LEARNING MODULE 2

STRATEGIC MANAGEMENT (MNGT 2) OVERVIEW

ACTIVITY
What is supplier? What does he do?
 A supplier is a person or business that provides a product or service to
another entity. The role of a supplier in a business is to provide high-
quality products from a manufacturer at a good price to a distributor or
retailer for resale.

ANALYSIS
Why there is a need for supplier, particularly on the part of manufacturers and
consumers?
 Supplier touch on every part of a business and to ensure a company can
run as it should, it needs to ensure the seamless flow of goods and
products. As a business owner or manager, manufacturer, or consumer,
you need to find a reliable supplier, and when you do, you need to treat
them with the utmost respect, and vice versa. The relationship between
manufacture and/or consumer and the supplier is extremely important for
a solid foundation in business.

APPLICATION
1. Define inventory management and explain its importance or value to the
organization.
 Inventory management is an approach for keeping track of the flow of
inventory. It starts right from the procurement of goods and its
warehousing and continues to the outflow of the raw material or stock to
reach the manufacturing units or to the market, respectively. In an
organization, its importance is within since inventory management saves
the organization’s money and allows them to fulfill their customers' needs.
In other words, it enables successful cost control of operations
 2. Determine the role of global strategies in the conduct of today’s business
(include the benefits and resources required).
 Global strategies enable an organization to achieve its objective of
international expansion. In developing ‘global strategy’, it is useful to
distinguish between three forms of international expansion that arise from
a company’s resources, capabilities and current international position. If
the company is still mainly focused on its home markets, then its
strategies outside its home markets can be seen as international. A
primary and obvious benefit for companies that sell products in foreign
countries is access to new markets. On the other hand, the resources
needed are adequate funds, quality, lengthy time, senior management
commitment and effort and innovation.

ASSESSMENT
Preliminary Examination
1. b
2. c
3. a
4. c
5. c
6. c
7. b
8. a
9. a
10.c
11.b
12.c
13.c
14.a
15.b
16.c
17.a
18.c
19.c
20. a
21. c
22. a
23.c
24.a
25.a
26.c
27.a
28.b
29.c
30.a