Name : UYCHOCO, KONRAD LORENZ M.

Course and Year : BS Accountancy 3

Subject : Strategic Management (CBME2)
Document : Quiz 1 and 2
Schedule : 1:00 – 2:30 TTH

1. The first type of objective that needs to be achieved first would be to

establish a clear and concise strategic objective, because you’ll be able to
map out and plan what needs to be done and achieved first, as well as
being able to plan not just operations, but also financial plans on how
much you will allocate to your business operations. Ensure that the
objectives are diamond clear, says one message understood to all the staff,
and manageable and should lead to where the company should go.
2. Of the given strategies, I would opt for diversification. In order to be
successful, the business would consider giving some knowledge acquired
from experience to the business, combine them together with other
activities of separate businesses to reduce costs, and collaborate to gain
more further information and improve the product. In this way, we can get
to improve the product quality and technology brought by knowledge and
experience, regardless if businesses are related to each other or not.
 3.
Internal Factors
Strengths Weaknesses
• Creative staff • Outdated ICT
• Good location facilities
• “Instagrammable” • Skeletal workforce
physical facilities • No strategic plan in
place
Opportunities Strengths/Opportunities Weaknesses/Opportunities
• Shifting • Use the location • Improve ICT of the
trends and staff’s business
• Increasing creativity to • Increase workforce to
number of provide quality accommodate more
clients products and customers
using social services. • Create a short-term
media • Give trainings to plan that will take
• Few staff to help them place during the
competitors improve pandemic
• Innovate products
External and services that
Factors no rival can copy it
Threats Strengths/Threats Weaknesses/Threats
• Covid-19 • Introduce • Increase workforce
Pandemic products/services and have some shifts
• Natural fitting to the between workers.
Disasters current situation • Develop a long-term
• Threat of • Ensure place is plan (and objectives)
New clean, even with • Promote the
Entrants the pandemic business in social
ongoing media
• Introduce new
ways to revamp
the location of the
business to shove
away rivals