Business Ethics and Filipino Values

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What is the Filipino Values System?

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The Filipino Values System is a set of values or the value system that a majority of Filipinos have historically held important, consisting of ideologies, moral codes, ethical principles, etiquette, and cultural values.

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What does 'Utang Na Loob' mean?

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'Utang Na Loob' refers to the concept of reciprocity, where obligation and responsibility are viewed in terms of debts and inner self-free will.

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How does 'Utang Na Loob' affect business practices?

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It can lead to ethical dilemmas, as family pressures to repay debts of gratitude may drive employees to unethical behavior.

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What is Filial Piety?

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Filial Piety is the virtue of respect for one’s parents, elders, and ancestors, emphasizing family unity and care.

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How does Filial Piety influence business decisions?

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It can lead to favoritism in hiring and promotions based on family ties rather than merit.

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What is the Padrino System?

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The Padrino System refers to gaining favor or promotion through family affiliation or friendship rather than merit.

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What are the implications of the Padrino System in business?

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It can lead to nepotism and cronyism, where unqualified individuals are hired based on connections.

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What does 'Mañana Habit' refer to?

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'Mañana Habit' refers to procrastination, or the tendency to put off tasks until tomorrow.

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What are the business consequences of the 'Mañana Habit'?

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It can damage reputation, lead to missed opportunities, and create workflow bottlenecks.

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What is the 'Suki' system?

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The 'Suki' system refers to loyal customer relationships where regular customers receive special treatment from suppliers.