In the Philippines, how can upward mobility be experienced



is a branch of economics that studies the behaveiour of individuals ang ferms in making decision regarding the allocation of scarce resources and the interaction among these individual and firms.

They spend more money that what they earn because maybe those things they bought are what they needed the most. Also, poor people knows what they have to prioritize to buy which can sustain in their daily living.



Changing times need changing of strategies. Today’s business strategies and processes are far different from old ones. Here are the most noticeable differences between old and new business strategies.

Today’s business decisions are more customer oriented while traditional decisions are company oriented.

Today’s strategies and plans are more data-driven while old ones are opinion driven.

Today’s businesses are run on sophisticated systems while old ones include so much manual works.

Development of science & technology helped today’s businesses to predict near future and to look for long-term goals, while old businesses were mostly run on short-term decisions.

New businesses focus on implementing small changes effectively while old businesses look for big sudden drastic changes.

Today’s businesses close weak points and eliminate wastes swiftly while old businesses tolerate them.

Today’s businesses look for continuous improvement opportunities, while old ones changes after terms.

Better collaboration between departments and team is the one other main feature of new businesses.

Better employee participation in day to day business decisions and customer socializing is also noticeable with modern business strategies.

While old business managers try to manage their employees by imposing decisions, new managers only guide/lead them to make right decisions.


wag mong hanapin ito ay kusang dumarating

Do you know the answer?

Other questions on the subject: Economics

Economics, 14.11.2019, kelly072
the differences of social political and cultural change is the one is about politics while the other one is about culture,cultural change...Read More
2 more answers
Economics, 16.11.2019, nelgelinagudo
Para saakin ang kaunlaran ay isang mapayapang pag unlad ng isang bansa, makamit ang isang kapayapaan para sa lahat at ang mga mamamayan ay magiging maganda ang kabuhayan sa lipunan...Read More
1 more answers
Economics, 20.11.2019, girly61
Explanation:1)D2)C3)C4)A5)A6)B7)B8)C...Read More
3 more answers
Economics, 20.11.2019, nelgelinagudo
Ang mga isyu sa paggawa ay ilan sa mga isyung patuloy na nararanasan ng ilan sa mga kamanggagawang Pilipino hanggang ngayon at  ang ilan sa mga isyu sa paggawa ay ang sumusunod: Ma...Read More
1 more answers
Economics, 23.11.2019, reyquicoy4321
Subject EconomicsNo, Equipment is an example of asset. Equipment is considered an asset because it is a resources with value owned by a business or entity. Equipment is not a liab...Read More
1 more answers
Economics, 23.11.2019, dorothy13
Tourism and hospitality are interralated concepts, where, tourism can be simply defined as historical site natural beauty of a place and culture, hospitality is a manner which peop...Read More
1 more answers
Economics, 25.11.2019, meteor13
Because of limited education, food and jobsExplanation:Every country ex: Philippines have resources. There are people who get more resources if they have more money. You need a job...Read More
1 more answers