An Enterprise Study of Binutong Processors in Lal-lo Cagayan

Date

3-2005

Degree

Bachelor of Science in Agribusiness Management

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Mario V. Perilla

Committee Member

Faustino Q. Arrienda, Carolyn V. Melgar, Dinah Pura T. Depositario

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Abstract

The Enterprise Study of Binutong Processors in Lal-lo, Cagayan aimed to present the profile of the selected enterprise and those entrepreneurs engaged in these enterprise; identify the dominant characteristics and traits manifested by the entrepreneurs; identify and analyze the economic, technological, social and competitive factors affecting the enterprise; discuss the various considerations in establishing and organizing the enterprise and identify start-up and current problems, discuss management practices implemented and adopted by the entrepreneurs and give some recommendations to solve these problems.

A total of twenty processors were interviewed using an interview questionnaire, the bulk of whom came from Catayauan and Fabrica compound. Of the twenty respondents, only 25% were formal enterprises. Majority of the entrepreneurs were born with this kind of business since it is the main source of their parents’ income. Their businesses were usually home-based. Their production areas were located at the back of their houses.

All the enterprise were under the micro-scale category and had less than PHP 150 000 total assets. They were all sole proprietorships and the proprietor himself/herself made decisions independently. In the case of married female respondents, they sometimes consulted their husbands.

The initial source of capital of the entrepreneurs came from personal resources specifically their own savings. As for their educational attainment, only three entrepreneurs finished college. Their age ranged from 20-60 years old. Fourteen of the respondents were female and six were male. Only two respondents were single and the rest were married.

Aside from making binutong or processed clam, all the respondents sold other species of clams. Others were also involved in fishing, farming and operating a store. They were all Roman Catholic.

Persistence and commitment to work were the two characteristics that were manifested by the entrepreneurs. The key external factors identified in the operation of the enterprise were economic, technological, social, competitive and legal-political. In relation to the economic factor, the supply of raw materials was found to affect the processing of clam. On the other hand, the technological factor identified was the unavailability of machine used in the processing. Meanwhile, customers’ preference on where to buy the product was the major factor affecting the enterprise. Lastly, competition among the enterprises occurred at the supply level.

Some of the various reasons why the respondents engaged in this kind of business were the perceived potential profitability; availability of resources and suggested by friends and relatives. None of the respondents conduct any formal study regarding the viability of the enterprise.

In the analysis of the enterprise, the Michael Porter’s model was used. The model highlights five forces that influence a business competitive strategy. SWOT analysis was used to assess the external and internal environment of the industry.

Through these analyses, problems existing in the industry were identified. Recommendations were developed to address these problems.

Language

English

LC Subject

Clam industry, Business enterprises

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993 2005 M17 L67

Notes

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Document Type

Thesis

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