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Tag: Benito L. Teehankee
What if big businesses were to make it their mission to address the leading social problems of the country? What if business leaders were to set the ethical tone from the top of their organizations and build corporate cultures that would make ethical business practice the norm and business scandals a thing of the past? What if business leaders were to have the empathy to know the needs of their customers, employees, and other stakeholders and take care of them accordingly? What if more business practitioners were to abandon the profit maximization mindset and, instead, aim for honoring human dignity and planetary sustainability while achieving their business goals?
Since the start of the community quarantine, many have referred to the health workers helping treat COVID-19 patients as “frontliners.” The term tugs at the emotions and signals an appreciation for the difficult work they do in helping fight the deadly virus. After all, we are at “war” with the virus, and the health workers are firing away with every weapon in their professional arsenals to keep as many infected patients alive as they can.
The Coronavirus has made many of us very afraid. Our fears are justified. While not enough is known about how to deal with the disease, the online Department of Health (DoH) COVID-19 Case Tracker reported on April 30 that we already had 8,488 confirmed cases of the disease, 568 deaths, and 1,043 recoveries. As the cases and deaths continue to rise, we all hope that the government and health authorities can find manageable solutions soon and that the people affected by the lockdowns will have the support and patience they need to weather this catastrophe.
ABS-CBN’s franchise says that it should “provide at all times sound and balanced programming; ...assist in the functions of public information and education; [and] conform to the ethics of honest enterprise...” In line with this, I believe the network needs to provide more balanced and independent reporting and analysis of important social issues to help Filipinos become critically engaged citizens.
I’m a regular ABS-CBN patron. I watch ANC, listen to DZMM, and watch Channel 2 for entertainment and excellent documentaries. I even have TV Plus in the condo. The network is part of my daily life, and I appreciate the services it provides. I’m kapamilya.
Our Constitution says that all economic agents, including corporations, shall contribute to the common good in order to achieve our country’s vision of a rising quality of life for all. More than 30 years after the ratification of the fundamental law, easily one-third of Filipinos are poor despite the official poverty rate now falling below 20% and healthy economic growth at nearly 6%. The World Bank reports that the country has one of the most persistent poverty problems in the region. And the concentration of wealth among the very rich continues to worsen every year.
Business leaders need to exercise more critical thinking to avoid and solve the problems businesses have caused in the last two decades. While business has created massive economic growth all over the world and lifted billions out of poverty, chronic management malpractices have also harmed consumers and worsened income inequality, environmental damage, and psychological and health issues for so many workers.
After years of debate and wrangling among legislators, workers’ associations and employer groups, the Security of Tenure (SOT) bill is now on the desk of President Rodrigo R. Duterte for signing. The bill seems sure to become law since the president himself declared it a priority based on his campaign promises.
For the first time, Harvard Business School and the Booth School of Business at the University of Chicago have not increased tuition for their MBA programs. Applications to the US business schools have been dropping due to online alternatives and more specialized courses. Worse, many international applicants have been scared off by anti-foreigner sentiment in many parts of the US. Some business schools, such as the University of Illinois Gies College of Business, have gone further and shut down their on-campus MBA programs altogether.
The recent elections were quite unusual. The near total shutout of the opposition, the staggering losses among political dynasties and the emergence of millennial-elected leaders are just among the remarkable results we are seeing from the unofficial results. As expected, these unofficial results are already being contested. The mysterious failure of the Comelec transparency server gave new meaning to the word oxymoron. Failures of both voting machines and memory cards were reported in record numbers. Yet the Comelec and PPCRV assess the elections to be within the normal range of acceptability.
A few days before Christmas, I, like many others, was shocked to see Facebook videos purportedly showing an Ateneo high school student using his martial arts skill to assault and humiliate a schoolmate inside a restroom. The videos were disturbing not only because of the humiliation and physical harm inflicted on the victim, but more so because of the way the young man appeared to take pride in bullying his schoolmate not only in plain sight of others but also on video.
In 2016, Klaus Schwab, founder of the World Economic Forum, heralded the arrival of the second machine age and its promise as well as threats for business and society. In his 2018 book titled after the phenomenon, Schwab explains that the basis for the so-called “fourth industrial revolution,” commonly abbreviated as FIRe, is not only new technologies alone, but also the new ways through which people and things are connected to each other and are communicating in new and faster ways.
Whether here or abroad, the level of nastiness in national politics in recent years has reached perhaps its highest peak in history. It often appears that the gloves are off for most candidates, many of whom find it appropriate to make the most horrible public comments about others, often their opponents or critics, but sometimes even completely uninvolved people.
I was recently in New York to meet colleagues in the International Humanistic Management Association (IHMA). Over the three-day meeting hosted by Michael Pirson at Fordham University, we planned how to accelerate progress towards our vision in IHMA: “We envision a society and an economy that works for all. Such a society promotes organizing practices that honors the inherent value of all life and protects human dignity. Management practices in such an economy promote human well-being and focuses on flourishing of all life.”