EVERY move counts. When running a company, every decision made by corporate management, no matter how big or small, can boost or deter business growth. This rule of thumb is more apparent in today's ever-evolving business landscape marked by disruptions brought by the Covid-19 pandemic. The need to evaluate business decisions, risks and strategies is essential now more than ever.
In the Philippines, strides have been made by the government to boost the economy. These include infrastructure spending and boosting public confidence through the roll out of mass inoculation programs. Such efforts did not go to waste. As early as 2020, the Asian Development Bank (ADB) maintained an optimistic economic forecast for 2021. The outlook for 2022 is also rosy, with the ADB stating in a separate report that it is seeing steady economic growth for the country. But while many companies have started to bounce back from the effects of the pandemic to their operations, the road to overall recovery for business is still a long and winding one.
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