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    And Focusing On The Appropriate Competition Strategy (ABM - BES12-Id-j-5)

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    Aimee Lasaca
    This document provides guidance for students participating in a business enterprise simulation. It outlines an activity sheet for developing a strategic plan in the third quarter. The strategic plan involves preparing a vision, mission, goals and objectives. It also includes performing environmental analyses of the macroenvironment, microenvironment, and a SWOT analysis to develop appropriate strategies. The document provides examples and guidance for developing vision and mission statements, as well as goals and objectives that are specific, measurable, attainable, realistic, and time-bound. Students are asked to complete activities providing details of their enterprise, including products/services, target market, and location. They also develop the components of their strategic plan.

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    And Focusing On The Appropriate Competition Strategy (ABM - BES12-Id-j-5)

    Uploaded by

    Aimee Lasaca
    245 views7 pages
    This document provides guidance for students participating in a business enterprise simulation. It outlines an activity sheet for developing a strategic plan in the third quarter. The strategic plan involves preparing a vision, mission, goals and objectives. It also includes performing environmental analyses of the macroenvironment, microenvironment, and a SWOT analysis to develop appropriate strategies. The document provides examples and guidance for developing vision and mission statements, as well as goals and objectives that are specific, measurable, attainable, realistic, and time-bound. Students are asked to complete activities providing details of their enterprise, including products/services, target market, and location. They also develop the components of their strategic plan.

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    Business enterprise simulation

    Original Title

    5-strategic-plan

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    This document provides guidance for students participating in a business enterprise simulation. It outlines an activity sheet for developing a strategic plan in the third quarter. The strategic plan involves preparing a vision, mission, goals and objectives. It also includes performing environmental analyses of the macroenvironment, microenvironment, and a SWOT analysis to develop appropriate strategies. The document provides examples and guidance for developing vision and mission statements, as well as goals and objectives that are specific, measurable, attainable, realistic, and time-bound. Students are asked to complete activities providing details of their enterprise, including products/services, target market, and location. They also develop the components of their strategic plan.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    245 views7 pages

    And Focusing On The Appropriate Competition Strategy (ABM - BES12-Id-j-5)

    Uploaded by

    Aimee Lasaca
    This document provides guidance for students participating in a business enterprise simulation. It outlines an activity sheet for developing a strategic plan in the third quarter. The strategic plan involves preparing a vision, mission, goals and objectives. It also includes performing environmental analyses of the macroenvironment, microenvironment, and a SWOT analysis to develop appropriate strategies. The document provides examples and guidance for developing vision and mission statements, as well as goals and objectives that are specific, measurable, attainable, realistic, and time-bound. Students are asked to complete activities providing details of their enterprise, including products/services, target market, and location. They also develop the components of their strategic plan.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    ACTIVITY SHEET IN BUSINESS ENTERPRISE SIMULATION

    Third Quarter

    Name: __________________________ Grade Level and Section: ________


    School: _________________________ Date: ________________________
    Teacher: _____________________ Score: _______________________

    I. Title: Strategic Plan

    II. Learning Competency: prepare a strategic plan outlining the competitive environment
    and focusing on the appropriate competition strategy (ABM_BES12-Id-j-5)

    III. Discussions

    Background of the Enterprise

    Recent statistics from the Philippine Statistical Authority shoe favorable growth
    rates for the service sectors. It is apparent that most ‘start-ups’ decide to invest
    in these sectors because of their economic contribution and growth rates.

    The business Enterprise Simulation course permits the learner-entrepreneur to


    practice the observance of business ethics, through safe and inexpensive
    products and services for customers, decent wages for employees, realistic
    returns for investors and owners, and decent transactions with suppliers.

    Strategic Planning

    A start-up enterprises typically engages in strategic planning. The output for


    strategic planning is as follows:
    1. Vision, mission, goals and objectives
    2. Environmental analysis
    A. Macroenvironment: PEST
    B. Microenvironment: Porter Model
    C. SWOT analysis
    D. Strategy formulation

    The term vision is often explained to answer the question, “Where do we want
    to go?” A vision statement is, therefore, an affirmation of what the enterprise
    wants to become.

    A mission statement is a declaration of the purpose of the organization, and


    often defines the scope of its operations in product, market, and service terms.
    It is helpful to answer the following questions in formulating the mission
    statement:
    1. What business are we in or what business do we want to be in?
    2. What customer needs are we satisfying and how do we intend to satisfy them?
    3. What type of work environment do we intend to provide for our employees?
    4. Who are our shareholders and what do we expect in terms of returns on investment
    (ROI)?
    5. What is our community and what do we expect to contribute to the external
    community?

    Goals are shorter-term directions, often stated in specific metrics, such as


    geographic, periodic, and other numerical terms. Goals allow organizations to be
    directed toward specific sites or locations, over stated periods of time, and with
    fixed profits or sales growth. An example of a goal statement is ‘to earn
    maximum profits.’

    Objectives are specific targets set by entrepreneurs to direct them into achieving
    their goals.

    One goal may have more than one objective designed to achieve it.

    It is helpful for the enterprise groups to be SMART: make the vision, mission,
    and goal statements specific, measurable, attainable, realistic, and time-bound.
    Goals or objectives may be limited to
    1. Marketing objectives, such as sales volume and value targets for the period covered;
    2. Financial objectives, such as gross or net profit percentages, as drawn from the
    projected financial statements;
    3. Management objectives, such as enterprise type choice and completion of business
    registration requirements;
    4. Internal Objectives, such as expected learning from the business simulation; and
    5. Customer objectives, with surveys from clients for product or service improvement,
    or other pertinent customer satisfaction comments.

    IV. Activities

    Simulation Activity 2: Background of the Enterprise

    1. What is your product or service idea?


    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    2. What are your reasons for choosing the product or service?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    3. Under what economic sector does your product or service belong?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    4. Do you have economic indicator or statistics on the chosen sector?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    5. Where is the location of your enterprise?
    _______________________________________________________________________
    _______________________________________________________________________
    6. Is your target market in the same location as your enterprises?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    7. Do you do demographic data on your target market? What are these data?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    Simulation Activity 3: Strategic Planning

    1. What is your mission statement?


    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    2. Goals
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    3. Strategies
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    4. What are your management objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    5. What are your marketing objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    6. What are your operations objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    7. What are your finance objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    8. What are your customer objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    9. What are your internal objectives?
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    Simulation Activity 4: Environmental Analysis

    Instructions: Based on the business idea you have identified make a SWOT analysis in
    order to assess the strength, weaknesses, opportunities and threats of your product.

    STRENGTH WEAKNESSES
    OPPORTUNITIES THREATS

    V. Closures
    At the end of the chapter, write two or three sentences to complete the following:

    I realized that:
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    ______________________________________________________________________-
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________

    I resolved that:

    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________
    _______________________________________________________________________

    VI. References

    Victoria Garalde-Orjalo, Erlinda C. Pefianco, ED.D: Business Enterprise Simulation:


    Business Incubation and ABM Integration

    Prepared by:
    ________________________
    Subject Teacher

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