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2 years ago

Create a development plan for a business management student

Business

2 answers:

soldier1979 [14.2K]2 years ago

8 0

What is a Professional Development Plan?

A Professional Development Plan (PDP), also known as an Employee Development Plan or an Individual Development Plan, is used to document career goals and set out a strategy on how to meet them.

Creating a PDP takes time and planning. But, writing and implementing a PDP can help you to identify and develop the professional skills needed to reach your goals, and can keep you on the track to success. It’s an important process that helps you achieve your potential, reach your goals and take charge of your professional development.

Now is the time to start thinking about where you want your future to take you.

How to Write a Professional Development Plan

There are 9 steps to completing a PDP:

Assess where you are now.

Identify your specific career goals.

Gather information.

Identify what professional skills you already have and which you need to work on.

Choose how you will accomplish your goals.

Develop a timeline for accomplishing your specific targets and goals.

Write it all down.

Evaluate your plan.

Measure your progress.

nikdorinn [45]2 years ago

3 0

Answer:

1)Set your destination. ...

2)Focus your approach. ...

3)Define your marketing channels. ...

4)Choose KPIs and create dashboards to keep you on track. ...

5)Define your sales process to align with your customer's needs. ...

6)Determine resource needs. ...

7)Share your business development plan with stakeholders.

You might be interested in

Romano Corporation has three operating divisions and requires a 12% return on all investments. Selected information is presented

REY [17]

Answer:

DIVISION X

Revenues = $1006000

Operating income = $105600

Operating assets = $419800

Margin = (Income*100/Revenue) = $105600*100/$1006000 = 10.50%

Turnover = (Turnover/Assets) = $1006000/$419800 = 2.4 times

ROI = (income*100/assets) = 105600*100/419800 = 25.15%

Residual Income = (105600-419800*12%) = $55224

DIVISION Y

Revenues = $298200*1 = $298200

Operating income = $298200*14% = $41748

Operating assets = $298200

Margin = 14%

Turnover = 1 times

ROI = (income*100/assets) = $41748*100/$298200 = 14%

Residual Income = (41748-298200*12%) = $5964

DIVISION Z

Revenues = $635083.33 * 3 = $1905250

Operating income = $104900

Operating assets = (104900-28690)*100/12 = $635083.33

Margin = (Income*100/Revenue) = $104900*100/$1905250 = 5.51%

Turnover = 3 times

ROI = (income*100/assets = 5.51% * 3 = 16.53%

Residual Income = $28690

3 0

3 years ago

Your portfolio has a beta of 1.75. The portfolio consists of 17 percent U.S. Treasury bills, 31 percent Stock A, and 52 percent

earnstyle [38]

Answer: 2.77

Explanation:

Portfolio Beta is the Weighted Average Beta of all the individual stocks in a portfolio.

Seeing as the other betas and proportions are given, we can plug this into a formula to find out the beta of stock B.

In case you do not see a beta for the U.S. Treasury bills that's fine because beta is a measure of risk and U.S. Treasury bills have NONE so that means that their better is 0.

And if you are wondering what the beta of stock A is, the answer is 1 because that is the beta of the overall market by definition.

Creating a formula therefore we have,

1.75 = 0.17(0) + 0.31(1) + 0.52x

0.52x = 1.75 - 0.31

0.52x = 1.44

x = 2.76923076923

x = 2.77 (2dp)

2.77 is the beta of Stock B.

5 0

3 years ago

Read 2 more answers

General Staff immediately come together and begin developing strategies. General Staff Chiefs are: Evaluating staffing and super

Lina20 [59]

Select all that apply.

Common Terminology

Management by Objectives

Incident Action Planning

Manageable Span of Control

Unified Command

Accountability

Answer:

Management by Objectives

Incident Action Planning

Manageable Span of Control

Explanation:

Considering the information given in the question, the NIMS Management Characteristics I am supporting are:

1. Management by Objectives

This is because, by Management by Objectives, the General Staff are making strategies according to the previous objectives.

2. Incident Action Planning

This is because, by Incident Action Planning, the General Staff are revising planning documents that will comprise staffing and resource necessities.

3. Manageable Span of Control

This is because, by Manageable Span of Control, General staff chiefs are assessing staffing requirements in the Incident Command Post. This is to make sure each supervisor only has personnel that can be managed.

7 0

3 years ago

True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at

Serhud [2]

Answer:

True

Explanation:

To illustrate how the sum-of-the-digits method allocates interest we can use a lease example:

You are the lessor and you will lease a machine during 4 years. The lease requires 4 equal payments of $100,000 at the beginning of the year. After the lease, the asset's salvage value = $0.

The asset's current value = $300,000, so total interests received = $100,000

Using the sum-of-the-digits method, you will allocate interest as follows:

year 1 = 3/6 x $100,000 = $50,000
year 2 = 2/6 x $100,000 = $33,333
year 3 = 1/6 x $100,000 = $17,000

The largest portion of interests is allocated during the beginning of the loan.

5 0

3 years ago

Maryam phoned her auto insurance agent to renew her policy. The agent told her about new types of insurance now available-to cov

nadya68 [22]

Answer:

The correct answer would be, Product Development Growth Strategy.

Explanation:

In Product Development Growth Strategy, the company emphasizes in the promotion of the new or existing product in new or existing market. In this strategy, the existing products or services are modified just a way that they look new and exciting for the existing or the new clients. When there seems little to no opportunity for new growth in a company's current market, this product development growth strategy is used.

So the auto insurance agent is also using this strategy with his existing customer, Maryam, who called him to renew her policy. He tells her about some new exciting features that has been included in their services. So he basically is promoting or pursuing a product development growth strategy.

3 0

3 years ago

Create a development plan for a business management student​

Create a development plan for a business management student