Government as an Enterprise

In: Business and Management

Submitted By katrinapelotin
Words 1803
Pages 8
Issue:

The government (Philippines) is one big enterprise. It is equipped with adequate resources to manage its affairs in fulfilling its mission to provide basic social services, infrastructure development, etc. As a student of MBA, assess and react on its present economic status taking into account the financial difficulties brought about by national calamities, graft and corruption, mismanagement, bloated bureaucracy, etc. What innovations do you suggest/introduce to uplift its economic status?

Our country is one of the world’s fastest growing economies having an emerging economic status. In Asia, Philippines is the fastest growing Asian country. This is evidenced by 7 percent increase in the domestic economy for the third quarter in 2013 having a gross domestic product growth of 7.4 percent in the first three quarters compared with 6.7 percent in the same period in 2012. A property boom and the services sector were the main drivers of the economic expansion. However, our economy is expected to grow about 7 percent only by end of the year as expansion in October-December is stunted by Typhoon Haiyan. Economic Planning Secretary Arsenio Balisacan said Super Typhoon Haiyan would cut up to 0.8 percentage points from gross domestic product growth in the last quarter of the year.

Yes, we all know that Philippine economy faced very difficult issues but challenging year in 2013. Let me mention the famous ones, on political and financial issues is the pork barrel scam or what is known as Philippine Assistance Development Fund (PDAF) case, political confrontation between Muslim rebels and government forces (Zamboanga war), “word wars” in senate involving our great political leaders – Senators Miriam and Enrile and the unauthorized release of government funds due to fake SAROs (Special Allotment Release Orders). On natural calamities we have…...

Similar Documents

Government

...commenced in 2007, do banks every so often get into trouble and create serious problems for the country? Banks have two important economic functions. First, they operate a payments system, and a modern economy cannot function well without an efficient payments system. We make most of our payments by writing checks, swiping credit cards issued by banks or tied to them, and by paying bills via online banking. Most of the money stock of the country is in fact bank money; the rest of the currency is “legal tender” issued by the government, namely Federal Reserve Notes and coins. We have confidence in bank money because we can exchange it at the bank or an ATM for legal tender. Banks are obligated to hold reserves of legal tender to make these exchanges when we request them. The second key function of banks is financial intermediation, lending or investing the money we deposit with them or credit they themselves create to business enterprises, households, and governments. This is the business side of banking. Most banks are profit-seeking corporations with stockholders who provide the equity capital needed to start and maintain a banking business. Banks make their profits and cover their expenses by charging borrowers more for loans than they pay depositors for keeping money in the bank. The intermediation function of banks is extremely important because it helped to finance the many generations of entrepreneurs who built the American economy as well as the ordinary businesses......

Words: 3430 - Pages: 14

Enterprise

...Enterprise Question 3 Enterprise had excellent growth in the last few years, with revenues reaching $3.1 billion worldwide for the year 1996, combined with a leaner cost structure, product and service differentiation and successful exploitation of a unique market niche. The company has been able to achieve over 20% market share in a highly competitive industry. A number of industry changes are occurring at the time of the case, including the consolidation of major industry players. New strategic moves implemented by Enterprise’s management should take into account these new industry dynamics and an increased competitiveness. Enterprise participates in a highly competitive industry. The market is generally divided into two segments: airport rental businesses and home-city rental businesses. Customers in the rental car sector have significant bargaining power and demand seems to be very elastic, leading to significant price competition. Price wars are generally higher in the airport business. Switching costs are very low given the lower customer loyalty and high product substitution. That is, prices charged by rental companies are limited by the alternative option of hiring a taxi service. Furthermore, bargaining power of suppliers is moderate. Fleet costs account for nearly half of operating expenses and are highly dependent on Automakers’ performance. In years were automakers were in trouble, fleet costs reduced significantly as manufacturers were selling inventory at......

Words: 1881 - Pages: 8

Enterprise

...Enterprise-wide knowledge management systems are firm-wide efforts to collect, store, distribute, and apply digital content and knowledge. A vast array of technologies for storing structured and unstructured content, locating employee expertise, searching for information, disseminating knowledge, and using data from key corporate systems are used. Companies have to work with many different kinds of knowledge and knowledge issues. The three major categories of enterprise-wide knowledge management systems for dealing with these different kinds of knowledge are: #1. Structured knowledge systems #2. Semi-structured knowledge systems #3. Knowledge network systems Some knowledge exists already somewhere in the firm in the form of structured text documents and reports or presentations, and the central problem is organizing this existing structured knowledge into a library and making it accessible throughout the firm. Managers may also need information that may exist somewhere inside the firm in the form of less-structured documents, such as e-mail, voice mail, chat room exchanges, videos, digital pictures, brochures, or bulletin boards. This is considered semi-structured knowledge or digital asset systems. Systems for structured and semi-structured knowledge are known as knowledge repositories. A knowledge repository is a collection of internal and external knowledge in a single location for more efficient management and utilization by the organization. Selecting and......

Words: 1096 - Pages: 5

Enterprise

...www.thetimes100.co.uk Recruitment and selection at Enterprise Rent-A-Car Introduction Enterprise Rent-A-Car (Enterprise) was founded by Jack Taylor in 1957 in the basement of a car dealership in St Louis in the USA. The business began with only seven cars. Today, Enterprise is the largest car rental business in North America with more than 7,000 offices in the USA and more than 900 in Canada, Puerto Rico, the UK, Germany and Ireland. In 2007, Enterprise had 728,000 rental cars in use, employing over 65,000 people with an annual turnover of over £4.5 billion. There are four operating units: Enterprise Rent-A-Car, Enterprise Fleet Management, Enterprise Car Sales and Enterprise Rent-A-Truck. Whilst customers within each of these markets need different products, all customers, whether business or private, need a speedy, convenient and reliable service. The car rental market is increasingly competitive. Enterprise continues to expand its range of services to meet customers’ needs. In addition to business rentals at airport and city locations, it also provides replacement cars for accident repairs, courtesy cars for garages and shortterm holiday rentals for breaks or special occasions. Enterprise also offers a collection service to take customers to their hire cars. Maintaining high levels of customer satisfaction is a key driver of growth for Enterprise. Enterprise emphasises delivering first-class customer service, regularly winning awards for its efforts in this area. Its......

Words: 2479 - Pages: 10

Enterprise

...Dissertations, Theses, and Professional Projects Design and Implementation of an Enterprise Data Warehouse Edward M. Leonard Marquette University Recommended Citation Leonard, Edward M., "Design and Implementation of an Enterprise Data Warehouse" (2011). Master's Theses (2009 -). Paper 119. http://epublications.marquette.edu/theses_open/119 DESIGN AND IMPLEMENTATION OF AN ENTERPRISE DATA WAREHOUSE By Edward M. Leonard, B.S. A Thesis submitted to the Faculty of the Graduate School, Marquette University, in Partial Fulfillment of the Requirements for the Degree of Master of Science Milwaukee, Wisconsin December 2011 ABSTRACT DESIGN AND IMPLEMTATION OF AN ENTERPRISE DATA WAREHOUSE Edward M. Leonard, B.S. Marquette University, 2011 The reporting and sharing of information has been synonymous with databases as long as there have been systems to host them. Now more than ever, users expect the sharing of information in an immediate, efficient, and secure manner. However, due to the sheer number of databases within the enterprise, getting the data in an effective fashion requires a coordinated effort between the existing systems. There is a very real need today to have a single location for the storage and sharing of data that users can easily utilize to make improved business decisions, rather than trying to traverse the multiple databases that exist today and can do so by using an enterprise data warehouse. The Thesis involves a description of data......

Words: 20485 - Pages: 82

1-2. Identify and Describe the Five Environmental Differences Between Governments and for-Profit Business Enterprises as Identified in the Governmental Accounting Standards Board’s Why Governmental Accounting and

...Questions 1-2. Identify and describe the five environmental differences between governments and for-profit business enterprises as identified in the Governmental Accounting Standards Board’s Why Governmental Accounting and Financial Reporting Is-and Should be-Different. 1. Organizational Purposes-A governments organizational purpose is to provide public services for the well-being of citizens regardless of profit. Whereas a for-profit business’s organizational purpose is to generate a profit for the owner while providing services to the public. 2. Sources of Revenues-A for-profit business’s source of revenue is its net income (total revenues (sales)-total expenses). A government’s source of revenue is mainly from taxes. 3. Potential for Longevity-State and local governments rarely go out of business, because they are given the ability to tax. For this reason, governments view accounting operations on a long-term basis instead of short-term. Governments focus on maintaining services and how to meet future demands. 4. Relationship with Stakeholders-Since a Governments main source of revenue is taxes, which are paid by citizens; they are required to account for these public funds. Whereas a business can use its resources as it chooses. 5. Role of Budget-Business’s prepare a budget for planning and control purposes and are normally not provided to creditors or investors. Governments on the other hand, prepare a budget which is expressed as a......

Words: 1140 - Pages: 5

Enterprise

...Case Analysis Template Case: Enterprise Rental-A-Car Student: Nicholette Gordon   Preliminary Step: Choose Your Role. Determine which key character you want to be in the case. Choose a manager. You are learning to become a manager. Do not choose a customer. Conduct the entire analysis from the point of view of this character. Make sure that all of the alternative solutions you list (see below) are things from your role's perspective and things within the power of your character to do. If you don’t have a name, identify a job title. Do not list alternatives that other people have; only list the options facing your chosen role. You are making your character's decisions and no one else's. Identify your character: Owner   Step 1 - Identify the Problem/Opportunity. The company needs to improve on marking.   Step 2 - Identify the Causes of the Problem/Opportunity. The problem occurred because of earlier decisions to kick the business in a profitable position in 1962. It occurs where ever there is an Enterprise rental established. It doesn’t occur where people doesn’t have knowledge of the company’s motto or existence. The management should be effectively practicing pleasing the customer. The organization has failed in making the customers know how well the staff does please their customers.   Step 3 - List Alternative Solutions to the Problem (or ways to take advantage of the opportunity). Proposed alternatives should be consistent with the......

Words: 835 - Pages: 4

Enterprise

...Introduction The owner- manager must be everything at once like, the captain of the ship and/or the pilot of the plane, unlike CEO’s (Chief Executive Officers) in a big company and more complex firms. He or she can’t afford can’t concentrate alone in one aspect of the business. The business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. The sole proprietor had to be knowledgeable with personnel management, financial, production or operation and marketing, because if h/she only knows one are it might create a problem. Let us look at the situation of this case, of what is the personal strengths and weakness that an owner brings to the business? And how his/her personal situation, including values, goals, experience, education and health constrains bring as an alternative or otherwise seeking for the success or faiure of an enterprise. You need to consider the options before deciding, the historical background of the company and other matters related to them before buying or investing. Firm’s history, development and growth In 1975, real estate business bloomed; many individual invested to this type of activity including Senator Manny Villar. He established real estate Development Company whick brought success to him and his family, it made him a Billionaire in real estate development. Many big companies had made their success on subdivision development. Another individual is ENRICO B. BENEMERITO,...

Words: 278 - Pages: 2

Putting the Enterprise Into the Enterprise System

...18, 2014 Putting the Enterprise into the Enterprise System Article Summary Jason Simonds Enterprise systems can be an effective tool for a business; they can enable a company to integrate data puled from several different functions in an organization and allow for more efficient communication between separate systems. Business enterprises can connect shipping to sales and sales to accounting and accounting to finance all under one digital roof. The article Putting the Enterprise into the Enterprise System elaborates on the benefits such systems can have on a company, but highlights some of the problems a poorly fitting system can cause and how these problems can be avoided. While enterprise systems can greatly help a business, a poorly designed system can be costly and timely to fix. A company with multiple departments and different functions can have hundreds of different tasks that are maintained in a system. Between shipping, receiving, design, accounting, etc. each function has a separate design and multiple tasks to complete. These tasks and designs are often performed on separate systems within an organization. The shipping department may have a program designed for commercial shipping which may not integrate with the accounting software used by the accounting department or the inventory software kept within the warehouse. These “legacy” systems can often be tedious and expensive to work with and can slow a business down. Enterprise systems can fully......

Words: 596 - Pages: 3

Enterprise

...Lord Ashcroft International Business School Enterprise and Entrepreneurial Management Marketing, Strategy and Enterprise Module Code: MOD003477 Year: 2014/15 Semester: 1 Academic Year: 2014/15 Semester/Trimester: 1 SID NUMBER: 1318572/1 MODULE CODE: MODOO3477 NAME OF COMPANY: Little Miss Cupcake WORD COUNT: 2000 words Table Of contents Contents 1.0Introduction 5 2.0 Market Research 8 2.1 Market Research Methods 9 2.1.1. Analysis of Marketing Environment 10 2.2 Setting the Marketing Objective. 11 2.2.1 Market Segmentation 12 Geographic 12 Demographic 12 Lifestyle 12 Other Segments 13 2.3 Marketing Strategies 14 2.3.1 Innovation (PRODUCTS): 14 2.3.2 Identification (OF TARGET MARKETS BY PRICE, ADJUST STRATEGY): 14 2.3.3 Interaction (PROMOTIONS EXTERNAL): 14 2.3.4 Information Gathering (INFORMAL NETWORKING AND PLACE): 15 2.4 Issues in Market Research 16 Survey Design 16 Survey Nonresponse 16 Survey Bias 16 3.0Conclusion 18 4.0 Recommendation 19 1.0 Introduction This Market research will include a business synopsis and also a project outline for the opening of Little Miss cupcake. Market research is critical as it is the chief attribute linking consumers, customers and public to the researcher through statistics assisting the business in identification of consumer behaviors, marketing opportunities and threats therefore strengthening market position by......

Words: 2701 - Pages: 11

Enterprise

...Assignment front sheet | Qualification | Unit number and title | BTEC Enterprise and Entrepreneurship Level 3 Sub Diploma | Unit 2 Business Planning at pitching | Learner name | Assessor name | Mahfuzur Chowdhury | Denise Pointer | Date issued | Hand in deadline | Submitted on | 16/09/15 | 28/09/15 | 28/09/15 | | | Assignment title | | Criteria reference | To achieve the criteria the evidence must show that the learner is able to: | | Task / Assessment no.Achieved? | P1 P2 P3 M1M2 | create a business vision and proposal for a micro start-up business devise a business model that includes routes to market consult sources of advice and information, and networks, about a new business proposal assess feasibility of a business idea for a micro start-up business create an innovative business vision and proposal for a micro start-up business | | | Assessor feedback | | Assessor signature | | Date | | Learner comments | | Learner Signature | | Date | | This is a reminder that the learner signed a declaration at the beginning of the course to confirm that all work produced is their own. | Resubmission | Date submitted | Resubmission Authorisation by Lead Internal Verifier * | | | | * All resubmissions must be authorised by the Lead Internal Verifier. Only one resubmission is possible per assignment, providing: * The learner has met initial deadlines set in the assignment, or has met an agreed deadline extension. *...

Words: 7688 - Pages: 31

Enterprise

...About Enterprise | | | Founded in 1957, Enterprise Rent-A-Car is an internationally recognized brand with more than 6,000 neighborhood and airport locations in the United States, Canada, the U.K., Ireland and Germany. Through tremendous leadership and the entrepreneurial spirit of our employees, we have built the largest car rental brand in North America, known for exceptionally low rates and outstanding customer service. Today, Enterprise Rent-A-Car offers a wide variety of car leasing, vanpooling, car sharing and hourly rental programs – and local car rental customers are picked up at no extra cost. | | | | Neighborhood Network | | Unlike our competitors, we have always operated through an extensive network of local, neighborhood offices, each powered by the energy of a small, highly entrepreneurial team. The concept grew from humble beginnings: the basement of a St. Louis car dealership with a small team of bright, ambitious colleagues fielding phone calls, calculating rates and washing cars. Our first customers were the ones who really shaped the business model that we use today. They told us they wanted to rent cars where they live and work. As we built Enterprise, one neighborhood at a time over the years, we also built strong relationships with the people who call those communities home, and it is because of those relationships that we have achieved unprecedented growth. Through our neighborhood network, Enterprise: * Has locations within 15......

Words: 2026 - Pages: 9

Enterprise

...Manufactured Home Site Tenancy Agreement. The words tenant and landlord in this tenancy agreement have the same meaning as in the Residential Tenancy Act (RTA), and the singular of these words includes the plural. In this tenancy agreement, the words residential property have the same meaning as in the RTA. Residential property means a building, a part of a building or related group of buildings, in which one or more rental units or common areas are located; the parcel or parcels on which the building, related group of buildings or common areas are located; the rental unit and common areas and any other structure located on the parcel or parcels. HOW TO COMPLETE THIS FORM ELECTRONICALLY: If you are accessing this agreement form from the B.C. Government Web site, it can be printed and completed by hand (print clearly, using dark ink) or filled out while at the computer workstation—simply type your responses in the boxes. If you cannot complete all the sections at the computer right away, you can print off what you have completed and fill in the remaining fields by hand. Note, you cannot save the completed form to your computer, therefore, after you complete the form, make sure you review the form for accuracy and print the number of copies you require before you leave the document or shut down the program/computer. IF ADDITIONAL SPACE IS REQUIRED TO LIST ALL PARTIES, complete and attach Schedule of Parties (#RTB-26) RTB-26 used & attached: RESIDENTIAL TENANCY......

Words: 3855 - Pages: 16

Enterprise Architecture

...Article Essential Layers, Artifacts, and Dependencies of Enterprise Architecture By Robert Winter and Ronny Fischer Abstract After a period where implementation speed was more important than integration, consistency and reduction of complexity, architectural considerations have become a key issue of information management in recent years again. Enterprise architecture is widely accepted as an essential mechanism for ensuring agility and consistency, compliance and efficiency. Although standards like TOGAF and FEAF have developed, however, there is no common agreement on which architecture layers, which artifact types and which dependencies constitute the essence of enterprise architecture. This paper contributes to the identification of essential elements of enterprise architecture by (1) specifying enterprise architecture as a hierarchical, multilevel system comprising aggregation hierarchies, architecture layers and views, (2) discussing enterprise architecture frameworks with regard to essential elements, (3) proposing interfacing requirements of enterprise architecture with other architecture models and (4) matching these findings with current enterprise architecture practice in several large companies. Keywords enterprise architecture, architectural components, architectural layers, architectural views, interfaces ENTERPRISE ARCHITECTURE: DEFINITION According to ANSI/IEEE Std 1471-2000, architecture is defined as the “ fundamental organization of a system, embodied......

Words: 5469 - Pages: 22

Enterprise

...Customer Service at Enterprise Rent a Car Enterprise Rent-A-Car Company (Enterprise) is a car rental company based in the US. The company is principally engaged in rent-a-car, international operations, fleet services, car sales, rent-a-truck, and enterprise rideshare services. It principally rents vehicles to individual customers, business houses both on short-term and long-term basis, and fleet operators. It also has car-sharing and van pool programs. In addition to its primary services, it offers courtesy car rentals for automotive dealers and body shops. It also is actively engaged in commercial truck rental business and used market business too. It also has presence in the fleet management business, facilitating businesses in managing and expanding their fleets. The company operates with a fleet of 713,000 vehicles in over 5,000 locations across the US and from another 965 locations in Canada, Germany, Ireland, and the UK. Enterprise is headquartered in St. Louis, the US. 1. ------------------------------------------------- 2 Look at all complaints about your service as an opportunity to improve. Aim to resolve any complaint quickly and efficiently. It takes 15 minutes to clean a car. It takes 5 minutes to go over contract. Customer is in the car from a day to a month. A clean car is crucial to satisfying the customers needs. Listen to the customers needs and then try to cater to the needs as best as we can. For example., car type, color, model, size,......

Words: 267 - Pages: 2