Jai: Hello Philippines and Hello World. Welcome to Pinoy Big Brother Strategic Management version. (sing kabataang pinoy pagbutihan mo Pag-asa ka ng buong mundo (CATHERIINNEE ANO BA?) Kabataang pinoy kayang kaya mo Pinoy ako pinoy tayo! SABAY SABAY!) (nasa slide ng pbb strat man) Bago nating tuluyang buksan ang bahay ni kuya, malugod ko munang ipapakila ang naggwagwapuhan at nagagandang teen housemate ni kuya! (nasa slide ng bahay) Simulan natin sa LOOKING FOR SUGAR MOMMY NG MINDORO KAIEL LOPEZ!!! KAIEL: WOOOOT GOODMORNING! SHEEESH! MONEEEY! ANG SUSUNOD NAMAN AY WALANG IBA KUNDI ANG BEBE BOY NG BATANGAS VRYAN MACATANGAY VVVRYAN: GOODMORNING! TARA STARBUCKS! PST 5000. MALUGOD NAMAN NATING SALUBUNGIN ANG LUTANG BABY GIRL NG BATANGAS KARINA FAYE MAGNAYE KARINA: HA? ANO RAW? GOODMORNING! NARITO NAMAN ANG BANDIS-TRIAL CARD NG BATANGAS KEITH MAGSINO KEITH: GOODMORNINGG! ROCK N ROLL!!! AT BIGYAN NG MASIGABONG PALAKPAKAN SA HULI NATENG TEEN HOUSEMATE ANG CUTE SASSA GURL NG BATANGAS JAIRINE MANALO JAI: GOODMORNINGGG MIMA SASSA IS ON YOUR WAYY! HMM KABOOOG! AT NGAYONG NAPAKILALA NA NATIN ANG LAHAT NG TEEN HOUSEMATES AY TAWAGIN NA NATIN SI KUYA PARA SA UNANG TASK NA GAGAWIN NINYONG LAHAT! READY NA BA ANG ATING MGA AUDIENCE? KUYAA? VVRYAN: SALAMAT OTIN G! MAGANDANG UMAGA TEEN HOUSEMATE AT AUDIENCE! MALIGAYANG PAGDATING SA AKING BAHAY! SA UNANG TASK NA INYONG GAGAWIN AY NARITO ANG RECAP PARA SA BASIC CONCEPT NG STRATEGIC MANAGEMENT! DITO AY MAKIKITA KUNG TUNAY NGA BANG MAY NATUTUNAN SA MGA HULING TALAKAYIN SA SUBJECT! HALINAAA AT PAGULUHIN ANG WHEEL OF NAMES!!! Roleta muna bago tanong SA UNANG KATANUNGAN (BASA NA LANG) PAG TAMA: YOU ARE SAVE TODAAAAY tas name nung sumagot PAG MALI: YOU ARE EVICTED FOR TODAY AHHAHAHAHA TAPOS NA: MALIGAYA KONG INAANUNSYO NA NAPAGTAGUMPAYAN NINYO ANG UNANG TASK KO! MARAMING SALAMAT AT SISISMULAN NA NATIN ANG TALAKAYAN! SIMULAN MO LOOKING FOR SUGAR MOMMY NG MINDORO KAIEL LOPEZ KAIEL: SALAMAT KUYAA SHEEESH! CHUCHUCHCU PARA SA SUSUNOD NA TALAKAYIN NARITO ANG BEBE BOY NG BATANGAS VRYAN VRYAN: GOODMORNING! PST 5000! CHUCHUCHCU ATIN NAMANG PAKINGGAN ANG LUTANG BABY GIRL NG BATS KARINA KARINA: HA? HATDOG GOODMORNING GAIZ! CHUCHUC Gaiz nandito naman ang BANDIS-TRIAL CARD NG BATANGAS KEITH MAGSINO Ako lang to gaiz ang di sineseryoso Rock n roll! Chuchu Narito na ang ANG CUTE SASSA GURL NG BATANGAS JAIRINE MANALO Hellooo mga nakshit!! Narito na ang mima sassa nyoo! Sassa gurl: So kuyaa ano pa ba paganap mo? Ikaw ha dami mo pasaboggg! Ilabas mo na yaaan! Kaiel: eto na nga mima sassa! Para sa huling task ko ay narito pa rin ang wheel of names natin! Wag kayo masyado kabahan audience kung talagang kayo ay nakinig ay masasagot nyo ang katanungan at matatagumpayan nyo ang aking task! Handa na ba audienceee? Goodluck! Para sa aking huling task ito ang assessment time! Roleta muna bago tanong SA UNANG KATANUNGAN (BASA NA LANG) PAG TAMA: YOU ARE SAVE TODAAAAY tas name nung sumagot PAG MALI: YOU ARE EVICTED FOR TODAY AHHAHAHAHA TAPOS NA: MALIGAYA KONG INAANUNSYO NA NAPAGTAGUMPAYAN NINYO ANG HULING TASK KO! MARAMING SALAMAT AT NAWA AY MAY NATUTUNAN KAYO SA EPISODE NA ITO! OTINN G? JAI: SALAMAT KUYAAA! AT DITO NA NAGTATAPOS ANG ATING PINOY BIG BROTHER STRATEGIC MANAGEMENT VERSION! SEE YOUU PAUL!! IMISSYOUU SEVI! *SING PINOY AKO, PINOY TAYO SABAAAY SABAY! Narito na ang ANG CUTE SASSA GURL NG BATANGAS JAIRINE MANALO Hellooo mga nakshit!! Narito na ang mima sassa nyoo! So now, we are in the period of 1990s to 2000s when the Sustainable competitive advantage is the dominant theme. When we say sustainable competitive advantage, it is a set of assets, characteristics, or capabilities that allow an organization to meet its customer needs better than its competition can. Sustainable competitive advantages are difficult to duplicate or replicate. Sustainable competitive advantages answer the question, “What are we best at in our market?” The answer creates a set of 2-3 long-term, unique strengths that a customer values. Your competitive advantage is what you, your company, or your department does better than anyone else. The sustainable part refers to your ability to continue doing those things long-term. And yes, you can have more than one advantage, and you can also develop advantages. However, you don’t have to possess them all now. Next key point is Strategic alliances ruled strategic management. A strategic alliance is any partnership between two brands that have a shared goal and target audience. A strategic alliance is a clearly defined partnership between two businesses with shared goals. In these business relationships, each company stays independent, while pooling resources together to reach new markets, strengthen both of their brands, increase market share, and get results they might not be able to see on their own. (Affinity marketing strategies and co-branding new products or services are two major examples of strategic alliances.) The best strategic alliances are ones that offer clear benefits to the audiences of both brands. When a partnership appeals to both audiences, then the two businesses are able to expand their reach and generate more sales. It’s a win-win strategy! Example is the Uber and Spotify Uber’s partnership with Spotify lets Uber riders easily stream their Spotify playlists whenever they take a ride. This makes the Uber experience feel more personalized, and encourages Uber riders to subscribe to Spotify Premium (for more control of their tunes both inside and outside Uber). Uber’s rivals don’t have a similar personalized music experience, so this gives the rideshare giant a competitive advantage over Lyft and other similar services. And since not all Uber riders have Spotify, and not all Spotify users ride with Uber, both brands gain access to new, broad audiences in this business alliance. The last key point for 1990s – 2000s is Strategic innovation and survival with cooperation were chief characteristics during this stage and the best example here is the launch of Amazon by founder Jeff Bezos last 1995. Many consumers today take web-based shopping for granted, but this channel for commerce was created less than two decades ago. The 1995 launch of Amazon by founder Jeff Bezos was perhaps the pivotal event in creating Internet-based commerce. In pursuit of its vision “to be earth’s most customer-centric company,” Amazon has diversified far beyond its original focus on selling books and has evolved into a dominant retailer. And now lets move on to the period of 2000s – 2010s when Volatile business environment characterized by recession, occasional disturbances in financial sector, and financial meltdown throughout the world. Ethics have long been an important issue within the strategic management field. Attention to the need for executives to act ethically when creating strategies increased dramatically in the early 2000s when a series of companies such as Bre-X and Enron Corporation were found to have grossly exaggerated the strength of their performance. After a series of revelations about fraud and corruption, investors in these firms and others lost billions of dollars, tens of thousands of jobs were lost, and some executives were sent to prison. Next key point is the Emergence of Third World economies paved away for new strategies When we say third world "Third World" is an outdated and derogatory phrase that has been used historically to describe a class of economically developing nations. It is part of a four-part segmentation that was used to describe the world’s economies by economic status. Third World falls behind First World and Second World but was ahead of Fourth World, though Fourth-World countries were hardly recognized at all. Today, the preferred terminology is a developing nation, an underdeveloped country, or a low- and middle-income country (LMIC). Or we can say that A Third World country is an outdated and offensive term for a developing nation characterized by a population with low and middle incomes, and other socio-economic indicators. And in this period third world began to develop by Finding new and unexplored international markets and outsourcing to cut down growing overheads. Third World are closely watched by the International Monetary Fund (IMF) and the World Bank and the world trade organizations, which seek to provide global aid for the purposes of projects that help to improve infrastructure and economic systems comprehensively.1 Both organizations refer to these countries as lower-middle or low-income countries. Third world, can be the target of many investors seeking to identify potentially high returns through possible growth opportunities, though risks are also relatively higher. While developing countries are generally characterized as performing poorer economically, innovative and industrial breakthroughs can lead to substantial improvements in a short amount of time. Another new strategy of third world is the outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing allows you the time and resources necessary for focusing on other aspects of the company, while still providing customers with high quality service they expect from their favorite brands. Even with all the pros, a major reason for the practice of outsourcing is is to run a successful business model. It’s safe to say that we all know Google – the world’s number one search engine. Google is an American multinational technology company, which has gained various acquisitions and expanded to offer different services over the years. It is one of the biggest US companies that outsource their operations to the Philippines. Google is the world’s most visited website due to its impressive knowledge system and accessibility. However, this is not because of the firm’s in-house staff. In fact, Bloomberg reported that 2018 is the first year that Google’s outsourced employees outnumbered their direct hires. How they outsource Google outsources various roles in the Philippines, ranging from IT services providers to analytical consultants. Google’s Manila office is highly responsible for the firm’s success, especially in the Asia-Pacific region. However, success to most organizations was short lived and companies resort to both proactive and reactive strategies to survive and maintained sustained competitive advantage. Looking to the future, it appears likely that strategic management will prove to be more important than ever. In response, researchers who are interested in strategic management will work to build additional knowledge about how organizations can maximize their performance. Executives will need to keep track of the latest scientific findings. Meanwhile, they also must leverage the insights that history offers on how to be successful while trying to avoid history’s mistakes. Sassa gurl: So kuyaa ano pa ba paganap mo? Ikaw ha dami mo pasaboggg! Ilabas mo na yaaan!