Slide deck on personal development part 5

1. Malta Business School
Bachelor in Business and Management
1
Bachelor in Business and Management

2. Malta Business School
Bachelor in Business and Management
Personal
Development 1
Unit M1.6

3. Malta Business School
Bachelor in Business and Management
Development Opportunities to Meet
Current & Future Needs
Your Learning outcome:
2.3 Explore development opportunities that can
support meeting own current and future defined needs
3

4. Malta Business School
Bachelor in Business and Management
Agenda:
▪ Conducting and applying a PEST analysis
▪ Identifying development opportunities
4

5. Malta Business School
Bachelor in Business and Management
PEST Analysis:
5

6. Malta Business School
Bachelor in Business and Management
PEST Analysis:
6

7. Malta Business School
Bachelor in Business and Management
PEST Analysis- Activity:
1. Using the PEST model, determine the current Political,
Economic, Social and Technological climate within your industry/
sector/ organisation.
2. What are future projected trends, developments,
challenges in these areas?
3. What development opportunities may support you in
meeting current and future needs?
7

8. Malta Business School
Bachelor in Business and Management
Identifying Development Opportunities:
8

9. Malta Business School
Bachelor in Business and Management
Practicalities:
Prior to deciding which development opportunities to embark
on, it is important to consider the following factors:
1.Cost
2.Time available/ timescales
3.Urgency of the development need
4.Availability and extent of available funding
9

10. Malta Business School
Bachelor in Business and Management
Preferences & Solutions:
▪ Learners must examine how they learn best. This will help to
determine the best-suited approaches in accordance to their
needs.
▪ When considering whether to enroll within a course, it would
be advisable to evaluate the course content and learning
outcomes, and review them against one’s development
needs.
10

11. Malta Business School
Bachelor in Business and Management
Preferences & Solutions:
▪ It is important to consider all learning options.
▪ The best suited approach to meet established personal and
professional development needs, may not necessarily be a
course or formal training programme.
11

12. Malta Business School
Bachelor in Business and Management
Developing the Right Mindset- Goal Setting:
1.Where would you like to be a year from now?
2.Where would you like to be three years from now?
3.What business (or organisation, industry, role etc.) would you
like to form part of at a specified date?
4.What skills must you acquire in order to achieve these goals?
12

13. Malta Business School
Bachelor in Business and Management
Developing the Right Mindset- Goal Setting:
5.What are your personal and family goals?
6.Where would you like to be 20 years from now?
7.What are your most urgent goals over the next year?
8.What are your three main challenges at the moment?
13

14. Malta Business School
Bachelor in Business and Management
Begin with Your Own Organisation:
▪ Organisations play an important role in the empowerment
and development of employees.
▪ Self-development is particularly important towards ensuring
continuous learning, e.g. continuous feedback, coaching,
resources for development.
14

15. Malta Business School
Bachelor in Business and Management
Begin with Your Own Organisation:
▪ Being a model employee
▪ Solving, rather than just identifying problems
▪ Maintaining a positive attitude
▪ Maintain an image of trustworthiness
▪ Ask for advice through the appropriate channels
▪ Projecting confidence
▪ Developing skills and knowledge
▪ Keeping informed about new changes/ vacancies within the
organisation
15

16. Malta Business School
Bachelor in Business and Management
Seeking Opportunities:
▪ Examine professional areas which are particularly challenging,
or which require improvement.
▪ E.g., reviewing past performance or obtaining feedback from
management, colleagues or HR professionals.
▪ Learning strategies to improve these skills may involve-
mentoring, research, job-shadowing etc.
16

17. Malta Business School
Bachelor in Business and Management
Seeking Opportunities- CPD:
▪ Reading professional journals, books, research papers,
articles.
▪ Coaching, mentoring, training courses, academic study,
conferences and webinars
▪ Voluntary work
▪ Research activities, blogging and publishing articles
▪ Training others/ giving presentations
17

18. Malta Business School
Bachelor in Business and Management
Seeking Opportunities- CPD:
▪ Spending time with other departments, customers, suppliers,
trade bodies or stakeholders.
▪ Joining committees, professional associations, campaign
groups and participating in industry forums.
▪ Apprenticeships, internships, work shadowing and
secondments.
▪ Applying for industry awards or scholarships.
18

19. Malta Business School
Bachelor in Business and Management
Volunteering:
▪ Voluntary work can be highly rewarding, and can support in
widening one’s network and identifying potential career
opportunities.
▪ In addition, it can be a great way to enhance skills,
knowledge and competences in a particular industry or line
of work.
19

20. Malta Business School
Bachelor in Business and Management
Important Factors:
When considering appropriate development activities, it is
important to consider how these will fit in with one’s present
routine, responsibilities and commitments:
▪ Fit with current lifestyle
▪ Salary/compensation
▪ Job security
▪ Fit with overall career and life goals
▪ Future training/development available
▪ Whether the opportunity is actually interesting and exciting
to the individual
20

21. Malta Business School
Bachelor in Business and Management
Narrowing Choices:
Before finalising on the required learning opportunity, one must
consider:
▪ Daily involvement and commitment
▪ The rewards associated with it
▪ The knowledge, skills, aptitudes, and experience needed to
take full advantage of it
▪ Likelihood that the learner will find it to be satisfying
▪ What career path the opportunity leads to
▪ Ease of access to the learning opportunity
▪ Potential associated risks
21

22. Malta Business School
Bachelor in Business and Management
Preparation & Action:
▪ Once a learner has identified an opportunity to aim for, s/he
needs to prepare, and then take action!
▪ An effective way to do this is to incorporate the opportunity
into one’s personal goals.
▪ Following this, the action plan can be included within the
personal development plan.
22

23. Malta Business School
Bachelor in Business and Management
tutor@mbs.edu.mt