Shaun T. Dy's Business & Economics Perspective Blog

It's been some time since Jesse M. Robredo died too soon. Hopefully, his wife Atty. Maria Leonor Gerona-Robredo is true to her word, in her willingness to amend the 1987 Constitution of the Philippines, for the sake of foreign investments. It's a shame I never wrote about the late great man. The CoRRECT Movement on Facebook gave this important note on Robredo's life. Robredo said, "It's not enough for an official to be good. There has to be a system that forces them to be good." Whether or not Robredo was for charter change or a few constitutional amendments, I can't tell. For some racists, let me remind them that Robredo's real surname is Lim  and his paternal grandfather is the late Lim Pay Co.  In terms of Robredo's credentials (and I tend to sometimes brag about the credentials of those I quote), here's what the City Government of Naga website says: He is an Edward Mason Fellow and a graduate of Masters in Public Administration at the John

  2023 is about to end and it's going to be  2024  any time soon. It's very easy to talk about  New Year's Resolutions  but why is system change hardly discussed? I run into people on Facebook who love to say, "It's just common sense that it's the people, not the system, that's the problem." That's the  wrong type of thinking  that hits people whether it's business or politics. I would like to discuss how systems affect business. Back then, I was challenged, "If you manage the business, can you do better?" My only answer is, "There's no guarantee." What I should've said is, "We must create a system for the business that will force anyone, not just me, to do better." We need to define what a system is  Does a system really matter? If you look at the definition of what a system is in this context, I can give the definition from the  Merriam-Webster Dictionary : 1 :  a regularly interacting or interdependent g

It's really funny (and frustrating) to see all the posts on Facebook concerning inflation. "Thought leader" page Silent No More Philippines is just one of them. I couldn't help but laugh (and cringe) when they started complaining about the prices of goods increasing. Unfortunately, that page is only known for complaining since the reign of former Philippine president, Rodrigo R. Duterte and the recent reign of Philippine President Ferdinand R. Marcos Jr. Once again, I'd like to state that I didn't vote for Marcos Jr. The problem with that page isn't their criticism. The problem is that the page hardly displays solutions. In fact, recent posts that they have complained about inflation and the increase in price of Jollibee fast food makes me ask, "Do they know a thing about supply chain management ?" That's why I really refuse to take advice from social media gossipers, especially in matters about economics (read here ). ScienceDirect.com I dec

Another ongoing nonsense by leftists is that the workers, not the entrepreneurs, are the ones who own the means of production. This would be complete nonsense spreading on social media. Having graduated from the College of Commerce (now the School of Business and E conomics ) makes me cringe at the idea. I've had some business marketing classes, accounting classes, and operations management classes which can help refute this idea. I keep hearing, "If only the poor will unite altogether--you rich are no more." Well, let's try and think about how the idea of workers, not entrepreneurs, owning the means of production can't work. Defining what capital really means Image by Sabrina Jiang © Investopedia 2020 The sample income statement by Investopedia tells you the capital. Capital is defined by the Investopedia as: Capital is a broad term that can describe any thing that confers value or benefit to its owner, such as a factory and its machinery, intellectual property l