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This chapter will present the conceptual framework that will serve as the basis in
conducting the study. This also shows the related literature and studies which make the study
more liable.
Conceptual Framework
Figure 1 will show the conceptual paradigm of the study. In gathering data, the study will
determine the business practices of frozen tuna products in General Santos City. Specifically, it
sights the businesses with their profile in terms of the year of operating, initial investment,
Moreover, this study will determine the practices of frozen tuna products in General
Santos City. Also, the problems and challenges encounter of frozen tuna products in terms of
This research will utilize the use of surveys through the use of questionnaires. The result
of the study will hope to create awareness to future entrepreneurs’ business practices of frozen
This section contains the literatures generated from the compilation of books and other
reading materials which will give sufficient insight about the main focus of this research.
The profile of frozen tuna products consists of number of years in operation, initial
Number of Years in Operation. The company’s entry into the fishing industry began in
1993 when Chairman Dr. Tan Siu Lin forged a consortium among a few Chinese companies,
which initiated a fishing base to provide supplies and services to tuna fishing vessels in
Micronesia.
The success of this undertaking led to the diversification of a tuna fishing operation in
Long - term fishing operations consist of two fully functional enterprises in two different
regions, consisting of 14 vessels fishing throughout the year, ensuring exceptional continuity of
The company's existence in years depends heavily on how it manages fund or budget. It
determines how long the company will last and also reflects the efficiency and stability of its
mainly for 7-30 years from the date they were established, depending on the type of enterprise in
which they operate, due to the different factors that exist in the environment.
According to figures released by the Philippine Fisheries Development Authority, total
tuna and other fish landings at the General Santos City Fish Port Complex increased by 11.31
percent in the first 5 months of this year over the same period in 2013. It is the third year in a
row since 2011 that the total volume of fish landings in the city has increased annually (Espejo,
2014)
Initial Investment. Alternative plant-based tuna supplier Good Catch secured an $8.7
million Series A financing round, supported by venture capital groups, retailers, private investors
Capital investment and finance is the solution that helps to form new businesses and
enables businesses to grow, employ local workers and support other businesses and local, state
An evaluation of the capital market for technology- based companies emphasizing the
links between the stages of a company's development and the investment preferences of different
capital sources is presented. These factors lead to the expectation that initial capital will most
often be provided by entrepreneurs themselves from their own savings, secondary to their
families and friends and private investors, all of which are capital sources outside the formal
channel. The primary complements of informal sources are expected to be more substantial but
still initial funding from 'wealthy family funds' special 'seeds' funds and somewhat more
(Thai Union, 2018) With an initial TBH 25 million registered capital. In 1992, Mitsubishi
Corporation and Hagoromo Foods entered into a joint venture with the company.
Global foodstuffs, in which the Nissho Iwai Group will initially invest 51 percent and
Zhanzidao Fishery will invest 49 percent, will store, process and market frozen tuna in China,
where the food service industry is growing considerably (Sojitz Corp., 2003)
The investment, with its return time and profit, is beneficial in economic and financial
terms. Facility is the improvement of the port and tuna landing facility by supporting the cold
supply chain through the construction of ice manufacturers, adequate facilities support transport,
while human resources are sustainable business management technology and international
Products Offered. Tuna and milk fish are the fish traded most internationally and locally
in the Philippines. Both species are processed as bottled or canned; frozen and chilled. In
general, these materials offer the sensory attributes for highly innovative value- added seafood
Its business focused on the divisions of seafood: shelf-stable seafood; frozen and chilled;
and related products; and pet care and other value added products (Union 2018)
The tuna boom in General Santos was driven by the arrival of Japanese traders in the
mid-1970s who were looking for new supplies of sashimi-grade yellow fin tuna. The high price
of sashimi- grade tuna in Japan encouraged investors to finance tuna fishing enterprises that
Building seven new purse seine vessels since 2006, with two additional large vessels
scheduled to join the fleet in 2018, the company has focused on increasing vessel capacity and
profitability. These new vessels enhance annual catch per vessel and are equipped with fast
cooling technologies and sashimi- grade handling and freezing facilities (Dongwon Group, 2008)
Providing a wide range of consumer goods in five units. It focuses on premium stock-
stable tuna products and has developed high- quality product specifications (Bolton Foods, 2007)
The production and marketing of value added tuna products provides opportunities for
new businesses, with associated economic and employment benefits. Tunas and associated by
catch species can be commercially processed into a wide range of products to increase their
economic value. In addition, exported value-added products may generate substantial foreign
A manufacturer and branch of seafood products focused on tuna, ready to eat meals and a
variety of other stable and frozen seafood and protein products in the United States and Canada
Product quality was an important factor that should always be considered as processed
food products. This is because attributes of product quality are always taken into account by
consumers when buying processed products, including tuna processed products. Consumers
satisfied with the quality of tuna processed products would place repeated orders (Lestari et al.,
2013)
countries and its importance encompasses aspects of economic production, diplomacy, trade,
employment and its role as the primary source of animal protein for man. Consequently, the
highest proportion of food in world trade is fish and fishery products (FAO 2010)
Number of Employees. The success of the company is based on our employees '
knowledge, experience and talent. Our people are the driving force behind our business and
contract of employment under which the employer has the right to control the details of the work
performance. An employee is hired for a specific job or for work and who works at someone
(Watson 2014) highlighted in his study that only four out of ten employees are very
committed, so there is room for improvement. Regardless of the age of the employee, basic pay
is the reason employees join or leave an organization most often mentioned. 41% of employees
For sustainable engagement, strong leaders and managers are needed. 72 percent of
employees are highly engaged in companies where both leaders and managers are perceived by
employees as effective.
Giving and getting between the organization and its employees is defined by an
employment agreement. Employees who have fallen into their organization are more likely to be
highly engaged in employment deals than those who do not. They must also consider in hiring
employees. The talents of employees are the backbone of any company, but for a company in
particular those with one or more commitments beyond the simple creation of commercial
opportunities.
Companies are usually classified as small (maybe 1 to 150 or so), medium (maybe 150 to
1000 or so), large (maybe 1000 to 10,000) and very large (over 10,000 employees). These are
fairly loose categories and there are many other ways- by total sales from a few hundred dollars
to several billion dollars,' market value'( which applies more to companies large enough to be
listed on a stock exchange, generally large and up, etc. (Crisp 2018)
All employees are subject to a contractual agreement, work in a company and receive
compensation for their work. Workers, active business partners, unpaid family members and
home workers are excluded from sick leave, paid leave or vacation. All employees are subject to
a contract, work in a company and are compensated for their work. Workers, active business
partners, unpaid members of the family and home workers are excluded from sick leave, paid
Even companies that compete theoretically in the same industry often vary widely
Regular employees are those whose contracts are stable, for whom the company is
responsible for paying taxes and social security contributions and/or for whom the contractual
relationship is subject to national labor law. Companies can be classified as small or medium-
sized (less than 250) or large (250 or more). This indicator is measured by the number of
Therefore, the food product produced by this dynamic system is not merely a market
commodity but rather a cultural product with distinct attributes and meanings that crystallize the
context.
Business Practices
Operations. Operations management teams try to balance costs and revenues in order to
achieve the highest possible net operating profit. Operations management refers to the
organization. It aims to convert materials and labor into goods and services as efficiently as
described the current world fishing for tuna and explained the technological developments
affecting fishing operations. Expands the discussion to include socio- economic aspects of the
entire tuba industry, including recent changes in processing, trade, marketing and consumer
preferences. Tuna management measures taken by RFMOs, including those used for catch
mitigation will be reviewed. Gear and species interactions are discussed specifically with regard
the size of production plants and project management methods and the implementation of the IT
(Dhoul 2016) writes that the management of operations is primarily concerned with the
such, it is delivery- focused to ensure that an organization efficiently turns inputs to outputs. The
inputs themselves could represent anything in the form of human resources materials, equipment
Management. (Lencioni 2011) stated that the leader should be able to motivate their team to
succeed in a business. They should be able to get employees involved, reward their efforts, be
The leader should be able to motivate their team to succeed in a business. They should be
able to get employees involved, reward their efforts, be vulnerable, committed and generate cons
the importance of leadership and managerial skills to achieve optimal results. For a number of
reasons, major managers usually succeed. They usually have nine common administrative
practices. Most well trained managers are not born. It is easy to adopt the nine personal practices
identified in this paper daily. The nine personal traits with consistent practice help train
managers to become more efficient leaders in driving optimal performance and motivating
(Bloom 2005) Business schools and popular business discussions tend to place a great
deal of emphasis on the importance of good management in top performing firms. The concept
of good and bad management needs to be codified into a measure applicable to different forms in
(Summer 2005) stated that well- managed companies perform significantly better than
poorly managed companies with higher levels of productivity, profitability, growth rates and
market values. Competition on the product market appears to be the primary driver of good
management practices. This could work both by making managers work harder and by driving
good performance.
(Ahmed 2016) Frozen fish marketing strategies are the country's second highest export
earning sector. The main findings are the holistic marketing concept for frozen fish exports, cost-
based pricing and other pricing methods can be used with a proper consideration of cost related
elements. Farmers can directly sell their products to the buyers. A descriptive framework for
understanding marketing strategies for frozen fish exporters in Bangladesh has been developed.
This study takes on a qualitative nature. This research allows researchers to understand the
concept, pricing methods, how to expand and market, promotional measures and how to manage
potential risks.
(Heichler 2017) A solid collection process to ensure that you are paid promptly for your
(Brad Ack 2018) Major tuna companies had already been tracking the origins of their
products for decades for quality and safety control purposes, and the participants committed to
using this existing infrastructure to better trace fish throughout the industry. Doing so makes it
easier to ensure that the fish in their products are caught in accordance with sustainable fishing
standards.
Companies often emphasize the promotional aspect of marketing, but market research
involves using various data collection techniques and research tools to learn about your target
market's needs and core interests. The more you know the people you are aiming for. The more
you know the people you are targeting, the more you are equipped to develop beneficial
good long- term relationships are best established by contacts and partnership building.
Participation in trade shows and trade missions, shipping samples to potential buyers, sending
letters and faxes and making phone calls should be a market share expansion strategy. Potential
risks to be addressed include: government regulations, patents, predatory pricing, scale economy,
variety of means. A company could take out a bank loan or arrange a line of credit. The proper
acquisition and management of debt can help the company grow and become more profitable.
Social finance generally refers to investments in the organization of social enterprises and
certain cooperatives. These investments take the form of equity or debt financing instead of an
outright donation, in which the investor seeks both a financial reward and a social gain.
(Investopedia)
Therefore, wholesale markets play a crucial role in the vertical coordination of food
markets, calibration of demand supply and facilitation of price formation. The role reduces
marketing costs per unit, promotes stable local markets and promotes higher production and
production and cost management strategies and means. This would increase the chances of
From dealing with the uncertainty of where your business is heading, there are common
concerns that arise more often than you would think and may be expensive if they go unchecked.
First, managing overheads. Overheads can easily be mounted in the form of administrative
expenses, insurance, rental or utility charges. Excessive overheads can be especially damaging if
they are not managed in a timely manner, so they are a big problem for companies to be satisfied
with. Look at your expenditure, the solution, and see what can be cut back. Scales down should
be any service that is unnecessary to your team or customers. Fast fixes include cloud computing
and rental instead of office equipment purchases. Second, performance monitoring. If some of
your team members do not work as well as they should, your company may suffer as a result.
The solution is to specify a set of performance indicators that demonstrate how well your team
As a company grows, the advances it has made are challenging. Many companies are
confronted with problems and problems that feel difficult to manage. Now that your company
has addressed the problems of getting off the ground, it is important to have solutions in place so
The tuna industry is one of the most environmentally conscious industries out there,
mainly because such variables as ocean temperatures and sea levels are fundamental for the
affectivity of the catch of this animal. Furthermore, this is a very global industry as well,
considering that fishing occurs mostly in international waters, prices are extremely correlated to
the balance between supply and demand of this product. Therefore, for local fishing companies,
productivity is the key to maintain their profitability despite variability and seasonality.
Ironically, their oversensitivity and consciousness with the environment in combination with
their profitability interests (ensuring there’s sufficient tuna to fish and sell for years to come)
allows them to have these seemingly opposite goals aligned (Juan 2016)
Fears about increased employee involvement and responsibility, over empowerment and
loss of employer control are all valid. However, the reality is that not every employee wants to
be empowered and in fact most people have little experience of empowerment. Despite this
increasingly expanding national and international marketplace. The majority of our employees
today expressed their desire for respect, responsibility, recognition and flexibility in their work.
(Library.wiley.com 2017)
Management. Most employers want their employees to be motivated and ready to work
today, but don't understand what motivates a person. Companies can be more efficient if
employees have a stake in the company’s future. The attraction of new employees and 58 percent
of those organizations voiced challenges in retaining current employees, although this study is
older, is still relevant today. Studies show that when ten professional employees leave the
This seems fine at a superficial level, but sometimes employees feel they need
interpersonal communication to achieve a certain degree of trust. If an employee feels that their
supervisor doesn't care, they can get disengaged and even adjust the boss. Conflict management
and performance and management of potential liabilities can also be difficult to clear.
Failure to deal with any of these issues may have harmful consequences for an
and developing their managers. Whether these are performance problems, conflicts between
team members, trust issues or personality conflicts, managers are challenged to face and tackle
problems directly and as they emerge, diffuse the feelings and emotions of employees about the
problem, listen to the needs and desires of both parties, develop win- win solutions that lead to
more productive and positive working relationships and prevent conflict in the future by
promoting positive co- worker relationships and early recognition of conflict or problems.
campaigns are very important in introducing products to consumers in a pleasant and attractive
manner. The rise in self- exclusion represents surveys in companies ' marketing strategies and
Every company wants to grow. That's quite understandable. But it is easy to forget that
growth presents business leaders with new challenges and greater questions. While the needs of
operational or human resources may seem obvious, the approach to marketing may also create
new challenges for a growing business. Whether you are a brand new start- up or a legacy
company worth several million dollars, it is important to consider how your marketing should
Tuna is by far the largest seafood export commodity of the Philippines in terms of value
and offers a livelihood to thousands of fishermen. The recent political developments and
implemented measures by the Indonesian government to combat IUU fishing have restricted
Philippine commercial fishing vessels from fishing in Indonesian waters. As a result, the supply
of raw material to canneries and processing factories in the Philippines has decreased, which has
It is important to remember, despite the challenges you face as a growing business: Most
business leaders would like to have your problems. Remember the key principles that helped you
achieve this. While the way you approach marketing may change in the next few months and
years, it will always be important to gain trust and attention with your audience (Pyle 2018)
always been a challenge to overcome, which has a considerable impact on the financial aspect of
due, there is a problem with cash flow. The main causes of this are low profits or losses, over
capacity investments, too many stocks that become obsolete, allowing too much credit to be
(Dapice 2011) Financial performance is usually measured by the level of profit being
related to assets controlled by the company. Other success measures may relate to non- financial
business owners can continue to finance the business operation and growth and achieve their
personal goals.
Profitability is the main financial problem facing any business owner. Unless you know
the rest of your costs, known as overhead costs, you cannot make a profit while leaning your
production costs. It doesn't mean you're clear just because sales are good. If the money does not
come in fast enough to pay bills when it is due, cash flow problems will arise. Knowing how
much money owe is insufficient to avoid debt problems. Your debt interest can keep you from
advancing without realizing it unless you analyze your debt-service issue (Edmunds 2011)
Many salaried people live paycheck to pay check, and likewise companies can get into
this habit. They're always waiting to pay that big next customer. They sometimes have overdraft
arrangements with their banks to pay wages or other vendor payments. This, however, needs to
expenditure, giving the entrepreneur sufficient space to focus on the acquisition of new
above paragraph for solutions. Otherwise, it is important to make and follow a monthly budget.
Set a specific day of the week to make payable accounts and sign checks (Ramdev 2016)
The following studies are already conducted to which the present proposed study is
related.
“Factor Causing Philippines Fisheries to Collapse”, Tacio (2009) presented that rapid
population growth and a decreasing trend in fish production will continue to produce kilograms
In addition, in a recent report, the World Bank warned that domestic demand for fish will
reach 3.2 billion by 2020, given the projected population growth rate of country.
“Fish Production in General Santos City”, Espejo (2014) According to figures released
by the Philippine Fisheries Development Authority, total tuna and other fish landings at the
General Santos City Fishport Complex increased by 11.31 percent in the first 5 months of this
year over the same period in 2013. It is the 3rd consecutive year since 2011 that total volume of
“Strategies and Tactics of Tuna Fishers in the Payao Fishery from General Santos City,
Philippines” (2015) Payaos or anchor FADs are widely used in tuna fishing in the Philippines.
Spatial regulations on the use of FAD are currently being implemented with limited observance
(n=150) and a total of six focus group discussions ( n=61) of General Santos City purse seine,
ring net and hand line fishermen provided a clear indication of the operational patterns and
decisions of fishermen on fishing tactics and strategies. Over a period of approximately 25 years,
Filipino FAD fishermen moved from inshore to offshore areas to catch ocean tuna and small
pelagic and neritic tuna associated with the FAD. Because of the high density and spatial limits
of deployment of FADs in near shore areas, the offshore deployment of FADs in a company -
owned space network has become a strategy to maintain a fishing ground. As specialists in the
area, Purse seine and ring net fishers operate from 70 to 1000 km from the fishing port and have
Hand line fishermen freely traveling between FAD areas claimed by purse seine and ring
net fishing companies operating 90 to 1500 km from the fishing port with an average catch rate
of 1.6 t per trip. Strategic decisions on the deployment of FADs in fishing grounds have been
experience as well as information on good catch areas. Tactical decisions on a daily basis were
mainly explained by socially mediated information flows, weather patterns and economic factors
According to Yamashita (2008) with his article “The Value Chain for Philippine Tuna
Commodity”, the secondary data sources mainly come from government institutions and private
enterprises. The primary data are information obtained from personal interviews and
observations for the 1999 and 2007 periods. Four tuna canneries were interviewed, out of six
canneries operating in the Philippines, including other tuna and tuna companies. Study products
containing fresh, frozen tuna and processed tuna products for export and domestic markets. Most
of these products mainly used Yellow Fin and Skipjack in the Philippines and neighboring
Southwest Pacific waters. In view of the economic, institutional and environmental concerns of
the tuna stakeholders, recent developments and future directions will also be discussed. Cost
efficiency, stable supply and global competitiveness are the main issues to be addressed, among
According to Panggat (2014) “Product Innovation from Tuna and Milkfish Processing”
Tuna and milk fish are the fish traded most internationally and locally in the Philippines. Both
species are processed in canned or bottled; chilled and frozen, although the former is mainly used
for the production of sashimi and sushi. In practice, all the stages involved in the production
processes can provide enormous quantities of by- products. In the meantime, backbones, frames
and their adhering meat are considered by- products of milk fish (11.3%). Of the approximately
50% tuna by- products, only about 35% are processed, of which 22% are black meat and 3.5%
are brown meat. In Japan, tuna steaks and fillets without connective tissues (so-called sinew)
command a much higher price. More than 12 processors are actively involved in the processing
of sashimi and sushi and 9 tuna canners based in General Santos City, although one of them has
been expanded to milkfish canning. The worldwide demand for frozen and canned tuna and dairy
products is increasing. This trend means a greater increase in the number of by- products that can
be produced in the coming years. Sausages (longanisa and hotdogs); fish balls, embutido, tocino,
nuggets, burgers, spring rolls, quikiam and skin crispies, among others, are commonly produced
restructured filets of milkfish, terrine, ham, fish rolls and other ready- to- eat and ready- to-cook
Tuna through Traceability System Development”, this study is concerned with risk mitigation
based on advances in technology for food traceability. A case study of the supply, processing and
distribution of wild catch tuna on Indonesia's Sulawesi Island provides the background for the
description and analysis of risk agents and how the supply chain interrelates. The aim of this
study is to develop an inductive, emphatically based model for risk mitigation in the networks of
According to “The Dynamics and Sustainability of Ambon’s Smoked Tuna Trade”, book
by Philip Hayward (2012), The case study of the article emphasizes the dynamic nature of the
supply chain circumstances of products at locations with significant population growth, socio-
cultural disruption and/or modernization. The' food ways' involved in the case study of the article
are not discrete and/or stable, but rather volatile ways that have been shortened, diverted and/or
Maintaining the food methods involved required adaptation, ingenuity and the investment of
Consequently, the food product produced by this dynamic system is not merely a market
commodity (as in a simplistic model), but a cultural product with distinct attributes and meanings
that crystallize the intersection of different spheres of human and environmental activity in a
spatio-temporal way. The article also reflects on the sustainability of trade and how the dynamic
development of the Ambones population can overwhelm its entrepreneurs and employers '
adaptive potential.
“Frozen Storage Studies of Formulated Skipjack Tuna Patties” by Wayne T. Iwaoka phD
and Jason S. Akamine MS (2010) Plain and aromatically formulated skipjack tuna patties with
textural features similar to ground beef have been developed for use in school lunch programs.
Studies of shelf life of these patties showed that the nutrient composition of raw and cooked fish
patties kept in frozen storage for nine months remained essentially the same. In an edible 100 g
serving, raw and cooked tuna patties contained 71% -75% moisture, 18% -21% protein, 0.15%-
0.22% fat, 1.8%-2.1% ash and 3.3%-4.0% carbohydrates. The average caloric content was
the United States. Recommended dietary allocation ( RDA) for protein, 18%-20% for niacin,
approximately 14% for phosphorus, 10%-11% for iron, 6% for magnesium, less than 5% for
zinc, copper and manganese, approximately 2% for thiamin and less than 2% for vitamin A, E
and calcium. Sensory tests on fish pats showed that cooked pats could be stored in frozen storage
for up to nine months (minus 24 ° C) with only minor changes in odor, taste and texture. The life
of storage for frozen, crude patties seemed to be about three months. If uncooked pats are frozen,
According to Ahmad (2014) in his article “Frozen Food Revolution Investigating How
Availability of Frozen Foods Affect Consumer Buying Behavior”, Frozen food has been
considered and seen as an artificial form of food, but yes, in the growing and health- conscious
times of this era, it has become a part of our lives and influences the consumer's decision to buy
food.
and Sashimi Markets” by Yamashita (2006), illustration of the features of the tuba food system
that give a bird's eye view of the trade in tuna and global distribution. These species ' export
prices are not low in comparison to other marine products. We will examine the structure of the
market and the level of concentration of the world sashimi market further. Two other species,
yellow fine and albacore, are consumed as both canned and sashimi products. The sashimi tuna