Ashley Hankins My Strategy 1 February 11, 2013
Chapter 1 – How to Position yourself for Career Advantage:
1. If I am about to embark on a new career, the likelihood of industry growth should play a major role in my decision. Industry growth means a company is doing well and profitable. If the industry I choose is not doing well and not growing I or the company cannot make any money. I am currently in banking in form the chart banking will not be making in the next five years. So by looking at the numbers hopefully I will be embarking on a career in the Health Care filed in Human Resource Management.
2. Growth rates can be an important consideration because they tell how well a company is doing. Growth rates can tell you which company to work for and if you are making any money. I cannot see how growth rates would not be an important consideration because they determine the outcomes of the company.
Chapter 2 – How much are Values Worth to you:
1. In choosing my career choice there were certain values that I was looking for in the company that were important to me. I first wanted job security so I can know that I will remain employed with the company. I want to help others and be recognized when I do a good job. I value leadership and want a challenge when it comes to performing difficult tasks. But above all else I value respect and to be treated fairly, and compensation.
2. As for me, I do not want to accept a lesser salary for the line of employment I want. However, I know I am not going to get the figure I have in mind, and it’s all about do this line of work make me happy. I am willing to negotiate the figure and I will be willing to take 10,000 dollars lesser than the current salary.
Chapter 3 – Is my Job the Next one being outsourced:
1. Some aspects I think will resist outsourcing trends in India are liabilities, planning and forecasting, price variance, and proper management. Over in India many income tax returns are being filed and that could cause a lot of liability on those individuals processing them. Although more returns are being filed there, CPA’s still have to plan ahead and determine how they will stay in business. Also make a forecast or prediction on how they will continue to gain more clients. Price variance is an aspect because they are cheaper and other CPA’s may see this as a threat and want something to be done about this. Lastly, proper management is a good accounting aspect because if they have no managers to oversee their practice, who’s to say what they are doing is right.
2. Some industries I think will offer the best U.S. job opportunities in the future are Health Care, The Green Economy and the Internet. Health Care will provide significant opportunities in the future because of demographics, the baby boomers, and the economy. This industry has been estimated to be twenty percent of the U.S. economic activity. The only imposing threat to health care would be government regulations. Now all Americans are required to have health insurance and hospitals must comply with the people who do not have insurance and sometimes lower costs. The Green Economy will have good opportunities because everyone wants to use solar energy and reduce the amount of energy and renewable resources they use. People find that the green economy is healthier and they want to go this route to stay healthy and save money. However, this company is not competitive with old-line coal and oil. So managers have to be careful when considering the opportunities and weaknesses of this economy. Lastly, the Web will provide good job opportunities for the U.S. many people are advertising more on the internet and shopping more. Many companies are finding ways to strengthen customer relationships with the people. More people are using the web for socializing, entertainment and work. This industry will always provide opportunities because people always need and use the internet.
Industries that offer the greatest job opportunities in the global market are the banking industries, and the engineering and software companies. Over in China, many companies are buying technology software from there manufacturers. And being the internet is fast growing industry in the U.S., companies need this software. Also banks in China are hiring and recruiting large numbers of MBA’s. Although this is an industry not growing in the U.S., it is slowly growing in China and Brazil.
3. Yes, these kinds of trends affect my career choice after college. Reason being I need to know which industries do I look into to even consider. I need to know which industries are making money and giving the greatest benefits. Also I need to know who has the highest growth rate and hiring more entry level students for their company.