question archive There are two topics one is 'strategies for competing in international markets' and the second is 'the five generic competitive strategies' under the topics of business strategy
There are two topics one is 'strategies for competing in international markets' and the second is 'the five generic competitive strategies' under the topics of business strategy
Subject:BusinessPrice: Bought3
There are two topics one is 'strategies for competing in international markets' and the second is 'the five generic competitive strategies' under the topics of business strategy. The following is the written smart goals based on these two topics to improve in both the topics in the short term and long term.
SMART GOALS:
1.Specific?:
Global and regional expansion of new sectors. Companies want to expand in new sectors and regions, they sometimes expand to fast in regions that may not be a good option for early start. Example a youth cloth manufacture with new uptrend clothes will want to expand in a region with more youth population and medium disposable income and a fertilizer brand would want to expand in a farming community.
2. Measurable?:
Measure as per new business benchmarks are brand awareness, reach of the product and sales. So, with my competitive strategy I can work out a measurable output meter which will show the near accurate measure of progress.
3. Achievable?:
Skills to achieve the goal are the right research and the right education I have received my path towards achieving will be goal oriented and backed by statistics. The one skill or need will be to understand the products, which I will work with the client and their team to understand the products and their USP's. With the right SWAT I will then understand where to advice and target the same.
4. Relevant?:
Goal is a simple formula to achieve and measure a time bound process of working. There will be some changes and strategical moves as we progress. If we don't know what we want and when we want, then we are shooting an arrow in a dark room, hoping to hit the target. We have to work with a marked progress path and be adherents to progress.
5. Time-bound?:
The timelines set will be based on different growth and achievement markers. The timeline has to be realistic but various factors may change the course of growth, they may be more or less and that may change the path, but the goal remains achievable always. There is no two ways of success.
Based on the above smart goals and the two topics, explain how this identified strengths and opportunities for growth changed from the beginning of the course to now? and how have these various factors impacted one's career outlook, if at all?
How has one's understanding of the various aspects of business changed as a result of one's participation in this business strategy course? Has this new understanding influenced one's goals and career objectives?
