Last-one-Philosophy-of-Business-G1 GOVSOC.pptx

GOOD GOVERNANCE

1. PHILOSOPHY OF BUSINESS GROUP 1

2. Add your title Add your words here,according to your need to draw the text box size Add your words here,according to your need to draw the text box size PHILOSOPHY OF BUSINESS AS PART OF APPLIED PHILOSOPHY Reporter: Dimson, Hilery

3. What is applied philosophy in the first place? How does it differ from plain and simple philosophy? Reporter: Dimson, Hilery

4. While Philosophy , in its very essence, is the study of the basic and fundamental nature of understanding, truth and existence, particularly when pondered as an academic discipline Reporter: Dimson, Hilery

5. Applied Philosophy , as the term suggests, is the application of those principles and concepts stemmed from and based on philosophy to a study of our practical affairs and activities. Reporter: Dimson, Hilery

6. Philosophy in Business Business is an activity rather than a philosophy. However, there were loads of diverse and distinctive philosophies that can be applied to the activities of business. Reporter: Dimson, Hilery

7. Philosophy in Business The philosophy applied is important not just for the business's financial success but also for its impact on the community. This impact can be either positive or negative. Reporter: Dimson, Hilery

8. 1 . The essential ideologies that inspire the realization and management of the business venture. 2 . The nature and purpose of the said business. 3 . The moral obligations that relate to it. Reporter: Dimson, Hilery The Three (3) Major Components of the Philosophy of Business are:

9. Philosophy is more on pursuing queries, reservations, and uncertainties. In other words, it can be likened to the phrase “questioning minds” . Reporter: Dimson, Hilery

10. As such, philosophy , in philosophical perspective, is not much on answering our questions but to further question the given answers. Reporter: Dimson, Hilery

11. Reporter: Sabordo, Seraly Have you heard of the mantra "Too much talk, not enough action”

12. Reporter: Sabordo, Seraly Some things are easier said than done. Most businesses would like to project an image that is acceptable to the majority.

13. Reporter: Sabordo, Seraly A person with a philosophical mind stated that “you would know that it is basically not what to think but how to think.”

14. Reporter: Sabordo, Seraly Business have their own models and methods as a way to condense complications, but philosophy explores its conceptual framework and progresses.

15. Reporter: Sabordo, Seraly Lastly, just thinking… Is philosophy really needed in doing business? Does philosophy have any relevance in business? Is it a passport to a successful business venture?

16. Add your title Add your words here,according to your need to draw the text box size Add your words here,according to your need to draw the text box size RULES AND UNDERLYING PRINCIPLES OF BUSINESS Reporter: Buenaventura, Raiz

17. The underlying principles of business are the fundamental norms, rules, or values that represent what is desirable and positive for a person, group, organization, or community, and help in determining the rightfulness or wrongfulness of its actions. Reporter: Buenaventura, Raiz

18. Basic Principles of Business Rules Reporter: Buenaventura, Raiz

19. 1. Rules are subject to Change - Policies can be changed in relation to responsiveness to management practices. Reporter: Buenaventura, Raiz

20. A corporate rule must make sense and good judgement for all participants including: a . Investors b . Business undertakings, and c . Active business affairs and aftermaths within the scope Reporter: Buenaventura, Raiz

21. 2. There is no such thing as absolute business rule in any business model. Business rules should be tailored-fit the purpose, demands, and goals of the business. Reporter: Buenaventura, Raiz

22. 3. There are no business rules ‘til you say there are. > Never assume that people know. > Do’s and Don’ts are critical in the day-to-day operation of any business enterprise Reporter: Buenaventura, Raiz

23. 4. A business rule should always be feasible. What's the use of a business rule if it is not: a . Realistic b . Workable c . Attainable d . Achievable e . Practical Reporter: Huelar, Jaymee

24. The standard for business strategy - the Business Motivation Model - compares a business policy to a business rule as follows: a . Less structured b . Less discrete c . Less atomic d . Less complaint with standard business vocabulary, and e . Less formally articulated Reporter: Huelar, Jaymee

25. There are, of course, numerous business philosophies that you can apply on your respective undertakings. In deciding to come up with such business philosophy, just bear in mind the following: Reporter: Huelar, Jaymee

26. a . Follow what works for you b . Do what is legally right c . Do what is morally right Reporter: Huelar, Jaymee

27. Business rules offer a powerful tool. But rules are just rules. It should be acted upon. Reporter: Huelar, Jaymee

28. Stay focused and with the right techniques, it is just a matter of time before the business would take off. Reporter: Huelar, Jaymee

29. BEYOND ECONOMICS: BUSINESS AS A SOCIAL INSTITUTION Reporter: Regala, Haylee

30. Typical Business Goal: Make More Money. It is obviously the desire of most businesses. Reporter: Regala, Haylee

31. Paradigm is a model composing of cluster of ideas about how things should be done, made, or thought about. Reporter: Regala, Haylee New Perspective and Paradigm Shift

32. In short, a paradigm is… a . Your perspective b . Your point of view c . Your beliefs about what’s true Reporter: Regala, Haylee New Perspective and Paradigm Shift Paradigm

33. Paradigm Shift happens every time there’s a significant change in the way an individual or group perceives something. Reporter: Regala, Haylee

34. We each have our own personal paradigms of lenses through which we vision the world. Reporter: Regala, Haylee

35. Can also be viewed between two individuals in a relationship. And since no two people are exactly alike, compromises and adjustments have to be made for the connection to have a chance to succeed. Reporter: Fernandez, Aaron Personal Paradigm Shift

36. In business’ aspects, organizations have Corporate Paradigms with respect to the ways and means by which they suppose their objectives and targets will be best accomplished. Reporter: Fernandez, Aaron

37. Corporate paradigm shifts may be: a . Internally-driven b . Externally-driven Reporter: Fernandez, Aaron

38. Business enterprise, regardless of size, experience paradigm shifts. This may occur usually due to changes in management. Reporter: Fernandez, Aaron

39. THANK YOU