Tuesday, December 1, 2015

Journal number 14 – Service Learning Part 2 “#TeamSAVENOW”

As I am writing my 14th post, it made realize how really time flies. It’s a cliché but there are no other words that would perfectly describe what I am feeling right now. As my first term is officially coming to an end, anxiety and happiness started to creep in.  Anxiety because I’m still not sure whether I will pass my other subject and happiness because after 3 months of juggling work and study I am now already looking forward to longer hours of sleep and rest.

After much deliberation, we decided to conduct our Service Learning at Muntinlupa National High school through the help of Singles for Christ (SFC) last Saturday, November 28, 2015. Before this was finalized, we had gone through many changes such as member and activity changes. We had member changes because three of our group mates are unavailable on the said date and we don’t have any spare time left. On the other hand, we had activity changes because of uncertainty in the schedule of the activity from our chosen organization, Handog Tungkod Project.

Our agreed meeting time was 6:45am at Cash and Carry mall. I was second to arrive there and thankfully I was not late even though I barely had proper sleep as I kept on waking up every other hour since 1 am for fear of being late. Though there was bad traffic specifically on Osmena Highway and in Alabang, we still made it on time.

Most of the group got their education from private institutions and some even from exclusive schools. Our worst dilemma was we might not connect to the students well enough as we are from a different section of the society. Based on the information given by SFC, we did our best to use examples and analogy that they can relate to considering they are still High school students and some of them are not financially well-off. However, through our surprise we connected with them more than what we expected. When it was my turn to conduct my part in the “Financial Literacy Seminar,” I shared to the students the very bad future (2009 Manulife statistics on Filipino senior citizens) that we might face if we don’t do anything today. This is to stress the importance of developing the habit of saving at an early age and starting from small savings. During this time, I also explained to them the consequences of not saving and planning for the future. Furthermore, I asked them how are their lolo’s and lolo’s are doing? Are they financially dependent or are they like what the statistics say that most relies on relative/s for financial support?  Surprisingly, a couple of them said yes and told their story. Personally speaking, I was taken a bit because I can still remember that when I was their age I was shielded by my parents from any financial woes that are affecting my family. This made me have mixed emotions as I felt happy that the seminar that we are conducting will have more impact to their lives and because they are already aware of what is happening to their family. However, I felt sad as I pitied them for being exposed to those at such a young age where ideally they should be enjoying their teens instead of worrying matters that are supposed to be for adults.

Overall the experience was good for everyone. We went there teach and complete a requirement in our ethics class but at the same we also learned from the students. We ended the seminar by taking the feedback from some students and the Team Lead of SFC for that school. Money is often construed as evil. However as we know that it is not; rather it is how the person earns and how he utilizes it that make it evil most of the time. By combining texts from the Bible and scientific findings (financial statistics) we were able to bring the students closer to God in our own way and at the same time equip them with some financial knowledge that will help them have a secure a financial future. In fact, SFC said that they might conduct this yearly as they realize that what we had just taught the students can’t normally be acquired from school.     

Thursday, November 19, 2015

Journal number 13 – A reflection paper on the movie "Enron: The Smartest Guys in the Room"


Its APEC season and the next week after our professor will be on a business trip to India. In lieu of the classes that we will miss, she instructed us to watch the movie “The Smartest Guys in the Room” and write a reflection paper about it. This is about the Enron scandal that happened in the early 2000s that shook business world and the accounting practice globally.

Greed, cost-benefit analysis, and management integrity, these are just among the words that I found surprisingly present in most of the cases that we have tackled during the previous classes and this movie. Enron, before the financial scandal was one of America’s top companies with an estimated market value of approximately $70 billion. The film featured Enron’s executives who were involved in unethical practices that took place in the business. The film also portrays its founder, Kenneth Lay’s, humble beginnings and Jeffrey Skilling’s rise and demise in the business world before and after becoming Enron’s CEO. Based on the movie, Enron’s executives were involved in a couple of unscrupulous activities, they are the following:

  • Lay found out that two his traders were involved with questionable trades that are putting the company in great risks. Instead of disciplining them and enforcing the company’s code of ethics, Lay encouraged them more as at that moment based on a cost-benefit analysis the company will in a better position than if the trader were fired as at that time that is the only part of the business in total that was making money. Another executive, Mike Muckelroy, found about this and showed his findings to Lay but the latter ignored this and when this was made known to the public he argued that he did not know of this even though there was evidence proving otherwise.
  • Skilling got Arthur Andersen’s (America’s oldest accounting firm at that time and one of the original big five accounting firms) approval of using Market-to-Market accounting method. This let Enron cooked their books by valuing their contracts or assets by their potential value which is on the presumption that the company’s stocks will continue to increase in value. This is of course very uncertain especially in the commodities/oil market where prices are very volatile and uncertain. This enabled Enron to make their financial statements look good when in fact their business ventures are not doing so well like the ones they made in India. From a business standpoint, they knew that this would tantamount to misleading their investors that is why they secured the accounting firm’s approval to make it legal and appear that this is in the best interest of the company and the shareholders.
  • Enron’s executives took advantage of the power deregulation law in the state of California. As stated by the company’s former Public relations spokesperson, there were several times that the company would not meet its targeted earnings. Miraculously, they will be able to do so in the 11th hour. Little did he know that the company was manipulating the production of electricity to artificially increase its price to ultimately help Enron meet its financial targets. As a result there were massive blackouts even though there was enough capacity. What’s ironic in this instance is Enron used its resources to find legal loop holes in the free market and used it to unjustly benefit the company. The free market economy concept has actually good intentions behind it, however, because of Enron has done it made it look like that its not the case.
  • Lastly, when the masterminds of all the above knew that Enron will eventually collapse, they headed for the nearest exits selling their shareholdings while making the public believe that the company is still doing well. In fact, in the movie, before Skilling resigned, he even encouraged his employees to buy the company’s stock for their retirement. This resulted to many employees losing their pensions and retirement funds when the company became bankrupt.

What’s worse in the case is that Enron has good employees like Cliff Baxter and Sherron Watkins; after finding the above, they escalated the issues to higher management and in this case to Skilling and Lay but the two ignored them. Enron’s collapse would have been prevented had top management listened to them as Watkins told Lay that companies that do come out and admit their wrongdoings were able to move forward whilst if they were found out by external companies they would most likely be dealing with serious repercussions that the company may not be able to overcome.

Truly, Lay’s story was one to be admired about by everyone as he started-out as a small boy delivering newspapers to founding and becoming chairman of one of America’s most valued company - Enron. Initially, I can’t understand how was Lay able to come to convince himself that what his executives were doing was right at the time. Personally speaking, I think that as successful businessman greed got the best of him later in his days as Enron’s Chairman that he was willing to take greater risk for unsustainable and short-term gains than sustainable long-term gains. Furthermore, he was enjoying political power by the backing of the Bush family making him think that he can bend the law according to his will. 

One of the realizations that I have made in watching the film is that we’re not much different for the US even though they are a developed nation while we are not. The only difference is that at least in their country the culprits are trailed and convicted unlike in our country where most of the time no one is convicted especially if they have the political and financial power to do so. Although the Enron scandal tainted America’s reputation in the business world it is also good in a way that the culprits were caught and made answerable to the public. They are in fact currently in prison and serving their jail terms. It also allowed the accounting practice and the business community to place safeguards in check to protect the public and shareholders from people taking advantage of loop holes in the free market to unjustly benefit themselves. Unfortunately, this is not the case in our country wherein there are hardly culprits punished even with widespread traditional and social media coverage. Last year we have the pork barrel scam and until now no one is still convicted and the present administration is still trying have the same by renaming it to Disbursement Acceleration Program. Personally, I think that they are trying to make this legal by making it into a law. On the other hand, very recently, we have the Tanim Bala scam at our airports, however, even with vast resources that the government has on its disposal it was not able to stop the scam completely and determine who the real culprits are. My point here is until someone is convicted, we will never learn as a nation as we have to know what has gone wrong for us to know what is right. Unfortunately, unlike the US, we have a very slow and weak judicial process that makes the powerful able to shield themselves from prosecution and punishment. In our case, one of the senators who allegedly used his PDAF funds to enrich himself is now out on bail and sitting on one of the highest post in our government.         

Wednesday, November 18, 2015

Journal number 12 – The Ozone Threat: Managing with Uncertainty

For this week’s class we were assigned to present our case study regarding the case that involved Dupont which discovered Chlorofluorocarbons (CFCs) in the early 1900s and was its largest producer globally until 1987 when the company decided to phase out its CFCs division. During that time, the chemical became a necessity in every household as a refrigerant for air conditioners and as aerosols. On the other hand, in the manufacturing industry CFCs are used as solvents. At the time of the case, the CFC market is an $8 billion market which DuPont enjoys having the biggest market share globally.

DuPont as a company also played a great role in America’s success story. In fact, in both World Wars, DuPont was the largest supplier of gunpowder for the US military. They were even the ones that produced the plutonium used in the atomic bomb. Aside from this, other products that made DuPont one on America’s top companies over the past two centuries are their development of nylon and Kevlar. Currently, they hold about 25,000 patents globally and have one of the world’s best R&D capabilities.

Crux of the case:

In the time periods between 1970s and the 1990s, there were several scientists who came up with studies regarding the Ozone layer. Some of them found that CFCs especially the ones being used as aerosol are the main culprits behind the widening of the Ozone Hole while other scientist came up with the opposite result. In other words, there were was already a consensus that something bad is happening to the ozone and some scientific minds claim that CFCs contribute to the ozone depletion, however, there was no concrete scientific basis during those times.

What made the case sensational is that scientists found out that a mere five percent decrease in the ozone levels might lead to 8,000 new cases of skin cancers. Also, CFCs lives are between 20 – 100 years which makes their potential adverse effect to the nature irrevocable if proven later on which actually happened in 1987. As there was no complete agreement in the scientific arena about the potential adverse effects of CFCs to the ozone layer, DuPont argued that they should be allowed to continue production of CFCs until such time a concrete study is done to prove its adverse effects. This is even though the safety of all inhabitants of Earth will be put at risk and in uncertainty.

To complicate matters further, some groups claim that even before the Montreal Protocol and the recorded widening of the Ozone Hole in the Artarctic, DuPont has already developed technology for safer alternatives (Hydro fluorocarbons or HCFCs) but chose not to shift production in order to increase demand and ultimately increase its price.   Also when a local ban in the US was put in place, DuPont instead of completely abiding shifted its focus on developing countries which has no ban in place. Thus it really squeezed what it can from CFCs before it phased it out of the market despite its potential adverse effects to the environment.

Conclusion:

As I have stated in our presentation, it was not easy approaching this case as no entity or person was really held responsible over the adverse effects done to the ozone. We tried exploring DuPont’s point of view in aftermath of the case, however, we discounted it eventually as it was hard to think that DuPont will become a better citizen of Earth. This was based on our research that after this case the company was also involved in another case involving disposal of toxic wastes in deep in the earth that led to the poisoning of water supply for 131,000 people in Delaware in the US. Before all of this, the company was also involved in the production of Tetraethyl lead (TEL) that caused the decrease in IQ of two generations of Americans. Just as the previous cases mentioned, DuPont made every single way possible to keep production of this products even to the extent of establishing dummy organizations to deceive the public.

In the end, we conclude that the problem with DuPont is the integrity of management. They were ready to make decisions as long as they can justify its legal even though it’s not ethical and sustainable for the environment. Based on our research, the company still remains one of America’s biggest and influential companies at the same time being among the dirtiest ones as well. This made us approach the case as how should the company make a decision that is ethical and sustainable for all stakeholders during the period that there was scientific uncertainty about the adverse effects of CFCs to the ozone layer.

We recommended that DuPont should have completely shifted to the production of alternatives immediately while still investing in R&D for superior alternatives as it was later on proven the HCFCs are also considered as an Ozone Depleting Substance (ODS) later on but is more environmentally friendlier than CFCs. DuPont may argue that it will have significant impact to their profits, however, based on our research this will only be temporary especially in the short-term because at that time they were the only ones that have this technology and is in position to dictate and lead the market. By doing so, they will be able to protect their profit margin and most importantly keep people’s safety and the safety of the future generation which will also be the source of the company’s future profit. 

Friday, November 6, 2015

Journal Number 11 – “Human Rights”

According to the United Nations Office of the High Commissioner for Human Rights (OHCHR), “Human rights are rights to all human beings, whatever our nationality, place of residence, sex, national or ethnic color, religion, language, or any other status. We are all equally entitled to our human rights without discrimination. These rights are all interrelated, interdependent and indivisible.”

The above is what we discussed during the last session. I personally believe that our country has improved a lot with regards to this issue but we still got a big room for improvement. For example in big cities like Makati and Manila you will not probably notice human rights abuses that much but when you go the far flung areas like in Mindanao, you will see be shock to see and be in disgust with the situation there.

At the moment, as a student and a citizen what I can do to help with regards to the issue is very limited. However, I am very willing to do whatever I can. Based on studies and history, we as a nation has a history of being discriminative to people even to those that are our own. This is especially the case for those that are in ethnic tribes, the less fortunate, and the uneducated. We tend to judge people base on where they came from, what the color of their skin is and what’s their status in the society. As I’ve stated above, I believe we have improved a lot but we still can and should improve with regards to this issue. What we can do as a private individual is utilize what we have studied in school and was taught to us in church. Though we have the natural tendency to discriminate, we can always stop for a moment to think and rationalize things base on our knowledge before we act or speak. If we do this we can make our environment better in our own little ways and if everyone does this then perhaps we can have a bigger impact to our nation and maybe to the world also.

Monday, October 26, 2015

Journal Number 10 – “CSR”

What is Corporate Social responsibility? According to the video presented in class, it is “good business for good society for today and tomorrow. “ Personally speaking, I completely agree with this definition as it is very simple and it is what I have come to realize after all of the previous class sessions. This is especially the case when we have discussed how SAS was able to sustain double digit growth despite competition and significant events that affected the global markets. They have achieved this feat by investing significantly in their employee’s welfare. They have provided benefits which were unheard of and  other companies would not normally provide like free day care for employee’s children and restaurant quality meals to name a few. This lead to employee job satisfaction that further lead to dollar amounts for the company as employees are more motivated and inspired to work.

What struck me the most during this session is it enlightened me more about what really CSR means. Previously, I view it as something done only by big corporations that has enough means to have such programs in place and because they are required by law. However, after this session I now know that yes companies use this as a tool for marketing but it is not just that as at the same time it encourages others to do the same. In essence, it is a win-win solution for the company as it is being rewarded for doing good to the society.

In addition to the above, I also realize that indeed it pays to appreciate how the company makes money than how they spend it. Here in our country, there are many tycoons who do admirable philanthropic acts through their foundation. People look up to them and praise them as normally people associate CSR with charity. However, if you look a little deeper you will find that they may be committing unethical practices in generating money from their businesses which funds the admirable programs of their respective foundations. I praise them for their charity but I do not agree that they will justify the means because of the end result. I believe that they can still achieve the same results without resorting to what they are currently doing as being a responsible member of the society is proven around the world to pay back dividends in the future. 

Tuesday, October 13, 2015

Journal number 9 - Ford-Firestone Debate

Background of the case:

The Ford-Firestone Case is about a huge business debacle between Ford Motor Company (Ford) and Firestone Tire & Rubber Company (Firestone) that caused hundreds of lives and billions in damages for both companies. This controversy also tore the long-time relationship of the two giants in the automotive industry, which began in 1896 when Henry Ford—the founder of Ford-- asked Harvey Firestone—the founder of Firestone-- to create tires for his experimental vehicles. It was also known for the high number accidents involving Ford Explorers fitted with Firestone tires.

In 1990, Ford launched the Ford Explorer, a Sports Utility Vehicle (SUV) that boomed the sale of SUVs in the United States market. Ford sold 3.6 million units of Explorer, which quickly became the number one selling SUV in the US, booking Ford profits.

In 1998, Sam Boyden of State Farm Insurance received a call from a claims adjuster about a case of Firestone tread separation. Upon his investigation on the inquiry, he discovered several cases of claims pertaining to cases of Firestone tread separation. After seeing the Firestone tire cases filed, he sent an email to the National Highway Traffic Safety Administration (NHTSA)—an agency under the Federal Department of Transportation—to notify the unit.

In May 2000, after recording 90 complaints, including four deaths, NHTSA formally started an investigation. The investigation covered the AT, ATX, and Wilderness tires, totaling 47 million, all made by Firestone from 1990 to 2000. During the succeeding months, the number of complaints as well as the number fatalities was rising. In August 2000, Bridgestone-Firestone, announced a recall of its 15” tires, which included those installed in Ford Explorers (model 1991-2000).

Crux of the case:

The case suggested that both Ford and Firestone were aware of the tread separation incident earlier than when initial complaints were filed against the 2 companies. Even though similar incidents were reported outside USA such as Saudi and Venezuela, Ford held back in rectifying the situation. This is because the company is too much focused on dollar revenue and loss. They took a chance on the possibility of not having similar accidents, therefore avoiding a huge recall cost. Also, as the profit margins on Ford SUVs are significantly higher than other models, they opted to forcefully meet their target release date by implementing workarounds to mitigate safety risks. It shows how the management culture is leaning towards market share dominance and meeting deadlines to ultimately gain more profit.

Furthermore, before shutting down the Firestone’s Decatur plant and laying-off a number of employees due to the aggregate costs of tire replacements and product liability lawsuits to Firestone, union workers at the plant were in a 10 month-old-strike in 1994. The plant was operating with replacement workers and managers. The change in work shift schedule from 8 to 12 hours resulted in a labor strike. Performance and quality of work from the laborers were greatly affected due to extended shift hours and outdated manufacturing equipment. This has led to the reason why most of the incidents received were from tires manufactured in Decatur plant.

Argument:

Firestone may argue that the rollovers are the results of  design flaws on the Explorer as there are evidence that Ford rushed its design. In addition to that, Ford tested the Firestone tires on a mule rather than an actual Explorer as there is none available during the time of testing.

On the other hand, Ford may argue that the main reason for the accidents involving the Explorer are due to the defective and poor quality tires that Firestone produced. This is because when they used other tires such as Michelin there were significantly less occurrences of accidents or there are hardly any.  

Impact of the case:

This does not only lead to the end of a century long partnership between great American companies that are greatly admired by others but it also opened the world's eye to other early warnings that may lead to a catastrophic event. In this case, there were already signs such as those reported accidents in the Middle East but they were ignored as they were not given that much of an importance in America as it happened in a different country.

Conclusion:

In my opinion, Firestone and Ford should have just collaborated with each other to combine their resources and address the needs of their customers whether it be financial for those that were already injured or a recall and replacement for those that were fortunately not yet involved in an accident. By doing this, they could have at least preserved their reputation to the public that may have saved  the customer confidence that they have lost in the following years.

In conjunction to the above, it is clearly seen that both of them have faults. Firestone produced defective and poor quality tires while Ford should have done further testing on the Firestone tires especially when complaints are pilling up. They know something was wrong but because of their long relationship with the other they decided to take their words as it is. 

Most importantly, Ford can not argue the fact that when other tires were used instead of Firestone, there were hardly an accidents. This is because they should have taken full responsibility as people will buy a car because of the brand of the car (in this case Ford) and not because of the brand of the tires.  


Wednesday, October 7, 2015

Journal number 8 – Service Learning Part 1

For our Service Learning our group decided on helping Handog Tungkod Project. Our objective here is to give canes to senior citizens.

Before we decided on the above, we were considering teaching kids financial planning (how to save money). Personally, if given the chance, I will pursue this as it is a personal advocacy of mine. I often think what would have happened if I knew how to save and invest when I was still in school. It’s not that I don’t save; actually I am very disciplined with money. Unfortunately, back then the only way that I knew is to keep my savings in the bank. The problem with this is you save money for the longest time that you can but in a time of need it devaluates because of inflation and most of the time I zeroed it out as it does not grow. The reason we did not pursue this is because we couldn’t get an organization to conduct this seminar.  We thought of schools but since our schedule only allows us to have the event on a weekend, as we are all working full-time this was discounted. Finally, we decided to look for an orphanage but we couldn’t get any confirmation from the orphanages that we reached out to.

Our third option was to conduct a sports event in a community or an organization for children. What we hope to achieve here is to bring them outdoors away from their gadgets like PC, mobile phones, tablets to name a few. We were thinking of naming the event as “No CoC day” or “No Dota day” as children nowadays tend to play more electronic games which is proven to be very unhealthy compared to traditional outdoor games. One of our group mates has already a sponsor institution in the works, however, as with the previous; we were again to have confirmation from the organizations that we reached out to.


Overall the experience was very interesting and enlightening in the sense that we were going different directions at one point but thankfully we have a more concrete direction at the moment. It also made realize that starting my mba is really worth it as I am learning a lot from my group mates. I may not be in their industry but just sharing to them my thoughts and hearing theirs is already a way of learning. Most importantly, while learning, we will also be able to help or give back to the community in the very near future that otherwise will be impossible on my own.

Sunday, October 4, 2015

Journal number 7 – Brian’s Franchise


Background of the case:

Brian is a well-off American who dropped out of college and is now living in Amsterdam. Previously, he owned a large franchise chain of small indoor farms specializing in growing marijuana in the United States. He developed this expertise by participating in research about developing new breeds and indoor farming. Due to the governments effort of eradicating marijuana in the US, he decided to sell his franchise and move to Amsterdam where selling the crop is legal.

Crux of the case:

We all know based on popular knowledge that marijuana is legal in Amsterdam, however, after watching the video that was presented in class; we were surprised to learn that indeed it is legal to sell but it is illegal to grow or produce beyond a certain limit, making it not commercially viable. Initially, it really made no sense to me. I was thinking whether the government was promoting marijuana or not because it seems like it’s contradicting itself. After researching, I found out that the reason behind this is sometime in the 1970s, the government was dealing with widespread use of marijuana, LSD, Speed, and other recreational drugs. The government then determined that this was just a phase in puberty which hopefully will disappear with maturity. Furthermore, the government argues that in the US, sometime in the early 20th century, when they banned consumption of alcohol it lead for more problems as the youth craved alcohol more than before. They wanted to avoid this situation that is why they allowed the use or selling of the marijuana with strict regulation.        

Moving back again to Brian’s case, he was so brilliant that he was able to utilize a computer to grow marijuana indoors at a time when computers are not yet as popular as to day. He could have used that talent of his to improve farming technology around the world but instead he chose to produce marijuana which is only legal in very few places in the world.

Conclusion:

There are now recent studies done that proves marijuana despite of its addictiveness has medicinal values. However, as it remained to be addictive, I believe that for medical purposes it should be made legal but stringent regulation should be put in place first. I also believe that if we make the crop legal, people will later on start looking for something more. My sister’s fiancée told me that in Canada drinking is normal and it does not give the same amount of adrenaline as smoking pot. This is why I believe that legalizing it for commercial purposes should not be allowed as  it may turn to a better evil in the future.

Thursday, October 1, 2015

Journal 6 – The Ford Motor case – “What’s legal is not always ethical”

Background of the case:

In May of 1968, the Ford Motor Company, based upon a recommendation by then vice-president Lee Iacocca, decided to introduce a subcompact car and produce it domestically.  In an effort to gain a large market share, the automobile was designed and developed on an accelerated schedule.  During the first few years sales of the Pinto were excellent, but there was trouble on the horizon.
Thereafter, there were a lot accidents associated with the Pinto. The reason was a design flaw regarding the location of its fuel tank. Based on several crash tests, when hit from behind at a certain angle at a certain speed there’s a probability that the fuel filler pipe will disconnect that will result to gas spillage that may lead to dangerous fires.


Crux of the case:

Ford already know that there’s a flaw in their design and what’s worse is that internal documents shows that they have already developed a technology that would greatly reduce the probability of a Pinto igniting after a rear-end collision. They have estimated that it will take them about $11 per unit to make the necessary changes or $137m in total. In making the decision, they have used the risk/benefit analysis and determined that the cost of doing nothing is only $49m. In this regard, they opted to do nothing even though they know this may lead to 180 burn deaths, 180 serious burns, and 2,100 burned vehicles.


Argument:

Ford’s argument is that they made the decision based on what the National Highway Traffic Safety Administration (NHTSA) required them to do so. The risk/benefit approach excuses a defendant if the monetary costs of making a production change are greater than the "societal benefit" of that change.It’s really surprising but what Ford did was really legal and in fact it was based on a ruling done in 1947 in the US.

In spite of it being on legal grounds, Ford was judged on several cases to pay damages. This is because the court argues that “human life should be protected no matter what the cost is.” 


Impact of the case:

As a result of this, many American buyers avoided buying Ford cars that lead to America losing a significant portion of the auto industry in the US and around the world. This is despite the fact that American’s are known to be patriotic consumers, however, as they felt that they may die riding a Pinto they bought foreign cars instead. This paved the way for other manufacturer’s such as Japan to have a significant portion of the industry.


Conclusion:


Not all legal things are ethical. We can argue that during the time that the actual case happened, there’s no way probably that we will have the same answer we have today. This may be because that there’s an existing law predicament at that time suggests that it’s perfectly alright to do nothing.  Furthermore, ethics is not really discussed during that time. However, when faced with decisions like this we must always choose to save human lives. Instead of using our heads, we must use our humanity and ask ourselves if we would be happy to be on the receiving end of this decision. Only then can we make a decision that is ethical, moral, and right even if there’s no set benchmark yet.

Thursday, September 24, 2015

Journal 5 –Ethical Principles in Business

When in face of a decision, what would you choose? The one that would benefit many, the one that would respect the rights of an individual or would you rather base your decision according to culture or religion? This was what was discussed during our fourth session. It was really interesting as there’s really no right or wrong answer especially when you look at different points of views.

During this session, we discussed the Five Ethical Frameworks. They are Utilitarianism, Rights and Duties, Justice and Fairness, The Ethics of Care and Virtue Ethics. Without delving into the specifics imagine a doctor making a life and death decision. Currently, his got a patient who was just into a vehicular accident and has a very slim chance of survival whilst on the other hand his got other patients waiting for immediate organ donors. Should the doctor try to save that patient and risk saving no one in the end? Or should the doctor play safe and harvest his organs to save more people as his got only a slim chance of survival? It’s a bit tricky choosing to save an individual versus choosing to save more people at the expense of one. In this instance, it’s helpful to evaluate the choices according to the Five Ethical Frameworks as “no single framework is perfect.”


I also asked our professor during this session a conversation I had with my colleague from Australia. She shared to me that before they had a female colleague who was a Muslim. Her argument was its unfair that they have the same salary while she works more hours than her as the Muslim was given by the company her 3 prayer breaks (aside from the coffee breaks and lunch break) and a prayer room. She further argues that with the rise in cost of office space, the company was incurring more expenditure keeping the Muslim than her and their other non-Muslim colleagues altogether due to the cost of the prayer room. Our professor responded by telling it’s the same as companies providing a breast feeding room for female employees. It took me a while to process this and honestly I was not satisfied with the answer as a breastfeeding room will benefit all females regardless of religion unlike the prayer room which will only benefit only one or a only a few.  However, after thinking about it all night I finally seem to realize that it’s the same. Imagine if the Muslim was doing her prayers in the production room, in her cubicle, near everyone. It would probably distract or even annoy the other employees. On the other hand, if the company fires the Muslim it would be unethical as they will not be respecting her right to practice her own religion. This may in turn lead to reputational risk for the company that may have financial loss attached to it in the future. Thus, it really pays to consider other point of views, the Five Ethical Frameworks, and find a middle ground or compromise. Initially it’s hard especially our normal tendency is to look at our interest before others. However, with a little bit of effort in understanding the other side, we may be able to make the best ethical decision and make the pressure of making that decision more easier knowing the fact that we had considered all stakeholder’s interest.      

Saturday, September 19, 2015

Journal 4 – Life Plan

Formulating a “Life Plan” is a tricky one. Initially, I thought it’s going to be easy as I have already my short-term to medium-term goals already set in my mind and it is already in action (I’m already starting my mba studies). However, when I wrote it down and break it down to different priorities it suddenly became a little bit tricky and difficult.


I googled it up just to find something that can perhaps help me in creating my own “Life Plan.” Walla, a dozen results came up with different “funeral plans.” Good thing, out of the dozen, one came up from www.forbes.com.  It did not only provide a guide on how to write one, however, it also tells what the purpose of having one in place is. According to the site, “when we we’re growing up, we were taught that life can be predictable.” When you study hard, you will have your dream job, be happy, and become successful. However, this is not entirely true even for those who are already happy and in their dream job. Truthfully speaking, I completely agree with this as in real life there are always unpredictable things that happen. Furthermore, I believe our lives are not drawn on a straight line; every now and then, we make turns we did not want to make and sometimes even a u-turn. When this happens, rather than picturing our goals in our head, it is more ideal to have a written plan, a “Life Plan,” in order for us to remain focused and be clear sighted towards achieving our goals. 

Sunday, September 13, 2015

Journal 3 – Life as a Juggler – My take on How to balance Faith, Family, and Work according to Pat Gelsinger.


Who’s Pat Gelsinger?

According to www.businessinsider.com, he’s the 15th most powerful person in enterprise tech last 2014. With an industry that’s about a $4 trillion, this no ordinary feat. He’s up there with Bill Gate’s and Larry Ellison to name a few.

With just watching the video and without googling him for more information about him, aside from those mentioned in the video, I was already at awe on how was he able to be so successful in his career while keeping a balance between his studies, work, family, and faith. I have heard and read about other influential persons before but never did I expect to hear from a Westerner giving great importance to faith. Not to be discriminate, but, I have only heard from American business leaders how they are ethical and respects human rights. However, hearing from them about faith and God – I really can’t remember any.     

Personally, I can relate to some of his struggles as we both came from a farming back ground and had our primary and secondary education from the country side. Coming to Manila for college, I was really scared and excited at the same time. I still can remember that my mom was somehow not keen on me moving out as we were never really been apart before. This was also like Pat’s case, however, aside from the city lights, we both know this is the right thing for us to do. He had also the insecurities that I had before with the city kids that are educated from better schools. Though he worked part-time for his studies while my education was entirely funded by my parents, we both proved that even though we’re from the province, with hard work, dedication and prayer we can prove that we can be at the same level as the city kids if not better.

What I really admire about him especially after reading also the 2 chapters of his book is he was really able to have it all. Today, we often hear that if you’re unlucky with your career, you will be lucky with your love-life or vice versa but very rarely be both. Personally, I really think he is lucky! I’m saying this because when he explained to his then girlfriend and now wife of so many years, Linda, why he’s only able to spend Friday nights and Sunday church with her only while other couples are seeing 4-5 times a week or more, she accepted. Having been in a couple of relationships already and being in the same situation, it was really hard to be in their situation. This is because I understand the fact that relationships are built, but in their case if they are not seeing each other as much as possible then, how will they build their relationship? Without being cheesy or bias, I think this is where Christ came in. God must have rewarded for living a Christian Life, with wisdom to understand each other’s situation and good health as Pat was working long hours in the office while studying at the same time and  as result not having much sleep or rest.

In his book, he describes life as balancing act, to which we are currently balancing 3 tennis balls at the same time. This represents career, family, and God. As time passes by and as our situation changes these balls changes to other heavier and bigger balls like softball and football, that makes it harder for us to balance our lives. There are many schools of thoughts on how to have a balanced life. Fortunately, I am in graduate school and I learned from Pat and this class that there’s really no such thing as “work life balance.” Instead, there’s only “living an integrated life.” That’s being the same person 7x a week wherever you are, whoever you are with. Regardless, if you are in work, school, or in another country which has a different culture. In his case, he has sights on his goals and has a plan, however, when unexpected things happened like when the doctor advised Linda that because of her health she has to have a child immediately, otherwise she might be able to do so. He carefully thought the situation over and married Linda the following summer. This is despite the fact that he barely has enough time already as he is studying and working at the same time. Personally speaking, experiencing having to work at the same time earn a graduate degree is difficult. It’s really hard to squeeze some time for friends and family. But looking back at Pat’s experience, it’s really possible as he was able to have a family, graduate with honours, and be promoted every year in his work.             

Sunday, September 6, 2015

Journal 2 – Values… Values… What are they?

According to the American Heritage Dictionary, values are the basic notion of what is right or wrong and are fairly stable over time. Also it is a principle, standard, quality, considered to be desirable.

This marks my 2nd blog for our graduate school requirement under Business Ethics. I must say that writing (blogging) is not my forte as compared to verbal communication in which I have various professional trainings and seminars before. Over the weekend, I just realized that this is the reason why I enrolled in graduate studies. It’s difficult but it is a necessary thing to breakout from the norm to enhance and develop skills which I am weak or I do not currently possess.

In our last class, our professor discussed “Values” and had us do a group exercise with regards to Rokeach Value Survey (RVS). This is for us to know what our values are and where are we similar and different from the rest in our group and in the class. Just to give a little background as to what the RVS is, according to Wikipedia it is a classification system of values developed by social psychologist Milton Rokeach. It has two sets of values called terminal values and instrumental values. Each is composed of 18 individual value items.

Terminal values are the goals that we work towards and view as most desirable. These values are desirable states of existence. They are the goals that we would like to achieve during our lifetime. Shown below is the list of 18 terminal values developed by Rokeach.


Terminal Values

A comfortable life (a Prosperous life)
Inner harmony (freedom from inner conflict)
An exciting life (a stimulating active life)
Mature love (sexual and spiritual intimacy)
A sense of accomplishment (lasting contribution)
National security (protection from attack)
A world at peace (free of war and conflict)
Pleasure (an enjoyable, leisurely life)
A world of beauty (beauty of nature and the arts)
Salvation (saved, eternal life)
Equality (brotherhood and equality opportunity for all)
Self-respect (self-esteem)
Family security (taking care of love ones)
Social recognition (respect and admiration)
Freedom (independence, free of choice)
True friendship (close companionship)
Happiness (contendness)
Wisdom (a mature understanding life)


Instrumental values are the preferred methods of behaviour. These values are not an end goal, but rather provide the means by which an end goal is accomplished. Character traits and personal characteristics, such as being imaginative and independent, make up most of the instrumental values. Shown below is the list of 18 instrumental values developed by Rokeach.


Instrumental values

Ambitious (hardworking, aspiring)
Imaginative (daring and creative)
Broad-minded (open-minded)
Independent (self-reliant, self-sufficient)
Capable (competent, effective)
Intellectual (intelligent, reflective)
Cheerful (light-hearted, joyful)
Logical (consistent, rational)
Clean (neat, tidy)
Loving (affectionate, tender)
Courageous (standing up for your beliefs)
Obedient (dutiful, respectful)
Forgiving (willing to pardon others)
Polite (courteous, well-mannered)
Helpful (working for the welfare of others)
Responsible (dependable, reliable)
Honest (sincere, truthful)
Self-controlled (restrained, self-disciplined)

Our task is to arrange the 18 values in each set according to our preference. It is really surprising that for terminal values we rank “a comfortable life” and “Family security” as the highest. During the discussion, we came to realize the reason that we do so is because it is a common Filipino/Asian trait to be concerned for the family’s well-being. Also, since we are mostly with the same age bracket and amount of working experience, we are all the same on striving to have a comfortable life in the future.

On the other hand, for instrumental values, we all rank being “ambitious” as our number one. This is because we could have spent the time being in this class on other things like having leisurely time with our family and friends, however, we chose to put in the effort and sacrifice to attain a graduate degree which we can use to leverage ourselves from the competition.

The most surprising realization for me in this activity is that among the three of us, both of us who are the firstborn in the family did not rank salvation in our top five. This is in spite of us being educated from Christian institutions throughout our primary to tertiary education. In this regard, I came to really understand that our values are not only affected by our culture, religion, race but also our personal life experiences. Should I have done this survey before when my father was still alive, I would have ranked “salvation” as my top most, however, since I am so focused on looking out for my mother and four siblings I did not really noticed that “salvation” is in the list not until I have already chosen nine other values.   


Understanding further the result of the survey, I found out that I am ambitious to have a prosperous life and to secure my family’s future. This made me realize that I have to give myself some slack and not to be too hard on myself. Most importantly, in pursuit of my goals and objectives, I needed to re-emphasize God in all things that I do. This is to have more meaning in my life as it may seem that even though I am Christian, lately I’ve been paying more emphasis to personal goals over spiritual goals.  

Saturday, September 5, 2015

Journal number 1 – The first step… finally! Start of my graduate studies at last.

I am excited, blissful, and nervous all at the same time. Finally, after a couple of years, I am now finally starting my graduate studies.

I initially applied for a different program in 2012. However, things in my previous work did not work as I had planned that prevented me from starting my studies. I have done the entrance exam, enrollment, and even paid my reservation fee but things just did not work for me back then.

Looking back, I can say it’s a blessing. It may be a cliché but it really is! So many things happened in the past 3 years that my goals and objectives back then are significantly different from what they are now. Fast forward to 2015, I am now with a different company, 10 years more matured (even 3 years just passed :D) and after a lot of reflection and consultations with my peers, here I am, officially enrolled and starting my graduate studies.


Being a Lasallian Business Leader


I am starting this blog as a requirement for one of my subjects in my first term in my graduate studies – Business Ethic and Corporate Social Responsibility. If I’m not mistaken, this is the longest name for a subject in our curriculum and I wonder will this be just like NSTP but just on a different level?  

After our first meeting, I can say it is really is not! I’ve been a Research Analyst before for a multinational data provider company before and I have read most of the financial statements of all the publicly listed companies in the Nordic region especially Norway, Sweden, and Finland. These countries are considered to be at the top when considering corporate social responsibility in the world. I do not claim that I know everything but I can say that I know a bit. Then again, those countries are in Europe and their circumstances are different from what we have here in Asia and here in our own country - the Philippines. With their culture and environment entirely different from ours, I always wonder if we can also achieve the same results if we do the same here.

To give an example, I wonder before why does foreigners afford to be away so long from work about 3 weeks or more straight. Is that alright with their company? Are those paid leaves? Here in our country oftentimes it’s really hard just to be on one day sick leave even if you are really sick. After some time, I found out that their companies put importance on their employees’ well-being. They are encouraged to spend time with their family and their government assist and promotes this through legislation and various incentives. Very recently I had a conversation with a two of my friends; one is a senior account manager and the other a manager at a call center. We were talking about paid leaves and they were telling me that based on our “Labour Code” the law states that the minimum is five per year. I’ve been with prestigious multinational companies before and I enjoyed always having 30 days off (15VL and 15SL). Hearing this, I was really shocked and it made me feel ignorant. Fortunately, I am in this class and Ms. Pia told us that our “Labour Code” is really out-dated and not anymore applicable to our current time. This is not the first time I’ve heard of this but hearing it from graduate school and someone who really know what she is talking about really made an impact to me. My friends told me that if I got more than that I should be happy. I don’t think I can persuade them but at least I know what’s right, humane and ethical.    


Life of St. John Baptist de La Salle


Honestly, I enrolled in the graduate school without knowing anything about St. John Baptist de La Salle. I just know that acquiring and developing skills here will be ideal for me to achieve my medium to long-term goals.

After watching the movie, I came to know who St. John de La Salle is and the impact of what he has done before to our current generation. He’s from an affluent family in France and was a canon in the church but he gave them all up to revolutionize the educational system.  This is in spite objections from his family especially his sister and uncle and the troubles he had endured from other teachers and other church people that are jealous of him. 

He taught every child he can for free and he even trained the people who wants to become a teacher.  Most importantly, he pioneered the classroom setting that we still currently have today that is more cost-effective and convenient compared the one-on-one system before. He may not have earned money for himself but I realized that he is indeed a “Business Leader” even though he is a priest and he teaches for free. This is because the community around him profited by having education to escape poverty. In fact our generation still profits from his works today.

I also realized that he is a “Great innovator.” Even with pressures from top church official he still insisted that having non-priest from the LaSallian brothers, whom he founded, is alright. This is very much unheard off during that that time but being the great innovator that he is, he understands the risks at the same time he understands that there are people who are very talented in teaching but is not keen on being a priest.


We are living in the modern era but we can still relate our circumstances to St. John de LaSalle. In our country, many people are still in poverty and uneducated. We are like St. John, we are the ones that are educated so we must take the lead like he did and help the people around us come out of poverty.