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    Business Ethics Week 5

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    Kelly Bianca Montesclaros
    The document discusses how the Filipino value system affects business practices and attitudes. It describes several key aspects of Filipino culture that influence business, including utang na loob (reciprocity), filial piety, the padrino system (patronage), suki system (loyal customer relationships), bahala na (fatalism), mañana habit (procrastination), and amor propio (self-love). These cultural values can sometimes help businesses through building strong relationships, but may also hinder efficiency and objective decision making at other times.

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    Business Ethics Week 5

    Uploaded by

    Kelly Bianca Montesclaros
    17 views2 pages
    The document discusses how the Filipino value system affects business practices and attitudes. It describes several key aspects of Filipino culture that influence business, including utang na loob (reciprocity), filial piety, the padrino system (patronage), suki system (loyal customer relationships), bahala na (fatalism), mañana habit (procrastination), and amor propio (self-love). These cultural values can sometimes help businesses through building strong relationships, but may also hinder efficiency and objective decision making at other times.

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    Notes in 2nd sem 11-ABM

    Original Title

    Business-Ethics-Week-5

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    The document discusses how the Filipino value system affects business practices and attitudes. It describes several key aspects of Filipino culture that influence business, including utang na loob (reciprocity), filial piety, the padrino system (patronage), suki system (loyal customer relationships), bahala na (fatalism), mañana habit (procrastination), and amor propio (self-love). These cultural values can sometimes help businesses through building strong relationships, but may also hinder efficiency and objective decision making at other times.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views2 pages

    Business Ethics Week 5

    Uploaded by

    Kelly Bianca Montesclaros
    The document discusses how the Filipino value system affects business practices and attitudes. It describes several key aspects of Filipino culture that influence business, including utang na loob (reciprocity), filial piety, the padrino system (patronage), suki system (loyal customer relationships), bahala na (fatalism), mañana habit (procrastination), and amor propio (self-love). These cultural values can sometimes help businesses through building strong relationships, but may also hinder efficiency and objective decision making at other times.

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    © All Rights Reserved
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    BUSINESS ETHICS

    Filipino Value System

    Let’s Start
    To reach the desired skill and knowledge of this course, you need to comply the following:

     Describe how the Filipino value system affects the attitudes of business constituents; and
     give examples of how belief systems affect business practices.

    VISION: Immaculate Heart of Mary Academy envisions of a life giving and innovating Educational ministry committed to
    transforming community of learners into Christ-centered Augustinian Recollect Stewards.
    Let’s Explore
    While having these philosophies revolving around us, we Filipinos also have our own ways and culture in dealing life
    situations.

    Filipino Value System

    The Filipino value system refers to the ethics or the values that most Filipinos held in their lives.

    Utang na Loob (Reciprocity) = this refers to the essence of being obliged to repay to the person
    who did or give something that is good to you. In business, it may be good or bad because it
    casually affects the system of your company/business. One legit example is giving discounts to
    someone you have “utang na loob” which is not a bad thing for you as a person, but might as
    well not essential to your business. Imagine having a lot of people you need to repay; does it
    mean lots of discounts also?
    Filial Piety = this is one of the most important value in Filipino culture because this refers to the
    high respect of one’s parents, elders, or ancestors. The Filipino family is so intact that it is
    common for a family to work in one company.
    Padrino System (Palakasan o Patronage) = it is a value system wherein one gains favor,
    promotion through political appointment or family affiliations.
    Suki System = “Suki” in Filipino term which means loyal costumer/buyers relationship usually
    takes time and many business transactions to be solidified, suggesting a suki like relationship and
    backing it up with concessions could be used as a measure to build trust.
    Bahala na = has been loosely translated as “come what may.” Hence, it is referred to as the Filipino
    version of fatalism that is, leaving everything in the hands of fate. Filipinos usually say “Bahala na”
    when they are unable to decide their next course of action or when they have no idea what will happen
    next. They say this phrase as if all they want is to go with the flow, not minding what the outcome might
    be.

    Mañ ana Habit = it comes from the Spanish word "Mañ ana" which literally means "tomorrow”
    unspecified future time." Hence, Mañ ana Habit, refers to procrastination, or putting off for tomorrow
    what can be done today. In business, it reduces efficiency.

    Amor Propio = it means “Self-love” In business, Filipinos are not overly fond of saying “no” and
    therefore a “yes” you received earlier in the day might not actually pan out.

    VISION: Immaculate Heart of Mary Academy envisions of a life giving and innovating Educational ministry committed to
    transforming community of learners into Christ-centered Augustinian Recollect Stewards.

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