A business could only persist if it remains true to its mission. This is true in the case of Tesoro’s Philippine Handicrafts, founded by Nestor B. Tesoro, who was a lawyer by profession, and Salud S. Tesoro, who used to run a hat shop at a young age, in 1945 after the Second World War came to an end.
A sweet success ENTREPRENEURIAL COUPLES are often admired by society for braving what is usually assumed a complicated venture. Accounts of either the business or the relationship falling apart — or worse, both — have already formed an impression that such an endeavor is better off avoided.
The digital silk road AS THE DIGITAL trade route continues to push back the frontiers of business, more entrepreneurs, who once were limited to conducting business in stores, are taking their ventures online.
Dedicated to book lovers ALONG THE BUSTLING Tomas Morato Avenue in Quezon City lies a silent sanctuary for those who like to wallow in the world of books. It goes under the name of Popular Bookstore. 09/09/14
Coffee madness Third Wave coffee shops are abuzz the metro these days with one specialty cafe popping up around the corner to the other. In the heart of the Makati central business district is Yardstick Coffee, one of the first coffee shops that introduced to Filipinos just what artisanal coffee is all about. Meanwhile, a fellow pioneer in the movement, Magnum Opus Fine Coffees, could be found down South.
Behind the brew Establishing a business and making a name in a still young industry may be a tall order, but Paul del Rosario, owner of Fat Pauly’s Hand-crafted Ales & Lagers, doesn’t mind being one of the few catalysts for the recognition of craft beers in the country. After all, his love for the beverage is what prompted him to start the venture.
Together in the fitness business For Dandy Chua and Golda Padre-Chua, who have been happily married to each other for two years now, the bond that binds them is fortified by one of their longtime mutual interests: fitness.
SECTION Handmade bling Like most in the handmade trade, Marivic Macatulad, founder of Jumimo, started her craft as a hobby before she decided to turn it into a full-fledged business.
COLUMN Delivery reliability in the era of ASEAN Economic Community By the end of 2015, the Association of Southeast Asian Nations (ASEAN) will become a regional economy where products and services would be able to flow between member countries seamlessly without having to incur trade barriers or tariffs. Businesses within the ASEAN trade bloc will have the opportunity to sell to a market of 600 million people in 10 countries that when combined will be equivalent to the seventh largest economy in the world.
Keeping track of fixed assets Information technology (IT) systems have gone a long way in improving the operations of firms. Enterprise Resource Planning (ERP), for instance, has helped companies reduce inventories and increase service reliabilities. Sophisticated payroll software has streamlined management of wages and benefits. Security programs have kept out hackers and minimized theft.
Understanding demand patterns Supply chains have improved significantly in recent years. Firms have integrated procurement, manufacturing, and logistics via available information technologies. Executives have learned to measure their customer service levels and the total delivered costs of their products and services. Companies have optimized their global networks of vendors and customers to mitigate risk and accelerate new product introductions to their markets.
Getting the most out of ERP More than 30 years after it was introduced, Enterprise Resource Planning (ERP) has become the de facto standard operations management information system for most organizations. As technological innovations and attractive returns on investments have encouraged firms to bring ERP into their operations, the challenge always has been in getting it to just simply work.