What do we need to know about individual and company growth?

Presented By:

Group 3:Fran Collantes

Leeyhan Frank DizonBrian Garcia

Marose MonederoMartin Dominic Reyes

Macky VillagarciaMeghann Zaragoza

September 21, 2010

1. Career Development Concepts     a. Introduction     b. General career development strategies    c. Steps in development planning process    d. Management developmentApplication to chosen company      a. Current career development strategies    b. Company's development planning process    c. Issues/challenges related to career development

2. Management Development a. Defining Management Development b. Management Education c. Management Strategies d. Management Training and Experiences

PRESENTATION OVERVIEW

Career planning is the process by which one selects career goals and the path to achieve those goals.

CAREER PLANNING vs CAREER DEVELOPMENT:

What’s the difference?

Career development consists of the personal actions one undertakes to achieve a career plan. The actions for career development may be initiated by the individual himself or by the organization.

Career development is the process of managing life, learning and work over the lifespan.

Attract and retain talent

Use human resources properly and achieve greater productivity

Reduce employee turnover

Improve employee morale and motivation

Meet the current and future human resource needs of the organization

Help individuals cope with continued changes in the world of work.

Develop a realistic understanding of themselves in regard to decision making and career alternatives.

Provide information about the world of work that will assist individuals in making long-range educational and career plans.

CAREER DEVELOPMENT PLANNING:What are its objectives?

Our Chosen Company:

• Situated in the heart of the country’s premiere financial district

• Offers reliable access to city splendors, historic sites, meeting and convention centers

• With 538 newly-renovated luxury hotel rooms and suites – individually equipped with state-of-the-art

facilities – designed to create an experience of timeless and

uniquely Thai traditions

Career Development Planning Process of Dusit Thani Hotel

Self-Assessment

Career Development

Plan

Goal Setting

Implement your plan

Use of information by employees to determine their career interests, values, aptitudes and behavioral tendencies

The nuts and bolts of planning your career development process. Set goals and timelines based on your career objective.

Process of employees developing short and long term career objectives (desired positions, work setting, etc)

Employees determine how they will achieve their short and long term career goals

Career Skill Assessment

This sounds similar to the self-assessment, but rather than focusing on your personality and interests, career skill assessments focus on your core job strengths and weaknesses

Get the most out of your

decision

To get the most out of your new career, planning strategies and learning skills will help you get to the next level

It’s game time!!!

Give the title of the movie!

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What movie is it? • The film is about an agent with a major sports management firm. He's enthusiastic,

successful, a great negotiator and people like him. But it begins to dawn on him that there's something wrong with what he's doing, and not long after a troubling encounter with the son of an injured athlete he represents, he has a serious crisis of conscience.

• In the midst of a sleepless night, he writes a memo calling on himself and his colleagues to think more about the long-term welfare of the clients they represent and less about immediate profits. While everyone around him applauds the sentiment, his superiors think his ideas are bad for business; he is fired, and, rather than standing in solidarity with him, his "friends" in the firm scramble like sharks to claim his clients.

• At the end of his last day, the only people willing to join Jerry as he strikes out on his own are staff accountant Dorothy a single mother secretly in love with him, and Rod Tidwell, a football player whose pride and arrogance have gotten in the way of his reaching his potential

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Jerry Maguire “Show me the money!!!!”

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• It isn't a perfect storyline, but it is believable and emotionally intense, the kind of thing that makes us examine our own cynicism and question our lack of faith in ourselves especially our career.

What movie is it? • “She's absolutely wretched" whines Andy about her new boss. After

barely four weeks of work, her sharp insensitivity and seemingly impossible expectations render Andrea (Andy) anxiously ready to relinquish the position that "a million girls would kill for".

• Straight out of the prestigious Northwestern University, Andy enters New York City eager to pursue her journalism career. The only problem? Before stepping foot in the office, Andy's outstanding resume couldn't score her a single offer.

• The first assistant Emily advises Andrea about the behavior and preferences of their cruel boss, and the stylist Nigel helps Andrea to dress more adequately for the environment. Andrea changes her attitude and behavior, affecting her private life and the relationship with her boyfriend Nate, her family and friends. In the end, Andrea learns that life is made of choices

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The Devil wears Prada

• Andy has an epiphany. If she’s going to succeed in the fashion industry then she has to commit to change. She does so and the benefits are obvious. She clearly appreciates the change as well, and is happier and more motivated.

• Andy’s friends see the change as a betrayal of her principles, and in the end the script concludes likewise. Change isn’t a betrayal though. Flexibility is vital to succeed professionally, changing to suit circumstance, learn new skills and address problems.

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What stops them from going?

• Openness of both employee and manager to the development.

• Short term vision of an employee’s development. • Attrition, the time dedicated to employee

development. • There is a lack of awareness of workforce

development issues in many areas, including the private sector.

• Sometimes, Human resource practices are outdated within some sectors.

• Develop a long-term comprehensive strategy and plan with required resources and supports.

• Career development must shift focus from top down to a cooperative effort of communities/ government/education institutions/industry as equal partners.

• Develop essential work skills, across occupations and fields, transferable skills and life/work management skills.

• Use of IDP - Individual Development plan

Focus! Strategize!

Sample Career Development Form

“An organization’s conscious effort to

provide its managers (and potential

managers) with opportunities to learn,

grow, and change, in hopes of producing

over the long term a cadre of managers

with the skills necessary to function

effectively in that organization.”

MANAGEMENT DEVELOPMENT:Definition

MANAGEMENT DEVELOPMENT:It’s the way to go!

• Process from which managers learn and improve their skills

• Effectiveness of management is one determinant of organizational success

– Management development can have a direct economic benefit to the organization

• May include structured informal learning and formal training processes

Why is developing managers different?

• Managers at all levels, and not just those at the top, have a common set of skills associated with their management and leadership role, and these need to be developed.

• Managers at board level or just below can be sensitive to their senior status, and may reject the idea that they need to learn but the neutrality of the term 'development' usually appeals.

As a manager, what do I need to improve?

• skills of managing others• knowledge of management techniques and the development of the strategy.• interpersonal skills such as negotiating, influencing

It’s game time!!!

Give the title of the movie!

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Who am I? • I may be rolling in a lot of dough

today, but before I published one of the best-selling book series and movie franchise of all-time I was nearly penniless, severely depressed, divorced, trying to raise a child on her own while attending school and writing a novel. I went from depending on welfare to survive to being one of the richest women in the world in a span of only five years through her hard work and determination and of course, with the help of that wiz kid. Who am I?

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Who am I?• Most people wouldn’t believe

that a man often lauded as the best basketball player of all time was actually cut from his high school basketball team. Luckily, Jordan didn’t let this setback stop him from playing the game and he has stated, “I have missed more than 9,000 shots in my career. I have lost almost 300 games. On 26 occasions I have been entrusted to take the game winning shot, and I missed. I have failed over and over and over again in my life. And that is why I succeed.”

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I failed at my first attempt to success!!

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J.K. Rowling

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Michael Jordan

MANAGEMENT DEVELOPMENT:Strategies

•Management education

•Management training

•On-the-job experiences

MANAGEMENT DEVELOPMENT STRATEGIES:Management Education

• Bachelor’s and master’s programs at colleges and universities

• Executive education– Condensed MBA programs

– Short courses by:• Colleges and universities

• Consulting firms

• Private institutions

• Professional and industry associations

• Although very popular, there are many challenges facing management education at present – Ensuring timeliness

• “Just-in-time management education”

– Ensuring value-added• Linking classroom with on-the-job experiences

• Connecting education to real-life issues

– Intense competition among providers

MANAGEMENT DEVELOPMENT STRATEGIES:Management Education

• Company-designed courses

• Company academies, “colleges,” and corporate universities

• On-the-job experiences– Center for Creative Leadership research

– Action learning – a “living case” approach

MANAGEMENT DEVELOPMENT STRATEGIES:Management Training & Experiences

Behavior Modeling Training

• Typically includes five steps:

– Modeling

– Retention

– Rehearsal

– Feedback

– Transfer of training

• Demonstrated effectiveness for changing learning, behavior, and results

MANAGEMENT DEVELOPMENT STRATEGIES:On-the-job-Training

MANAGEMENT DEVELOPMENT STRATEGIES:On-the-job-Training

Leadership Training

Leaders developing leaders– Involvement of CEOs and other senior

managers in developing leaders within their own organizations. Example: Intel

– Effective leaders create engaging personal stories to communicate their vision for the future (Cohen & Tichy).

What do we need to know about individual and company growth?

Presented By:

Group 3:Fran Collantes

Leeyhan Frank DizonBrian Garcia

Marose MonederoMartin Dominic Reyes

Macky VillagarciaMeghann Zaragoza

September 21, 2010