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Title:: Cap B Section:BAAC2 C
Title:: Cap B Section:BAAC2 C
Section:BAAC2
Group Leader: Alce, Riza Mae G C
Members:
1 Cañezal, EdwinJr T.
2 Garcia, Rose Lyn
3 Maglinte, Mary Joy
4 Suarez, Bea Angelica
TITLE: Just Do It
COMMENTS:
Just Do It
A pleasant morning everyone, as you all have witnessed, I just grab a Grab and I apologize for
not being on time. Look at my hair, it is flicking everywhere. It feels the stress I am feeling right now. It
all began when my car stopped for no reason nearby FCM with me being oblivious of what is happening,
which made the traffic even heavier as expected during Tuesday mornings. Even though I’m late, I’m still
a hardworking citizen of the Republic of the Philippines who pay taxes and don’t evade it, I opened my
Grab App and searched for the nearest driver available just for me to overcome this situation. While on
our way, I’m a bit uncomfortable of the driver looking at me like I know I’m pretty but why does it look
like he’s judging me down to my soul? Then the silence broke out when he finally asked me, “Kasi mam
nagtataka ako kung bakit nagcocommute yung CEO ng Grab, wala po ba kayong assakyan mam?” then
took me a minute to get me back on my senses, oh, by the way I am Riza Mae Alce the CEO of Grab
Philippines.
Futtaim Group – Retail,“We are well-known to be hardworking, with the ability to work well with others,
whatever be the race, ethnicity or gender orientation.” We thought that there is no limitation with our
fellowmen’s ability, especially in adapting things, but sadly there is, the resources that every individual
acquires is being suppressed by some of those who are in the summit of success, especially the abusive
ones. I know everyone knows this phrase, “Ang mayaman ay mas lalong yumayaman at ang mahirap ay
mas lalong humihirap.” Which utters how our society works. There are various opportunities that can
and must be given to everyone but is being cut down and only on those who have power and riches
benefit. Actually, the opportunity is already in your hands by opening your phone, proceeding to the
transportation and fintech (financial technology) platform. It solves critical transportation challenges and
makes transport freedom reality for 620 million people in Southeast Asia, according to Craig (2019).
People only know some of its various services that Grab offers: first, is the most common in terms of
transportation which are the GrabTaxi, GrabCar and GrabBike; second, speaking of sharing a ride there
are GrabShare, GrabHitch, GrabShuttle that will provide; third, in the field of financing which includes
the Grab Financial and Grab Pay; and lastly, it also has an online healthcare service with the help of
GrabHealth. This platform aims to provide the safest transportation, make it accessible for everyone,
help their partners improve their lifestyle and bring Southeast Asia to the digital economy.
Grab’s style of business is way too different from other transportation businesses because they
do not own any vehicle used in their operations when entered in the Philippines. According to Valdez
(2018), our country was not used of their new approach to the transportation business that results their
operation to grow the slowest in terms of development in Southeast Asia due to the halt ordered by the
government. With the halt, losses are expected and are forecasted by the end of the year and still not
expecting to earn income any time sooner. It had not made any net income for the past years since
when it entered the Philippines because of these losses, the Grab Philippines is dependent on its
headquarters to fund its operation. The same how Amazon experienced, from a decade of net loss until
it finally gains profit and changes people’s view. As Mr. Brian Cu, the president of Grab Philippines, “It is
not the right time. We are still building our foundation” With all the tragic happenings, there is nothing
to worry because it does not indicate Grab’s end yet is only an obstacle like every successful business
faces.
That expected result in the future is still not a guarantee to happen, so we should keep on
looking for new ideas and services that we can still offer not just for us to improve our financial standing
but also for us to satisfy the needs and wants of our customers. They are planning to diversify, to
connect different aspects of business in one to create its own ecosystem. Just what Alibaba Group did.
We cannot just stop developing and innovating just because we are not gaining, but because we believe
that there are people who believe that our services can give them a good life.
It all started in the year 2012 when he confessed his feelings ... to my friend, just kidding! But it
was the same year when Grab started which was founded by Anthony Tan and Tan Hooi Ling in
Malaysia. At first, it was just a mere taxi app and named MyTeksi and on July 10 in the same year, it was
announced that they will start to offer lifestyle service in partnership with other consumer businesses
for it to create its own ecosystem. With its new open platform, it allows partners to access its user
database, mapping system, logistics, and other resources. Its first new service is online grocery
shopping. Since it was developed by Malaysians, so they want to focus on the Southeast Asian markets.
The growth is way too rapid due to the region’s underdeveloped public transportation systems. Finally,
they are already operating in different 8 countries. On the year 2018, they just acquired and became the
victor of 5 years of fierce competition with Uber Technologies. That result for their dominance in the
region and sped up growth. Diversification is the answer. So in the year 2016, Grab started exploring
food deliveries and mobile payments. The Grab continues to raise funds to invest in technology. They
now have 6 research and development centers. Tan now is claiming that Grab will become the
“everyday superapp”.
Do you know the feeling of how hard is it to have a handsome crush? It feels like you want to
sing Narda “Kung kaagaw ko ang lahat. May pagasa bang makilalaka.” There are so many competitors.
That you are going to compete with, hovering around your assumed baby. It is the same with Grab. The
chance to have competitors within this market is way too possible since the medium that they are using
can be accessed by anyone. According to an article “Grab Competitors In the Philippines, Now Available
On Google Play Store And Apple App Store”, that there are five companies that deliver services that are
more or less similar to that of Grab Ride-Hailing Platform,that the LTFRB accredited for the year 2018.
These five are OWTO, GoLag, HirNa, MiCab, and Hype, which are all unique in their own ways. OWTO is
particularly proud of its security system, which guarantees quick action and investigation for every
complaint filed by a rider, GoLag short for "Go Laguna" - currently serves riders in Mega Manila and
promises lower rates, HirNa is based in Davao but has plans to expand across the country, MiCab, which
doesn't impose price surges, has 10,000 cabs spread in key cities around the Philippines, Hype is
supposedly a lot like Grab but it also offers the option to hail a ride via SMS. Increased competition and
regulatory hurdles, however, mean that moving forward has been far from easy. Tan is confident the
company can meet the challenges head-on. That this platform is already used for competition. We
Grab did not experience that smooth sailing journey, but they head- on a really rough road,
which they think will be worthy to fight for. Lacking in resources, common sense mistakes and not
meeting the ideal standards do not mean failures. Never let these difficulties demotivate you from
achieving your goal. You can be successful by how: always remember that hard work will always pay off;
just stick to your vision; try to challenge your environment by exploring it tough yet in a careful way;
think outside the box which could lead us having lots of possibilities; acquiring the trait of optimism in
times of struggles; not letting your idea stay as an idea; and trying to create or make it by means of
NAME ROLE
(2018, May 04). Grab Competitors In The Philippines, Now Available On Google Play Store And Apple App
Store. Retrieved from https://www.techpinas.com/2018/05/grab-competitors-in-philippines-
now.html.
(2019, November 14).UAE National Day weekend: Last-minute travel ideas for the holidays. Retrieved
fromhttps://gulfnews.com/travel/destinations/uae-national-day-weekend-last-minute-travel-
ideas-for-the-holidays-1.67803041.
(2018, July 16). Grab says Philippine business is slowest growing in the region. Retrieved from
https://www.bworldonline.com/grab-says-philippine-business-is-slowest-growing-in-the-
region/?fbclid=IwAR2VVe-y9iv3wUxfbFgIuozsXHnEW0yqJt9_XDgtSQIMsV4CBUv1vC9DYo4
(2019,October 29). 30 Interesting Grab Facts and Statistics (2019)| By the Numbers. Retrieved from
https://expandedramblings.com/index.php/grab-facts-statistics/ .
Kentaro, Iwamoto. (2018, July 27). Grab aims to stay on top with evolution into 'everyday superapp'.
Retrieved from https://asia.nikkei.com/Business/Company-in-focus/Grab-aims-to-stay-on-top-
with-evolution-into-everyday-superapp?
fbclid=IwAR2yXHBcHuV1VwPlhnbRv9U824oXXTGbKoF0YsZlgG-a3YoXUHe-Wj1hYNM
Marasigan, Lorenz. (2018, June 5). Grab sees losses reaching P7.5B in 2020. Retrieved from
https://businessmirror.com.ph/2018/06/05/grab-sees-losses-reaching-p7-5b-in-2020/?
fbclid=IwAR31SJS-0DdpxwhSMIDPhdL4XDVU5wghUrU2FAAS6-7mYMINgrZqg62jpY0