Business Capstone Project Assessment 4

Assessment 4

Note

: Developing a strategic plan requires specific steps that need to be executed

in a sequence. The assessments in this course are presented in order and

should be completed in sequence.

Success in any endeavor

requires focus, long

-

term planning, and effort. Most

long

-

term objectives require short

-

term achievements.

Use what you have learned about yourself through the SWOT analysis and

environmental scan you completed to develop a long

-

term and a short

-

term plan

for yourself. Complete the following:

1.

Start by describing your 5

-

year professional and financial objectives.

·

What title or position would you like to have?

·

Where would you like to be financially?

2.

Based on the results of your SWOT analysis and environmental scan, determine the

following:

·

What skills do you need to develop to achieve your 5

-

year objectives?

·

Is your industry changing? What do you need to do to grow with it?

·

What resources do you have

to help you achieve your 5

-

year objectives? (Hint:

Resources can mean more than financial; are there people you know who can

help you achieve your objective?)

3.

Now develop a short

-

term plan that will help you achieve your long

-

term objectives:

·

What will you

need to accomplish each year to achieve your 5

-

year objectives?

·

What monthly/weekly/daily steps will help you reach your long

-

term

objectives?

·

How will you address obstacles that occur along the way?

To successfully complete this assessment, you may need

to do some research

on developing long

-

term and short

-

term plans. Format this assessment as a

research paper following current APA guidelines for both style and citing sources,

making sure that you also use correct grammar and mechanics. There is no

requir

ed minimum or maximum page length; however, you should strive to be as

detailed as possible in addressing each point, while also being as clear and

concise as possible.

Assessment 4

Note: Developing a strategic plan requires specific steps that need to be executed

in a sequence. The assessments in this course are presented in order and

should be completed in sequence.

Success in any endeavor requires focus, long-term planning, and effort. Most

long-term objectives require short-term achievements.

Use what you have learned about yourself through the SWOT analysis and

environmental scan you completed to develop a long-term and a short-term plan

for yourself. Complete the following:

1. Start by describing your 5-year professional and financial objectives.



What title or position would you like to have?



Where would you like to be financially?

2. Based on the results of your SWOT analysis and environmental scan, determine the

following:



What skills do you need to develop to achieve your 5-year objectives?



Is your industry changing? What do you need to do to grow with it?



What resources do you have to help you achieve your 5-year objectives? (Hint:

Resources can mean more than financial; are there people you know who can

help you achieve your objective?)

3. Now develop a short-term plan that will help you achieve your long-term objectives:



What will you need to accomplish each year to achieve your 5-year objectives?



What monthly/weekly/daily steps will help you reach your long-term

objectives?



How will you address obstacles that occur along the way?

To successfully complete this assessment, you may need to do some research

on developing long-term and short-term plans. Format this assessment as a

research paper following current APA guidelines for both style and citing sources,

making sure that you also use correct grammar and mechanics. There is no

required minimum or maximum page length; however, you should strive to be as

detailed as possible in addressing each point, while also being as clear and

concise as possible.