1. Anything that a firm does especially well compared to rival firms.
2. The individuals who are most responsible for the success or failure of an organization. 3. It answers the questions’ “ What do we want to become?” 4. These are the means by which annual objectives will be achieved. 5. It is a declaration of an organization’s “reason for being.” 6. A systematic and ethical process for gathering and analysing information about the competitions activities and general business trends to further a business’s own goals. 7. It identifies a firm’s major competitors and its particular strengths and weaknesses in relation to a sample firms’ strategic position. 8. It allows strategists to summarize and evaluate economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive information. 9. It is a process of worldwide integration of strategy formulation, implementation and evaluation activities. 10. It takes advantage of external opportunities and minimize impact of external threats.
II. Essay.
1. Explain the importance of a vision and mission statement. 5 points
2. State the vision and mission of Mabalacat City College. 10 points 3. Who are the major competitors of your college? What are their strengths and weaknesses? What are their strategies? How successful are these institutions compared to your college? 15 points 4. Construct an EFE Matrix for Mabalacat City College. 10 points