Podcast
Questions and Answers
When evaluating the ease of 'Dealing with construction permits' in the Philippines, which factors are primarily considered?
When evaluating the ease of 'Dealing with construction permits' in the Philippines, which factors are primarily considered?
- The procedures, time, and cost to complete all the requirements to build a warehouse, along with the quality control and safety mechanisms. (correct)
- The time and cost to acquire land for construction purposes.
- The environmental impact assessment procedures and compliance costs.
- The availability of skilled construction laborers and their respective wages.
In the context of 'Getting electricity' for businesses in the Philippines, what are the key elements assessed by the Doing Business indicators?
In the context of 'Getting electricity' for businesses in the Philippines, what are the key elements assessed by the Doing Business indicators?
- The level of competition among electricity providers and the resulting impact on electricity prices.
- The availability of renewable energy sources and government incentives for their utilization.
- The procedures, time, and cost to get connected to the electrical grid, the reliability of the electricity supply, and the transparency of tariffs. (correct)
- The number of power outages per year and their average duration.
Which features of the Filipino culture and character could be seen as weaknesses in a business context?
Which features of the Filipino culture and character could be seen as weaknesses in a business context?
- Extreme personalism and a Colonial Mentality (correct)
- Pakikipagkapwa-Tao and Family Orientation
- Hard work, industry, faith, and religiosity.
- Joy and humor, flexibility, adaptability and creativity.
Which aspect related to ethical standards presents a challenge for large businesses operating in the Philippines?
Which aspect related to ethical standards presents a challenge for large businesses operating in the Philippines?
Which of the following illustrates the Filipino characteristic of lacking self-analysis and self-reflection in problem-solving?
Which of the following illustrates the Filipino characteristic of lacking self-analysis and self-reflection in problem-solving?
In the Filipino way of looking at ethics, which of the following contrasts highlights a potential conflict in decision-making?
In the Filipino way of looking at ethics, which of the following contrasts highlights a potential conflict in decision-making?
Which of the following is indicative of the 'Ningas Cogon' trait in Filipino transactions?
Which of the following is indicative of the 'Ningas Cogon' trait in Filipino transactions?
What is a key challenge related to corporate governance in the Philippines?
What is a key challenge related to corporate governance in the Philippines?
Which aspect contributes significantly to the difficulties in objectivity observed in Filipino transactions?
Which aspect contributes significantly to the difficulties in objectivity observed in Filipino transactions?
Why do Filipino institutions lack the ability to implement rules effectively?
Why do Filipino institutions lack the ability to implement rules effectively?
How may a loyalty to a clan negatively impact a business?
How may a loyalty to a clan negatively impact a business?
In which area does the Philippines need to improve for more efficient business?
In which area does the Philippines need to improve for more efficient business?
When starting a business, what details are taken into account?
When starting a business, what details are taken into account?
Of the following options, which is a type of bank in the Philippines?
Of the following options, which is a type of bank in the Philippines?
What is the primary job of the Central Bank of the Philippines?
What is the primary job of the Central Bank of the Philippines?
Which quality would hinder the ability of Filipino business owners?
Which quality would hinder the ability of Filipino business owners?
How does the Philippines' legal system further emphasize norms?
How does the Philippines' legal system further emphasize norms?
What is the goal of offshore banking units?
What is the goal of offshore banking units?
What is lacking in business transactions in the Philippines?
What is lacking in business transactions in the Philippines?
What issue can arise from paternalism in Filipino business transactions?
What issue can arise from paternalism in Filipino business transactions?
Flashcards
Starting a business (Philippines)
Starting a business (Philippines)
The procedures, time, cost, and minimum capital required to start a limited liability company.
Dealing with construction permits (Philippines)
Dealing with construction permits (Philippines)
The steps, timeframe, and expenses involved in finishing all required procedures to construct a warehouse. Includes safety and quality control.
Getting electricity (Philippines)
Getting electricity (Philippines)
The steps, timeframe, and cost to connect to the electrical grid, including reliability and transparency of tariffs.
Registering Property (Philippines)
Registering Property (Philippines)
Signup and view all the flashcards
Business in the Philippines
Business in the Philippines
Signup and view all the flashcards
Personal Transactions
Personal Transactions
Signup and view all the flashcards
Paternalistic Business
Paternalistic Business
Signup and view all the flashcards
Self-Analysis Weakness
Self-Analysis Weakness
Signup and view all the flashcards
Emphasis on Form
Emphasis on Form
Signup and view all the flashcards
What are the strengths of the Filipino character?
What are the strengths of the Filipino character?
Signup and view all the flashcards
Study Notes
- Module 4 focuses on understanding how to conduct business in the Philippines, analyzing the Filipino way of doing business, and comparing the Philippines' ranking against other countries in the ease of doing business.
Economy Profile of Philippines (Doing Business 2020 Indicators):
- Starting a business considers procedures, time, cost, and paid-in minimum capital.
- Dealing with construction permits involves procedures, time, and cost to complete all formalities to build a warehouse, plus quality control and safety mechanisms.
- Getting electricity includes procedures, time, and cost to connect to the electrical grid, reliability of supply, and tariff transparency.
- Registering property looks at procedures, time, and cost to transfer a property, and the quality of land administration.
- Getting credit assesses movable collateral laws and credit information systems.
- Protecting minority investors examines minority shareholders' rights in related-party transactions and corporate governance.
- Paying taxes considers payments, time, total tax, and contribution rate for compliance with tax regulations and postfiling processes.
- Trading across borders looks at the time and cost to export comparative advantage products and import auto parts.
- Enforcing contracts measures time and cost to resolve commercial disputes, and the quality of judicial processes.
- Resolving insolvency involves time, cost, outcome, recovery rate for commercial insolvency, and looks at the legal framework.
- Employing workers considers flexibility in employment regulation and redundancy costs.
Ease of Doing Business in the Philippines:
- There has been a decline in the ease of doing business in the Philippines.
- The ranking was 133 in 2012, improved to 95 in 2020.
Business in the Philippines:
- The financial market is bank-dominated.
- The Central Bank of the Philippines oversees commercial, rural and thrift banks, nonbank financial intermediaries, specialized government banks and the "external" sector.
Ethical Business:
- Focus tends to be on compliance with corporate governance codes rather than building ethical cultures.
- Implementing institutions can be weak.
- Large businesses struggle to balance demands of international regulating bodies and familial, clan-focused Filipino culture.
- Roadblocks to ethical behavior can include corruption, red tape, and costs.
- There’s a prevailing culture of hopelessness and cynicism.
Filipino Transactions:
- There is a strong social capital which can impact objectivity.
- Paternalism: focus on leaders and personalities with a tendency for exception-making.
- Difficulty with details, rules, and policies, often taking shortcuts.
- Difficulty with negative feedback.
- Hardworking when motivated and intuitive, but needs consistency, as opposed to "Ningas Cogon".
Filipino Way of Doing Business:
- Filipinos are articulate and love reports/presentations.
- Must work at reflection, pointed discussions and concrete feedback (Jesuit Daily Examen).
- Loyalty to "Clan" can undermine the greater good, requiring efforts to see the big picture.
- Creativity can be undermined by a lack of fastidiousness and a lack of respect for facts, details and consistency.
Strengths and Weaknesses of the Filipino Character:
- Strengths: Pakikipagkapwa-Tao, family orientation, joy and humor, flexibility, hard work, faith, and ability to survive.
- Weaknesses: Extreme personalism and family centeredness, lack of discipline, passivity, colonial mentality, kanya-kanya syndrome, and lack of self-analysis/reflection.
Lack of Self-Analysis and Self-Reflection:
- There is a tendency to be superficial, with a lack of analysis or reflection when faced with serious problems.
- There is a tendency to joke about serious matters, preventing a deep look at the problem.
- Rather than substance, there is an emphasis on form (maporma).
- The Filipino lack of self-analysis and emphasis on norms is reinforced by the educational and legal systems.
Thoughts on Filipino Ethics:
- Shame vs. guilt considerations.
- Personal vs. Rules considerations.
- Familial/peer loyalty vs. common good/principle are important.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
