Screenshots

First Virtual Meeting- January 26, 2021 Asynchronous Learning- January 28,
2021

Second Virtual Meeting- February 2, 2021 Third Virtual Meeting- February 9, 2021
Module 1: Asynchronous Learning

1. What do we mean by strategy? How is a business model different from strategy?

Strategy is an action that managers take to attain one or more organization’s

goals. Furthermore, business model refers to the logic of the company, the way it
operates and how it creates value for its stakeholders while strategy refers to the choice
of business model through which the firm will compete in the marketplace.

2. What do you think are the sources of sustained superior profitability?

The sources of sustained superior profitability is to use efficiently and effectively

the capital invested in the company. To maximize shareholder value, managers must
formulate and implement strategies that enable their company to outperform rivals—that
give it a competitive advantage.

3. What are the strengths of formal strategic planning? What are its weaknesses?

The strengths of formal strategic planning is that it helps the organizations to

identify and manage the risks. It also enables the company to evaluate the progress
made towards the achievement of specific goals.

However, one of the most important weakness is the fact that businesses are
operating in a highly uncertain, complex and ambiguous environment. Consequently,
the formal strategic plans are very likely to be negatively affected by unforeseen
conditions. Rapid changes in the industry dynamics require flexible approach and quick
adjustments that are profoundly impossible in the formal strategic planning. The formal
strategic planning does not account for serendipitous discoveries and event that may
result in missed lucrative opportunities. It also performed by people who are fallible
beings affected by cognitive biases.

4. To what extent do you think that cognitive biases may have contributed to the
economic global crisis caused by COVID-19? Explain your answer.

Humanity is in a battle against COVID-19. This pandemic exposed these

cognitive biases that often lead us to irrational behaviours such as hoarding toilet
papers and food items. Others may even make illogical decisions like ingesting fish tank
cleaner containing chloroquine to prevent coronavirus infection. People who act
irrationally have been labelled as “covidiots”. People often believe actions tend to solve
COVID-19 problems. When various world leaders gave national addresses to allay
people’s fear of “food shortages”, some are started to panic buy. This hoarding lead to
increase in price while lacking of supplies. We often think by doing something such as
stockpiling our home supplies, we may mitigate unknown risks related to COVID-19.
However, by crowding in the supermarkets, we may instead be placing ourselves at
higher risk of infection.

5. Discuss the accuracy of the following statement: Formal strategic planning systems
are irrelevant for firms competing in high-technology industries where the pace of
change is so rapid that plans are routinely made obsolete by unforeseen events.

Formal strategic planning systems are not the best for firms competing in a high-
technology industries because Strategic plans often fail due to outside influences such
as changes in the economic environment, competitor actions and/or technological
change. Macro-environmental factors may sometimes change extremely rapidly which
may frustrate any strategic plans.

If organisations carry out strategic planning thoroughly, it becomes a costly, rigid,

and time-consuming process. It may sometimes take five or more years to implement a
strategic plan. Consequently, benefits of strategic planning may not be immediately
visible.

6. Evaluate President Duterte’s performance against the leadership characteristics

discuss in the text. On the basis of this comparison, do you think that the president is a
good strategic leader. Why or why not?

Based on my observation, President Duterte is not a good strategic leader. Yes,

he has a good vision and goals for our country but he also lacks of consistency in terms
of performing his tasks. He is not eloquent enough to communicate this vision to others
with his subordinates. He is not a role model as leader, he fails to follow quarantine
protocols just like other government officials. They don’t have coordination when it
comes to implementing rules. He also lacks of commitment, his words are not clear. He
promised that he will make our country a drug free just like what he did in Davao City
during his term as a Mayor. But why those innocent people died because of
misconception as a drug addict, is this how he finds solution? A strategic leader must
know what are the effects of his actions and assure that no one will implicate.
 He is not updated of what is happening in our country. He ignores the demand of
his people. He also said that he will prevent unemployment and yet he approved the
shutdown of ABS-CBN Corporation in the middle of the pandemic which thousands of
employees will lose their jobs. While he defends Sec. Duque in 15 Billion PhilHealth
shameless corruption. He can’t empower his subordinates to make a best decision.