Philippine Journalist free essay sample

Time Context – October 20, 1972 (History and start of the experience of the company under martial law) 2. View Point – Mr. Eduardo B. Olaguer (Chairman of the Board and CEO) 3. Major Policy Statement The Philippine Journalist Inc. , is a publishing company of group of journal such as People’s journal, Journal Tonight etc. it is known for local and international standards in publishing journals, and aims to equal other company not only locally but also to other parts of the world by the following years to come. 4. Current Operational Policies Management – As what the case shows, Poor management that resulted in many problems for the company especially in the event of the Martial Law. b. Marketing – The PJI is a company known for publishing different kinds of journal, which is why advertising is not a big issue that need to be discussed. Well in their case, because of the martial law perhaps this was the greatest hindrance to the future plans of the company. c. Finance – From the history of the company, it has shown the poor level of stocks of the company. This is mainly because of the Martial law that resulted to much more problems such as: unavailability of stocks, no transfer of book and no stock certificates were issued at that time. d. Operations – The operations of the business was normal ever since the martial law started. Publishing different journals not only locally but also internationally. e. Human resources – The company shows basic information about the structure of a business enterprise that compose the top, middle management and the rank and file. Statement of the Problem – How will the PIJ resolve the DBP loan exposure and what are the steps to be undertaken to prevent things like this to happen again? 6. Statement of Objectives a. Short-term objectives i. To be able to balance the assets of the company that will suffice to its liabilities ii. To solve the negative book value of some particular shares iii. To adjust the style of the management in handling situations specially about the stocks and lease issues b. Long-term objectives i. To elucidate the DBP loan exposure ii. To prosecute Mr Benjamin Romualdez for what he has done iii. To lessen the liabilities and maximize revenues and assets 7. SWOT Analysis a. Strengths i. It is Known for publication of different local and international journals ii. It is a well-established company in the industry of printing press which is widely known in the country iii. Capability to set standards that is accepted in the international community b. Weaknesses i. Poor management of the entire company ii. Lack of forecasting that lead to many unforeseen expenses iii. Cannot allocate properly the resources of the company c. Opportunity i. Positive credibility from the public ii. Ability to come back from the losses incurred and solve the DBP loan exposure iii. Continuously function of the business d. Threats i. Unable to completely manage the assets which leads to higher liabilities ii. Actions of the government which may lead to foreclosure of the business iii. Negative aura caused by the DBP loan exposure to both the public and private sector (e. g. banks) 8. Alternative courses of action a. Evaluation of the current situation of the company: its position in the market, assets and liabilities and structure of management to see the problems and solve it step by step. b. Lessen any more loans to be able to pay the current problem such as DBP loan exposure c. Give importance to the DBP loan exposure and keep other things in bay to solve it asap 9. Analysis of Alternatives By extensive evaluation of the company, it can understand what are the things that needs to be change or improve for the betterment of the business and be able to solve all the current problems of it such as the DBP loan exposure b. This will mitigate the possibility to gain more liabilities and be able to concentrate on paying the current loans of the company c. This can be the best solution for the company because all of this thing evolve on that problem the DBP loan exposure 10. Decision statement – ACA 1 a. The in-debt evaluation can be the beacon to the development of the business and even solve the biggest problem of the firm. 11. Proposed operational plans a. Management – Open the company for a new set of employees to gain the manpower which can help I solving the problems of the business b. Marketing – Continue to pursue high standards to pool more revenues that may be used for the debt and development of the company c. Finance – For the mean time mitigate any loans that the company plans on doing to concentrate all the assets and revenues to the DBP loan exposure . Operations – As a publishing company, production output is very important which is why increasing the capacity of the firm while maintaining its cost is the best way to generate more income and this will result to increase market share of the company. e. Human resource – These resources are very important in some business. Specifically in this business which handles the decision making (also became the reason of the DBP loan exposure), oversee of the entire operations of the company (top management) and maintaining the standards of the journals (rank and file) 12. Implementation program With the use of ACA 1 it can help the business get back on its feet from the DBP loan exposure and other problems. Also, the proposed operational plans can be of help in mitigating any future problems and development of the business if followed and carefully implemented. 13. Other recommendation and conclusion a. Continue to pursue and understand the ACA 1 for being the best solution to solve the problems of PJI Inc. b. For the interest of both the government and the PJI, continuous transparency will help in preventing any misunderstanding that can cause more problems.