1. In the Philippines, one of the biggest changes in business practices and culture in 2020 has been the shift to remote work. The pandemic has caused many businesses to move their operations online, and many Filipinos have adapted well to the change. This has allowed businesses to retain employees, increase productivity, and reduce costs.
2. Companies in the Philippines have also had to adjust to the changing economic conditions, with a focus on cost-cutting measures and reducing operational expenses. This has led to a greater focus on streamlining processes and improving efficiency.
3. The rise of digital marketing has been another major change in Philippine business practices and culture. Companies have been leveraging digital channels to reach new audiences and build brand awareness. This has led to the increased use of online tools and the emergence of more creative marketing strategies.
4. Philippine businesses have also embraced the use of technology to increase productivity and improve customer service. This has led to the adoption of various software tools to manage operations and customer relationships.
5. Finally, the Philippine business culture has seen an increase in the focus on corporate social responsibility. Companies are now looking for ways to give back to the community and support causes that are important to them.
Answers & Comments
Answer:
1. In the Philippines, one of the biggest changes in business practices and culture in 2020 has been the shift to remote work. The pandemic has caused many businesses to move their operations online, and many Filipinos have adapted well to the change. This has allowed businesses to retain employees, increase productivity, and reduce costs.
2. Companies in the Philippines have also had to adjust to the changing economic conditions, with a focus on cost-cutting measures and reducing operational expenses. This has led to a greater focus on streamlining processes and improving efficiency.
3. The rise of digital marketing has been another major change in Philippine business practices and culture. Companies have been leveraging digital channels to reach new audiences and build brand awareness. This has led to the increased use of online tools and the emergence of more creative marketing strategies.
4. Philippine businesses have also embraced the use of technology to increase productivity and improve customer service. This has led to the adoption of various software tools to manage operations and customer relationships.
5. Finally, the Philippine business culture has seen an increase in the focus on corporate social responsibility. Companies are now looking for ways to give back to the community and support causes that are important to them.
Source;
https://www.forbes.com/sites/andrewdepietro/2020/11/20/how-remote-work-is-changing-business-practices-in-the-philippines/?sh=7c1b8f2f2f9d
https://www.mckinsey.com/industries/public-sector/our-insights/philippine-business-trends-in-2020
https://www.searchenginejournal.com/digital-marketing-trends-philippines-2020/380057/
https://www.forbes.com/sites/michaelliguori/2020/12/17/the-top-five-technology-trends-for-businesses-in-the-philippines/?sh=3e3e3c7f1d85
https://www.ey.com/en_ph/strategy/corporate-social-responsibility-in-the-philippines
Explanation:
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