Strategic Management Concepts the Current Research Proposal

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My skills must be in line not just with my current position, but with the position in which I hope to find myself next. I will also seek opportunities to learn from experts within my own company. The second component is that I wish to develop a strong competency in technology. The role of information technology in modern management continues to increase and I will seek to develop a competitive advantage through continuous improvement of my technological skills. I will implement this part of the strategy my taking coursework and engaging in extensive study of the industry on my own time.

The second key strategy will be that I will build strong communication skills. Strong leadership is one of the most important traits in management today. It is therefore imperative that I build a competitive advantage in terms of my leadership and communication skills. I will implement this strategy by taking courses to improve my communication and leadership skills, by benchmarking myself against those who I feel are better at these aspects of management, and seeking evaluation from my own company with regards to these skills.

The third key strategy will be to foster strong relationships with my superiors. This will help me to create opportunities for myself. I want to be able to move quickly up the corporate ladder in accordance with my skills.

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This will require me to find mentors and supporters within upper management ranks. Their knowledge and insight will also help me to improve my leadership, communication and functional skills. I will implement this strategy by attending corporate functions, by networking within the office, and by becoming involved in different committees and teams within the company.

In order to help achieve the vision that I have for myself, I will also need to have a monitoring and control system. I will need to evaluate my career positioning and skill development every six months. During this process I will evaluate my progress relative not only to my original objectives but also with respect to the current external environment. I will look for deviations in terms of outcomes, and develop plans to address those deviations. I will also monitor the fit between my strategy and the external environment. Changes in the environment can lead to new opportunities or new threats. Understanding the position I am in with respect to these threats and opportunities will help me to make better adjustments to my strategy. This monitoring process is critical because I expect that the environment will change and therefore my strategies and visions will also need to be continuously updated.

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