Influence of Filipino-Chinese Entrepreneurs in the Philippines
In the Philippines, most businesses are run and owned by Filipino-Chinese people. These entrepreneurs trace their origin from China, having migrated into the Philippines. The influence of these ethnic group representatives in business has been attributed to their best practices in leadership and management. Their impact spreads over the large malls, technology, and large restaurants in the country.
Significance of Binondo in Manila
Binondo is located in Manila within Chinatown and was established in 1594 by the Spaniards (Soriano, 2017). Binondo is a very significant area due to its massive role in commerce, history, and culinary arts. There are very many old and new, thriving and successful restaurants in Binondo under the leadership of the Filipino-Chinese businessmen.
Leadership and Managerial Styles in the Philippines
The leadership and managerial styles practiced in the Philippines are cross-generational and cross-cultural. The entrepreneurial styles adopted concur with the changing cultures and different generations. Practically, the most common leadership approaches are the result-oriented style and the participative leadership style. Also, the entrepreneurs aim at maintaining value as well as incorporating their cultural background in the new and changing leadership styles. The employees are offered incentives and compensations in order to improve the quality of their service. The incentives guarantee that the quality standards, cleanliness, courtesy, and friendliness appeal to customers. Modern technology and franchising have also become a major practice by owners, leading to innovation and the growth of businesses.
Success of Filipino-Chinese Entrepreneurs in the Restaurant Business in Binondo
In conclusion, the management and leadership styles used are very critical for the success of any business. This study explores how the Filipino-Chinese entrepreneurs continue to be exemplary in the restaurant business in Binondo based on their different leadership and management styles within a span of 2018-2019.
References
Soriano, E. (2017). Binondo: The oldest Chinatown. Retrieved from https://business.inquirer.net/224378/binondo-oldest-chinatown
