Japan has been fairly successful in neutralizing the harmful effects of giant industries on the growth of smaller enterprises. While her capital-intensive automotive and shipbuilding industries are produced by big firms, production of components are manufactured by smaller ones. In the Philippines, the progressive Car Manufacturing Program (PCMP) uses a similar approach. Participants in the [...]

In the present century, especially in highly industrialized societies, the entrepreneur has become less prominent amid the growing complexity of business organization. Corporate bigness has become the key, and transnational corporations – business firms with branches reaching the four corners of the earth – the door to wealth and power.

The word “portfolio” came from a French word meaning a portable case for holding drawings, writing materials, documents, and similar whatnots. Perhaps, businessman of earlier times came to use such a brief case to carry their whatnots around. So it came to pass that the word portfolio now also refers to earnings assets, in the [...]

Business projects entail financial support. The finance manager plays a decisive role in choosing which project to implement with his expertise in projecting capital needs, planning financial strategy in raising the capital needed, and most important, determining the profitability of the project.

Procuring adequate capital at least cost gives a firm an excellent start. But the ultimate objective is the efficient use of funds so profit can be maximized and the value of the enterprise raised accordingly. Investors, whether part-owners or creditors, expect earnings from the funds they have invested. Moreover, the owners – the proprietor, the [...]