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ASSIGNMENT COVER SHEET

STUDENT DETAILS
Student ID
Student name: Trinh Vu Minh Khoa number: 31221021114

UNIT AND TUTORIAL DETAILS

Unit
Unit name: Principles of Management number: MAN101
Tutorial/Lecture: Lecture Class day and time: 18th October 2022
Lecturer or Tutor name: Mr. Douglas Monroe Foster

ASSIGNMENT DETAILS

Title: Personal SWOT analysis

Due Date
th
Length: 2000 words date: 26 Nov 2022 submitted: 26th Nov 2022

DECLARATION

I hold a copy of this assignment if the original is lost or damaged.

I hereby certify that no part of this assignment or product has been copied from any
other student’s work or from any other source except where due acknowledgment is
made in the assignment.
I hereby certify that no part of this assignment or product has been submitted by
me in another (previous or current) assessment, except where appropriately
referenced, and with prior permission from the Lecturer / Tutor / Unit Coordinator
for this unit.
No part of the assignment/product has been written/ produced for me by any other
person except where collaboration has been authorized by the Lecturer / Tutor
/Unit Coordinator concerned.
I am aware that this work may be reproduced and submitted to plagiarism detection
software programs for the purpose of detecting possible plagiarism (which may retain
a copy on its database for future plagiarism checking).
Student’s
signature: Trinh Vu Minh Khoa
Note: An examiner or lecturer/tutor has the right to not mark this assignment if the above
declaration has not been signed.
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PERSONAL SWOT ANALYSIS

Trinh Vu Minh Khoa

Principle of Management

Mr. Douglas Monroe Foster

November 2022
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Personal Swot Analysis

“By failing to prepare, you are preparing to fail.”. This quote is from Benjamin

Franklin, an American polymath and one of the Founding Fathers of the United States. My

shooting coach told me to analyse this quote for one week on my very first days coming to

the shooting centre. This quote has a significant impact in shaping my mindset today, it

makes me realise the importance of preparation in whatever I plan to do. From the day I live

by the quote, I have never come to class unprepared, which has considerably improved my

study productivity. I know that thorough preparation makes a big difference. People will

always feel good when looking at the successful results of others; however, what they should

look at is the process of preparing for that success. However, “If you can’t describe what you

are doing as a process, you don’t know what you’re doing.” (W. Edwards Deming). Take my

shooting journey as an example, when I was new to shooting, I enjoyed watching shooting in

the Olympic Games where the athletes only shot 10 and above (the maximum score for a shot

is 10.9). I was in a rush trying to shoot like them, but my coach told me that I should stop

thinking about the results of my shots and focus 100 percent on the process of completing the

shot. The process starts from the moment when I lift the gun to the second when I finish my

shot. During that process there are many factors such as breath control, aiming, etc that take

me years to master. I joined various shooting competitions but there was no result in the first

two years. My problem was that my heart beat was too high under pressure in the

competition. I started to train to decrease my heart beat per minute by running and

meditating. One year later, I got my first gold medal in the Ho Chi Minh shooting contest for

athletes of all ages in 2020. I learned that it is not easy to be well-prepared so I have to

consider all the factors that can affect the results that I want to achieve to best prepare for it.

In short, I want to say that do not focus too much on the results, but to prepare carefully then

things will turn out the way we want them to be.

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Personal Vision Statement

In the next 3 years, I want to be financially independent from my parents. When I graduate

from ISB, I want to get a job with a decent salary no matter what field. The job does not

necessarily need to relate to economics. Because I see myself as a global citizen so I will

always be ready to welcome every opportunity that comes up to me.

Personal Mission Statement

I am working three part time jobs now, namely English tutoring so that I am gradually not

dependent on my parents’ financial support. However, next year I will stop doing these jobs

and find a company to do an internship there to learn about the working environment. As I

mentioned in the personal vision statement, I welcome every career prospect even if it is not

related to economics, in order to make it possible for me, I will have to prepare everything in

advance. To be specific, I will need to prepare both soft and hard skills, as well as allowing

myself to take risks to know better what it is like in the real workplace to best prepare myself.

Personal Swot Table

SWOT analysis is the examination of an individual or organisation's situation by

looking at Strengths, Weaknesses, Opportunities and Threats. The diagram below illustrates

my SWOT.
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 Delayed Gratification
 Priortity management
 Willing to change to
 Unhealthy lifestyle
adapt  Struggle to do teamwork
 Hard-working  Too detailed
 Great multitasking  Too emotional
skills
 Good family
background
 Resilient
 Leadership skills

 Globalization
 Constructive
study environment
 Social media
 Diverse workplace
 Dynamic world  Illnesses and diseases
 Free knowledge  Artificial Intelligence’s
on the internet dominance
 Freedom to voice opinions  War and conflicts
 Economic recession
 Racism
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Strengths

My first strength is that I have delayed gratification. Firstly, I hold out now for a

better reward later. I have learned to be focused and patient when doing anything after 6

years practising professional shooting. I try to prioritise things that will benefit me in the

future over things that give me gratification just at a specific moment because I know short-

term benefit or gratification does not last long. “The point is that by forswearing the meagre

joys of immediate gratification you can obtain a significantly more substantial delayed

gratification.” (G Pradeepkumar, 2021). Having delayed gratification helps me overcome

temptations such as playing video games or going to the pubs. By developing impulse control

and long-term thinking, I can achieve a lot in relationships, career, health as well as finances.

Take financial benefits as an example that delayed gratification brings about. If I delay the

gratification of purchasing things that are not in need, I can earn the long-term reward of

having more savings for the future. To conclude, I will try to further develop my ability to set

long-term goals and not be tempted to instant benefits.

My second strength can be seen as being hardworking. I work hard to achieve my

goals because I know that success does not come from the work of lazy people. Working hard

does not mean that I just work and study passively, I work proactively and smartly. I am

always trying to be creative, searching for innovative ideas to be more productive in whatever

I do. ”With hardwork and determination, your dreams in life will come through. Nobody will

control you, nobody will tell you to go for mass, classes or even dining; you are no longer

boys, but men, and so you must take your destinies into your hands” (Rev Fr Gideon

Pwakim, 2022). I believe that hard work can help me reach my dreams faster in many ways.

Firstly, hard work really builds my character. People might give up when doing something

difficult; however, giving up is easy but being strong to overcome challenges is hard. I try to

face any problems in life and it has really strengthened me, building me a strong character.
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Secondly, hard work brings new opportunities for me. By working three part time jobs at the

moment, I have widened my social circle, meeting new people who share with me valuable

experiences. A surprising thing is my second and third students were introduced to me by the

mom of my first student. That all comes from my hard work and I will keep up my good

work to achieve more things in the future.

Weaknesses

Besides strong points, I have also noticed several weaknesses that I need to improve.

Sometimes, I struggle to decide what I should prioritise to do first. It is not about time

management but for me it is about managing the order of things that need to be completed.

“You don't manage time. You manage priorities” (Schachter, H., 2022). When there are

exams coming or projects that require much effort to complete, I am stressed to balance them

with my working time because I do not know what to do now and what to do later. However,

I know that later when I go to work in the office, there are even more tasks and they will not

be completed well if I do not arrange my time properly for them. John Spence once wrote on

his blog "When you know what is important to you, what you are trying to accomplish in

your life, what you truly value, then you simply must have the courage to say 'No' to anything

that does not match your vision of your ideal life." Knowing the meaning of the saying, I will

start organising my schedule clearer, do what matters first so that I can spend my time

smarter.

My second weakness is that I am leading an unhealthy life. These days I stay up late

to finish my work and I also prefer fast food to home cooked food because of its convinience.

I know that in the long-run it will worsen my health and limit myself from working and

studying effectively. Mahatma Gandhi, an Indian political ethicist once said “It is health that

is real wealth and not pieces of gold and silver.”. With a healthy mind and body, I can work

and generate benefits for myself and society. In order to live healthily, I will try to spend part
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of my time cooking for myself, also finishing my work more efficiently so that I can go to

bed earlier. To conclude that, I believe that I can do and achieve a lot of things if I can change

the way I live and sleep schedule.

Opportunities

There are several opportunities that the youth of today including myself have, but they

can all be included in one opportunity. I have the opportunity to create opportunities for

myself. For me, people do not bring opportunities for me but it is my responsibility to do it. It

can be best defined by the phrase self awareness, I am aware that I need to learn and be better

every day to create opportunities for myself. “Professional self-awareness is widely

considered a necessary condition for competent social work practice” (Kondrat, M. E., 1999).

This saying emphasises the importance of self-awareness. In addition, I now have free access

to a bunch of information on the internet and also valuable knowledge from my teachers at

ISB, etc. If I take advantage of all those things, I can create opportunities for my future by

being a person with skills and knowledge needed for every job. This really opens a lot of

doors for me in life.

Threats

Besides noticeable opportunities, there are also threats that can harm me and prevent

me from developing in my career. Firstly, unpredictable illnesses can come up at any time in

my life. There are several causes such as air pollution, water pollution, and harmful pesticides

that can make me sick. “A global epidemic of cancer among people younger than 50 could be

emerging” (Brenda Goodman, CNN, 2022). The number of young people having cancer has

been over the past few decades partly because of unethical activities of businesses and

people. This is a real threat that I have to be concerned about because it is inevitable and I

have to do everything I can to lower the possibility of it happening. Understanding health

risks that might come up, I will exercise more frequently, do regular check ups and be more
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aware of my daily choice of food. A change in food choice can increase average life

expenctancy which is proved in a research. “As seen, an increase in life expectancy of up to

13.0 years (95% UI 9.4 to 14.3) is possible for male 20-year-olds from the United States by

sustained dietary changes, and even for 80-year-olds, gains of 3.4 years (95% UI 2.7 to 3.9)

are possible.” (Fadnes LT, Økland JM, Haaland ØA, Johansson KA, 2022). In short, I will

live healthier to live longer.

Secondly, the dominance of AI may cause me to be unemployed. In the near future,

AI is anticipated to replace human workforce in different fields. “If you work in the

transportation industry, manufacturing, some sectors of the information technology industry,

and maybe even in insurance, law, or taxation, you may already be obsolete.” (Dom Galeon,

2017). If I do not prepare myself well for my future jobs, I might also be replaced by artificial

intelligence. “ According to a 2019 survey from the University of Oxford's Future of

Humanity Institute, half of Americans surveyed said they trusted higher education (and the

military) above all (more than government agencies, non-profit research collaboratives, and

big technology companies) to build, manage, and govern artificial intelligence. It indicates

that with good skills and knowledge AI will not replace but work together with humans, and

be managed and governed by humans. In conclusion, threats exist but more importantly,

being well-equipped with knowledge and skills is top priority.

Conclusion

In summary, while acknowledging that there are strengths and opportunities that I

possess, there are also weaknesses and threats that I need to take into consideration. In the era

where things are constantly changing every second, I commit myself to changing for the

better every day. Above all, I will learn to turn my weaknesses into strengths and threats into

opportunities to be successful and live to the fullest.

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References

Fadnes, L. T., Økland, J.-M., Haaland, Ø. A., & Johansson, K. A. (2022).

Estimating impact of food choices on life expectancy: A modeling study. PLOS

Medicine, 19(2).

https://doi.org/10.1371/journal.pmed.1003889

Fleming, B. (2022). ARTIFICIAL INTELLIGENCE: THREAT OR OPPORTUNITY?

EDUCAUSE Review, , 8. Retrieved from

https://www.proquest.com/scholarly-journals/artificial-intelligence-threat-opportunity/

docview/2676605279/se-2

Goodman, B. (2022, October 17). A global epidemic of cancer among people younger

than 50 could be emerging. CNN. https://edition.cnn.com/2022/10/14/health/early-onset-

cancer-increase/index.html

Galeon, D. (2017, March 10). Experts: Because of ai, millions of people are at risk of

unemployment. Futurism. Retrieved November 26, 2022, from https://futurism.com/experts-

because-of-ai-millions-of-people-are-at-risk-of-unemployment

Instant gratification vs delayed gratification: How to stay financially fit? (2021, Nov

03). Financial Express Retrieved from https://www.proquest.com/newspapers/instant-

gratification-vs-delayed-how-stay/docview/2592146942/se-2

Kondrat, M. E. (1999). Who is the "self" in self-aware: Professional self-awareness

from a critical theory perspective. The Social Service Review, 73(4), 451-477. Retrieved

from https://www.proquest.com/scholarly-journals/who-is-self-aware-professional-

awareness-critical/docview/195704122/se-2

Preparation Quotes (310 quotes). (n.d.).

https://www.goodreads.com/quotes/tag/preparation
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Rector advises graduands to shun social vices, embrace hardwork. (2022, Jul 24).

The Sun Retrieved from https://www.proquest.com/newspapers/rector-advises-graduands-

shun-social-vices/docview/2693279436/se-2

Schachter, H. (2022). What separates time management success from failure?: There

are three particular skills that separate time management success from failure.