MAGSAYO, ELJANE S.

BSOA 3-2

PROF. LIBUIT CONCEPCION

1. WHAT IS STRATEGIC MANAGEMENT?

Strategic management is the planned use of a business' resources to reach
company goals and objectives. Strategic management requires ongoing evaluation of
the processes and procedures within an organization and external factors that may
impact how the company functions. The process of strategic management should
guide top-level programs and decisions. Companies of all sizes and in all industries
can benefit from the practice of strategic management.

WHAT IS BUSINESS POLICY?

Business Policy defines the scope or spheres within which decisions can be
taken by the subordinates in an organization. It permits the lower-level
management to deal with the problems and issues without consulting top level
management every time for decisions.

2. IS STRATEGIC MANAGEMENT NEEDED IN A BUSINESS ORGANIZATION?

WHY?
Yes, because in many forms of business strategic management is important
for organization to gain a competitive edge over their competitors, strategic
decision making to set the goals or objectives of a business concern.

3. WHAT ARE THE VARIOUS FORM OF BUSINESS?

Sole proprietorship of a company suggests that the complete ownership of that
organisation lies with a single person. This is one of the primary forms of
business organisations where an individual not only owns the company wholly
but also manages it single-handedly. Here, the business organisation and the
owner are a single entity. 

Corporations or Statutory Bodies A statutory body means any such authority

or organisation which is non-constitutional. Such bodies have been set up by the
parliament, and hold power to take decisions on behalf of an entire
nation.
Partnership
These come in two types: general and limited. In general partnerships, both
owners invest their money, property, labor, etc. to the business and are both
100% liable for business debts. In other words, even if you invest a little into a
general partnership, you are still potentially responsible for all its debt. General
partnerships do not require a formal agreement—partnerships can be verbal or
even implied between the two business owners.
Limited Liability Company (LLC)
Similar to a limited partnership, an LLC provides owners with limited liability while
providing some of the income advantages of a partnership. Essentially, the
advantages of partnerships and corporations are combined in an LLC, mitigating
some of the disadvantages of each.
Federal Tax Forms for LLC
Taxed as a partnership in most cases; corporation forms must be used if there
are more than 2 of the 4 corporate characteristics, as described above.

IF YOU WERE TO CHOOSE, WHAT FORM OF BUSINESS ARE YOU TO

CHOOSE?
I WILL CHOSE SOLE PROPRIETORSHIP, BECAUSE IT IS EASIEST AND
LESS EXPENSIVE FORM OF OWNERSHIP.

The Church places great importance on its religious symbols. Its

sacraments, for example, are symbolic, ritual actions. Its gospels are
symbolic stories. Its doctrines are symbolic teachings, which have a
depth of meaning. What makes these religious aspects “symbolic” is
that they have multiple layers of real meaning and values which draw you
to imaginatively unpack their signifi cance. When you do this, it’s
called “symbolic thinking," the opposite of “literal-mindedness" which
invites no further thought.