Personal Development Portfolio (PDP) Essay Example | Topics and Well Written Essays - 2000 words

Personal Development Portfolio (PDP) - Essay Example The paper will outline my PDP for the module strategic management in hospitality and tourism industry. The action plan is based on reflection, values, awareness, planning, and goal setting for personal development. In week one, we were given the overview of the module strategic management in hospitality and tourism industry. The module focuses on the strategic aspects of hospitality and tourism industry, as well as examining the current and emerging issues that I will face in the work environment. At the end of the module, I was informed by the instructor that each one of us will have to demonstrate knowledge and understanding of hospitality, tourism, finance, people, operations, and marketing, as well as entrepreneurism. The module will be taught through various ways including tutorials, lectures, self-directed learning, journals and case studies, textbooks, scenario-based learning, discussion forums and peer-to-peer learning, module webs, and seminars. The learning of this module needs to be assessed through coursework and phase tests, and not the traditional exams. In week two, I learnt about strategy. Chandler (1963, p.13) asserts that a strategy is described as a long-term goals of a firm and the allocation of resources to attain these goals. I was able to summarise the strategy of an organization in a ‘strategy statement.† A strategy statement needs to have a goal, scope and the particular advantages. For instance, the firm uses training and development an employee retention strategy. Besides, I will need to establish the core issues for an organisation’s strategy in relation to the exploring strategy model. The model outlines those situations that require strategic thinking as termed as ill-structured (Rumelt, 2009, p.198). The model enabled me to fully examine the concept of strategy and the role it plays in the guidance of organizations. I was also able to distinguish that corporate strategy is the overall strategy of company.