Chapter 6 INDUSTRY ANALYSIS PESTEL Analysis Economic Factors The Philippine economy is progressively increasing according to the World Bank Org. According to the date compiled by CNN Money, the Philippines is projected to be the fourth fastest in the world, that has a GDP at 6.7%. It is projected that the Philippines economy is higher than Bangladesh 6.3%.The agriculture is one of the factors that affects the economy of the Philippines. It contributes the GDP and labor force in the Philippines. Poultry farming or livestock is included in the sector of agriculture. It is important because it serves as a food source for many people. Chicken is considered a necessity good and also the second produced meat next to pork. This is because of the changing preferences of the people. Filipinos are considered to be more in pork than chicken. Fast food in the Philippines is increasing and mostly served in the restaurants, making it to have a high demand to consumers. Social Factors Filipinos love to eat and for this reason, many entrepreneurs in the Philippines ventures into food and beverage service business. Filipinos wants food, beverage and cooking choices to be fast, easy and convenient. They are also now choosing a healthier …show more content…
This includes the opening hours, taxation and employment regulations such as the Regional Daily Minimum Wage Rates issued by Department of Labor and Employment. Business located in the region of NCR. In operating a business, first is that the business name must be registered to DTI and BTRCP. After this is that, you must get business permit from the municipal hall, barangay hall for the business clearance, BIR office to get TIN/Certificate, DOLE for businesses with five workers or more and register business, PhilHealth because all of the employers are required to register their employees. Philhealth manages and administers the government health care
The last forty-five years has seen a significant increase in world animal protein production. Since 1967 global production of poultry meat has increased by around 700%, eggs by 350%, pig meat by 290%, sheep and goat meat by 200%, beef and buffalo meat by 180% and milk by 180%. Livestock are increasingly important to the food security of millions of people. (Leyonhjelm 3)
The external environment in which the Bahamas operates has changed faster than ever by the factors of the PESTI analysis. PESTI analysis also known as PESTLE analysis on brighthubpm.com website is described as “a tool that is used to identify and analyse the key drivers of change in the strategic or business environment”. The tactfully abbreviated terminology embodies each important aspect of the external environment including Political (legal), Economic (environmental), Social, Technological and International.
Livestock's contribution to farming agriculture is significant, but over the past few decades, livestock farming has shifted
Out of all the meats, chicken is chosen because of the high demand for it in comparison to others. For instance, Australians average out on consuming 46.2 grams of chicken per day, this being the leading meat eaten. The predecessor
I would like to specifically discuss the effect of the recession to the Philippine economy. As
For my first group interview, I found myself interviewing a few members of UCSB’s own Filipino organization, Kapatirang Pilipino, which provided an unmediated view of the allure and desire that surrounds balut. I gained rapport by giving them my own first experience of eating balut, easing in much more quality and refined responses. Afterwards, I provided a picture of balut on my phone, to which most of the informants responded with laughs and smiles, understanding that although it does not look appealing, it is an embedded part of Filipino culture. I asked why Filipinos consumed balut in the Philippines to which all unanimously said it was a cheap source of food and was practically a sign of one were a “true Filipino”. Then I proceeded to
Our country is rich in culture; the occupation of the Spanish, the American, and the Japanese gave the Philippines its diverse and unique culture. This exceptional culture we have in our country has produced numerous brilliant individuals, who up to this day are still well recognized. So it is safe to say that part of the reason why they became who they were is because of their culture; because of our culture. (Ong, 2011)
So, after meeting with Dan Kenny and Nitasha Rohatgi we feel that it may be easier to gather data from the supervisors. This would eliminate the need to pull any of the reps from their calls. Believe me, I know how important it is to make sure the department has proper coverage.
Poultry plays very important role for mankind through food supply, income and employment generation, providing raw materials to some industries, facilitating research works etc. Family poultry makes up to 80 percent of poultry stocks in low-income food-deficit countries (Pym et al., 2006) where owners raise poultry in small numbers ranging from single birds up to a few hundred.
Introduction Although many still think of the Philippines as an agricultural economy, strictly speaking, it is not. Agriculture, fishery and forestry directly account for just one-fifth (20 percent) of the economy’s aggregate domestic output (GDP). Ever since the 1960s, the direct share of agriculture in the GDP had fallen below one-third, and by 1981, the sector’s share had decreased to only 23 percent. Growth from this level was rather anemic, averaging 1.7 percent per annum during the period 1981-2003, compared to the average overall GDP growth of 2.6% over the same period. While agriculture output was largely
The GDP is expected to grow in the range of 6-8 percent for the next few years to come, and is expected to cross that of US by 2018.
The presence of giant pizza companies from its origin, Italy, and from its Western counterpart, the US, in almost every corner of the metro is enough to reveal the Filipinos’ love for pizza. Next to fast-food chains selling burgers, the most patronized parlors are those engaged in pizzas and it makes a potential high-income business. Pizza industry in the country is dominated by Pizza Hut, Shakey’s and Greenwich. Having a strong brand equity in the pizza industry allows a company to gain a significant advantage in the market. Customers in the pizza industry place a high value on the product quality and price of a company. Maintaining a good reputation is very important in this industry for companies because customers will build a relationship with the company and will keep on coming back or ordering from that company if they feel like they are getting a good deal.
Salt is abundant in a land that's almost surrounded with ocean and seas. The Philippines being an archipelago will never run out of salt. And so we guess that eating salty food is an acquired taste among Filipinos. It's how we preserve our food – we salt them and ferment them. Salt is perhaps the most important condiment in the world, and for us Filipinos, a little more salt doesn't hurt especially since we like our food extra briny.
In the past few years, Macau has become an international destination. The liberation of gaming license had bought about large foreign investments and facilities infrastructure. Macau, a sparkling metropolis at night, is home to thousands of overseas Filipino workers . One of its eye-catching characteristics is certainly its large Filipino community. Filipinos represent the second largest group of non-resident workers in Macau after mainland Chinese. It also becomes abundantly clear that these people are mostly found working in lower paid jobs. Maybe because the most compelling advantages the Philippines has over any Asian country, is the fact that Filipinos are competent and highly-educated. However, more
Philippines is primarily concerned on the issue of Filipino workers leaving the country for temporary work, which results into the loss of human resources. As reported, a number of professionals, technical and skilled workers and even craftsmen are found to be working overseas. The said trend of Filipinos working overseas started since middle of seventies (1970’s) after the Labor Code of the Philippines was passed. Since then, the numbers of Filipino workers opting to work abroad continue to increase. From 7.3 million, perhaps 8% of country’s population is choosing to work abroad in 2004, there is now about 9 million or 10% of the country’s total population. However, it is important that the numerical data suggested above is an estimated and about 42% of the total numbers are Filipinos who are permanently working and residing overseas.