EASY
A business plan is typically focused on a business' mid- to long-term goals and explains the basic strategies for achieving them.
True or False?
False
A strategic plan is about setting short- or mid-term goals and defining the steps necessary to achieve them.
True or False?
False
It determine the direction in which you want to take your business. It involves setting out your overall goals for your business.
Strategic Plan
SWOT stand for?
STRENGTHS, WEAKNESSES,OPPORTUNITY, and THREATS
It is an external factors that could be helpful to achieving the objective of the business.
OPPORTUNITY
It is an analysis that involves identifying an objective of a business or project and then identifying the internal and external factors that are favourable and unfavourable to achieving that goal.
SWOT ANALYSIS
It is an attributes of the business that could be obstacles to achieving the objective of the business.
WEAKNESSES
It is an attributes of the business that can help in achieving the objective. Usually part of SWOT Analysis.
STRENGTHS
There are 5 Forces of Model, give atleast one (1).
Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Industry Rival.
The development and execution of strategic planning are performed in three critical steps. What are those?
Strategic Formulation, Strategic Implementation and Strategic Evaluation
It focuses in the external factors that could be obstacles to achieving the objective of the business.
THREATS
In this afternoon Webinar, our topic was all about ____?
STRATEGIC PLAN FOR SMALL BUSINESSES
STEEPLE stands for?
SOCIAL, TECHNOLOGICAL, ECONOMIC, ENVIRONMENTAL, POLITICAL, LEGAL, and ETHICAL
In this critical steps of strategic planning, a company will first assess its current situation by performing an internal and external audit. The purpose of this is to help identify and analyze the organization’s SWOT.
Strategic Formulation
In this phase of critical strategic planning, it is important for managers to evaluate the performance of a chosen strategy after the implementation phase.
Strategic Evaluation
Complete name of BAMA 302 Entrepreneurial Management Professor.
Ms. Azelle Charese Agdon Tayson
Strategic Planning helps formulate better strategies using a logical, systematic approach.
Yes or No?
YES
The strategic planning process requires considerable thought and planning on the part of a company’s upper-level management.
Yes or No?
YES
One of strategic critical steps in which the company needs to establish specific targets or goals related to putting the strategy into action, and allocate resources for the strategy’s execution.
Strategic Implementation
Who are the guest speaker in this afternoon webinar?
Mr. Javin Ramos and Ms. Loushela Shayne Apostol