Career Effort Portfolios
Career Strategies (hereinafter, the Lectio) is the second lesson part of the Career Essentials lesson that introduces its participants to careers and related topics.
This lesson belongs to the Introduction to Careers session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.
Contents
Content
The predecessor lectio is Career Levels.
Key terms
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Script
- A career strategy is a high-level plan to achieve one or more career goals under conditions of uncertainty. Every strategy depends on what one's career goals are.
- No unified strategy exists; however, the diversification principle can be applied universally.
- Every human being needs butter and bread; often, it is hard to find both at the same place. Undertaking different career endeavors sounds like better than putting all the eggs into the same basket.
- The BCG matrix is a tool that c-level executives use to formulate the strategy as a combination of various endeavors. 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 teacher, who loves teaching and likes her pay, but would like to have 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.
Career Tactics is the successor lectio.
