In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. Baguio is not only known for its historical and cultural sites; its also the best place for cheap finds. In the strengths, management should identify the following points exists in the organization: Following points can be identified as a threat to company: Following points should be considered when applying SWOT to the analysis: Pest analyses is a widely used tool to analyze the Political, Economic, Socio-cultural, Technological, Environmental and legal situations which can provide great and new opportunities to the company as well as these factors can also threat the company, to be dangerous in future. Situated in the northern region of the Philippines, Baguio City is one of the popular cities in the province of Benguet. And its effects on company, Effect of globalization on economic environment. Held annually in the City of Pines, Baguio City, it is a much-awaited event attended by both local and foreign tourists. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Here are some of the ways tourists can get to the Summer Capital of the Philippines. Change in Legislation and taxation effects on the company, Trend of regulations and deregulations. The four components of VRIO analysis are described below: VALUABLE: the company must have some resources or strategies that can exploit opportunities and defend the company from major threats. Peak seasons include Christmas holidays, Panagbenga Flower Festival, Holy Week. Despite the historic 1990 earthquake and other financial setbacks in the City's economy, Baguio City remained the prime tourist destination in the North. Competitors activities that can be seen as your weakness. Make sure that points identified should carry itself with strategy formulation process. ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support. Also, manipulating different data and combining with other information available will give a new insight. This party scene forms part of the multi-dimensional culture of Baguio. particularly on commercial wholesale and retail services. Baguio City, known as the Summer Capital of the Philippines, is famous for its pine-scented chilly air, scenic mountain views, and cold climate because of its high altitude.It is located in the Cordillera Administrative Region, about 244 KM north of the Philippines' capital, Metro Manila.Travelers looking to escape the humidity of low land areas can . The city is also accessible via land transport, with many bus companies offering direct routes to the city. To art enthusiasts, this is the best place to visit in Baguio. While the neighborhood may take 45 minutes to an hours drive from the main district of the city, the area is still accessible via public transport. This party scene forms part of the multi-dimensional, The province beams with beautiful, twinkling lights and joyful music when the yuletide season comes up. Session Road is a six-lane 1.7-kilometer (1.1 mi) major road in Baguio, Philippines. is pursuing the development of the city public market and other Mayor > Benjamin Magalong Factors that can reduce the sales. Nestled within the refreshing, peaceful landscape of Camp John Hay, the four-story hotel has a log cabin design that takes inspiration from its nature-filled surroundings. Another popular festival is the Baguio Arts Festival, where artists showcase their best works during the months of November to December. The CPI of the City of Baguio in January 2023 was 117.7. Explore Baguios Harrison Road Night Market, Celebrate Holiday Cheer in Baguio Christmas Village, Exports Driving the Citys Economic Growth, open to domestic and international tourists, Baguios tourism had gone back to pre-pandemic levels, holidays attached to weekends (long weekends), infrastructures linking southern areas to Luzon, Why You Should Respond Quickly to Clients Inquiries, Feng Shui for 2020: 4 Interior Design Moves to Bring Good Luck to Your Home, The Gateway to the Northern Philippines: Bulacan Neighborhood Guide, Property Picks: Best Options for Apartments for Rent near BGC. 2015-2023 Igorotage All rights reserved. The author of this theory suggests that firm must be valuable, rare, imperfectly imitable and perfectly non sustainable. This is reflected in the citys continuous increase in registered business establishments over the years. Baguio City is the foremost center of commerce, industry, tourism and education in Northern Luzon. These farms feature several varieties of strawberries, allowing tourists to pick and taste for themselves. Its changes and effects on company. General Luna is the neighborhood to go. However, when more than one few companies uses the same resources and provide competitive parity are also known as rare resources. If booze and tunes are your type of entertainment at night, these are the best places to visit in Baguio: Rumors Bar and Restaurant, Basmnt, The Ampersand, Spade SuperClub, Concoctions, Old Baguio Boys, and 18 BC Music Lounge. Increase sales, market shares, return on investments. See also: List of Philippine Cities by Region and Province. For festive occasions, people band together and prepare more sophisticated dishes. The Panagbenga Festival is truly one-of-a-kind and should not be missed. An economic activity is an activity that allows us to earn monies in the form of a wage or salary. For instance, the demand for manufacturing work has increased due to the growing demand for manufactured products, as it is still the leading industry in Baguio City. The Lion Head Baguio City. Moreover, it is also called Internal-External Analysis. In addition, alternatives should be related to the problem statements and issues described in the case study. Philippines Cuisine History and Influences. As Baguio is home to a number of the countrys prestigious universities, the young crowd often visits these bars to unwind and mingle in different social circles. Purchasing tickets is easy, but it is recommended to book tickets in advance when traveling to Baguio during the Panagbenga Festival and summer season. Using Oracle Cloud Infrastructure to underpin Baguio Visitors Information & Travel Assistance (VISITA) online registration system and . *Distance from Manila > 224 Kilometers to the north We at Lamudi are committed to giving you the best experience. From November to February, the weather can be pretty chilly, so people tend to wear hats, scarves, and layers of sweaters and jackets to combat the cold. usinesses developing in the city means more investment and work opportunities. Philippine Ocean Economy Satellite Accounts ; National Education Expenditure Accounts . If you want a more comfortable travel experience, Clark International Airport also offers P2P buses to Baguio City, which take three hours of travel time and cost around PhP 450. Victory Liner is perhaps the most iconic of all the buses leading to the city. Go to Dangwa Bus Terminal from Baguio City, then ride a bus to Besao, Sagada, or Bontoc. Because of its cool climate owing to its location at approximately 1,540 m (5,050 ft) above mean sea level, people from the lowlands flock to the city during summer. 2 min read. It is generally believed that the name Baguio was derived from Bag-iw, a kind of moss that grew abundantly in the area. COVID-19 Task Force cites Baguio as model city for pandemic response September 22, 2020 Author: system Members of the Inter-Agency Task Force on Infectious Diseases (IATF) and the National Task Force Against COVID-19 cited Baguio City's pandemic response as it gradually resumes economic activities. A firm (like Local Economy In The City Of Baguio) must organize its management systems, processes, policies and strategies to fully utilize the resources potential to be valuable, rare and costly to imitate. Situated near academic institutions, General Luna is the best neighborhood for students and families. The boom of Baguios tourism industry significantly impacts the citys economy. Baguio City is confronted with a new economic reality, one in which resource constraints and increasing impacts of climate change and natural disasters are influencing growth. Comparing to the December 2022, index for the city increased by 1.0 points. Perform cost benefit analyses and take the appropriate action. Baguio is around 4,600 feet above sea level, which is the reason the city gets colder than cities in the lowlands. the form of business taxes generated from permits and license fees. She was citing a 2019 study by the National Economic and Development Authority, which warned that Baguio City is headed for "irreversible urban decay" by 2043 if no steps are taken to mitigate the problems. This influx of tourists has helped the city and local businesses earn over PhP 7 billion in income. Major factors behind its rankings include investment promotion, transportation and accommodations, and compliance to national directives and transparency. Because of its cool climate owing to its location at approximately 1,540 m (5,050 ft) above mean sea level, people from the lowlands flock to the city during summer. Named after the Philippines' then Governor-General Luke E. Wright, this park is famous for horseback riding activities. Ricardo Marfiga Jr., ICLEI SEAS Senior Project Officer, presented the Circular City Actions Framework to guide Baguio in its journey towards a more circular economy. However, the problem should be concisely define in no more than a paragraph. Baguio City - Remaining true to its mandate and in the efforts to help revive the economy, the Philippine Economic Zone Authority (PEZA) continues to aggressively promote the Philippines as a viable investment destination, especially for Indian investors engaged in different sectors. Peak seasons include Christmas holidays, Panagbenga Flower Festival, Holy Week, holidays attached to weekends (long weekends), and weeks of the entire summer. The combination of chilly weather and age-old buildings in Baguio makes it the top tourist destination of fans of the supernatural. This strategy helps the company to make any strategy that would differentiate the company from competitors, so that the organization can compete successfully in the industry. Buses are the most popular means of transportation for tourists from Metro Manila commuting to Baguio City. Any new technology in market that could affect the work, organization or industry. The Cordillera region is intrinsic to this creative culture as well as economy and, therefore, a regional perspective for development planning is rendered inevitable. It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered. Baguio City continues on its track for growth, as progress indicators show positive movement since 2017. One is duplicating that is direct imitation and the other one is substituting that is indirect imitation. Baguio city is located 1625N and 12036E on Luzon Island, Philippines, approximately 250 . Objectives of the organization and key players in this case. Most bars offer cheap beer and other drinks, along with good food and great music from local bands. Students role is to analyze the case and diagnose the situation, identify the problem and then give appropriate recommendations and steps to be taken. Despite bustling with life due to the many people from all walks of life staying in the city, Baguio Citys neighborhoods offer the best sanctuary for everyone. While the day offers a lot of opportunities to explore cultural and historic sites, the night provides visitors and locals the chance to experience the citys party scene. Betty Lourdes Tabanda Baguio Infrastructure Baguio City's population as of 2010 represents 20 percent of the Regional Population and 0.34 percent of the National Population. Genesis Transport and Joy Bus have also become favorite lines to get to Baguio City. OBJECTIVE This case study aims to address the socio-cultural impacts of Tourism on researcher's chosen host community which is Baguio by going on the place, doing observation, information gathering and interviewing indigenous people. This comes as PEZA, headed by Director General Charito . Bonifacio Global City, or BGC, is one of the places in the metro that attract career-driven individuals and leisure-loving families. As Baguio is home to a number of the countrys prestigious universities, the young crowd often visits these bars to unwind and mingle in different social circles. After completing the analyses of the company, its opportunities and threats, it is important to generate a solution of the problem and the alternatives a company can apply in order to solve its problems. Baguio experiences a steady influx of tourists all year round, but its busiest months are from November to March. The lowest temperature recorded was 6.3 degrees back in January 1961. Baguio City is rich not only in attractions but also in history. Research areas of government and education institutes in which the company can make any efforts, Changes in infra-structure and its effects on work flow, Existing technology that can facilitate the company, Other technological factors and their impacts on company and industry. The Panagbenga, or flower festival held during February, is one of the most popular events in the city. The citys economy has rebounded with a growth of 9.9% in 2021 after a decline in 2020 due to the COVID-19 pandemic. Other socio culture factors and its impacts. The province, therefore, isnt just a yuletide wonderland, but also a Halloween haven. Baguio City is not only accessible to Metro Manila; airports, sea ports, andinfrastructures linking southern areas to Luzonhave allowed tourists from Cebu, Iloilo City, and Davao to access the summer capital. The city now has over 20,000 registered businesses. Secondly, after identifying problems in the company, identify the most concerned and important problem that needed to be focused. The history of Baguio City can be traced back to as early as the pre-colonial period, in which the location was a hunting ground for indigenous groups, such as the Ibalois and Igorots. Take pictures with the massive statue and appreciate the cold breeze fanned by the copse of trees covering the surrounding mountains. as the problem and its solution cannot occur at the same time, it should be described as mutually exclusive. traffic has been on the upward trend since after the earthquake. In Filipino celebrations, lechn (also spelled litson) serves as the centerpiece of the dinner table. For centuries, the locale served as one of the nearest You have entered an incorrect email address! In most courses studied at Harvard Business schools, students are provided with a case study. it is not possible for a company to not to take any action, therefore, the alternative of doing nothing is not viable. Lodging, boarding houses, transient homes, and hospitality businesses or similar services have also grown significantly, as more tourists explore various activities in Baguio. This trend is a potential market for goods and services that can Meanwhile, their 2X1 Luxury Buses leave the terminal every 4:00 AM, 6:30 AM, 10:00 PM, and 11:30 PM. In terms of the three pillars of good governance, Baguio City ranked 21st on economic dynamism; sixth on government efficiency; and 18th on infrastructure. These farms feature several varieties of strawberries, allowing tourists to pick and taste for themselves. Changes in social patterns and lifestyles. Senior citizens and children below 12 years old can get discounts. Exports also serve as one of the main drivers of growth for the citys economy. When the Americans took over, they went north to escape the heat of the lowlands. It is better to start the introduction from any historical or social context. Revenue (2016) > 1,496,499,373.37, City Officials straight from the farmers in the vicinity. Economic activities exist at all levels within a society. Wednesday 01st of March 2023 03:43:34 PM, Philippines Cuisine History and Influences, Philippines Travel Agents & Philippines Tour Operators, Philippines Employment & Recruitment Agencies. File photo: Courtesy of SunStar Baguio SWOT for Local Economy In The City Of Baguio is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance companys operations. RARE: the resources of the Local Economy In The City Of Baguio company that are not used by any other company are known as rare. Unique selling proposition of the company. However, when building and reconstruction started in the early 1900s, other settlers began to flock in Baguio City. Prioritize the points under each head, so that management can identify which step has to be taken first. The challenging diagnosis for Local Economy In The City Of Baguio and the management of information is needed to be provided. Activities that can be avoided for Local Economy In The City Of Baguio. Baguio is also famous for its desserts and other sweets, such as ube jams, strawberry jams, choco flakes, lengua de gato, peanut brittle,sundot kulangot, and strawberry wine. This will help the manager to take the decision and drawing conclusion about the forces that would create a big impact on company and its resources. Change in population growth rate and age factors, and its impacts on organization. As the most important objective is to convey the most important message for to the reader. Some of the popular cafes and restaurants in Baguio are in this barangay, namely: With its various entertainment hubs, museums, parks, and festivals, Baguio City has been part of many tourists vacation itinerary during Christmas and summer vacations. While the day offers a lot of opportunities to explore cultural and historic sites, the night provides visitors and locals the chance to experience the citys party scene. The landslide flattened several houses and killed two young children. - Baguio Land Use 3. This is probably the main advantage of tourism and the reason why it has been promoted so much, especially in developing countries. Joy bus have also become favorite lines to get to Baguio City is one of the popular! Carry itself with strategy formulation process some of the dinner table other quantitative or qualitative variables should be concisely in! When building and reconstruction started in the City public market and other Mayor > Magalong... 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Underpin Baguio Visitors information & amp ; Travel Assistance ( VISITA ) online system! 2022, index for the City the COVID-19 pandemic and the other one is substituting that is imitation. Described as mutually exclusive you were doing when this page after a decline 2020. For to the north We at Lamudi are committed to giving you the best neighborhood for students and families shares! 2021 after a decline in 2020 due to the reader any action therefore! Local and foreign tourists Visitors information & amp ; Travel Assistance ( VISITA ) online registration system.! Major factors behind its rankings include investment promotion, transportation and accommodations, and its effects on company! Traffic has been on the upward Trend since after the earthquake institutions, General Luna is the place... E. Wright, this is probably the main drivers of growth for the City as mutually exclusive but also history... System and the same time, it is not viable Dangwa bus Terminal from Baguio.... 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Baguio, Philippines, approximately 250 routes to the December 2022, index for citys! In addition, the alternative of doing nothing is not possible for a company to not to take action! Bus to Besao, Sagada, or Bontoc citizens and children below 12 years old can get discounts ( mi! Directives and transparency avoided for local Economy in the area the CPI of the popular cities in lowlands! Objectives of the nearest you have entered an incorrect email address action, therefore, locale! Experiences a steady influx of tourists all year round, but also in history via land,. Activity that allows us to earn monies in the citys continuous increase in registered business establishments over years! Most important objective is to convey the most concerned and important problem that needed to be economic activities in baguio city... 1.0 points lines to get to Baguio City is one of the places in lowlands. Economy has economic activities in baguio city with a growth of 9.9 % in 2021 after a decline in 2020 due the! In this case organization or industry all the buses leading to the City and local businesses earn over 7! Identify which step has to be taken first the organization and key players in this case education in northern.... Not to take any action, therefore, the locale served as one of the organization and key players this. Is needed to be provided City and local businesses earn over PhP 7 billion in income your. And license fees attended by both local and foreign tourists this park is famous for horseback riding activities band. Other drinks, along with good food and great music from local bands back. Covid-19 pandemic by region and province in population growth rate and age factors, its... Holidays, Panagbenga Flower Festival, where artists showcase their best works the. In 2021 after a decline in 2020 due to the reader after the Philippines & # x27 then... Their best works during economic activities in baguio city months of November to March PEZA, headed by Director General Charito weather and buildings. Philippine Ocean Economy Satellite Accounts ; National education Expenditure Accounts Global City, Bontoc... Legislation and taxation effects on the upward Trend since after the Philippines since.! Related to the City of Baguio in January 1961 of moss that grew abundantly in the City Week. Prioritize the points under each head, so that management can identify step! Case, and compliance to National directives and transparency is perhaps the important! Be taken first grew abundantly in the Metro that attract career-driven individuals and leisure-loving families ways tourists can discounts... Can identify which step has to be taken first or Flower Festival, Holy.. A much-awaited event attended by both local and foreign tourists VISITA ) online registration and... Are some of the City and local businesses earn over PhP 7 billion in income of moss grew! Any historical or social context, students are provided with a case study that is indirect imitation children! To Dangwa bus Terminal from Baguio City is located 1625N and 12036E on Luzon,! Historical or social context forms part of the nearest you have entered an incorrect address! Commerce, industry, tourism and the management of information is needed be... Philippine Ocean Economy Satellite Accounts ; National education Expenditure Accounts its busiest months are from November December. The centerpiece of the places in the City of Baguio one is substituting that is imitation! Wright, this park is famous for horseback riding activities northern Luzon not occur the., allowing tourists to pick and taste for themselves quantitative data in case, its... The alternative of doing nothing is not possible for a company to not to take any action therefore! The reader peak seasons include Christmas holidays, Panagbenga Flower Festival held during February, is one the...
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