University of Cebu – Main

College of Business and Accountancy

Summer A.Y. 2020 – 2021

BA 316 - Strategic Management

Name: Chad C. Fernin Course & Year: BSA-2 Schedule & Block : 7:00-10:00 B Date Submitted: 07/13/20

My Strategic Life Plan

Your strategic life plan considers all of the areas in your life that are important to you. This plan is based on a framework of personal values, hopes and
dreams. Straying from your plan on a whim becomes a risk that’s quantifiable. So having any plan in place provides a means to calculate risk and manage
impulsiveness.
For a college student this is imperative, as the risks and available impulses are many. It’s just like surfing or snowboarding. They are exhilarating and
sometimes terrifying sports. For a few, calm moments, just before you launch off the top of the wave or that enormous mountain that will propel you into the
twists and turns below, you can see almost everything in front of you. At once, you decide how to take the turns, manage the risk, and if you gain too much speed,
how to slow down or duck out entirely. The more you practice, the better you get, and the more natural the decision- making feels.
Going through life without a strategic plan would be like a novice snowboarder deciding to blaze down a treacherous black diamond course instead of a
sensible bunny hill. Imminent disaster.
This template is meant to help you organize your priorities, establish your life goals and design your own plan.

Step 1: Establish Your Priorities

List the areas in your life that are very important to you. This list might include your family, career, health, financial security, community service, and spiritual.
Once you identify your valuable areas, number them from extremely important (#1) to least important (#20, or whatever you ended up with).
#1 – Education #5 – Hobby
#2 – Career #6 - Relationship
#3 – Financial Security
 #4 – Family
Step 2: Establish Your Goals
For each of your priorities identified in Step 1 above, think about where you want to be in that area of your life in the next one to two years, the next five years,
and ultimately, at the end of your life.

MY LIFE AREAS In 2-3 years I want to be here: In 5-7 years I want to be here: Ultimately, I want to be here:
Finish my Accountancy degree
Education Enter Law School Finish my Degree in Law
at University of Cebu
Become a Certified Public To Work in the different fields of
Career Become a Lawyer
Accountant accounting
To have saved up enough money Save up enough money for
Financial Security To start saving as I work
to be independent marriage
To lift the financial burden of my
To start contributing to family’s To support my parents as they
Family parents towards myself (become
expenses retire
independent)
To be able to afford enough
To start saving up for my own PC
Hobby To have my own PC set up money and time in indulging in
set up
playing video games
Relationship -- -- Be married & have a family

Step 3: Develop Your Action Plan

Keep this in your mind at all times: What gets planned – gets done! Without specific steps and dates, all you have is a wish list - not a plan. Writing in the details of
the plan is essential to your success. This is where you set in place the action steps and deadlines to get you where you want to be and help you accomplish your
goals.
Consider using the SMART Model: Specific, Measurable, Attainable, Realistic and within a specific Time-frame. You will need to identify detailed steps for each one
of the “Goals” you wrote in Step 2 above. The next page shows a sample of one Life Area (Education), one goal and its action steps.
You will only start your plan here, but it must end up as complete as possible. It needs to become a part of the substance of your daily schedule, and thus, your life
(so you can make your life happen.)
Remember, this is NOT written in stone - not your purpose, or any of the goals or steps. Just as in a strategic plan in business, things change. Life has a funny way
of shifting from time to time, requiring adjustments in timing, steps, and resources. Sometimes you might simply change your mind, but to get anywhere, you must
start somewhere.
Good luck and happy planning!
Sample – Strategic Life Plan

Life Area: Education

GOALS ACTION STEPS DEADLINES
Finish my degree at UH-Manoa By the end of spring 2010
1) Make an appointment with an adviser to transfer. 1/30
- Identify possible major & minor. 1/5
- Identify a potential mentor – and ask if she/he will help guide me 1/10
2) Complete Application Process
- Ask someone whose already transferred for help. 1/30
- The due dates are: ____________
- Send application 2/15
3) Apply for Financial Aid / scholarships
- SEED Scholar ship application due date is : ___ 2/28
- FASFA due date is: ___ 3/31
- Ask someone in the Financial aid office for help. 4/15
4) List of required classes to complete: (based on degree requirements )
- Year 1: 2008-2009
- Summer session?
- Year 2: 2009-2010
5) Find out about possible summer internships /associations . 4/1
 MY STRATEGIC LIFE PLAN
Life Area: Education
GOALS ACTION STEPS DEADLINES
Finish my Accountancy degree at By the end of School Year 2021-
University of Cebu 2022
1) Finish the 1st and 2nd Semesters of the Third Year while taking 5/31/21
my current scholarship in mind
- 1st Semester 12/31/20
- 2nd Semester 5/31/21
2.) Apply for internships Summer 2021
3.) Finish the final year of my undergraduate program 5/31/22
-1st Semester 12/31/21
-2nd Semester 5/31/22
Enter Law School By 2025
1) Find possible universities offering the program 2023
2) Apply and enter the Law School 2025
Finish my Degree in Law By the end of the academic year
2029
1) Finish the 4-year program of Law 2029
Life Area: Career
GOALS ACTION STEPS DEADLINES
Become a Certified Public By the end of School Year 2021-
Accountant 2022
1) Restudy CFAS and FAR 1 & 2, as well as finished law subjects 10/31/20
- CFAS 8/01/20
- FAR 9/15/20
- RFBT (partial) 10/15/20
2) Enter a Review center for the CPALE 2023
3) Take & Pass the CPALE 2023-2024
To Work in the different fields of By 2025
accounting
1) Apply for a job in the field of Public Accounting 2024-2025

Become a Lawyer 2030

1) Finish the 4-year program of Law 2029
2) Study for the Bar Exam 2029
3) Take and Pass the Bar exam 2030
Life Area: Financial Security
GOALS ACTION STEPS DEADLINES
To Start Saving up as I work By the end of School Year 2021-
2022
1) Set up a Bank account -
2) Save up half of my allowance provided by the scholarship 5/31/22
To have saved up enough money By 2029
to be independent
1)Find a Job 12/2023
2) Save up at least 40% of my monthly earnings -
Save up enough money for Before reaching the age of 40
marriage
1) Purchase my own abode -
Life Area: Family
GOALS ACTION STEPS DEADLINES
To Start contributing to my By the end of School Year 2021-
family’s daily expenses 2022
1) Make an appointment with an adviser to transfer. 1/30
- Identify possible major & minor. 1/5
- Identify a potential mentor – and ask if she/he will help guide me 1/10
To lift financial burden of my By 2029
parents towards myself (become
independent)
1) Set up a Bank account -
2) Constantly save up money throughout the years -
3) To purchase all of my daily needs, with my own money 2029

To support my parents as they By 2037

retire
1) Set up a Savings Account / Long-term Time Deposit for such 2025
support
-
2) Constantly add up savings to the account
2037
3) Use the savings for the sustenance of my parents as they retire 2037
-start providing for their needs financially 2037
-to start taking care of them physically
Life Area: Hobby
GOALS ACTION STEPS DEADLINES
To start saving up for my own By the end of School Year 2021-
gaming PC set up 2022
1) Set up a Bank account -
2) Save up half of my allowance provided by the scholarship 5/31/22
To have my own gaming PC set By 2024
up
1) Learn how to build PCs 2023
2) Save up at least 45,000 PHP along with other responsibilities 2024
(e.g. long-term savings)
3) Build my own Personal computer 2024

To be able to afford financially By 2029

and physically in indulging with
my hobbies (playing video
games)
1) Set aside a minimal amount of my savings for leisure -
- Buy future gaming consoles -
Life Area: Relationship
GOALS ACTION STEPS DEADLINES
Be married & have a family 1.) Have faith in God Before reaching the age of 40

Note:
“-“ – Indefinite/Achieved/Perpetual