giroux. Source: 1
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[ GB580 | Strategic Management ] Friedman, T. L., & Mandelbaum, M. (2011). That used to be us: How America fell behind in the world it invented and how we can come back . New York, NY: Farrar, Straus, and Giroux. Given this challenging outlook, think of yourself as your own company, as You Inc., and plan a strategy to succeed in this changing and challenging environment. Individuals need a strategic plan just as organizations do. To that end, develop individual strategic plans during the next 2 weeks, using the tools that are introduced here and in your readings. Please make a note that the units one and two assignments are designed as a personal strategic plan. This means you will be doing your plan on yourself and your future. This is not designed to be a strategic plan on a business, even if you own it. Personal strategic plans deal with planning the future for your family, your education, your employment, and/or your political ambitions; anything that will impact you personally. Refer to the site http://www.QuickMBA.com/strategy/strategic-planning/ for an overview of the process that you will use, as repeated below. 2
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Running Head: VITS AUTOMOTIVE COMPANY STRATEGIC PLANNING VITS AUTOMOTIVE COMPANY STRATEGIC PLANNING Student name: Institution name: Date of submission: 1 VITS AUTOMOTIVE COMPANY STRATEGIC PLANNING...

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