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Megatrends and challenges in retail industry of Australia

My name is Jenny Goldsmith. I did MBA from the University of Queensland in 2014. I completed a challenging internship with Rip Curl Pty Ltd in the retail management where I have learned in a practical and impactful manner. My goal is to become a good manager in a reputed organization. I want to become a successful entrepreneur in upcoming 5 years. For this, initially, I will gain my knowledge about management and retail industry.  For working in my desired organization, I should groom my personality, and leadership and technical skills. I have 3 years of experience in small retail companies where I have built my knowledge regarding technical and leadership skills. In these companies, I have worked in a different position like employees, team leader, and manager. I have developed my decision-making skills, and improved ability to manage conflict deals with demanding workforces. At the same time, I have polished my communication skills as I can utilize my passion for excellent retail management in offering a best possible experience for retail customers.  I have worked in Priceline Pty Ltd where I have managed the project team of 10 staff and I recently implemented a new system to manage the team members.  I have learned to pay attention towards detail information and delivering the project on deadline and also learned to enjoy working with organizational culture. I want to act in a challenging management role within the retail industry and I want to work with an organization in which I believe I could settle down and make a real contribution.

MACRO - ELEMENT

Challenge

Citations

Political

Development of anti-counterfeiting trade agreement

Political issues for cheap labor in Australia

Good international relation for trade

(Heath, 2014).

Economic

Higher exchange rate

the low inflation rate

Low-interest rate

High presence of workforces

One of the leading economies

(Sebastiani, Montagnini, and Dalli, 2013).

Social

Increase in population of workforces

Fashion and innovation trends

Perception of prestigious items

(Schramm-Klein, Morschett, and Swoboda, 2015).

Technology

Presence of social media

Good presence of online marketing services

High pressure of research and development expenditure in Australia

(Ford and Richardson, 2013).

Demographic

Inflexible labor laws but secure

Restricted Consumer protection laws

Low-income distribution

(Valentine, Fleischman, and Godkin, 2015).

Natural

Restricted environmental protection policies

Reserve in natural resources

Different policies for carbon emission products

(Kajalo and Lindblom, 2015).


Mega Trends that impact on your career

From the above table, it can be stated that I can face challenges in retail industry due to different factors such as political issues for cheap labor in Australia and development of anti-counterfeiting trade agreement. But, at the same time, the good international relation for trade provides an opportunity to me to enhance my career (LeBaron, 2014).It is analyzed that low inflation rate, high exchange rate, and low-interest rate creates complexities for me to manage the financial cost. However, high presence of workforces creates an opportunity for me to manage the task within an organization (Cottrell, 2015). It is evaluated that fashion and innovation trends and perception of prestigious items provides an opportunity to me to grow my career by making innovation in the workplace. It is also determined that good presence of online marketing services enables me to increase the customer’s demand towards their brand by endorsing the products through online channels (Baker, Perkins and Comber, 2014). It is also analyzed that restricted consumer protection laws create complexities for me to deliver customer services. It is also identified that restricted environmental protection policies create difficulties for me to manage the resources within an organization as it could adversely affect my career.  

  • I will complete my leadership training course in 6 months.
  • I will increase positive feedback from team members before 3 months to develop further what could be improved in me.
  • I will enhance my presentation skills by taking help from acapable co-worker and engage with team members.
  • I will job search for working in a reputed, entrepreneurial retail company in Australia.
  • I want to be a good entrepreneur in the retail industry in upcoming 5 years.

Goals

Ethics is described as a set of moral principles, particularly ones relating to the group, and forms of conduct.  It could be influenced by a different organization, institute, and profession.  It could be varied according to the profession. Values are principles and standards of behavior. It could be persuaded by culture, family background, community and religions (Strampel, and Lewis, 2016).  It could be varied according to the individual. Professional ethics is defined as the professionally accepted standard of personal and business behavior, values, and guiding principles. I used professional values and ethics. I have conducted moral practices as I have knowledge about what is right or wrong in the marketplace (Utami, Ryadi, Susanto, and Koesworo, 2014).I have used trustful and honest aspects of every job practices. I have created a goal to get positive gains. I have maintained the confidentiality of employees at the workplace.  Along with this, I have offered safety to employees by offering them training.  These professional values are formed from personal influences like friends, family, and peers (Gregory, 2017).My professional values were also formed from education, societal morals, perception, policy, and law. It was also formed from internationalized ethical belief and media.

In the below assessment, skills are assessed by numbering skills from l (low) to 7 (high). A level of 1 indicates little confidence in these skills, while a score of 7 implies a high level of confidence using this skill.

Rank Your Own Skill Level

SKILLS

RANK

1

Analytical skills

1

2

3

4

5

6

7

2

Creative thinking skills

1

2

3

4

5

6

7

3

Critical thinking skills

1

2

3

4

5

6

7

4

Decision making skills

1

2

3

4

5

6

7

5

Interpersonal skills(talking, listening, networking etc)

1

2

3

4

5

6

7

6

Organizing skills

1

2

3

4

5

6

7

7

Planning skills

1

2

3

4

5

6

7

8

Problem Solving skills

1

2

3

4

5

6

7

9

Self-confidence

1

2

3

4

5

6

7

10

Teamwork

1

2

3

4

5

6

7

11

Technology (IT - computers)

1

2

3

4

5

6

7

12

Time Management skills

1

2

3

4

5

6

7

13

Verbal communication skills

1

2

3

4

5

6

7

14

Written communication skills

1

2

3

4

5

6

7

Company name

Job description

Global driven company

Experienced manager, good understanding of financial report, ability to make decision, deliver the best customer service, and ability to lead and coach a large team

Apple Inc.

Ability to deal with the customer service through team development, experience with diplomatically manage multiple commitment to customers, staff and operations, and ability to adapt the challenges while remaining calm in a constantly changing retail environment


From the advertisement, it is analyzed that Global driven company wants an experienced manager who have good understanding of financial report, ability to make decision, deliver the best customer service, and ability to lead and coach a large team. From the skill analysis, these all quality have found to me. From another job vacancy, it is evaluated that Apple Inc. has requirement of people who have the ability to deal with the customer service through team development. It is also required an individual who has experience with diplomatically manage multiple commitment to customers, staff, and operations. Another requirement is the ability to adapt the challenges while remaining calm in a constantly changing retail environment. As per the skills assessment, it could be stated that I have the quality to deal manage the resources and decision-making skills as I can fit with that organization.  

SKILLS

Definition

Citations

1

Technical skill

Technical skills are the understanding and abilities required to attain engineering, mathematical, computer-based and scientific duties and other specific tasks.

(Greenbank, 2014).

2

Communication skill

Communication skill is the capability to communicate effectively with superiors, staff, and colleagues are required, no matter what industry person act in

(Trought, 2017).

3

Decision-making skill

Decision making skill defines that people have the ability to decide which person to hire, which supplier to use and which strategy to pursue and capability of making good decision with existing data is essential

(Ayad, and Rahim, 2016).

4

Administrative skill

Administrative skill is required to succeed in administration like organizing, planning, computing, scheduling, staffing, and computing

(Goworek and McGoldrick, 2015).

5

Leadership skill

Leadership skills are a significant element in positioning top manager to make a thoughtful judgment regarding their mission and goal of an organization. It could be beneficial to appropriately allocate the resources to attain those directions

(Bowie, 2017).


From the above assessment, it is found that I have 5 top skills such as technical, communication, decision-making, administrative and leadership skills because I got maximum score in it. From the analysis, it can be stated that technical skills are the understanding and abilities required to attain engineering, mathematical, computer-based and scientific duties and other specific tasks. For example, I have good knowledge of financial management and report. Communication skill is the capability to communicate effectively with superiors, staff, and colleagues are required, no matter what industry person act in.  For example, I have the ability to provide customer care service by effectively communicate with customers. Decision making skill defines that people have the ability to decide which person to hire, which supplier to use and which strategy to pursue and capability of making a good decision with existing data is essential. For example, I have the ability to make operation decision such as managing inventory decision, hiring, training and developing team member decision.  Administrative skill is required to succeed in the administration like organizing, planning, computing, scheduling, staffing, and computing. For example, I have the ability to make flexible time schedule based on the business needs. Leadership skills are a significant element in positioning top manager to make a thoughtful judgment regarding their mission and goal of an organization. It could be beneficial to appropriately allocate the resources to attain those directions. Valuable leadership skills entail the aptitude to encourage, assign and communicate successfully. For example, I have ability develop team members in all disciplines at the workplace.  I have also the ability to lead and coach to the larger team. These all skills are associated with the desired job as I can get my desired job. I have also assessed that my present skill is also matched with skills needed for the retail manager position. These skills are acquired by me from different sources like previous organization and culture.

Ethics and Professional Values

Following are different skills that I should improve. These skills are indicated as low values in my set of skills. I have three deficiencies in skills. These skills could be improved by different strategies.  These are described as given below table:

Skills

Deficiencies Why

Solution

1

Lack of Critical thinking skill sexists in me because discipline is a real issue in high schools, which serves as a big distraction. Further, It is a challenging skill to teach.

I should think regarding topic and concern in an objective and critical manner. I have also need to assess different arguments in relation to the specific issue. I have also needed to address my weakness and negative points that exist in my argument. I should also use structured reasoning and support for an argument that we desire to make as it would improve the critical thinking skills.

2

Lack of Planning skills exists for me because I dislike constraints of any kind. Along with, I have no plan behind the idea.

I need to make written planning to capture all ideas and ensure none of them get lost. I need to work mentally as well as about seven pieces of data without losing something.  I need to write my thoughts as I would be enabled to consider each aspect of the planning process.

3

Lack of Time management skills exists amid me because I do not believe to make scheduling of plan.

I have needed to make a list and stay focused on priorities for appropriate time management.

Strength

Self-motivated, team management and communication

Weakness

Not very disciplined when it comes to working on my own, time management, still learning digital tool


Strengths and weaknesses are internal factors which could be controlled. Strength shows the positive aspect of a person while weakness shows the unfavorable aspect of a person. Strength is the ability to do things that need a high amount of mental and physical efforts. Together with, weakness is defined as the lack of strength and flow of character and something that cannot refuse to accept (Zoellner, Chant and Lee, 2017). I have different strength like self-motivation, communication, and team management. I have a different weakness like not very disciplined when it comes to working on my own, time management, still learning the digital tool. This strength could aid me to get a job in the reputed organization and enhance my career. In addition, weaknesses hinder me to get top position in my career. It is analyzed that retail industry considers different mega-trends which could be dealt by me due to having different strengths (Cottrell, 2015). For example, I have communication skills which are my strength and it could be effective to make an international relationto trade. Along with this, I am self-motivated which could be effective to motivate the workforces at the workplace and helps to improve the business performance. However, I have lack of time management skills which creates complexities to deal with the economic and social challenges. 

References

Ayad, A., & Rahim, E. (2016). The Inclusive Leader: An Applied Approach to Diversity, Change, and Management. UK: Balboa Press.

Baker, K. L., Perkins, J., & Comber, D. P. (2014). International students and their experiences of Personal Development Planning. Active Learning in Higher Education, 15(2), 129-143.

Bowie, N. E. (2017). Business ethics: A Kantian perspective. USA: Cambridge University Press.

Cottrell, S. (2015). Skills for success: Personal development and employability. UK: Palgrave Macmillan.

Cottrell, S. (2015). Skills for success: Personal development and employability. UK: Palgrave Macmillan.

Ford, R. C., & Richardson, W. D. (2013). Ethical decision making: A review of the empirical literature. In Citation classics from the Journal of Business Ethics (pp. 19-44). Netherlands: Springer.

Goworek, H., & McGoldrick, P. (2015). Retail marketing management: Principles and practice. UK: Pearson Higher Ed.

Greenbank, P. (2014). Competing in the graduate labor market: Student perspectives on (not) participating in extra-curricular activities. Journal of Teaching and Learning for Graduate Employability, 5(1), 63-79.

Gregory, K. (2017). Engagement with professional development plans. Education for Primary Care, 28(2), 126-128.

Heath, J. (2014). Morality, competition, and the firm: The market failures approach to business ethics. USA: Oxford University Press.

https://www.seek.com.au/job/35106481?type=standard&userqueryid=69e29122a7c44c76231adf4c10935728-9602466 (Accessed: 19December 2017).

Kajalo, S., & Lindblom, A. (2015). Market orientation, entrepreneurial orientation and business performance among small retailers. International Journal of Retail & Distribution Management, 43(7), 580-596.

LeBaron, G. (2014). Subcontracting Is Not Illegal, But Is It Unethical? Business Ethics, Forced Labor, and Economic Success. The Brown Journal of World Affairs, 20(2), 237.

Schramm-Klein, H., Morschett, D., & Swoboda, B. (2015). Retailer corporate social responsibility: Shedding light on CSR’s impact on profit of intermediaries in marketing channels. International Journal of Retail & Distribution Management, 43(4/5), 403-431.

Sebastiani, R., Montagnini, F., & Dalli, D. (2013). Ethical consumption and new business models in the food industry. Evidence from the Eataly case. Journal of business ethics, 114(3), 473-488.

Seek (2017). Job search. Retrieved from:

Strampel, K., & Lewis, A. (2016). Personal development planning and ePortfolios in Speech Pathology: Student and staff perceptions. Journal of Teaching and Learning for Graduate Employability, 7(1), 22-41.

Trought, F. (2017). Brilliant employability skills: how to stand out from the crowd in the graduate job market. UK: Pearson.

Utami, C. W., Ryadi, A., Susanto, H., & Koesworo, Y. (2014). The Relevance, Efficiency, and Effectiveness of Business Ethics Empowerment through Supply Chain Development and Merchandising Management in Improving Family Welfare in Traditional Retails in Gresik District, Indonesia. Academic Research International, 5(2), 254.

Valentine, S., Fleischman, G., & Godkin, L. (2015). Rogues in the ranks of selling organizations: Using corporate ethics to manage workplace bullying and job satisfaction. Journal of Personal Selling & Sales Management, 35(2), 143-163.

Zoellner, B. P., Chant, R. H., & Lee, K. (2017). Do We Do Dewey? Using a Dispositional Framework to Examine Reflection Within Internship Professional Development Plans. The Teacher Educator, 52(3), 203-221.

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My Assignment Help. (2022). Self-Introduction, Megatrends And Challenges In Retail Industry Of Australia, Goals, Ethics And Professional Values, Competency Assessment, Two Job Descriptions, And Top Skills Assessment Essay.. Retrieved from https://myassignmenthelp.com/free-samples/cpd1102-professional-development-and-ethics/technical-and-leadership-skills-file-DA2F79.html.

"Self-Introduction, Megatrends And Challenges In Retail Industry Of Australia, Goals, Ethics And Professional Values, Competency Assessment, Two Job Descriptions, And Top Skills Assessment Essay.." My Assignment Help, 2022, https://myassignmenthelp.com/free-samples/cpd1102-professional-development-and-ethics/technical-and-leadership-skills-file-DA2F79.html.

My Assignment Help (2022) Self-Introduction, Megatrends And Challenges In Retail Industry Of Australia, Goals, Ethics And Professional Values, Competency Assessment, Two Job Descriptions, And Top Skills Assessment Essay. [Online]. Available from: https://myassignmenthelp.com/free-samples/cpd1102-professional-development-and-ethics/technical-and-leadership-skills-file-DA2F79.html
[Accessed 18 July 2024].

My Assignment Help. 'Self-Introduction, Megatrends And Challenges In Retail Industry Of Australia, Goals, Ethics And Professional Values, Competency Assessment, Two Job Descriptions, And Top Skills Assessment Essay.' (My Assignment Help, 2022) <https://myassignmenthelp.com/free-samples/cpd1102-professional-development-and-ethics/technical-and-leadership-skills-file-DA2F79.html> accessed 18 July 2024.

My Assignment Help. Self-Introduction, Megatrends And Challenges In Retail Industry Of Australia, Goals, Ethics And Professional Values, Competency Assessment, Two Job Descriptions, And Top Skills Assessment Essay. [Internet]. My Assignment Help. 2022 [cited 18 July 2024]. Available from: https://myassignmenthelp.com/free-samples/cpd1102-professional-development-and-ethics/technical-and-leadership-skills-file-DA2F79.html.

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