Evaluation of ST and LT goals

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Evaluation of ST and LT goals

by vincenm » Wed Jul 15, 2015 11:33 pm
It would be great if I can get a critique of my ST and LT goals.

My passion for products that paved way for the Internet era and interest to know how a market grows around such products, have motivated me to seek out a business position in the tech industry. I believe I am made for the role of SVP of Product in a major hi-tech company, where I can establish the company's strategy and direction for the product portfolio. This will involve working and empathizing with different cross-functional teams, which include operations, sales, and finance, and engage them appropriately in the decision-making. To do this, I require the knowledge of how business is managed across functions of a company.

After getting a MBA degree, I aspire to work as a consultant for a top firm such as Accenture. I hope to leverage the professional experience I have with the knowledge gained through MBA to work with hi-tech and IT industry clients, providing solutions for business problems, such as risks of acquisition, weak operational performance and low market share. My career as a consultant, solving issues faced across different functions in the industry, will help me understand the various nuances of managing different functions, thus helping me transition into the role of SVP smoothly.

I am a Indian male currently working on supporting and improving IT performance for the supply chain management system. So I m looking for a career switch here.

My ST goal is what I want to post-MBA and I would want to stick to it. It is the journey from ST to LT goal that I want to have better handle on.

The reason why i believe a career in PRODUCT 20 years down the lane would be plausible is because the way management consultant gets to work in different various functions. It is said that working as consultant for a year i equivalent to working as a manager for two years because of the diversity and load of work done by the consultant. I beleive working as consultant will help make up for the years I missed out working in the business role. I plan to work as a consultant for a a decade at most most preferably in consulting for product development and management as seen at Bain and Accenture. After 10 years I would like to move to Product management somewhere in the chain of hierarchy in the Product division of a company..

I have provided some links that convinced me that these companies do have the opportunities for consultants to get the experience of product development.

https://www.accenture.com/us-en/service ... t-overview
https://www.bain.com/consulting-services ... ement.aspx
https://m.accenture.com/SiteCollectionDo ... vation.pdf
https://www.wsj.com/articles/SB100014240 ... 0976281022

You have the experience of seeing many such goals and hence your opinion on this would help.

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by MargaretStrother » Fri Jul 17, 2015 12:02 am
Hi VinceNM,
Your goals are plausible as far as they go. The big challenge for you as an engineer in an already over-represented demographic will be to differentiate yourself from others in your field. What unique exposure -- international, company or technology -- do you bring to the top MBA programs you will apply to? How will you compete against others whose connection to your post-MBA industry is already well established?

I'm not vetoing these goals, I'm just suggesting that this is the beginning of a long exploratory process for you. sure your choice of top business schools is a good fit with your goals, your professional experience and your numbers (age, GPA, GMAT), and that you take the time to research each school well, ideally including a trip overseas to get to know each campus in person.

Good luck!
Margaret Strother
Margaret Strother
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Stacy Blackman Consulting

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