Far Eastern University Institute of Accounts, Business and Finance Title: Bible Verses Applicable to Business

Submitted by: Paul Bryan F. Limyoco Submitted to: Dr. Jose Rizalito C. De Vera

In partial fulfillment of the requirements in Managerial Management BE09301 S.Y. 2011-2012 Second Semester Feb. 06, 2012

Verse: Proverbs 24:3-4 English Version: Through wisdom a house is built, and by understanding it is established; and by knowledge the rooms shall be filled with all precious and pleasant riches. Tagalog Version: Sa karunungan ay natatayo ang bahay, at sa pamamagitan ng unawa ay natatatag: at sa pamamagitan ng kaalaman ay napupuno ang mga silid ng lahat ng mahalaga at maligayang mga kayamanan. Explanation: An output could be done with the combination of all the trainings, experiences and hardworks of an individual which can lead to success in business. It is the application of what youve learned in your studies, experiences, success and failures. As time goes by, you may keep getting better or worse. It depends upon on how you treat whatever happens in your environment.

Verse: Proverbs 10:4 English Version: Poor is he who works with a negligent hand, but the hand of the diligent makes rich. Tagalog Version: Siyay nagiging dukha na gumagawa ng kamay na walang kasipagan ngunit yumayaman ang kamay ng masipag. Explanation: People who exerts too much effort on what hes doing will gain wealth but the ones who are not responsible to do their jobs will gain nothing. All things can be obtained by sufficient effort and time investment. The more effort you exert, the bigger the prize you get. With no effort, you will gain nothing. Instead, you will lose so much opportunities and so much more.

Verse: Proverbs 16:8 English Version: Better is a little with righteousness than great income with injustice. Tagalog Version: Maigi ang kaunti na may katwiran kaysa malalaking pakinabang na walang kaganapan. Explanation: People doing the right things may not gain something today. But in the future, he will gain plenty. Unlike the unrighteous who has plenty today. But in the future, he will loose everything. Thats what we call karma.

Far Eastern University Institute of Accounts, Business and Finance Title: Successful Stories of Filipino Businessmen 1. Wilson Ng 2. Pacita Juan 3. Tomas Victorino Meneses

Submitted by: Paul Bryan F. Limyoco Submitted to: Dr. Jose Rizalito C. De Vera

In partial fulfillment of the requirements in Managerial Management BE09301 S.Y. 2011-2012 Second Semester Feb. 06, 2012

Pacita Juan

Coming from a family of entrepreneurs, Juan was a natural businesswoman even at a young age. She started in this career by buying and selling chocolates to her elementary classmates. Soon, she was creating perforated bags out of scrap materials from their auto parts factory and sold these in bazaars. While in college, she opened a small restaurant near the university with her friends. This place served as their hang-out place and a source of extra income. After graduating with a degree in Hotel and Restaurant Administration from the University of the Philippines, she joined one of Manilas finest hotels as a hotel concierge to gain work experience. After her stint in the hotel industry, she decided to join the family corporation which is engaged in manufacturing jeep bodies and parts for export to the USA, Japan, Australia and Europe. She was a full-time employee until she became a full-time entrepreneur when she set-up her own business. In 1993, she and her partners established Figaro Coffee Company and opened their first coffee kiosk in a premier mall in Makati. It received positive feedback from serious coffee drinkers and grew into a chain of specialty coffee shops. Today, Figaro has expanded to 56 stores, with 54 cafs in the Philippines and 2 in Shanghai, China. Alongside her duty as CEO of Figaro, she put up Figaro Foundation, the companys social arm to ensure the bean supply for the coffee shops through engagements with local coffee farmers all over the country. It helped local farmers address their challenges in technology, credit, supply, and marketing. Later on, she helped establish the Philippine Coffee Board, a private-sector group that promotes the coffee industry in the country. After several years of managing the business, she stepped down as the chief executive officer of the company last June 2008 to venture into social entrepreneurship. She still holds 42 percent of the company and maintains her seat in the board as well as her position in the Fiagro Foundation. She allows her partners to steer the wheel for Figaro,

thus she has more time now to focus on her advocacies which include coffee (through Philippine Coffee Board), environment and sustainable lifestyle (through ECHOstore), and community work (though Peace and Equity Foundation). The Environment and Community Hope Organization Store (ECHOstore) at Serendra in Taguig opened in September 2008. It markets products from small communities and marginalized sectors and promotes a sustainable lifestyle. Aside from that, it is also now a venue for mentoring programs for those interested in organic and sustainable community-based products. Peace and Equity Foundation is a nongovernment organization that that administers endowment fund for poverty alleviation. She was appointed as representative of the said organization. Aside from these, she is also a member of the Board of Trustees of the League of Corporate Foundations, a Governor of the Management Association of the Philippines (MAP), and a Chairman Emeritus of the Association of Filipino Franchisers, Inc. In 2009, Juan was locked in a legal battle over the right for the Figaro trade name. A Figaro franchisee, Lot Tan, has cut the ties with the management and has sided with Juan against its original owners. In that year, Juan and Tan opened a new concept chain store called Le Bistro.

Wilson Ng

Ng Khai Development Corporations story begins in Cebu, fueled by a man whose passion for computers matched his drive to become a successful entrepreneur. Wilson Ng was born in 1965 to a Filipino-Chinese family. Ng says he has three passions in life: business management, learning and writing, and computer technology. As a young boy, Ng already knew he would become an entrepreneur. At the age of nine, he was already helping in the familys food business. Ng discovered his passion for computers while taking up business management in the University of the Philippines in Cebu. When he graduated from college, he followed his heart and worked as a programmer in Taiwan. However, Ng had to temporarily shelve his IT career when his father passed away in 1989, leaving him in-charge of their food business. Being a dutiful son, he took over dream. When he was able to turn sister in 1992, Ngs brainchild Development Corporation the family business but could not shake off his IT over the management of the family business to his was born. The company was named Ng Khai in honor of his late father.

Ng Khai initially started as a computer software company. To cater to the increasing demands of its customers, Ng Khai broadened its product base to become Cebus onestop shop for integrated IT business solutions. It offered a vast array of IT products ranging from computer hardware, software, software development, web development services, training, networking, and systems integration. Ng Khai eventually became the recognized and preferred local systems integration company in Cebu and Northern Mindanao. Over the years, Ng Khai has grown to keep up with the dynamic IT industry. Ng Khai now employs over 120 IT professionals to service its growing clientele. The business caters primarily to the Visayas and Northern Mindanao areas. It has a coordinating office in Manila and contracts with companies in the United Kingdom, US, and Japan.

Ng Khai has partnered with global IT brands such as Canon, Cisco, Hewlett Packard, IBM, Microsoft, and Oracle to ensure the premiere quality of the services and equipment it gives its customers. Ng Khai is the only Microsoft Large Account Reseller in the South, and is the exclusive Visayas distributor of 3M Visual products. Through the efforts of Ng Khai, Wilson Ng hopes to help improve the Southern Philippines economy by making it attractive to investors as outsourcing sites. He firmly believes that young Filipino professionals outside the National Capital Region should have equal opportunities to work in their provinces and not have to go to Manila or overseas to find suitable employment. Ng has also established e*Sprint Software, a spin-off that produces business management solutions for small and medium companies here and abroad. e*Sprint has recently entered into a joint venture with Innovista Technologies in Manila to form Evista Techonologies, a new outfit aiming to introduce the e*Sprint products to Metro Manila. With this, Ng hopes to successfully penetrate the Metro Manila market, one of the toughest challenges for a provincial-based IT business. Not one to sit on his laurels, Ng attributes part of his success to his stable of IT professionals. What he instills is the feeling that this is not only a job, but also a responsibility. He acknowledges the dynamism of his business, saying there are twin challenges in the computer business. The hardware side is very competitive, margins are getting slimmer, and many products are getting commoditized. The software side presents a potential. However, there is a need to convince the local market to pay a good price for quality service and technical expertise. Ng, at 39, does not yet consider his life a success story. His philosophy in life sums his idea of success: I may be a learned scholar, a successful businessman, or a good father/husband, but until I am all three, I have not succeeded. He is looking forward to that day in the future when he will be truly successful.

Tomas Victorino Meneses

Contrary to his name, Mr. Tomas Victorino Tiny A. Meneses is a big man in the pharmaceutical industry. The Founding Chairman and CEO of Tynor Drug House, Inc. established the company in 1978 as a manufacturer and distributor of locally produced and Swiss-made pharmaceutical products. After graduating with a Humanities degree from Ateneo de Manila on a scholarship, Mr. Meneses was hired as a sales representative for Swiss pharmaceutical company CibaGeigy (now Novartis). After several years of working in the industry, he learned the trade and decided to put up his own company: Tynor Drug House, Inc. Mr. Meneses started out with me-too products but soon realized that to succeed in the industry, one has to constantly innovate. He focused on research and development, which led to the foundation of unique products which have gained a strong following in the local market: the Cherifer product line, a leading brand in its market and a multivitamin highly prescribed by pediatricians; OB Max and OB Smart, used as both prenatal and post-natal supplements; and Natalac, 100% natural lactation enhancer. At present, Tynor is just one of the companies in the growing Meneses Group of Companies. Sister companies in the group are Time Machine Cosmetiques, Inc., which formulates skin care products; PMB Salon Specialties, Inc., which manufactures, imports, and distributes hair and scalp care products; InterMed Marketing Philippines, Inc., which markets and distributes Tynor products; Gruppo Medica, Inc., which manufactures pharmaceuticals and food supplements; and Tynor Agrovet Division, Inc., which markets imported and locally manufactured veterinary products. Over the next few years, Mr. Meneses is eyeing expansion on the region and in the USA.