The Philippine business environment is shaped by various micro and macro factors, such as adverse weather conditions and cultural preferences, which companies must navigate for success. Notably, the rise of business process outsourcing (BPO) in the Philippines has significantly bolstered the economy, contributing to GDP and employment. Additionally, when expanding internationally, businesses must consider political, economic, social, and technological factors specific to each country to ensure smooth operations.

1. LOCAL BUSINESS
ENVIRONMENT

2. . The Philippine business environment is influenced by a
lot of factors both in the microenvironment and
macroenvironment.
These factors all combine to create a unique business
environment to which companies and organizations must
adapt in order to become successful.
One major consideration for Philippine businesses is the
weather.

3. Any adverse weather phenomena, such as
typhoons and droughts, may result in the
loss of crops which leads to an increase in
food prices. Natural disasters such as
earthquakes can bring about disruptions
in businesses and industries due to
property damage and casualties.

4. Aspects of Philippine culture should also be considered
by businesses especially when they endeavor to provide
products and services in the market. Certain local
products, such as native cuisine and handicrafts, may
have a strong market in certain areas but may perform
weakly in other places in the country. Businesses who
wish to bring foreign products into our local market
should also be mindful whether these products are
acceptable in Philippine culture. Filipinos are often
inclined to purchase or patronize Western products,
particularly American brands, as evidenced by the
popularity of American-made products and services.
Other businesses, however, appeal to local sentiments and
preferences by featuring local products that use local
ingredients or materials.

5.  Business opportunities and threats should also be considered
in the local environment. At present several BPO companies
operating in the Philippines take advantage of the cheap
operating and labor costs, as well as the highly skilled
workforce among Filipinos. They have reaped much profit
from their operations in the Philippines, about 15 billion
dollars as of 2013. The industry, in turn, has also greatly
contributed to the ye to growth of the Philippine economy. As
of 2013, BPO companies have contributed about 5% of the
Philippine GDP, and employed almost one million Filipinos.

6. Reported by: Angie T. Verzosa

7. .KNOW YOUR JARGON
Externality-a samohiro consequence of any economic activity which affects
unrelated third parties .
Inflation - an increase am in the prices of goods and a decrease in the
purchasing value of money
Quotas-restrictions in international trade by limiting the number of exports or
imports in a country for a certain period.
Tariffs-taxes to be paid in a particular St on import or export transaction

8. INTERNATIONAL BUSINESS
ENVIRONMENT

9. The international environment also consists of the
political, economic, social, and technological
environmental forces. These must be considered when a
company decides to expand its business overseas, as
different countries provide a variety of opportunities and
threats for the business.

10. A company operating with international branches
should take note of the political environment,
particularly the stability of the government of the
country where it operates. Different countries have
different trade laws and policies. Taxes, quotas, tariffs,
and other trade regulations can affect a company's
operations so it is important to monitor the changes in
these laws in the country concerned. Copyright laws
and patents may also differ from country to country.

11. Many international companies take advantage
of lax labor laws in certain countries like
China. Other companies take advantage of tax
and trade exemptions offered by certain
countries. The Philippines, for instance, has
established free trade and export zones in
Clark,

12.  Companies should also consider the economic environment of the
country such as presence of infrastructures that support economic
activities. Railroads, ports, power plants, schools, commercial
establishments, markets, utilities, and communication systems
should be evaluated. A country may offer a huge market, but its
infrastructure may be less than ideal for business operations.
Additionally, companies should also consider the average income
of the population. A product may be popular in a certain country,
but the general financial situation of the people may prevent
potential profitability.

13.  The social environment includes cultural differences. Companies
entering the international market should learn the proper cultural
practices and taboos. Taboos are social or religious customs that
prohibit, for example, discussion of a particular practice or association
with a particular person, place, or thing. In Japan the Japanese observe
a strong group orientation while in Arab countries, women are not
given management positions. There are also language differences so
managers should understand the colloquial meanings of words when
translated in other languages. Misinterpretations may occur if
managers are not careful with the use of language. Rewards and
punishments given to employees should be carefully studied since
people across the world have different and particular methods of
motivation depending on their cultural

14.  Lastly, a company should also consider the technological factors in the
conduct of international business. It should ensure the compatibility of
the available local technology with the technology it employs in its
operations. A company should also ensure that the country has an
available workforce that is sufficiently competent to handle the
technologies that the venturing company will introduce. The potential
benefits and harm that might result from the introduction of
technologies should also be taken into account.

15. The goal of humanistic education is to contribute to
the development of energetic, positive, self-
respecting, caring human beings who can meet all
challenges.
The approach seeks to engage the whole person:
the intellect, feeling life, social capacities, artistic
and practical skills are all important focuses for
growth and development. Important objectives
include developing children's self-esteem, ability to
set and achieve appropriate goals, and