Republic of the Philippines

DON HONORIO VENTURA STATE UNIVERSITY

Villa de Bacolor, Pampanga

CBME – STRATEGIC MANAGEMENT

ESTACIO, JULIE MAE C.
BSA 2-F

ACTIVITY 1:

1. If you will be given the chance to have your own business, what kind of business would
it be and why?

Selling school materials and other digital products for academic purposes is what I
would do if I had the opportunity to start my own business. Based on my observations, kids in
certain areas like Marcos Village, where the main population is katutubong aeta, lack access to
the necessary resources for their academic pursuits. We live in a digital age when everything
revolves around the internet, which is why I also want to start a business selling digital products
for academic purposes such as digital study tracker, digital reviewer, and so on. As some
students feel more at ease using their electronic devices for school works, this is one method we
may assist them with their studies. In addition, digital busy books, coloring pages, and letter
tracing are also helpful for toddlers. I could help make education more interesting and available
to a wider audience by developing a platform that caters to different learning styles and paces.
It also fits in nicely with my interests and skills in learning and technology.

2. In your opinion, Why do you think is it necessary to do strategic management of your

business.

As I see it, you are not capable to handle a business when you don't have strategies or
backup plans as strategic management is crucial to a company's long-term survival in the
competitive and complicated business environment. It helps firms to meet their goals and
prosper over time by offering an organized method for making decisions, allocating resources,
and adapting to change. Since you are in charge of your own business cycle and employing your
own plans, stability and profit are essential components of every enterprise. By implementing
these strategies, you may gain a sustainable competitive edge and product differentiation.
Change is a constant in the fast-paced corporate world of today, businesses may foresee and
respond to changes in the market, technology, competition, and other external variables by
using strategic management. Businesses may remain competitive and relevant by examining and
revising their plans on a regular basis.