451449 Professional and Research Studies Part A Professional Development

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451-449Professional and Research StudiesPart A
Professional Development

• Lecture 2
• Strategic planning

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Objective of strategic planning

• Determine the strengths, weaknesses,
  opportunities and threats for an organisation
• Determine a performance scorecard for an
  organisation
• Assist in understanding the political, social,
  environmental, technical and economic dimensions
  of a business
• Assist in determining a vision (or road map) for
  the future
• Assist in determining guiding principles or
  values
• Assist in setting priorities and objectives

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SWOT

• Strengths
• Weaknesses
• Opportunities
• Threats

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Undertake each component of a SWOT in the
context of a PESTE

• Political dimension
• Economic dimension
• Social dimension
• Technical dimension
• Environmental dimension

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Importance of a VISION
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Strategic Plans

• Need to be owned by the whole organisation
• Need to have a Champion to lead implementation
• Need to result in specific actions which are
  funded or resourced
• Need to have Key Performance Indicators (KPIs) in
  order to monitor implementation

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Review

• University of Melbourne Strategic Plan
• Department of Geomatics Strategic Plan

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SWOT analysis in assignment

• A component of the SWOT for both the technical
  and management components
• In the assignment you are not just reporting but
  making value judgments
• Include a SWOT in both the report and presentation

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Tutorial a self assessment

• Understand yourself - likes and dislikes
• Do a SWOT analysis of yourself
• Determine a personal vision
• Outline a five year plan to achieve your career
  goal
• Set goals (specific, measurable, realistic)
• Learn how to manage yourself lifestyle, stress,
  health

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Remember if you dont know where you are going
you will never get there