1.

If you were to craft, which

among the approaches in
crafting strategies are you
going to utilize and why?

a. Collaborative or Team
Approach
Teamwork is better in crafting a
strategy rather than relying on ones
decision only
Theres a great chancce that best
strategy will be chosen among
variety of strategies
Theres an inflow of vast ideas and
many angles are taken into
consideration among the strategies

 SWOT analysis can be performed

thoroughly
The expertise and experience of the
persons involved will lead to a
greater overall performance of the
entity
Active participation and commitment
of persons within the organization

b. Corporate Intrapreneur Approach

Promotes company innovation and
growth
Increases market share
Ideas are utilized best
Theres a distinguishing trademark of
the company from other entities

2. What are the benefits

that could be derived from
the strategic approach to
management?

 Unity among the departments of the

entity
Serves a guide in decision making