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This week has been one full of ups and downs. As we draw nearer to the end of the first half of this semester, all courses decide to bombard us 'already struggling to maintain with all the workload' students with the most amount of assessments and tests that they can think of before we actually go on break. All this workload is starting to prove difficult in terms of managing my time with all these readings for not only this paper but all of my other 4 papers also. It¿s times like these however that I actually appreciate the experiences and lessons that I am gaining from this course in particular.

This week¿s topic of business strategies and business models helped me understand a little more about ways to best implement strategies in order to achieve the goals and focuses of the organization. From these readings it actually helped me think about ways in which I could transfer that knowledge from a business realm context to the stresses that have come with this awesome university study life of ours. In other words, it helped me answer the questions of ¿How can I tackle all these assignments and tests?¿, ¿Why do I always leave everything for the last minute?¿ and so on. From these readings, I was able to gain a grasp of why forming strategies before implementing plans are crucial should you wish to do well.

According to Kim & Mauborgne (2002), an effective strategy has three significant qualities which are focus, divergence and a compelling tag line This bit of information is relevant to us in this course in the sense that we have to form strategies in our teams for our Mikes Bikes project. For my team personally we have decided upon our strategy. Upon doing these readings in the weekend it dawned on me that maybe we needed to change our strategy in order to have an effective strategy because sure we had a focus but I felt we did not really go in to detail about divergence. So for the sake of our team I won¿t reveal too much detail about our strategy but what I will say is that after a few tweaks here and there in our strategy we have now come up with a strategy that has a focus, divergence and a compelling tag line, therefore an effective strategy which I hope will benefit us in the long run which for this course would be a good grade.

References:

Kim, W. C. & Mauborgne, R. (2002). Charting your company¿s future. Harvard Business Review, 80(6),76---83

2 Comments

  1. Thank you for the opportunity to review your learning journal.

    The main thing of which you have demonstrated learning is the aspects of strategy that Kim, & Mauborgne (2002) talk about. You have the ability to take the main points out of the reading and apply it to your won situation well done.

    One aspect that I would work on is the analysis of the problem (Daudelin, 1996 ). In your report you have managed to tell us what your problem is but have not really told us about the ways in which you would "tweak" your strategy for it to fit in line with your overall goal of mike bikes. Try giving us solutions like .... a group meeting that goes over the sub strategies in order to create an overarching one. this will allow you to reach the higher levels on blooms taxonomy as at the moment yo  u have only reached the comprehension stage. the above suggestion allows you to move to application, then analysis and then synthesis (if you really break the problem down and form a new whole) (Nentl, & Zietlow, 2008)

    Overall I understand the rush that everyone had this week and can empathise with you. Your work was easy to read and helped me think about my group a bit more and the strategies that we have in place.

    Nice job!

    Daudelin, M. W. (1996). Learning from experience through reflectionOrganizational Dynamics, 24(3), 36--48
    Nentl, N., & Zietlow, R. (2008). Using bloom's taxonomy to teach critical thinking skills to business studentsCollege & Undergraduate Libraries, 15(1-2), 159--172. doi:10.1080/10691310802177135

    Kim, W. C. & Mauborgne, R. (2002). Charting your company¿s future. Harvard Business Review, 80(6),76---83

  2. There is no denying that I rushed this weeks journal which clearly shows when you read it. So the first thing that I know I need to work on is to not leave the journal for the last minute and to actually spend more time on it. What I did notice that I demonstrated well however was my ability to take key points from the readings and relate it to how I could use such points in my own life.

    In terms of Daudelin's article and the Blooms taxonomy, I really need to work a lot more on transitioning from merely pointing out the ¿problems I faced, to actually providing solutions to those problems and being more critical about the readings. Should I wish to do well in this course I must, as Danielle has also pointed out, try to move from the comprehension stage right through to the synthesis stage.

    Overall, I have a lot to work on for future journals which all comes down to my time management. I just hope I can follow through with this so that I can get a good grade for this course.