John gokongwei
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John Gokongwei Jr. is a Chinese-Filipino businessman and the third richest person in the Philippines as of 2010, with a net worth of $1.5 billion. He has holdings in various industries including telecommunications, financial services, petrochemicals, power generation, aviation, and agriculture. Gokongwei had a humble upbringing and started his first business, a secondhand goods store called Amasia, after his father's death to support his family. He grew his business empire through hard work and risk-taking, establishing major companies like Universal Corn Products, JG Summit Holdings, Cebu Pacific Air, and Universal Robina Corporation. Gokongwei faced many challenges but transformed them into opportunities
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John gokongwei
- 1. By: Karen delos Santos
Editor's Notes
- Sentence 5: Gokongwei became a market vendor and was the youngest in the palengke. He decided to trade in Manila where everything was in short supply. To reach Manila, he traveled by a batel – a small, sail-powered outrigger. On a trip, the batel hit a rock and sank. Fortunately, Gokongwei had loaded the batel with rubber tires he planned to sell in Manila. By clinging to the tires, Gokongwei and his fellow passengers were able to make it to the shore as each passenger had hung to at least one to keep from drowning. Sentence 7:Two factors that made Gokongwei to rethink his business was first, he realized that trading would in time become a low-margin business, as they would always be at the mercy of their suppliers and buyers. Second, a change in government policy favoring local production over imports loomed. Gokongwei diversified into manufacturing different products. The problem was; Gokongwei didn’t have enough capital.
- Entrepreneurs gladly accept change. If it is not happening, they stir up the status quo and make important changes. Change is inevitable. Instead of being the victims of change, entrepreneurs just look for opportunities to make the best out of important changes. Jchzjhf Failures are a part of life. Deal with it.
- The Lasallian MASTER recognition was awarded to Mr. John Gokongwei Jr. at the launching of the DLSU College of Business and School of Economics last June 11, 2010 at Dusit Hotel in Makati City.