Professional Documents
Culture Documents
By:
Group 3:
Dejumo, Allyzza Larra A.
Silva, Laurence C.
INTRODUCTION
The DTI’s risk management system (RMS) is composed of the risk policy, strategy,
implementation plan, risk register, as well as the implementation and maintenance of the risk
management process. The risk management policy clearly outlines the accountability and
responsibility for risk management (DTI, 2008:2). The risk management strategy is a blueprint for the
manner in which the risk management policy is implemented, in conjunction with defining how risks
will be managed during their life cycle (DTI, 2009:2). The implementation of the DTI’s risk
management policy is facilitated by the risk management strategy. The DTI has articulated that “the
risk management strategy and supporting plan will acknowledge actual and potential threats to the
successful delivery on the DTI mandate and determines the activities required to minimize or
eliminate them” (Joel, 2016:146). Six objectives are embedded in the risk management strategy (Joel,
2016:146): to “clearly identify objectives, roles, and responsibilities for managing risk; reinforce the
importance of risk management as part of the everyday work of the DTI employees; improve
coordination of risk management activities throughout the DTI; improve assurance to senior
management and employees that the DTI’s Risk Management Unit is making every effort to
reduce/eliminate risks of not achieving its objectives; and introduce a structured framework to the risk
management process, through the identification, assessment, evaluation, and monitoring of risk”.
futile and wasteful; however, the highlighted objectives of the risk management strategy facilitate the
achievement of the elements outlined in the risk management policy. The risk management strategy
comprises the force which ensures that the theoretical aspects of risk embodied in the risk
management policy will be applicable in practice. It is crucial that all these objectives are achieved to
facilitate the successful implementation of the risk management policy. The DTI aims to address all
the risks within itself to ensure that no risk hinders the attainment of its objectives.
The Department of Trade and Industry (DTI) is a prime mover of consumer welfare. It is
committed to protecting the rights and interests of the consumers and is also committed to
developing policies and programs aimed at sustaining the growth and development of the Philippine
economy. Besides overseeing the effective implementation and enforcement of trade regulation and
fair trade laws, the DTI provides protection to consumers through consumer education and
information dissemination programs.
Information materials such as Consumer Alerts, Tips, and Advisories are regularly released
and updated. It also provides a mechanism for the speedy resolution of consumer complaints. The
Bureau is currently preparing guidelines to help consumer organizations develop and strengthen.
The Department of Trade and Industry (DTI) is responsible for realizing the country’s goal of
globally competitive and innovative industry and services sector that contribute to inclusive growth
and employment generation.
Pursuant to the Philippine Development Plan (PDP) 2017-2022, we shall endeavor to reduce
inequality and poverty by expanding economic opportunities in industry and services, and by
increasing the access particularly of micro, small and medium enterprises (MSMEs), cooperatives and
overseas Filipinos (OFs) to these opportunities. To attain these sector outcomes by 2022, DTI need to:
DTI commit to effect good governance by delivering public service that is predictable, participatory,
accountable, efficient, transparent and honest.
In the peak of Covid-19 Virus, DTI they experienced a tight supply of some paracetamol
brands, but they announced that the shortage of some paracetamol brands will be temporary. It also
said that the sudden increase in demand is the reason why there are usual levels of inventories in
drugstore. The Department of Trade and Industry (DTI), assured the people that there are supply that
is produced locally and will immediately replenish their stocks in the various drugstore branches.
Other example is, those business owner that they buy expired foods and they will change its
expiration date to look its not expired yet and they will sell it for normal price. It can cause so may
health risk if one individual eats a spoiled food - it can cause food poisoning, worst is death.
According to Department of Trade and Industry (DTI), the display of expired food and products and
other items is in violation of Republic Act 7394 (Consumer Act of the Philippines) that have fine that
ranges from Php 100 000 to Php 500 000 depending on how worst the violation.
WAY OF ADDRESSING THE ISSUES
Formally, if I had to report a certain problem to Department of Trade and Industry. This is the steps
1. Contact the DTI directly, preferably through their consumer protection bureau or a relevant
department.
2. Submit a formal complaint, providing detailed information such as names, dates, locations, and
supporting evidence.
3. Collaborate with consumer protection agencies, if your concern involves unfair trade practices,
4. Seek legal advice if the issue is complex or has potential legal implications.
5. Engage with media and advocacy groups to put additional pressure on authorities.
6. Follow up with the DTI or relevant authorities to check on the progress of your complaint.
7. Promote public awareness through social media, community groups, or other channels if the issue
Overall, The Department of Trade and Industry (DTI) maintains a risk management system
that comprises a policy, strategy, implementation plan, risk registry, and risk management process.
The risk management plan defines the objectives, roles, and duties for risk management. The DTI
intends to handle all internal risks in order to guarantee that no risk impedes the achievement of its
objectives. It is devoted to defending consumers' rights and interests, as well as implementing policies
and initiatives to support the Philippine economy's growth and development. To achieve these sector
goals by 2022, the DTI must enhance local and foreign direct investments, as well as the
competitiveness, innovation, and resilience of industries and service providers. It must also guarantee
access to safe and efficient trade regulation, fair trade rules, and consumer protection via consumer
education and information dissemination initiatives. DTI is in charge of achieving the country's aim of
a globally competitive and innovative industries and services sector that contributes to inclusive
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