Effective leadership is very much required in the strategizing and making of the personal and professional development plan that helps in assessing, improving, and initiating actions regarding the capabilities of an individual and making permanent improvisations in these skills throughout a career.
To be successful in any business or career venture it is very important to have the motivation to acquire certain specialized qualities along with setting short or long-term goals to prioritize all the tasks. The most important aspect of the life of an individual is to obtain skills both on the personal and professional front which requires the individual to be successful in achieving the needed objectives.
Therefore, a personal development plan should be made and strategized in the direction of life. My personal and professional development plan would involve activities that would improve my identity, and self-knowledge, and help me develop my potential and talent to enhance the quality of my life and career which would ultimately contribute to my future aspirations and dreams in the future.
Personal and professional development is not only limited to my development but it also includes both formal and informal activities for the improvement of others as well.
The personal and professional development plan is a meticulously designed program that is necessary to have effective leadership as a leader needs to identify and recognize his or her effectiveness in creating an understanding between a reviewer and an employee of an organization on vital areas that require development and support (Adams, Malerba & Mani, 2017).
My career path to date and my future objectives will be taken into consideration while preparing the personal and professional development plan
My objective is to develop a personal and professional development plan to know where I stand as a leader and to know more about leadership which includes the short, medium, and long-term objectives. The short-term objectives of my personal and professional development plan would include improving my performance to get better outcomes by using my strengths (Adeogun, 2013).
My objectives for the medium term would include my day-to-day knowledge regarding my work and further develop my ability the perform at a specific level of consistency. The long-term objectives would include assisting me in evaluating my strengths and weaknesses and developing my ability to sustain consistent growth.
To improve my performance in leadership to obtain better outputs I need to incorporate the following within six months in the following activities:
Organizational objectives– This would include the implementation of the plan and the increase in the loan amount to the people and organizations in need.
The leanings to the objective- I need to evaluate my skills constantly and accurately.
The initiatives that I need to do to achieve the above objective- Include the need to attend a course and complete the reviews by the senior management.
Support resources- I might be required to join a certain course with proper planning that would require some investments.
The immediate success that I am looking at includes raising my performance to a high and appreciable level by the end of the second year along with the assistance of the feedback and learning that are provided above.
The target period for the accomplishment of the above– I am considering six months. However, my efforts will always be to decrease the time taken to complete the target.
Medium-term– This would include enhancing my daily working knowledge and further improving of personal ability at a consistent level
Target duration– Six months
My Goal 2 would include learning and developing knowledge of critical thinking through the implementation of PDP daily.
Facts to be learned: Evaluating my performance constantly and devising new ways to improve in all the matters that I require to work on.
What is to be done to achieve the above: I need to attend certain courses that are related to my work and gain experience from my seniors. I also need to gather reviews of my work and performance.
A resource that needs to achieve the above– I would need to join a planned course that might require a specific amount of investments of money.
The expected success rate– This would include the need to have a clear understanding of what is to be done along with the outcomes in the future.
The target period to achieve the above goal planned time duration objective is six months.
Long-term– For helping me in evaluating my strengths and weaknesses and developing the ability to sustain growth continuously. Gaining knowledge and sensitivity to cultural diversity and achieving effectiveness in leadership by being culturally intelligent.
The departmental and organizational objectives – Implementing my PDP and developing my knowledge of leadership in the domain of finance along with increasing my work experience would enable me to reach the managerial profile in the organization within three years and open my own investment company.
Facts I need to learn and apply– To achieve perfection in my work, maintain the process observe the constant evaluation of the managerial and financial skills, and climb the corporate ladder by working hard. Careful identification of unique facts about every culture and analyzing them (Alamsyah & Yerki, 2015).
The ability to forecast when and how to use the knowledge in the future will be required. I need to be able to detect and identify the cultural gaps and biases in the work environment by the gained knowledge and need to bridge the cultural biases by using my culturally intellectual skills in the workplace which also reflects some aspects of leadership (Allison & Goethals, 2014).
What is needed to be done to achieve the above- I need to attend the available courses and learn from experienced sources. I need to maintain the performance level at a high standard. I need to create a high network of influential people who would be from both inside and outside of the organization. I need to gain cultural knowledge through various channels, movies, newspapers, traveling to different places, or working with people belonging to different cultural backgrounds.
Kind of support and resources needed– I need to build relationships with influential clients which would involve certain costs of entertaining them and meeting their requirements. Creating a network of individuals from higher management roles would provide me with the necessary insights regarding experience.
In the current business environment, emotional intelligence plays a vital role in handling various kinds of interpersonal relationships. For a leader to be effective, emotional intelligence is vital to lead the team from the front. So for my financial investment firm to be successful, I must inculcate the attribute that improves my emotional intelligence.
While setting goals, I need to consider the SMART method to define my objective in a better way. Setting goals and objectives that are organized will help me make a better and positive impact on my productivity and experience which may initially seem daunting (Basuki, Arief & Propheto, 2015). However, it would be simply a matter of initiating a few steps to be taken forward to achieve the desired success.
S for Specific: many factors should be included in the objectives to make them effective. The objectives need to be specific. The objectives should be objective and not subjective (Endrijaitis & Alonderis, 2015).
M for Measurable: To be able to implement the objective as an aspect of the process of the review, the objectives and aims should be very clear and relevant.
A for Achievable: The next vital factor for the setting of my goals and objectives is that they should be achievable. It is not possible to achieve 100 percent perfection in any work or task. Thus, a margin regarding the goals should be stated such as above 75% positive outcomes will be considered excellent (Gavino Jr & Portugal, 2015). The outcomes which are below 75% and above 405 would be considered as average and outcomes that are below 40% would be considered as bad.
R stands for Realistic: This leads to the next aspect which is a realistic approach during the setting of goals and objectives for my personal and professional development plan. The goals that recognize the factors that cannot be controlled anyway are considered to be realistic. Realistic goals have the potential to challenge them but are not so challenging that make them completely unattainable. Realistic goals can be accomplished with the skills that I have at my disposal (Jing, 2013).
T stands for time-based: The final factor for better personal and professional objectives is that they need to be based on time frame. In other ways, it can be said that my objectives and goals should be real and tangible. This is the final factor that has to be considered while strategizing my goals and objectives (MALIK, et al., 2014). The date of the accomplishment of achievements of the first goal should not exceed the time duration.
I need to develop my strategic ability so that in the future when I take up a managerial position in an organization or when I establish my financial investment firm I will be able to analyze the market trend and make necessary business decisions so that I can take my firm to great heights (Mitterlechner & Tuckermann, 2016, January).
I need to focus on being a people’s person. This is a vital process to succeed in any business environment. It must be noted that an individual needs to take his team along with him while performing a task. So I need to improve my social skills so that my teams and people working around me can establish a positive rapport in the work environment.
I also need to learn to unlearn so that I can take in new and creative ideas. This process is vital for all the employees who have gained a certain period of experience. This quality will help me to adapt myself and my firm to the ever-changing business environment.
I need to adopt various managerial techniques so that I can identify barriers and necessary remedial actions so that my business firm or the working organization doesn’t suffer. I must also need to use my academic knowledge and use it in relevant areas of operations of the concern.
The course and its content have helped me a lot since I was able to explore myself and understand my caliber and passion in a better manner.
It has made me more focused since now I am comfortable discussing my short-term, medium-term, and long-term plans. The fact that I am so passionate about my future career path excited me a lot. I never knew that I could be so enthusiastic to think of establishing my business firm. I have learned several features that are necessary to be an effective leader. A few key features of an effective leader are to lead from the front and not to be authoritative.
I believe if I continue with this approach finish my studies and join a firm that will enable me to use my academic knowledge to the maximum of my ability, I will be confident enough to start my firm in the future. I will be able to overcome the barriers. I have realized that this is what I always wanted to be and the course has taken me in the right professional direction.
Adams, P., Malerba, F., & Mani, S. (2017). 9. Conclusions: the rise to market leadership–a dynamic interplay between firms and innovation systems. The Rise to Market Leadership: New Leading Firms from Emerging Countries, 204.
Adeogun, M. (2013). Dynamic Library Leadership for Sub-Saharan Africa: Investing in What Works. African Research & Documentation, (121), 55.
Alamsyah, F., & Yerki, T. B. (2015). Does an innovation culture improve company performance? links to dynamic capabilities and leadership capabilities. Advanced Science Letters, 21(6), 1676-1680.
Allison, S. T., & Goethals, G. R. (2014). Now he belongs to the ages”: The heroic leadership dynamic and deep narratives of greatness. Conceptions of leadership: Enduring ideas and emerging insights, 167-183.
Basuki, Y. T., Arief, M., & Propheto, A. (2015). The Role of Leadership, Dynamic Capabilities, and Organization Culture, in Company Performance of Manufacturing Industries in Indonesia (Study in Food and Beverages Industries). Advanced Science Letters, 21(5), 1141-1145.
Endrijaitis, R., & Alonderis, A. (2015). TOWARDS SUSTAINABLE SECURITY: COMPLEX DYNAMIC SYSTEMS AND LEADERSHIP. Journal of Security & Sustainability Issues, 4(3).
Gavino Jr, J. C., & Portugal, E. J. (2015). An Integrated and Dynamic Leadership Framework: A Perceptual Map of the Interaction Among the Leader, Followers, Outcomes, and Context.
Jing, D. U. (2013). Dynamic Effect of Multilevel Leadership on Employee Responses to Organizational Change: Moderating Role of Chinese Traditional Culture. Advances in Psychological Science, 21(9), 1531-1541.
MALIK, S., MALIK, A., KHAN, S., SHABKHEZ, J., SALAR, M., & LATIF, W. (2014). EMOTIONAL DEVELOPMENT: THE INVISIBLE LADDER TO DYNAMIC LEADERSHIP. Biomedical, 30(4), 273.
Mitterlechner, M., & Tuckermann, H. H. (2016, January). Network Leadership and the Dynamic Effects of Dominant and Coequal Structuration Patterns. In Academy of Management Proceedings (Vol. 2016, No. 1, p. 12543). Academy of Management.
Russell, M. B. (2014). From Locally Good to Globally Great: The Role of Dynamic Leadership in Global Team Building.
Shaikh, U. A., & Mukhtar, U. (2014). Intelligence-led dynamic knowledge-based behavioral leadership model for dynamic fractal organization. South Asian Journal of Management Sciences (SAJMS), Iqra University, 8(1), 9-35.
SULSELBAR, B. O. (2015). ANALYSIS OF KNOWLEDGE MANAGEMENT AND STRATEGIC LEADERSHIP DIMENSIONS ON DYNAMIC CAPABILITY FOR SUCCESSFUL STRATEGY IMPLEMENTATION IN REGION. International Journal, 5(6), 2307-227X.
Thomas, C. H., Hebdon, A. S., Novicevic, M. M., & Hayek, M. J. (2015). Fluid leadership in dynamic contexts: A qualitative comparative analysis of the biblical account of Nehemiah. Journal of Management History, 21(1), 98-113.
Vanharanta, H., & Markopoulos, E. (2013). Creating a dynamic democratic company culture for leadership, innovation, and competitiveness. In 3rd Hellenic-Russian Forum. September (Vol. 17).Order Now