Business Commons^™

Bringing About Fullness Of Life With Care And Compassion: Learnings From The Social Enterprise Of The Good Shepherd Sisters, Julius B. Lunar

Center for Business Research and Development

One of the principles of the Church’s social teachings is integral human development. In his encyclical, Populorum Progressio, Pope Paul VI stated that “authentic human development is the development of the whole human being and of all human beings.” The importance of individuals as human beings is also rooted in the conviction of St. Mary Euphrasia Pelletier, foundress of the Good Shepherd Sisters, who kept reminding her daughters that “a person is of more value than the whole world.”

The Integral Human Development Approach guides the business model of the Mountain Maid Training Center (MMTC) in Baguio, which is a …

Can You Really Understand Financial Statements?, Alloysius Joshua Paril

Center for Business Research and Development

Financial statements are an interesting species, if I may say. In those several pages, an entire picture of an entity is painted, at least in the financial aspect. As almost everyone knows, financial statements give us an idea of a company’s performance during a particular period and condition as of a specific date. These documents are able to summarize everything that happened to a company during a 12-month period—probably more efficient than any document could.

Needless to say, these documents enable its users to decide on what to do with respect to that company. Investors take a look at financial …

Entrepreneurship For All?, Paulynne Castillo

Angelo King Institute for Economic and Business Studies (AKI)

No abstract provided.

What It Takes To Be A Successful Entrepreneur In The Philippines, Mitzie Irene P. Conchada

Angelo King Institute for Economic and Business Studies (AKI)

For a developing country such as the Philippines, entrepreneurial activities play an important role in providing alternative sources of income. As of 2012, there were 940,886 registered micro, small, and medium enterprises (MSMEs) in the Philippines (99.6% of the total establishments), majority of which are in the retail and wholesale industry. The Global Entrepreneurship Monitor (GEM) 2014 survey also reflects that most of the types of businesses are in the retail industry, particularly retail sales of food and beverage items and other basic essentials. This is reflected in the vast number of sari-sari stores or retail stores and food stalls …

Artificial Intelligence And Its Potential Adverse Impacts On The Philippine Economy, Krista Danielle Yu, Caesar Cororaton, Joel P. Ilao, Charibeth K. Cheng, Kathleen Aviso, Christina D. Cayamanda, Michael Angelo B. Promentilla, Ringgold P. Atienza, Roman Julio B. Infante, Raymond R. Tan

Angelo King Institute for Economic and Business Studies (AKI)

Recent developments in artificial intelligence (AI) and deep learning techniques are expected to reshape the nature of the working environment in many economic sectors through the automation of many white collar jobs. This technological breakthrough poses threats of job obsolescence in several industries, particularly for a labor abundant country such as the Philippines. With human capital as one of its largest resources, the services sector is a major contributor to the country’s economy, contributing around 60% of the total gross domestic product and employing about 22.8 million workers (Philippine Statistics Authority, 2017).