Group 1

Strategic Management

Introduction to
Strategic Management
AND ITS RELEVANCE TO THE GLOBAL BUSINESS
Title Page Reporters

Group Members

Group 1
Members

MENDOZA AGUILAR BAUTISTA LLANILLO

Group Leader
 Title Page Quiz

Quiz

Questions:
1. Developing and Implementing plans to help an organization achieve its goals and
objectives.

2. This term ________ is used to refer to strategy formulation, implementation and

evaluation, with ________ referring only to strategy formulation.

a. Strategic Planning; Strategic Management

b. Assessment; planning
c. Strategic Management; Strategic Planning
d. Management cycle; brainstorming

3. A strategic management process is aimed at formulating and implementing ______

strategies.
 Title Page Quiz

Quiz

4. Which of these requires the establishment of annual objectives, analyses, and

competitive advantage strategies by companies?
a. Strategy Formulation
b. Strategy implementation
c. Strategy Implementation
d. Strategy Intent

5. What year did Strategic Management originate?

a. 1980’s
b. 1960’s
c. 1950’s
d. 1970’s
 Title Page Quiz

Quiz

6. SWOT analysis stands for _____.

a. Strengths, Weakness, Opportunity, and Threat

b. Strengths, Weakneses, Opportunities, and Threats
c. Strengths, Weaknesses, Opportunities, and Threats
d. Strengths, Weaknesses, Opportunity, and Threats

7. The process of carrying out plans in order to achieve a desired outcome.

a. Strategic Intent
b. Strategy Formulation
c. Strategy Implementation
d. Strategy Evaluation
 Title Page Quiz

Quiz

8. The process of analyzing a plan to determine how successfully it has been put into
action.
a. Strategic Intent
b. Strategy Formulation
c. Strategy Implementation
d. Strategy Evaluation

9. Ensure that products and services comply with international quality standards and
qualifications, hence increasing trust and competitiveness in the global market.

a. Digital Transformation
b. Quality standards and certification
c. Education and workforce development
d. Infrastracture development
 Title Page Quiz

Quiz

10. This pertains to the rivalry between companies that sell similar goods and services.

a. Cost advantage
b. Benefit
c. Competition
d. Target market

11. It is a functional strategy concerned with developing a distinctive competence to

provide a business unit with a competitive advantage

a. Business strategy
b. Operating strategy
c. Corporate strategy
d. Functional strategy
 Title Page Quiz

Quiz

12. Competitive Advantage means having the same performances as competitors in the
same industry.

a. False
b. True

13. What is a general direction set for the company and its various components to
achieve a desired state in the future?

a. Business strategy
b. Strategy
c. Corporate strategy
d. Functional strategy
 Title Page Quiz

Quiz

14. Who said that the businesses must formulate strategies to capture a greater market
share than their competitors?

a. Confucius
b. Karl Marx
c. Edgar Allan Poe
d. Sun Tzu

15. According to _________, the objectives of a strategy is to maximize an organization’s

strength and to minimize the strength of the competitors.

a. Business Study Guide

b. Strategic Management Guide
c. Management Study Guide
d. Functional Strategic Management
Group 1

Strategic Management

Introduction to
Strategic Management
AND ITS RELEVANCE TO THE GLOBAL BUSINESS
Title Page Reporters Introduction

Strategic Management

Learning
Objectives
Understand the benefits of strategic
management ;

Understand the basic model of strategic

management and its basic process

Understand the importance of strategic

management in today's business.
Title Page Reporters Introduction

Strategic Management

In essence, the strategic plan is a company's game plan.

Title Page Reporters Introduction Overview Strategy

According to Management Study Guide and Sun Tzu

strat·e·gy
Strategy /ˈstradəjē/

it is a general direction set for the company and its various components
to achieve a desired state in the future.

Features of Strategy:
1. According to Management Study Guide
2. According to Sun Tzu
 Title Page Reporters Introduction Overview Strategy

According to Management Study Guide and Sun Tzu

strat·e·gy
Strategy /ˈstradəjē/
it is a general direction set for the company and its various
components to achieve a desired state in the future.

Management Study Guide Sun Tzu

A strategy pertains to a well- The businesses must formulate
defined roadmap of an strategies to capture a greater
organization. market share than their competitors.
The objective of a strategy is The companies must engage in
to maximize an organization’s planning in order to determine their
strength and to minimize the marketing move that will make the
strength of the competitors. market shift to their products.
 Title Page Reporters Introduction

Strategic Management

Strategic
Management
Strategic Management can be defined as the
process of planning, monitoring, analysis and
assessment of all necessities an organization
needs and to meet its goals and objectives.

Strategic Management is based on organizations'

clear understanding of mission and vision for
where it wants to be in the future and the purposes
that will guide its actions.
Title Page Reporters Introduction

Strategic Management

Evolution of Strategic Management

Phase 1: Basic Financial Planning - Managers make simple plans based on
budgets for the next year. It's time-consuming and often interrupts regular
work.

Phase 2: Forecast-based Planning - Forecast-based planning. Managers try to

plan five years ahead. This involves lots of meetings and political maneuvering.

Phase 3: Externally oriented Planning - Top managers set up a formal

strategic planning system. They want to be more flexible in changing markets.
This leads to more structured planning, often with outside consultants' help.
Title Page Reporters Introduction

Strategic Management

Evolution of Strategic Management

Phase 4: Strategic Management - Here, top management realizes they need
input from lower-level managers. They form groups involving various
departments and levels. Plans emphasize the company's strengths, focus on
implementation, and consider different scenarios. The big five-year plans get
replaced with year-round strategic thinking involving everyone in the company.
Title Page Reporters Types of Strategies

Types of Strategies

Types of Strategies
Business strategy - It covers all the activities and tactics for competing in
contradiction of competitors and management behaviors that require strategic
alignment and coordination.

Corporate strategy - This strategy entails a clearly defined, long-term vision

that organizations set, seeking to create corporate value and motivate the
workforce to implement proper actions to achieve customer satisfaction.

Functional strategy - Functional strategy is concerned with developing a

distinctive competence to provide a business unit with a competitive advantage
Title Page Reporters Types of Strategies

Types of Strategies

Types of Strategies
Differentiation strategy - This pertains to the strategy of a company that involves
marketing the qualities of a product which sets it apart from other similar
products and uses that difference to drive the consumer choice.

Operating strategy - It is created at the field level to achieve objectives and

formulated in operating units of an organization for each set of annual objectives
in departments or divisions.
 Title Page Reporters Introduction

Strategic Management Process

Challenges Before
and During Business
Preserving a good reputation.
Branding
Meeting customers' needs.
Limited access to cash for financial
growth.
Losing your passion in your business.
 Title Page Reporters Introduction

Strategic Management Process

Strategic
Management Process
According to Bamford, Hoffman, Hunger and
Wheelen (2018), A comprehensive & ongoing
management process aimed at formulating and
implementing effective strategies, that involves
an organization’s ability to set both short and
long-term goals.
Title Page Reporters Introduction Overview

Strategic Management Process

Strategic Management Process

Strategic Intent Strategy Implementation
Strategy Formulation Strategy Evaluation
 Title Page Reporters Introduction Overview Plan

Strategic Management Process

Strategic Management Process

Strategic Intent Strategy Formulation
It involves developing the business goals In Strategy Formulation, SWOT analysis can
and utilizing them as a standard for be useful for the companies because this
measuring growth and achievement of the analysis can bring attention to their
company. weaknesses, strengths, threats, and
opportunities.

Strategy Implementation Strategy Evaluation

The process of carrying out plans in order The process of analyzing a plan to
to achieve a desired outcome. determine how successfully it has been put
into action.
Title Page Reporters Introduction Overview Plan

SWOT ANALYSIS
 Title Page Reporters Introduction Overview Advantage

Competitive Adavantage

COMPETITIVE
Strategic Intent ADVANTAGE
It involves developing the business goals
and utilizing them as a standard for
It is a superior performance means
measuring growth and achievement of the
better
than competitors in the same industry or
company.
industry average. It refers to an entity's
Strategy
goods or Formulation
services being superior to
Itavailable
involves developing
options inthe
thebusiness
market.goals
and utilizing them as a standard for
measuring growth and achievement of the
company.
 Title Page Reporters Introduction Overview Advantage

Competitive Adavantage

The following are the determinants of competitive advantage:

Benefit - Companies must identify unspoken benefits and adapt to new trends
to offer value to the market.
Strategic Intent
Targetdeveloping
It involves market - the
Target market
business goalsrefers to a specific group of customers for a
and business's
utilizing them as a efforts.
marketing standard Companies
for must be aware of their target market
measuring growthproducts
to innovate and achievement of the based on their needs.
and services
company.

Strategy Formulation
Competition - This pertains to the rivalry between companies that sell similar
goods and services.
It involves developing the business goals
and utilizing them as a standard for
Cost growth
measuring advantage - This pertains
and achievement of the to the strategy of a company that involves
company.
producing a product and providing a service at a lower cost than its competitors.
Title Page Reporters Introduction Overview Plan

Recognize the importance of strategic management in today's business.

Recognize the importance of strategic

management in today’s business
Strategic management helps companies set goals, gain a
competitive edge, better manage their resources, and more.

Strategic management plays a crucial role in today's business

due to it's ability to guide organizations in achieving their long
term goal of objectives.
Title Page Reporters Introduction Overview Example

Recognize the importance of strategic management in today's business.

Recognize the importance of strategic

management in today’s business
1. Navigating Complexity
2. Goal Alignment
3. Advantage of being Competitive
4. Funds/Resources
5. Risk Management
6. Long-term Sustainability
7. Communication and Alignment
8. Measurement Evaluation
9. Customer Needs
 Title Page Reporters Introduction Overview Plan

How can the Philippines develop its business resources for global competitiveness?

How can the Philippines develop its business

resources for global competitiveness?
Strategic Intent
It involves developing the business goals
Developing business
and utilizing them as a standard for
resources for global competitiveness is a
complex
measuring growthundertaking that
and achievement of the includes different systems and
company.
approaches. The Philippines can find multiple ways to upgrade its
Strategy
businessFormulation
climate and assets to turn out to be more aggressive on
It the worldwide
involves developing stage.
the business goals
and utilizing them as a standard for
measuring growth and achievement of the
company.
Title Page Reporters Introduction Overview Plan Example

How can the Philippines develop its business resources for global competitiveness?

Quality Standards
and Certification Digital Information
Title Page Reporters Introduction Overview Plan Example

How can the Philippines develop its business resources for global competitiveness?

Education and Workforce Infrastructure

Development Development
Group 1

Strategic Management

Introduction to
Strategic Management
AND ITS RELEVANCE TO THE GLOBAL BUSINESS
 Title Page Quiz

Quiz

Questions:
1. Developing and Implementing plans to help an organization achieve its goals and
objectives.

2. This term ________ is used to refer to strategy formulation, implementation and

evaluation, with ________ referring only to strategy formulation.

a. Strategic Planning; Strategic Management

b. Assessment; planning
c. Strategic Management; Strategic Planning
d. Management cycle; brainstorming

3. A strategic management process is aimed at formulating and implementing ______

strategies.
 Title Page Quiz

Quiz

4. Which of these requires the establishment of annual objectives, analyses, and

competitive advantage strategies by companies?
a. Strategy Formulation
b. Strategy implementation
c. Strategy Implementation
d. Strategy Intent

5. What year did Strategic Management originate?

a. 1980’s
b. 1960’s
c. 1950’s
d. 1970’s
 Title Page Quiz

Quiz

6. SWOT analysis stands for _____.

a. Strengths, Weakness, Opportunity, and Threat

b. Strengths, Weakneses, Opportunities, and Threats
c. Strengths, Weaknesses, Opportunities, and Threats
d. Strengths, Weaknesses, Opportunity, and Threats

7. The process of carrying out plans in order to achieve a desired outcome.

a. Strategic Intent
b. Strategy Formulation
c. Strategy Implementation
d. Strategy Evaluation
 Title Page Quiz

Quiz

8. The process of analyzing a plan to determine how successfully it has been put into
action.
a. Strategic Intent
b. Strategy Formulation
c. Strategy Implementation
d. Strategy Evaluation

9. Ensure that products and services comply with international quality standards and
qualifications, hence increasing trust and competitiveness in the global market.

a. Digital Transformation
b. Quality standards and certification
c. Education and workforce development
d. Infrastracture development
 Title Page Quiz

Quiz

10. This pertains to the rivalry between companies that sell similar goods and services.

a. Cost advantage
b. Benefit
c. Competition
d. Target market

11. It is a functional strategy concerned with developing a distinctive competence to

provide a business unit with a competitive advantage

a. Business strategy
b. Operating strategy
c. Corporate strategy
d. Functional strategy
 Title Page Quiz

Quiz

12. Competitive Advantage means having the same performances as competitors in the
same industry.

a. False
b. True

13. What is a general direction set for the company and its various components to
achieve a desired state in the future?

a. Business strategy
b. Strategy
c. Corporate strategy
d. Functional strategy
 Title Page Quiz

Quiz

14. Who said that the businesses must formulate strategies to capture a greater market
share than their competitors?

a. Confucius
b. Karl Marx
c. Edgar Allan Poe
d. Sun Tzu

15. According to _________, the objectives of a strategy is to maximize an organization’s

strength and to minimize the strength of the competitors.

a. Business Study Guide

b. Strategic Management Guide
c. Management Study Guide
d. Functional Strategic Management