solution

The purpose of this paper is to practice the first part of the strategy development process – Identifying outcomes, goals, and external threats and opportunities and to learn how to think through the process of exploring what should be addressed to mitigate the threats and or take advantage of opportunities.

Your strategy should include the answers to the following questions

1. What 2 or 3 outcomes do you want to achieve in your life in the next 10 – 15 years that would be impacted by your career or personal development?

2. What are your strategic goals for the next 5 years that will lead toward achieving one or more of these outcomes?

3. What are the external threats to achieving your desired outcomes? Consider relevant external competitive forces, the macro environment, and the microenvironment (i.e. your own personal situation)

4. Describe a couple of scenarios for external threats that might occur and how each scenario might impact your strategic goals.

5. What indicator might you track to see which scenario is happening?

6. What might you do to overcome or mitigate the threats in each scenario or turn the threat into an opportunity?

You should cite research to back up analysis of external threats due to competitive forces and the macro-environment. Use a logical argument to analyze threats due to your micro-environment (e.g. your family, your mobility, or other personal constraints)