BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans

Student Name

Capella University

BUS-FPX4993 Business Capstone Project

Prof. Name

Date

Long-Term and Short-Term Plans

Planning plays a pivotal role in organizational success, encompassing both short-term and long-term perspectives (Rossouw, 2022). Similarly, personal advancement relies heavily on effective planning to realize career objectives (Greco & Kraimer, 2020).

Long-Term Goal

Over the next five years, my objective is to ascend to a managerial position within my current organization, where I will be responsible for overseeing client accounts and nurturing customer relationships (Rossouw, 2022). Additionally, I aim to establish a property rental business in the Philippines to diversify my investment portfolio and secure passive income streams (Greco & Kraimer, 2020). Achieving these goals necessitates the completion of relevant academic degrees and training programs to equip myself with the requisite skills for managerial roles (Greco & Kraimer, 2020).

Short-Term Goals

Short-term objectives involve enrolling in a master’s degree program in business to augment my managerial capabilities (Jackson & Tomlinson, 2020). Furthermore, I intend to engage in development programs offered by my organization to expand my skillset (Richardson & McKenna, 2020). Financially, I aim to settle existing debts and enhance savings through strategic investments (Greco & Kraimer, 2020).

Conclusion

Effective short-term planning is imperative for realizing long-term aspirations, requiring a comprehensive understanding of potential hurdles and proactive strategies for mitigation (Rossouw, 2022). By implementing structured plans and adapting to unforeseen challenges, individuals can progress toward both professional and personal objectives.

References

Greco, L. M., & Kraimer, M. L. (2020). Goal-setting in the career management process: An identity theory perspective. Journal of Applied Psychology, 105(1), 40–57. https://doi.org/10.1037/apl0000424

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans

Jackson, D., & Tomlinson, M. (2020). Investigating the relationship between career planning, proactivity, and employability perceptions among higher education students in uncertain labour market conditions. Higher Education, 80(3), 435-455. https://link.springer.com/article/10.1007/s10734-019-00490-5

Richardson, J., & McKenna, S. (2020). An exploration of career sustainability in and after professional sport. Journal of Vocational Behavior, 117, 103314. https://doi.org/10.1016/j.jvb.2019.06.002

Rossouw, J. (2022). Sustainable development of a researcher’s career trajectory. Perspectives in Education, 40(3), 78-94. https://doi.org/10.18820/2519593X/pie.v40.i3.6

BUS FPX 4993 Assessment 4 Long-Term and Short-Term Plans