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Mgmt 339 Planning Assignment
This planning project is to be carried out in tandem with the corresponding discussions and readings for units 2 and 3. It is intended help you understand the planning process. To do this, you will focus on your personal goals for the next five years and to develop a plan for achieving those goals using the planning techniques discussed in the text and in your course.
For this assignment, you are required to write a 3 page paper (no less than 2½ pages, no more than 3½ pages), double spaced, no cover page. The paper will be a personal plan. In the paper four (4) main sections are required:
1. a personal mission statement
2. a situation appraisal
3. a set of plans/goals to achieve the mission
4. a description of how you will measure plan success.
Number and title each of the four sections
Submit your paper online via Canvas
Step 1: Developing a Personal Mission Statement
The first part of your assignment is to develop a personal mission statement. As you have seen in the text, companies develop mission statements to guide and inform their planning and decision making. In the same way, individuals can develop personal mission statements to guide them and help make meaningful decisions.
Mission statements, as we learned from our readings and discussions, are broad statements of purpose of an organization or individual. Your Mission Statement will be unique to you, but you can use some general guidelines to develop it.
A mission statement for yourself is really a succinct, but broad description of what you would like to achieve in your life. Your mission statement should be a short (no more than one-half page, double spaced) declaration of what your life’s achievements will be. I suggest that you review both corporate and personal mission statements online.
Step II: Developing a Strategic Plan
A. Perform a situation analysis: Your next step is to carry out a situation analysis. In this section you will look at your personal strengths and weaknesses to assess where you are now. The more thorough you are in defining where you are now, the easier it will be to determine what you need to do to reach your goals.
B. Develop Goals: Developing the Mission Statement is the first step in the planning process. Carrying out the examination of your strengths and weaknesses is the second step. You now need to use the Mission Statement and the information generated by the situation appraisal to develop:
List the following:
· three (3) strategic (5-year) goals
· two (2) tactical (1-year) goals, and
· one (1) operational (weekly/monthly/semester) goal.
(Please separate these into three paragraphs)
These goals should be in conformity with your mission statement and take into account the findings from your situation appraisal. The goals must be stated so that they conform to the criteria required of good goals (i.e. they must, as far as possible, be specific, attainable, measurable, have a definite deadline, and be challenging). Make sure that your operational, tactical and strategic goals should also be in conformity with each other.
Step III: Developing a Measurement Plan
To be effective, goals must be monitored while they are in progress. Questions like, “Am I on schedule?” “Is this still a viable goal?” “Did I achieve this goal?” etc. must be considered in the planning process. Conclude your paper with a brief discussion of how you will measure each goal.
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