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Let’s Check
Now that you know the most essential terms, let us try to check your understanding of
these terms. In the space provided, write the term/s being asked in the following
statements:
1. refers to the person most responsible for the achievement of goals of an organization.
Ans: Strategist
2. It refers to involves three (3) phases and is synonymously used with the term strategic
planning. Ans: Strategic Management
3. It refers to short-term goals as the means of achieving the long-term objective.
Ans: Annual objectives
4. It refers to the external factors that could have a significant positive effect to an
organization in the future. Ans: External opportunities and external threats
5. It refers to the controllable internal activities that are performed poorly. Ans: Internal
strengths and internal weaknesses
Let’s Analyze
Having acquainted with the terms related to strategic management, you should be able to
identify these terms in an actual business setting. Now, I will require you to accomplish the
following task:
1. Based on the definition of strategists, identify at least three (3) strategists of the
University of Mindanao.
2. Identify and explain at least one (1) competitive advantage of the University of
Mindanao.
Ans: Center of Excellence (COE) refers to a department within a higher education
institution, which continuously demonstrates. excellent performance in the areas of
instruction, research and publication, extension and linkages and institutional
qualifications. Lot of students search and select an institution that can help to fulfill their
dreams. University of Mindanao offers students preferred course and has already
proven itself in terms of quality. The campus is great. They also have excellent
professors that have higher degrees in education.
In a Nutshell
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