week 2 Flashcards
● It’s is the use of business’ resources to reach company goals and objectives.
Strategic Management
● It requires reflection on the process and procedures within the organizational as well as
external factors that may impact how the company functions.
Strategic Management
● It includes setting objectives for the company, reviewing the organization’s internal structure,
evaluating current strategies and confirming that strategies are implemented company-wide.
Strategic Management
A strategic plan is a company’s __________.
Game Plan
Four (4) Stages to Strategic Management
- ANALYSIS
- FORMATION
- EXECUTION
- EVALUATION
Before planning a news strategic process, you must evaluate
the current process to achieve your goal.
What is working?
What is not working?
What input from Organizational stakeholders can you gather?
Analysis in Strategic Management
Two types of Analysis:
Swot Analysis
Pest Analysis
analysis is a framework used to evaluate a company’s competitive position and to develop strategic
planning.
SWOT Analysis
assesses internal and external
factors, as well as current and future potential.
SWOT Analysis
is a management method whereby an organization can assess major external factors that influence
its operation in order to become more competitive in the
market.
PEST Analysis
is a subsidiary of Vista Land & Lifescapes, Inc., one of the largest integrated property developers in the Philippines.
Camella Homes
Vista Land, founded by ___________________.,
Manuel Villar Jr
Vista Land, founded by Manuel Villar Jr., operates various
____________ and ___________________, with Camella specializing in affordable to mid-priced housing developments across the country.
residential
commercial real estate brands
These are government
policies, regulations, and
political stability that
influence business operations.
POLITICAL
Government housing policies and real estate regulations
POLITICAL
Tax policies and incentives for property developers
POLITICAL
Political stability and government intervention in the housing market
POLITICAL
Influence of politicians or political families
Ex: Villar family’s role in legislation related to real estate.
POLITICAL
These affect the purchasing power of consumers and business profitability.
Economic
Economic growth trends (GDP growth, inflation, interest rates)
Economic
Employment rates and household income levels (affordability of housing)
Economic
Overseas Filipino Workers (OFW) remittances (impact on real estate demand)
Economic
Supply and demand in the housing market (is there an oversupply or shortage?)
Economic
Real estate investment trends (foreign and local investors)
Economic
These involve cultural demographics, and lifestyle trends that shape consumer preferences.
Social
Urbanization trends (shift from rural to city living)
Social
Population growth and housing demand
Social
Cultural preference for homeownership (vs. renting)
Social
Changing consumer preferences (e.g, demand for gated communities, eco-friendly homes)
Social
Aging population and need for retirement housing
Social
These involve innovations that affect business operations, efficiency, and consumer expectations.
Technological
Smart home technology (automation, security systems)
TECHNOLOGICAL
Digital marketing strategies (social media, online property viewing)
TECHNOLOGICAL
E-commerce and real estate platforms (e.g., Lamudi, Property24)
TECHNOLOGICAL
Sustainable and green building technologies
TECHNOLOGICAL
Construction advancements (faster and cost-effective building techniques)
TECHNOLOGICAL
one of the country ‘s leading
integrated property developers and the largest homebuilder posted a net income of ₱3.0 billion for the first quarter of 2024, up by 11% from same period last year.
Vista Land & Lifescapes, Inc.,
Vista Land & Lifescapes, Inc.,
one o f the c ount r y ‘ s l e ading
integrated property developers and the largest homebuilder posted a net income of ₱3.0 billion for the first quarter of 2024, up by 11% from same period last year.
Are Example of what __________________?
ECONOMIC
The Philippines is experiencing rapid urbanization, with a significant portion of the population seeking affordable housing solutions in urban and suburban areas.
Are example of what _______________?
SOCIAL
Vista Land & Lif escapes, Inc. addresses this demand by providing a range of housing options tailored to the needs of middle-income families.
Are example of what _______________?
SOCIAL
Launch virtual tour
is example of what??
TECHNOLOGICAL
Includes developing a vision and mission, identifying an organization’s external opportunities and threats, determining internal strengths and weaknesses, establishing long-term objectives, generating alternative strategies, and
choosing particular strategies to pursue.
Strategy formulation
“Formulation in Strategic Management”
Once you have the information you need, it is time to create an _____________ for reaching the goal.
action plan
Make sure the ______ are clear, focused and directly related to the goal.
steps
Prepare easy to understand implementation ____________ if the process or procedure will impact many people within the organization.
guidelines
Execution in strategic management
This is often is called the “___________” of strategic management.
action stage
This is often is called the “action stage” of strategic management.
Execution in Strategic Management
Implementing strategy means mobilizing employees
and managers to put formulated
strategies into action.
Execution in Strategic Management
Often considered to be the most difficult stage in strategic management, strategy implementation
requires personal discipline,
commitment, and sacrifice.
Strategy evaluation is the final stage in strategic
management.
Evaluation in Strategic Mangement
Evaluation in Strategic Mangement
Strategy evaluation is the ________ stage in strategic
management.
final
Managers desperately need to
know when particular strategies are not working well; strategy evaluation is the primary means for obtaining this information.
Evaluation in Strategic Mangement
All strategies are subject to future modification because external and internal factors are constantly changing.
Evaluation in Strategic Mangement
Three fundamental strategy- evaluation activities are
(1) reviewing external and internal factors that are the bases for current strategies,
(2) me a sur ing performance, and (3) taking corrective actions.
Evaluation in Strategic Mangement
