Answered: Requirement: Prepare your best business…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

A famous manufacturing company provides Jobs for many people in Negros Oriental where employment is not easy to find. The company decided to open up in a small town for the reason that it could find cheaper workers there and workers tend to be loyal to the company due to the Jobs It provides. The company's vision is to provide the people on Negros the quality home products to improve the life of each Negrense. But the town has developed a reputation in which Padrino system and corruption is practiced. Since the manufacturing company is famous, as one of the leading companies in the field, they will tend adapt to the current environment and generate ways to improve their current situation using different business practices. Requirement: Prepare your best business practices guided by classical philosophies, bellef system and Filipino values as explained in the discussion that can be applicable in the current business situation.

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