St. Louis College Valenzuela
Maysan, Valenzuela City
COLLEGE DEPARTMENT
Angelica Mae F Casipit
2nd yr Marketing Management
A. Subject Code / Description : Management 10 – Production
Management / TQM
B. Weekly Module Number 1
C. Topic: Production in the Philippines
D. Intended Learning Outcomes:
At the end of this module, you should be able to:
1. Differentiate between Export Products and Import Products.
Importing goods and services from another country into the home
country is referred to as importation, whilst exporting goods and
services from the home country to other countries is referred to as
exportation. The key distinction between import and export is this.
When a corporation imports items from another country, it intends to
resell them on the home market. When a corporation exports goods
and services to other countries for resale, it is known as exporting.
2. Discuss the contribution of Agriculture in our Philippine
economy.
Agriculture is a crucial engine of the economy in rural areas, where
the majority of Filipinos live (but where poverty rates remain high).
Agriculture continues to be a key source of employment, employing
approximately 36% of the overall workforce. Agriculture and Food:
Agriculture can help 80 percent of the world's poor, who live in rural
regions and work mostly in agriculture, reduce poverty, increase
incomes, and enhance food security. The World Bank Group is a
significant financier of agriculture.
3. Discuss the status of Manufacturing industries in our country in
the past ten years.
In the past ten years manufacturing is industries have higher
employment, income, and output multipliers. Manufacturing also
encourages improved cross-industry and cross-sectoral collaboration,
as well as firm productivity, technical advancement, and innovation.
As a result, the rise of the manufacturing industry increases agriculture
sector upgrading and diversification, as well as driving demand for
higher-value-added services. Taking all of this into account, the
Philippines is increasing the competitiveness of its manufacturing
sector in order to achieve long-term, inclusive development.
F.Introduction and Engagement
1. Philippine industry moved forward, impelled by pressing
economic responsibilities of gigantic proportions. Every
possible incentive was extended by the government to help
Philippines industry perform this herculean assignment. Grants
in aid, statutory supports, and technical know-how were
provided. Philippine industry responded to the challenge and
started off by sponsoring the establishment of light and
secondary industries. Among the earliest industrial complexes
set up were textile mills, wood manufacturing plants, metal
industries, food processing plants, and complementary
service firms. Pulp and paper mills, cement plants, oil refineries,
ceramics plants, milk processing plants, and automotive
assembly, together with electronic and home appliance
assembly plants followed.
E. Presentation of the Topic/s
1. Please view or download the PowerPoint Presentation from
our Production Management class in our Google Classroom
(Chapter 1 – Production in the Philippines).
2. Please take down notes and answer the following questions:
a. The
Philippine
Government
adopted
increased
production in all sectors rather than price control as the
basic policy to check spiraling prices. Weigh the
advantages and disadvantages of such policy.
b. Is the agriculture still the main propeller of Philippine
economy? Explain.
Agriculture is very important in the Philippine economy. It employs
approximately 40% of Filipino employees and contributes an average
of 20% of the country's GDP.
c. Agriculture is the backbone of the Philippine economy. It
employs around 3 million people, or almost 60% of all
gainfully employed individuals .Agricultural operations
account for 40 to 45 percent of overall national income
and around 75 to 80 percent of exports.
d. In the development of our country’s economy, should
production in the agricultural sector be given higher priority
than production in the manufacturing sector?
Agriculture's role in economic growth Stimulates industrial growth: As
the agricultural sector expanded, so did the industrial sector. When
farmers save money, they can buy consumer goods and invest in
businesses. As a result, the industrial sector expands indirectly.
e. Cite the advantages and disadvantages of giving priority
to the development of manufacturing over the
development of agriculture
For advantages manufacturing can employ a large number of
workers with limited skill levels. Its processes are easily standardised
and scaled, complementing urban economic clustering. and last for
Disadvantages manufacturing technology has the following
drawbacks: Limited Creative thinking -Due to the abundance of
automation/machinery and a lack of employees within the
manufacturing plant, manufacturing techniques completely limits
creativity.
f. “To solve the country’s economic problem,” says one, “we
should raise more chickens than children”. Explain the
statement.
That is a legitimate concern for the nearly 1 billion people who live in
extreme poverty today. Of course, there is no single correct answer,
and joblessness manifests differently in different places. However,
through my work with the foundation, I've met many people in
developing countries who raise chickens, and I've learned a great
deal about the intricacies of owning such creatures.
F. Exercises
1. Research; Problems; and Projects
a. Study our country’s current exports and imports and relate
them to its productivity.
Exports and imports are important for national economic
development and growth because not all nations have the skills and
resources needed to produce certain goods and services.
Nonetheless, nations erect trade barriers such as tariffs and import
quotas to protect domestic industries. A weakened domestic
currency encourages exports while increasing the cost of imports;
conversely, a strong domestic currency discourages exports while
decreasing the cost of imports.
b. Research on the extent of foreign investments in the
Philippines and discuss the benefits provided by foreign
participation in our industry.
Amidst legal constraints, foreign investment has played an important
role in the Philippine nation's growth. In 1948, foreign ownership
accounted for approximately 50% of manufacturing, commerce, and
mining assets, as well as 80% of power generation assets.
G. Summative Assessment
1. Answer the Quiz 1 from our Production Management class in
Google Classroom.
2. Online assessment during the video classes through recitation
H. References
1. Production Management, Second Edition, Esdras T. Martinez