Monday, December 9, 2019

Alternative Career Justification and Strategy

Question: Explain about the alternative career justification and strategy. Answer: Introduction In the 21st-century business environment has evolved significantly and with that companies have gone overseas to expand their business. This has opened up new opportunities for candidates and students all over the world. This has also led to the problem of choosing the appropriate career for an individual in the suitable industry. In a lot of instances, it can be seen that a candidate enters a particular industry without much analysis or judgement about the skill or expertise that is required for that job. Later on he or she wishes to choose an alternative career occupation which require proper justification and strategy so that the skill sets acquired in the previous jobs does not go on waste. This article deals in detail with such an alternative career occupation plan justification and strategy (Campion, 2001). Justification: Potential sources of dissatisfaction - Financial services industry is a highly volatile industry which is tertiary in nature. Its success depends on a lot of other industries and the economy as a whole. If the economy is doing well with several industries like automobile, steel, oil gas, metals and mining in a growth phase, then only financial services industry can excel. This dependence on other industries makes it very unstable to make a career in the financial services industry. Moreover with the Global financial crisis of 2007 it has become increasingly difficult to sustain in this sector (Breeden, 2003). Potential sources of satisfaction in alternative occupation - An alternative occupation which might interest a financial advisor is that of a sales manager. The qualification required to enter such a job is similar to financial advisor since both of them requires a degree in business administration. Apart from that sales manager is a job wherein I will have a product to sell which has a value proposition. It does not depend on the performance of other external parameters so much to achieve success in this industry. All these satisfactions can overshadow the problems faced in financial services industry (Sullivan, 2009). Strategy: Potential obstacles - A financial advisor may not have stayed in rural or remote areas in a country where a product based company may operate. This might lead to a significant gap in the culture of the two places which the candidate has to adopt quickly. Moreover, as a sales manager, a candidate has to be innovative and be creative to find new avenues for the sale of his product. However, it is justified to mention here that these are some of the skills which will develop slowly and steadily as and when a candidate starts understanding the pulse of the consumers and perception of the customers towards his product (Jackie Peila-Shuster and Debra Osborn, 2014). Actions to overcome obstacles In order to overcome the cultural gap in the work environment it is better to acclimatize to the new work environment before taking up any high responsibility job. Shadowing an experienced senior in the job can go a long way in understanding the rules of the game. Apart from that having an open mind with a penchant for learning new things will make things easier to adjust in the alternative career occupation. As far as creativity is concerned, it is something which will evolve over time but observing and analysing the creative campaigns in the sales industry might come in handy to develop that bent of mind. References Breeden, S. A., 2003. Job and occupational change as a function of official correspondence and job satisfaction. Journal of vocational behaviour, Volume 43, pp. 30-45. Campion, M. A., 2001. Meaning and measurement of turnover: Comparison of alternative measures and recommendations for research. Journal of Applied Psychology, Volume 76, pp. 199-212. Jackie Peila-Shuster and Debra Osborn, 2014. The Future is Here: Career Development. CAREER PLANNING AND ADULT DEVELOPMENT JOURNAL, 29(4), pp. 98-118. Sullivan, S. E., 2009. The Changing Nature of Careers: A Review and Research Agenda. Journal of Management, 25(3), pp. 457-484.

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