Key element of a successful strategic plan is its ability to prepare the organization

Unit 1 and Unit 2 Individual

Assignment

One key element of a successful strategic plan is its ability to prepare the organization

to weather and, indeed, to capitalize on the changes in the external environment in

which the organization exists.

Individuals face an equally challenging and rapidly changing environment that they must

plan for. The following excerpt from Friedman and Mandelbaum (2011) expresses these

new challenges.

Broadly speaking, today’s job market can be divided into three segments,

which are steadily collapsing into two. The first includes what are known as

nonroutine high-skilled jobs…

In the second category are routine middle-skilled jobs, involving a lot of

standardized repetitive tasks, of either the white-collar or blue-collar variety…

The third segment of the job market involves workers doing nonroutine low-

skilled jobs that have to be done in person or manually—in an office, a hospital, a

shopping center or restaurant, or at a specific construction site, factory, or

locale….

Putting all three categories together makes clear why the experts speak of job

market “polarization.” Nonroutine high-skilled work becomes, if anything, more

lucrative, depending on the overall economy. Nonroutine low-skilled work can

pay decently, depending on the local economy and how well that worker

performs. But white- and blue-collar routine work shrinks, gets squeezed on pay,

or just vanishes. The net result of the “rising demand for highly educated workers

performing abstract tasks and for less-educated workers performing ‘manual’ or

service tasks is the partial hollowing out or polarization of employment

opportunities,” conclude Katz and Autor. (pp. 75-78)

For the complete text, see: Friedman, T. L., & Mandelbaum, M. (2011). That used to be

us: How America fell behind in the world it invented and how we can come back. New

York: Farrar, Straus and Giroux.

Given this challenging outlook, we need to think of ourselves as our own company, as

You Inc., and we all need to plan a strategy to succeed in this changing and challenging

environment. Individuals need a strategic plan just as organizations do. To that end, we

are going to develop individual strategic plans during the next two units, using the tools

that are introduced here and in your readings.

 

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