Business Ethics

and
Social Responsibility

WAYS TO IMPROVE BUSINESS

PRACTICES GUIDED BY THE
PHILOSOPHIES, BELIEF
SYSTEM OR FILIPINO VALUES
Prepared by:
Lisil V. De Guia
 Objectives of the week:
1. enumerate ways to improve business practices;
2. explain how philosophies, Filipino belief
systems, and values contribute to the
improvement of business; and
3. describe how the Filipino value system affects
the attitudes of business
constituents

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 Activity # 1 Examination Time

Make a list of your Strengths and

Weakness and share them to your
seatmate. Have a short discussion
on this.

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 Activity # 2

If you are a businessman,

what considerations are you
going to take to make
business grow or improve?

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Steps in Improving a Business
A. Assess your situation
Current business practice
Market trends
Changes to a wider
environment
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Tools on how to assess
Business situation:
S.W.O.T analysis
Benchmarking
Market Research
Trends analysis
Seminars and Trainings
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 SWOT Analysis
Key part in any business and strategic plan

Visualize strengths and weakness

Identify potential opportunity and

threats
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 SWOT Analysis

S trength
Internal
W eakness factors
Opportunity
External
Threats factors
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Strength Weakness

The areas
where company
excels
Opportunity Threat

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Strength Weakness

The areas Areas that need

where company Improvement, placing
excels the company at a
disadvantage
Opportunity Threat

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Strength Weakness

The areas Areas that need

Improvement, placing
where company
the company at a
excels disadvantage

Opportunity Threat
Favorable factors
with
the potential to
improve current
positioning
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Strength Weakness

The areas Areas that need

Improvement, placing
where company
the company at a
excels disadvantage

Opportunity Threat

Favorable factors with Factors arising in

the potential to the external factors
improve current that may hurt the
positioning
firms’ business
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 B. Set Clear Goals

Specific Measurable Achievable Relevant Timely

– clear – can be – / – time
objectives evaluated attainable Realistic bounded

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 Steps in Improving a Business
C. Identify strategies for
achieving your goals

D. Develop a plan for

implementing your
strategies
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 Time Action Person Resources Desired
Frame Responsible Output

How long Action Person Budget or What are

the task to be accountable supplies you
will be taken as for each needed to expecting
completed precisel task complete as a
y as assigned the action result?
possible

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Steps in Improving a Business

E. Measure the Results

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Short Quiz Yes or No

1. Business goals can be as broad

or as specific as you want them to
be.

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Short Quiz Yes or No

2. Think realistically sometimes

about what you can do yourself
and where you may benefit from
some support.

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Short Quiz Yes or No

3. To achieve your goals, you

need to work out how to
implement your strategies.

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Short Quiz Yes or No

4. Before you start making

changes, it is a good idea not to
make sure you have a full
understanding of the factors
affecting your business success.
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Short Quiz Yes or No

5. Consider how often you

want to measure your business
achievements - this can also
help you set new goals
regularly.
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Thank you!

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