What are the business ethics challenges in the Philippines?

The rapid growth and liberalization of the economy, coupled with the inequitable distri- bution of wealth, the destruction of the environment and corruption are the main ethical concerns. Businesspersons and the academe endeavor to find creative solutions for these unique challenges.

What are the business ethics in the Philippines?

Business ethics in the Philippines is highly embedded on the country’s geography, demographics, culture and history. The country generally follows Catholic-based ethical practices (86% of the total population are Roman Catholics), as influenced by the 300-year Spanish invasion strategy.

What are the challenges of ethical behavior in today’s world?

Here are some of the ethical issues in business and real-world cases of how these ethical issues have affected companies.

  1. Accounting. …
  2. Social Media. …
  3. Harassment and Discrimination. …
  4. Health and Safety. …
  5. Technology/Privacy.

What is the major Filipino values affecting business?

To be an embodiment of the values that every local enterprise should uphold, every Filipino business leader must be an exemplar of five particular traits: empathy, humility, curiosity, passion, and servant leadership.

What are the Filipino ethics?

Filipino virtue ethics is the result of the mixing of two traditions—the Southeast Asian tribal and animist tradition and the Spanish Catholic tradition—for over 300 years.

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What is the biggest problem of the Philippines?

The Philippines also suffers major human-caused environmental degradation aggravated by a high annual population growth rate, including loss of agricultural lands, deforestation, soil erosion, air and water pollution, improper disposal of solid and toxic wastes, loss of coral reefs, mismanagement and abuse of coastal …

What are the challenges in the Philippines?

The economy’s annual growth rate – over 6% in recent years – masks relative poverty, inequality, imbalance in income distribution among various regions and corruption. [6] For decades, violence and terrorism in Mindanao, southern Philippines, has been a significant challenge before the government.

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