DE VERA,RACHELLE F.

BSBA-FM-02

ACTIVITY NO.1

In the globalized world, there are two opposing trends. A global market may bring
about unfathomable wealth, but it can also bring about new political vulnerabilities
and societal gap fears.
These recent events have a big effect on the developing globe. Multinational
American and European corporations are buying up enterprises from developing
countries at a rapid rate in economies where it is practically necessary for the big to
buy the little.
Although though this solves the access to money issue, it also increases people's
susceptibility to domestic political unrest, particularly in emergency situations.
Additionally, it encourages political opposition in emerging nations to the entire
globalization system.
ACTIVITY NO.2
Choose one Filipino Global corporation. In an essay, discuss its history,
worldwide reach and attributes as a global corporation.
One of the biggest corporations in the world and a native of the Philippines
is Ayala Corporation. By Domingo Roxas, it was established in 1834. This
Philippine company has a history dating back more than 185 years, making it one
of the oldest. Its founding was back when the Philippines were under Spanish
colonial rule. In 1834, the same year that Spain decided to allow for international
trade in the Philippines, the company was established by Antonio de Ayala and
Domingo Roxas as a partnership. The company's initial incarnation was Casa
Roxas, which also dabbled in manufacturing, trade, mining, and agriculture. From
the company's founders, the reins of management and leadership have been passed
down to their offspring continuously from one generation to the next, with each
generation engaging in various business sectors. The corporation presently led by
José Bonifacio took a big risk in 1851 when he decided to purchase a plot of land
in Makati, knowing that it might someday be useful. El BancoEspaol-Filipino de
Isabela Segunda, the first private bank in the Philippines and the forerunner of the
Bank of the Philippine Islands, was founded by the third generation of Ayalas:
Pedro Roxas and Jacobo Zargoniz. Under their direction, House Roxas was
transformed into the Ayala y Compania, whose main businesses were banking and
public transportation. The Philippines experienced some economic impact from the
Great Depression when it hit the US economy. Ayala's companies received relief
from the crisis with Joseph McMicking's assistance, and the business was able to
forge a new course after the catastrophe. Jose Bonifacio purchased the land years
ago; it would subsequently be developed, completely transforming the area into a
planned city. The corporation conducts business in the US, Europe, Japan, the
Philippines, and other Asian nations. Manila, Philippines' Makati, is home to
Ayala's headqu. The family-owned business has always been led by its core values
of nation-building, economic success, and community development. It is currently
run by brothers Jaime Augusto and Fernando Zobel de Ayala.