Personal Development Plan

b. Describe at least two ways in which the local, state, or federal government would have an impact on your business. (2-4 sentences. 1.0 points)

A good personal development plan template includes five steps that guide you to take action. When included, these five steps can make your personal action plan simple, yet effective.

Political: this inturns the legislation and government rules of the country that may influence and pose as a threat to the business,

Legal factor - In a situation where for example a government creates a new law which could limit the demand for your product like the banning of smoking, this can seriously affect the growth of the company.

Social Factors – The changes in social trends can have impact on the demand for the firm’s service and the ability of the commuters and employees to work (Nieman; 1998).

To manage the business, one must have a good experience and relevant qualification. The right qualification one must have is an MBA in order to have the right understanding and knowledge you must require. And experience is one thing that will come after a good investment of time in learning and development (miller, 2011).

As we know that, leadership is nothing. But the influencing flowers. Leadership includes three fundamental clusters of skills creating vision, garnering commitment to that vision, an managing progress toward the realization of that vision. powerful and effective leaders plays very vital role to reach the maximum production for any organization.

In today’s competitive world, leadership skills are crucial for both personal and professional development. Leadership is an important function of management which helps an individual or a business to maximize efficiency and to achieve goals. Leadership has different meanings to various authors.Most commonly, leadership is defined as influence, that is, the art of influencing people so that they will strive willingly and enthusiastically toward the achievement of group goals. (Koontz). Leadership is the process of influencing the activities of either formal or informal group in the task of goal setting and goal achievement. A leader is one whose magnetic personality innervates people for some cause. Not by words, but by their actions is

date. In doing this I will highlight potential areas of development needed and will address these through Personal Development Planning. The rationale for doing this assignment is to enhance my professional development by undertaking an annotated reflective report.

Reflection on my behaviour in the workplace and my learning group I completed the online Keirsey Temperament

Political environment – The processes of national, regional and local governments, as well as various power groups that can affect the rules for doing business. This can include government intervention in particular industries, tax policies at all levels, government expenditures for certain causes, legislation aimed at implementing social policy, and regulation of various industries and trade practices.

I am a pretty well rounded individual although not perfect by any means. Throughout my life, I have always tried my best to be friendly to everyone and optimistic in all situations. I don’t think anyone would ever describe me as a critical or aggressive person. I’ve always been willing to give advice and be encouraging to anyone that I felt needed it. I believe that I am a fairly conscientious person in that I have always been careful and diligent when it comes to work and other life choices. I’ve always been organized and usually don’t act on pure impulse alone. I’ve never been described as traditional or conventional. I’ve always been open to new experiences and relish every opportunity that can make me a more well-rounded person. People would also describe me as a fairly intelligent individual with a vivid imagination. My weaknesses, however, would have to include my ability to develop people and team process. I’ve always been encouraging, but I can improve upon my ability to develop people by providing feedback to individuals on their performances and recognizing individual contributions when I am part of a team.

Political: This deal with the degree of government impact on the economy or in our case industry. These political factors include tax policies, trade restrictions, labour laws that the government may demand and how it may influence the industry.

The technological community is evolving at a rapid pace, generating change within the entire economy and forcing the other domains and sectors to also develop alongside. Within its internal context, the technological field is a highly complex one, not only due to the complexity of the innovations, but also due to the implications they generate, such as ongoing change, the need to integrate the innovations for multiple benefits or the competition intensified by the technology.

Technological - how the rapid pace of change in production processes and product innovation affect a business.