STRAMA

• Vision: A University for Humanity characterized by productive scholarship, transformative leadership, collaborative service and distinctive character for sustainable societies
• BU Quality Policy: 'Bicol University commits to continually strive for excellence in instruction, research and extension by meeting the highest level of clientele satisfaction and adhering to quality standards and applicable statutory and regulatory requirements'
• BU Core Values

  • Scholarship
  • Leadership
  • Character
  • Service
• MODULE I

  In this module you will learn about the following topics: Fundamentals of Strategic Planning, Strategic Management, and Strategic Leadership. By the end of the module, students are expected to explain the basic concepts of strategic planning, strategic management, and strategic leadership; understand and explain the four ways of effective strategizing; describe and explain the strategic planning process
• Strategic Planning and Management are essential components of businesses in the fast-changing world we live and work in
• Strategic Planning and Management deal with how firms can achieve sustained competitive advantage and translate it into superior financial performance
• Strategic Planning And Management – Definitions And Features

  Planning comes ahead of management. Strategic Planning involves creating a strategic plan and a strategy map
• Planning is essential for organizations to avoid chaos
• Strategic Planning is defined as the process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy
• Strategic Planning

  • Organizational management activity used to set priorities, focus energy and resources, strengthen operations, ensure common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing environment
• Strategic Planning is a disciplined effort that produces fundamental decisions and actions shaping and guiding what an organization is, who it serves, what it does, and why it does it, with a focus on the future
• Strategic Planning


  Documenting and establishing a direction of a business by assessing both where it is and where it’s going
• Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will know if it is successful
• Strategic Plan

  • Document used to communicate the organization's goals, the actions needed to achieve those goals, and all critical elements developed during the planning exercise
• A strategic plan records mission, vision, values, long-term goals, and action plans to reach them
• A well-written strategic plan can play a pivotal role in a small business’s growth and success by guiding responses to opportunities and challenges
• Strategy Map

  • Simple graphic showing a logical, cause-and-effect connection between strategic objectives, used to communicate how value is created by the organization
• Strategy mapping can vastly improve any strategy communication effort and help employees understand their contribution to the organization’s objectives
• Most people are visual learners, so a picture of the strategy will be understood by many more employees than a written narrative
• The process of developing a strategy map forces the team to agree on what they are trying to accomplish in simple, easy-to-understand terms
• With a well-designed strategy map, every employee can see how they contribute to the achievement of the organization’s objectives
• Strategic Management

  • Formulation and implementation of goals and initiatives involved in the strategies laid out by the stakeholders of an organization
• Strategic Management ensures wise decision-making processes by having strategies in place to support business functions and operations
• Strategic Management is based on an organization's clear understanding of its mission, vision for the future, and the values guiding its actions
• Strategic planning involves setting short- and long-term goals, planning strategic decisions, activities, and resource allocation needed to achieve those goals
• Having a defined process for managing an institution's strategies helps organizations make logical decisions and develop new goals quickly to keep pace with evolving technology and market
• Strategic planning


  The planning of strategic decisions, activities, and resource allocation needed to achieve goals
• Defined process for managing an institution's strategies

  • Helps organizations make logical decisions and develop new goals quickly to keep pace with evolving technology, market, and business conditions
• Strategic management


  • Can help an organization gain competitive advantage, improve market share, and plan for its future
• Strategic Management refers to the strategic use of a business's resources to reach company goals and objectives
• Strategic management


  Should guide top-level actions and decisions
• Companies of all sizes and in all industries can benefit from the practice of strategic management
• Strategic planning


  Refers to the identification of achievable goals
• Strategic thinking


  The ability to identify the needs of the organization to achieve the goals identified through strategic planning
• Strategic Management


  Entails evaluating business goals, the organization’s vision and objectives, as well as the future plans
• Strategic management process


  Is employed to ensure that the business runs effectively and efficiently
• Communicating the strategy internally and externally

  Is crucial for success, for both staff and the organization to understand the purpose and direction, along with external parties understanding what the organization stands for
• Strategic business management includes innovative thinking, a strategic planning process, and operational strategizing
• For a business strategy to be successful, customers’ opinions, employees’ contribution, and the industry’s best practices need to be taken into account
• Encouraging strategic business management involves incorporating a lot of planning into board meetings, having trustees with valued and varied experience, and carefully considering the impacts of decisions on each business function within the organization