BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans
Phillip March 1, 2024 No Comments

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans

Name

Capella university

BUS-FPX4993 Business Capstone Project

Prof. Name

Date

Long-Term and Short-Term Plans

Planning is a fundamental function of management crucial for organizational success, both in the short and long term (Rossouw, 2022). Similarly, personal development hinges on effective planning to achieve career goals (Greco & Kraimer, 2020).

Long-Term Goal

In the next five years, I aspire to attain a managerial position within my current organization, overseeing client accounts and fostering customer relationships (Rossouw, 2022). Financially, I aim to establish a property rental business in the Philippines, diversifying my investment portfolio and securing passive income streams (Greco & Kraimer, 2020). To realize these goals, I must complete relevant academic degrees and training programs, equipping myself with essential skills for managerial roles (Greco & Kraimer, 2020).

Short-Term Goals

Short-term objectives include enrolling in a master’s degree program in business to enhance my managerial capabilities (Jackson & Tomlinson, 2020). Additionally, I plan to participate in development programs offered by my organization to broaden my skillset (Richardson & McKenna, 2020). Financially, I aim to pay off existing debts and bolster savings through strategic investments (Greco & Kraimer, 2020).

Conclusion

Effective short-term planning is integral to achieving long-term goals, necessitating a clear understanding of potential obstacles and proactive mitigation strategies (Rossouw, 2022). By implementing structured plans and adapting to unforeseen challenges, individuals can progress towards both professional and personal aspirations.

References

Greco, L. M., & Kraimer, M. L. (2020). Goal-setting in the career management process: An identity theory perspective. Journal of Applied Psychology, 105(1), 40–57. https://doi.org/10.1037/apl0000424

Jackson, D., & Tomlinson, M. (2020). Investigating the relationship between career planning, proactivity, and employability perceptions among higher education students in uncertain labour market conditions. Higher Education, 80(3), 435-455. https://link.springer.com/article/10.1007/s10734-019-00490-5

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans

Richardson, J., & McKenna, S. (2020). An exploration of career sustainability in and after professional sport. Journal of Vocational Behavior, 117, 103314. https://doi.org/10.1016/j.jvb.2019.06.002

Rossouw, J. (2022). Sustainable development of a researcher’s career trajectory. Perspectives in Education, 40(3), 78-94. https://doi.org/10.18820/2519593X/pie.v40.i3.6

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans