Introduction

This reflection report is based on the capstone strategy which is an important strategy that is needed to know in the whole curriculum of the MBA. I am pursuing my masters in this situation. This process is very useful in the segment of strategic management of an Enterprise. The main focus of this strategy is to solve all the business problems that are faced by the various client companies in their daily lifestyle. After attending all the workshops and participating in various actions, I have learned a lot of things that will guide my entire MBA career and also my future processes. In this context, the value of the leaders and managers in the reflective practice is learned briefly. The study of capstone strategy along with the consultancy research process is also to be learned in due process. The overall process contains the understanding of the contingency theory for the strategic fit of the internal and external environment. The competition strategy is also discussed here. Various key concepts are also discussed in this workshop training. Various skills that were developed in the workshop training processes are also discussed in this essay. This process comprises all the necessary details that will enhance my knowledge and also add value in order to shape my future.

Value of reflective practice for of the leaders and managers

Reflective practice includes all the necessary strategic tools that are required in order to solve the various existing issues in any specific organization. This process does not contain any details in order to explore the capabilities of the leadership. This process helps the manners in order to develop various aptitudes in the segment of undivided attention, basic reasoning, in the process of intellectual adaptability. I observed that this process also contains information related to the vital dynamics for a better understanding. According to various researches, I have observed that the leaders who take additional time in order to reflect on their past habits stand out differently in their ability to test the assumptions and make the connections between some unrelated events (Raman et al., 2020). The main value of the reflective practice is to enhance self-awareness. It is one of the key factors in the segment of emotional intelligence. This practice provides a better understanding in order to judge others. According to me, this process helps in order to develop various thinking skills that are creative in nature.

Active engagement in the various work processes can also be learned from these reflective practices which are a very significant issue in the case of leaders and managers. It allows the leaders to examine their identified thought in order to take any suitable actions in their identified processes. This process also increases personal strength in order to overcome various challenges (Chang, 2019). I observed that this process supports various leaders in order to struggle with their various dilemmas. It is very important to look after the proper delivery of the services. Thus, this process helps them in order to achieve their objectives in a specified way. It motivates people in order to use the associated resources effectively. This process helps leaders, managers, and students in order to explore various skills and knowledge that support the development of the leadership skills of an individual. It affirms the potential of the individual. It is very important to identify the potential of an individual in order to empower them for future practices.

Learning from the study of the capstone and the process of consultancy research

The overall process helped me a lot in order to understand various business models. The transformation process of self-capability changed the overall perception of analysing various processes. This process provides necessary guidelines in the process of preparation and the self-improvement process for the understanding of the corporate world. This process allows the individual in order to gain experience on the solid foundations related to the consulting process (Wang and Wang, 2018). This process allows the leaders in order to identify various strategic objectives of their client organizations. In due process, I have learned the effective procedure in order to build relationships with the customers, develop some necessary passion in order to handle them, and also in order to develop some unique propositions in due course. Various active processes increase my experience of customer handling and the knowledge related to enhancing the sales target of an organization (Harris and Jones, 2009).

Various leadership theories provide a lot of understanding about the overall processes in order to solve numerous problems. I feel very confident in order to find various solutions for addressing numerous problems. By attaining this course, I am able to handle various complicated situations after attaining various theories. Various applications of the theories are also learned by me in this process. I am also able to identify various problems along with their actual strategic solutions. I am also able to draw various conclusions in numerous matters that were never learned before. This process also helps me a lot in order to find various strategies related to the micro and macro environment and their linking with the business processes (Paphitis and Pearse, 2017). The associated solutions provide a better understanding related to some justified recommendations along with the matter of conclusion. The gained knowledge also helped me a lot in order to link them with my personal life issues (Haney, Pope and Arden, 2020). I have learned various organizational models, strategies, the developed products, and various business models that are related to the competition strategies and the associated competitive advantage.

Analysing the skills developed in the MBA

I have learned various skills by attending different workshops that were organized in various weeks in order to increase my knowledge so that it could be helpful enough in order to shape the future career of my life.

Week 2 comprises an effective discussion related to the key concepts of the overall review process. Various research based frameworks like VRIO are discussed in this process. The discussion regarding the dynamic capabilities along with the various internal competitive advantages is the main issue this week. Various strategies related to the cost advantage are also discussed (Lawrence, Dunn and Weisfeld-Spolter, 2018).

The study of Week 3 focussed on the discussion of the competition strategy. All the theories were discussed and analysed critically so that they will solve various business problems. The discussion also contains the effective idea related to Porters five frameworks related to the competition strategy.

The main discussion topic in Week 4 is related to the performance and appraising strategy.

The study related to the construction of the business models was the main attraction in Week 5. Various internal, external aspects were discussed in this process.

The discussion of the role of the metrics in the strategy is the key discussion feature in Week 7. Various understanding along with the knowledge related to the lead and lag indicators, factors related to the critical search, and various complex matters have been discussed this week. The effective understanding related to the balanced scorecard is also discussed this week.

The discussion of Week 8 comprises the discussion of the performing secondary research approach. It focuses on the various strategic planning processes that will be fit for a specific organization. The process of design thinking is applicable for all supply chain organizations with a detailed understanding of the stages.

Week 9 comprises the discussion of the primary research design process that will fit the associated processes. Various key concepts related to the purpose of the research, identification of the problems have been discussed here thoroughly.

Week 10 comprises the understanding of the leading change in order to solve various business problems. The matter of change is required in the various levels of the organizations. I have learned various interesting concepts related to the competitive strategy of the banking industry that was also discussed (Haney, Pope and Arden, 2020).

In week 11, I have learned some lessons related to the acquisition of advanced knowledge and its real-life applicability in workplace practices.

The discussion of Week 12 is based on the skills and knowledge related to the translate theory and its effective management practice. Various strategic concepts are also discussed so that they could provide a competitive advantage in this scenario. Various industry and market analyses related to the PESTLE and SWOT were also defined with their associated risk factors. The assets of the VRIN models, business canvas models, strategy related to the balanced scorecard are also discussed this week. Financial performance analysis with the understanding of the resource and leadership endowment is discussed in this process.

Process that provides assistance in the future career

I have learned various important lessons by attaining all the workshops. Various important business strategies along with their necessary agenda are discussed in this process. The concept of competitive advantage is also discussed in this course. In this week, various learned lessons related to the previous process of MBA are also being discussed in a short time span so that there was a quick recap of the overall procedure. This also includes the discussion of the primary and secondary research approach, along with the associated research purposes. Various organizational models related to organizational change are also being discussed in this section (Harris and Jones, 2017). This includes the curves of the Kubler-Ross change curve this comprises the discussion of the process related to overcoming the customer cynicism in the process of retail banking. Various interesting questions related to retail banking were discussed in order to provide more value in the whole MBA process. It is identified that banks have superior profitability on the overall score based on the competitive advantage. This study also includes the discussion related to brand competition (Beenen, Pichler and Davoudpour, 2018). Various design thinking models are also discussed in this process. This will provide a strong understanding related to handling various business relations in this aspect. The business models must be developed in such a way that they will be suitable for all the business industries. Various strategic problems have been discussed in this context. The discussion of the balanced scorecard also adds a strong value to the near future after completing the whole MBA curriculum. Various reviews have been done based o the key concepts of the lessons learned regarding strategic planning.

The analysis of the planning process of the data analysis and the related to the design thinking has been discussed in this process. Various strategic discussions along with suitable techniques are also been discussed in these associated weeks. The discussion related to the various design proposals is also having been discussed for better considerations. The discussion of the various advisors like political and media advisors, advisors related to the financial matters is also discussed in this process. Analysis of the PESTLE and SWOT also adds value to my overall MBA curriculum. All of these processes are so significant that they added some core value to the associated students who attained the workshops.

Conclusion

In my capstone project, I have gathered learning related to my MBA curriculum. I was able to attend many workshops that have helped me to ensure the development of my skills. The consultancy research process equally assisted me in ensuring that I am able to understand and grasp different theoretical perspectives and contexts. Thus, all the learning has helped me to assist in working for better-developed skill sets that would guide my professional life. I was able to learn the ways in which I could be able to solve issues that pertain to leadership and its capabilities. The reflective essay has allowed me the opportunity to indulge in self-awareness so that I could be able to identify my strengths and work on the areas of improvement. I have learned and reflected upon the values involved in the use of reflective practice for leaders and managers. I can say that reflective practice can assist them with developing skills in a useful way and in empowering their future practices. In terms of my learning in MBA, VRIO, Porters five forces framework, VRIN model, PESTLE, SWOT were useful in learning the nuances involved in development of strategies. I also learned about retail banking, curves of the Kubler-Ross change and aspects associated with competitive advantage. My critical aspects developed too as I was able to gather knowledge about lead and lag indicators. Overall, I would say that the skills learned and knowledge gained from the MBA subjects has been insightful for me to be confident about becoming better in my future career.

References

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Chang, Y., 2019. Assessment for learning to integrate multimodality with academic presentations in a multilingual MBA classroom. Multimedia-Assisted Language Learning, 22(1), pp.9-40.

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Haney, A.B., Pope, J. & Arden, Z 2020. Making it personal: Developing sustainability leaders in business. Organization & Environment, 33(2), pp.155-174.[Online]. Available at: https://journals.sagepub.com/doi/abs/10.1177/1086026618806201

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Lawrence, E., Dunn, M.W. & Weisfeld-Spolter, S 2018. Developing leadership potential in graduate students with assessment, self-awareness, reflection and coaching. Journal of Management Development. 37 (pp. 634-651). [Online]. Available at: https://doi.org/10.1108/JMD-11-2017-0390

Paphitis, S.A. & Pearse, N.J 2017. Developing and implementing a service-learning course into an MBA programme: critical perspectives from students. Journal for New Generation Sciences, 15(1), pp.140-156.

Raman, R., Nedungadi, P., Amrita, R.P., Banerji, S., Mohan, R. & Ramesh, M.V 2020. October.Investigating the factors affecting the adoption of experiential learning programs: MBA students experience with live-in-labs.In 2020 IEEE Bangalore Humanitarian Technology Conference (B-HTC) (pp. 1-6).IEEE.

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