Self-Evaluation Learning and Action Plan Essay Example | Topics and Well Written Essays - 1250 words

Self-Evaluation Learning and Action Plan - Essay Example According to my last assessment action plan, I reside in Australia where I am an undergraduate student. I always dreamt of being a successful entrepreneur and helping the poor and needy by contributing towards their betterment. However, becoming successful in Australia for a novice like me was difficult, so after much research I found Indonesia to be the most suitable market for developing my business. With this aim in mind I had set a timeline of 10 years and developed an action plan for myself. I also chose the business of manufacturing and selling water bottles after conducting a research with an experienced businessman in Indonesia. My action plan starts from my market research in the market of Indonesia. Studying the market in Indonesia requires 6 months. In this time period I will be analyzing the external business environment of the country. The next step in the action plan that would be studied is the bottle industry of Indonesia. This would also take a time period of six mon ths. It would help in assessing the bottle makers in Indonesia and also help me to understand their strategies. Then a consumer analysis would be done, which would take another 2 months. This is to understand the preferences of the buyers. So almost a year is necessary for market research, which would include the above functions (Schreuder, 2006, p. 301). After a year of analysis, a plan has to be developed regarding the infrastructure for development of manufacturing plant, land or property requirement for the manufacturing plant. Another 22 months were assigned for this task, which is another 2 years. The recruitment process for the manufacturing plant and the office would take another 6 months. After recruitment of relevant staff, the business can be started. The basic functions of business can be conducted, such as manufacturing, marketing, selling and other related functions. After I establish the business and settle all the functions smoothly, opportunities for diversification can be searched. If suitable options are found, then further expansion or diversification would be conducted utilizing the available resources in the next 2–3 years. This is my action plans for future, which I developed in assessment 1. This is what I have set to achieve, but I haven’t achieved it yet because I am still an undergraduate student, as mentioned above. This does not mean that nothing has been achieved towards my way to success. The studies which I am doing in Australia would definitely be the initial step towards my climb to become a successful businessman in Indonesia. From the action plan developed by me in the last assessment, I realized certain significant facts that would help me to lead my way towards my developed action plan. It is easy to create frameworks and plans, but in order to develop and follow long-term visions, one has to realize what they want to be, who they want to be and how they want to be. The interval between now and the time of im plementing the action plan is the best time for developing entrepreneurial skills in me. The road for development of a successful business starts with gaining good knowledge about the industry, developing certain basic skills such as managerial qualities – leadership qualities which can be cultivated by taking part in events in the institute. Further, if I also go for completing my masters, then it would be an added advantage for me. Not only will I be able to understand the