MT460 Management Policy and Strategy Unit 4 Journal

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Purdue Global University *

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460

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Management

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Feb 20, 2024

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docx

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Uploaded by kmahler1980

Topic: Strategically Analyzing Your Career To become a strategist, it is necessary to obtain a blend of knowledge, abilities, skills, and behaviors. What knowledge does one need to acquire to become a Strategist?  To become a strategist, a person should possess a thorough comprehension of business and management principles, along with a keen awareness of market trends and consumer behavior. It is important for individuals to have a strong understanding of data analysis and financial modeling. Lastly, they should have knowledge about the company's strengths, weaknesses, opportunities, and challenges. What skills does one need to develop to become a Strategist?  A skilled strategists needs to have a diverse set of technical and soft skills. Technical skills involve the ability to think critically, solve problems, and analyze information. Soft skills encompass effective communication, collaboration, and strong leadership abilities. What abilities does one need to become a Strategist?  A strategist must possess the ability to engage in strategic thinking and formulate sustainable plans. They should possess the ability to predict forthcoming trends and design methods to exploit them. Additionally, they should possess the capacity to adjust to evolving situations and alter their plans as needed. They must possess the ability to anticipate, to challenge, interpret, make decisions, align, and acquire knowledge. What behaviors must one develop to become a Strategist?  An effective strategist should possess the qualities of being aggressive, inquisitive, and receptive to new ideas. Individuals should have a willingness to question established beliefs and actively pursue fresh ideas. In addition, it is crucial for individuals to possess

the ability to effectively collaborate with cross-functional teams and establish solid relationships with stakeholders. Based on your career history and experience, elaborate on what knowledge, skills, abilities, and behaviors of a Strategist you already possess. Currently, I am a Senior Production Supervisor with the company that I have worked at for over 16 years. One of my roles as a Senior Production Supervisor is to mentor the production coordinators. Below are some of the competencies and attributes of a Strategist that I already possess:  Knowledge : I possess extensive knowledge of the technology field and a comprehensive awareness of the competitive environment within it. I possess knowledge of current market trends and emerging technology.  Skills: I am very good at analyzing things and thinking critically. I can look at large amounts of data, find trends, and draw conclusions. I can also successfully share my findings with those who need to know about them.  Abilities: I can plan and think carefully about the future. I can see what trends will happen in the future and come up with ways to take advantage of them. In addition, I can change my plans when I need to in response to new information.  Behaviors: I exhibit a proactive approach, a strong sense of curiosity, and a receptive and open-minded attitude. I am eager to question assumptions and dig into fresh ideas. I possess the ability to effectively collaborate with cross-functional teams and establish solid connections with stakeholders. Explain what knowledge, skills, abilities, and behaviors of a Strategist you must develop over time.

To excel as a strategist, it may be necessary for you to continuously acquire additional knowledge, skills, abilities, and behaviors over time. Here are some examples of knowledge, skills, abilities, and behaviors that a Strategist must develop and improve over time:  Knowledge: As a strategist, they need to know about the newest tools and trends in the industry they work in. They should also know that the company's goals and needs change over time.  Skills: A strategist needs to work on their managing and leadership skills. They need to be able to get their team excited about reaching their goals. They should also be able to make choices based on data and manage resources well.  Abilities : A strategist must possess the ability to generate fresh concepts and think outside the box. They should be able to spot new chances and come up with plans to take advantage of them. They should also know how to handle risk well and make smart choices.  Behaviors : A planner needs to work on their social and emotional intelligence. They need to be able to speak clearly with people from different backgrounds and build strong relationships with stakeholders. They should also know how to deal with disagreements and negotiate well. References 6 Skills You Need to Become A Strategic Leader . (n.d.). thestrategyinstitute.org. https://www.thestrategyinstitute.org/insights/6- skills-you-need-to-become-a-strategic-leader

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Just a moment.. . (n.d.). Job Search: Millions of US Jobs (HIRING NOW) Near You - 2023. https://www.ziprecruiter.com/career/Strategist/What-Is-How-to- Become Strategic leadership: The essential skills . (2013, January 1). Harvard Business Review. https://hbr.org/2013/01/strategic-leadership-the-esssential- skills

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