What pisses me off the office? (NU6 5)
By Jan Vincent Sollesta
Our family business is really focused on pharmaceuticals. My parents started this business about 15 years ago. Initially, they started manufacturing externally used medicines and these were sold in pharmacies in the province of Iloilo. As time goes by, since the business was established, many activities add up and products came in to the company. Most are manufactured in house but there are some products also that are being distributed only by the company. If we evaluate the business in a bigger picture, in its present situation, the main activity of the business is really into manufacturing. Some of the components of the business also include distribution, medical supplies and advertising. Perhaps this is really expected as the company grows. With this expansion and diversification of the business, handling the diverse interests of the business become quite challenging.
Our diversification applies both forward and backward integration of our core activity which is manufacturing. Even though diversification in the business is a good thing, it may also have some loopholes if it is not handled well. In our current situation I would suggest to separate this business properly like considering them as separate entities. It would be separated according to their activities. Since we have four activities in the business, I would suggest to have these separated and handled by a holding company. I believe that if these businesses are considered different entities it could individually established its own direction and focus. If companies are focused on its core strength it would likely to become more effective than a single company being juggled simultaneously. After separating into different entities, we would assign qualified people to oversee a entity and so on with others and start to formulate their company’s Vision, Mission and objectives. Basically, these efforts are more on improving the structure of the company. 3.5
Serendipity walk (NU 6 6)
By: Jan Vincent Sollesta
Street: Diversion Road, Part after Jaro and Mandurriao Intersection. 3
Background: This street is the main artery going to the airport from the city. I chose this street because I see it daily in front of my window. Fifteen years ago, this street in not heavily passed by cars but now due to the airport and abrupt development of the city, it should also have the following:
1. Fast Food Restaurant/ Drive thru - good thing for travellers
2. Decent Pharmacy
3. 24 hour convenience store
4. Shopping mall
5. Decent “pasalubong center”
6. Hospital – not even one is present preferably private hospital
7. A park where in surrounding community could enjoy
8. Recreation Center
9. Decent Gym
10. Market Wet/Dry – existing is too far
11. Jeepneys with route going to main Jaro - only option is tricycle and taxi
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