Career Effort Portfolios

Career Effort Portfolios (hereinafter, the Lectio) is the second lesson part of the Career Essentials lesson that introduces its participants to careers and related topics.

WorldOpp Pipeline

This lesson belongs to the Introduction to Careers session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.

Content

The predecessor lectio is Career Changes.

BCG matrix

Script

Every human being needs butter and bread; often, it is hard to find both at the same place. Undertaking different career endeavors sounds like a smarter principle than putting all the eggs into the same basket at today's workspace.

A career effort portfolio is a combination of career endeavors, each of which shall have its separate plan of actions.

The BCG matrix is a tool that c-level executives use to formulate their portfolios in the corporate world. With regard to career administration, this matrix may help in resource allocation decisions on the basis of the worker's competitiveness and goal attaining potential of various career endeavors. Strong business refers to high competitiveness and vice versa.

The BCG matrix positions all the endeavors in one of four quadrants. The matrix creators called weak-business low-potentials dogs; they should be allowed going out. Strong-business low-potentials are cash cows; they should be kept. Weak-business high-potentials are question marks; they might be considered being moved to stars if stars are needed. Strong-business high-potentials are stars; they should be nourished.

How does the matrix work? Let's imagine a public school teacher, who loves teaching, but looks for more professional flexibility. She says that she has her bread, but also needs some butter.

Under these circumstances, the current job would fit the cash cow. If this teacher launches her own teaching business, that endeavor may fit a question mark. Even if that business doesn't succeed financially, she would still enjoy doing whatever she wants to do. If the own business is not the best option, this teacher can also try to find appropriate volunteering or a part-time job that would allow more flexibility. At any rate, she would need to revisit her portfolio periodically to adjust it.

Key terms

Career effort portfolio

Closing

Is the concept of career effort portfolio explained well? --Yes/No/I'm not sure/Let me think/Let's move on

Career Strategies is the successor lectio.