Philippines is situated in the locality of several of the "Asian Tigers," its development has followed a unique course. Remittances were the maximum source of hard currency and the industrial sector was marked by major concentration and rent seeking. Fresh economic reforms have shaken up many sectors of the economy and stimulated rapid economic growth.
Conglomerates, which account for a significant part of large, organized business activity, need to decide how to adjust to this new environment. Ayala Corporation is one of the greatest and most noteworthy conglomerates in the Philippines and has been commanded by the Zobel de Ayala family for seven generations.
Business leadership must settle on whether to alter their strategy in the wake of an election that could dramatically transform the company and political climate of the Philippines in a constructive way.
PUBLICATION DATE: June 19, 2013 PRODUCT #: 713093-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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