Professional Documents
Culture Documents
Reporters:
Dexter Leoligao
Joko Suaz
Carolina Pangan
Archie Calusor
V3
CHAPTER 4:
Importance
of Business
Strategy and
its Critical
Beginnings
Reporter: Leoligao, Dexter P.
4.1 INTRODUCTION
All things being equal, the organization that plans the best will perform the best.
Strategic planning is an ongoing process. The strategic plan may look ahead five, te, or
even twenty years but it should be revisited yearly.
Fiction vs Fact
STRENGTHS WEAKNESSES
Strong Academic Programs Old building in poor
& Enrollment decorative condition
Enthusiastic management High average age of staff
team Inadequate budget
Excellent examination Lack of facilities and
results equipments
Strong sport, music, art & Inadequate plant and
drama programs facilities
Strong students
organizations
Good personnel morale
Supportive government
agencies
OPPORTUNITIES THREATS
Merger with local agencies Loss of identity, strengths,
with an excellent size but mediocre and reputation
reputation Risk of losing experienced
Develop reputaion in sport, teachers who may take early retirement
culture and arts That the ethos of the other
The excitement of institution may become dominant
establishing a new branch Possible loss of some
The opportunity to enlarge supportive local officials
staff expertise in order to increase the
range of offerings
The merged institution may
attract additional fundings
There are many benefits of strategic management and they include identification,
prioritization, and exploration of opportunities. For instance, newer products, newer
markets, and newer forays into business lines are only possible if firms indulge in
strategic planning. Next, strategic management allows firms to take an objective view of
the activities being done by it and do a cost benefit analysis as to whether the firm is
profitable.
Financial Benefits
It has been shown in many studies that firms that engage in strategic
management are more profitable and successful than those that do not have the benefit
of strategic planning and strategic management.
It has been estimated that more than 100,000 businesses fail in the US every
year and most of these failures are to do with a lack of strategic focus and strategic
direction. Further, high performing firms tend to make more informed decisions because
they have considered both the short term and long-term consequences and hence,
have oriented their strategies accordingly. In contrast, firms that do not engage
themselves in meaningful strategic planning are often bogged down by internal
problems and lack of focus that leads to failure.
Non-Financial Benefits
The section above discussed some of the tangible benefits of strategic
management. Apart from these benefits, firms that engage in strategic management are
more aware of the external threats, an improved understanding of competitor strengths
and weaknesses and increased employee productivity. They also have lesser resistance
to change and a clear understanding of the link between performance and rewards.
The key aspect of strategic management is that the problem solving and problem
preventing capabilities of the firms are enhanced through strategic management.
Strategic management is essential as it helps firms to rationalize change and actualize
change and communicate the need to change better to its employees. Finally, strategic
management helps in bringing order and discipline to the activities of the firm in its both
internal processes and external activities.
A vision statement tells people what you want to accomplish over time and how
your business can make things different through its purpose and activities. It provides
the outside world with some insight about your goals and and how you want to be
perceived. Vision statements are typically aspirational and inspirational in nature. They
encourage your stakeholders, employees and customers to think in terms of what you're
doing and where the company is headed.
Some vision statements may be simple and modest, while others may be more lofty or
complex. For example 'We want to be A leader' versus 'We want to be THE leader.' All
vision statements should help an organization focus on the most important points of
their business, like:
An organizations values should become the ethical guide that determines how
business shall be conducted. It determines the organizations mission, in that the
values must be congruent and supportive of the organizations mission.
Values are the principles that determine how an organization operates and earns
a profit. These principles determine the strategies that will be developed and the
methods of strategy implementation employed to achieve success.
According to S. Shellenbarger (1999), values, or deeply held principles and
beliefs, can be powerful motivators that, when shared, form a foundation for
corporate culture.
Identification of Values
1. Open listing approach- uses nominal groups and brainstorming to help identify
values usually with the aid of a facilitator over several meetings.
2. Stakeholder listing approach- values are characterized by those who have
special interest in the success of organization including owners, customers,
employee, the community, suppliers and creditors.
3. Business-function listing approach- requires that values be sorted and
determined by individual business functions.
1. Involve everyone.
2. Allow customization.
3. Expect and accept resistance.
4. Keep it short.
5. Avoid religious references.
6. Challenge it.
7. Observe the values.
Vision
Jollibee Foundation envisions that every Filipino is able to access basic community
services and live a life defined by dignity, purpose and active participation in nation-
building.
Mission
Our work is guided by the JFC corporate values, namely, excellence, honesty and
integrity, frugality, teamwork, humility to listen and learn, respect for the individual, spirit
of family and fun, and customer-focus. We partner with communities and find synergy
with other institutions to ensure that our programs are strategic and sustainable. Jollibee
Foundations projects are mainly in the categories of Education, Leadership
Development, Livelihood, Environment-friendly initiatives and Housing and Disaster
Relief.
CHAPTER 11:
Management
Information
System
Reporter: Pangan, Carolina F.
11.1INTRODUCTION
Business organizations rely heavily upon the effective and efficient exchange and
use of information to create and maintain their core competencies and competitive
advantage. In this chapter, we shall evaluation the various components of the
organizations information systems and the strategic and tactical roles that these
component performs, as stated by William A. Sodeman (2007).
1. People The most vital part of an information system includes the people who
use the system or rely upon the systems input and results.
3. Infrastructure This includes the various resources devices and storage media
that are used to actually operate the system.
5. File Management This type of system helps manage files, which are bundles of
more specific digital information that are stored on a computer or network.
EXAMPLE:
ENTERPRISE
RESOURCES -none- (2014)
PLANNING Cloud ERP
COMMUNICATIONS
Website
Telephone
FILE Storage
MANAGEMENT