WEEK11

CBMEC1- Mrs. Evangeline Calabucal

Name: Melvin R. Cuestas

Course and Year : BSBA HRM 3RD YEAR

Date Submitted: November 20 , 2021

ACTIVITY (FORMATIVEQuiz
Not completed: ACTIVITY (FORMATIVE. Select to mark as complete.
Title: Three Summaries

Things to do:

1. You are asked to write three summaries of the lessons discussed. The first should be 10 to
15 words. The second is 30 to 50 words. The third is 75 to 80 words. This activity will
check how you have understood the topic discussed.
Ans.
1. The idea of growing and expanding is a natural direction for a single business to take
if only to avoid business closure when the company becomes less or uncompetitive or
for whatever reasons
2. Being an independent and s solo or single business concern means accepting
some risks as follows: single business incurring losses in its operations could mean
going out of the business with nothing to fall back o, Missing profitable business is
equal to lack of resources and skills to do so, A sudden change in market
conditions makes it difficult to adjust or may be too late to do so, and 5 others
independent solo business concerns.
3.Competitive strengths in being a single business unit particularly in the area of
developing business level strategy as compared to large or group of business
concerns. To name a few, the following are the pluses of a single business in the
 context of developing business level strategy: Lack of ambiguity, Energies or firm
keeping strategy responses for solo businesses, Less chance resource, Building
competencies, capabilities that makes the firm better, Higher probability
innovative ideas will emerge, executive hands on contact core business, Emerging
Competencies, ability to parlay experience, prominent leadership position.

ASSESSMENT (SUMMATIVE)Quiz
Not completed: ASSESSMENT (SUMMATIVE). Select to mark as complete.
Title: Sharing of views

Things to do:

1. Please answer the following questions:

a. In your own assessment, up to what extent is the risk of a single business?

Ans. The extent risk of single business is unsure or uncertain we can say that business risk
will lead single business to losses but it could also lead to succession. All single business
can do is manage the risks By looking into the industry where the company operates,
managers will be able to identify the possible risks that the business may face. If the same
risks happen to other companies in the same industry, there is a likely chance that it will
happen to your company as well

b. On the other side of it, what do you think are the plus factors of engaging a single business.
Ans. Plus factors in single business are in decision making since single business doesn’t have
any other business partners to talk about in terms making decisions. Therefore decision making
is a good advantage for single business.

Reaction Paper
A reaction paper for Webinar about TQM Strategic Management and other topics involving Business
by: Dr. Nick L. Aduana, CPA

Last Sunday we attended a webinar which is all about Strategic Management and other topics involving
Business it talks about what, how, why is it important to learn strategic Management. In this webinar,
there’s a lot of topic that Dr.Aduana discussed to us, but in this reaction paper, we’re going to focused
on strategic management. Strategic management is a systematic of the environmental factors to align
business policies and priorities to achieve organizational objectives. One of the most important
objectives of strategic management are competitive advantage , clear Strategic direction growth and
costumer value and satisfaction each of this are integral factors on managing business it will help you
find the gaps why you are losing money in your business, internal organization problems and costume
dissatisfaction. The speaker said that if you don’t know what to do when you wake up in the morning
strategic management is useless to you. That means if you don’t know how to manage yourself how can
you manage your business. That’s why the first step of learning strategic management before putting it
to use you must first manage yourself. Because failure does not happen overnight it’s a process and if
you find the gap on that one you will able to prevent it.

Understanding the constant changing environment, SME’s environment is not static by dynamic that
means SME’s is changing over the time and understanding this you can come up with a good prediction
in the future you can take advantage of it, because people or costumers wants more than what they
want. That’s because they have unlimited needs that’s why SME’s must constantly change too, now this
constant changing environment is connected in the strategic management objectives if you learn those
things you won’t have a hard time dealing with the constant change environment especially if you are
part of SME’s.

Today’s business in the Philippines Mr. Aduana states that SME’s comprise 99.6% of all businesses
employ 65% of its workforce and account 35% of GDP they face a host and growth including technical
capacity, difficulty in accessing regional markets in ASEAN, most notably, lack of access in finance and
burdensome regulations. SME’s are heavily effected by the current economic turbulence cause by
lockdown measures. But despite of those the speaker focus on the most problematic problem that
Philippines facing which is lack of technical capacity that is why most of the large and medium
enterprises here in Philippines are owned by foreigners and the one who’s working for them are filipino
people. So if we want to solve our lacking we must first find solution of our lack of capacity. One of my
recommendations is that Bringing in a consultant, intern, specialist or mentor to provide targeted, short-
term, tailored support to a market actor with a capacity gap; and developing and running a training
session on a particular knowledge gap this will ultimately help employees and employers reach their full
technical capacity it depends how successful is the training will be. Industries in my country everyone is
struggling on how they maintain their sales and how to prevent from failing especially SME due to the
pandemic. Only large enterprises are seem to not been shaken up on this pandemic because they can
sustain their business funds in order to survive the business. Now because of this it made me realize that
if you don’t have the enough funds to sustain the pandemic then SME will really go down, when I
attended on the webinar I was amazed and enlightened I understand how important is Strategic
management in every different sector in Human daily lives. Applying strategic management on every
business is my country is a better solution in order to make changes and improvements once every
business full understand strategic management and how do you take advantage of it will help an
organization and its leadership to think about and plan for its future existence, fulfilling a chief
responsibility of a board of directors. Strategic management sets a direction for the organization and its
employees. In this webinar, Mr. Aduana help us to learn and understand the importance lf Strategic
management on daily lives specially business industries which will help a lot on making improvements
on my country economic growth. A knowledge and tips to be a successful for the future Filipino
entrepreneur s and business owner.