VI.
Socio-Economic Aspect Introduction
The success of a business is not only measured by its profitability but also by how their economic activities affect the society. This feasibility study aims to shape its future in unison with the community, changing the way of life of the public and the landscape of packaging industry altogether.
The following are the social and economic benefits that Boom Bag strives to deliver:
A.
Consumers
The company strives both to obtain new customers and to preserve existing clients. With this principle, the company takes into consideration the following concerns:
1. Product Quality and Consistency
The company shall assure that the product the customers will purchase is of utmost quality but will always be in a progressive nature.
2. Product Safety
The company will make sure that the product will not, in any way, inflict harm to the consumers.
3. Product Development
The company, though will provide the maximum quality of its product, shall not stop in trying to improve or develop its product in order to keep pace with customers’ needs and demands.
4. Marketing Arrangements
The company shall price its product reasonably, based on justifiable input considerations. It shall not engage in hoarding and other price manipulating practices, in appreciation to customers’ continuous loyalty and patronage.
5. Products Complaints
The company shall take into consideration consumers’ opinions, suggestions and complaints, to fully understand the need and demand of consumers. It shall, therefore, provide contact information such as telephone numbers, emails, and address through which customers can send their complaints.
B.
Employees
Employing the right personnel to do the necessary jobs is one of the key to a prolific operation. The company, therefore, values its employees by going over the following considerations:
1. Recruitment Process
The company shall only base its hiring practices and policies to rational qualification criteria and shall not consider national origin, race, skin color or gender preference as a basis for hiring its employees. 2. Wages and Benefits
The company shall provide an appropriate compensation in terms of salary and benefits. The employees shall receive salaries that are suitable to their jobs and positions. 3. Working Conditions
The company shall ensure an ideal working environment for its employees. It will ascertain clean surroundings, adequate lighting, space and ventilation so as to prevent any harm or illness to happen to the
employees. It will also store some medications or first aid kit, in case the employees suffer any harm or illness. Employees shall also have an access to potable water and clean bathrooms. 4. Job Security
The company values its employees for it has invested time, effort and resources to train and cultivate skills that will be necessary for the job. The company also believes that the experience developed during their service is irreplaceable. With this in mind, the employees may rest assured that the company will do its best to show its appreciation for the employees’ loyalty and dedication. 5. Employer-Employee Relationship
The company recognizes potential such as knowledge, resourcefulness and creativity. Therefore, it establishes an open communication relationship between employer and employees. In this situation, decisions are not only a product of the owner/manager’s judgment but also of the employees’ ingenuity. 6. Controversial Issues
Child Labor – employees should strictly be 18 years old and above Forced Labor – employees should work on their own will Freedom of Association and Right to Collective Bargaining – the company shall not restrict its employees the right to form unions and shall not discriminate those who take advantage of their rights. Disciplinary practices – the company shall not exercise corporal punishment, physical coercion or verbal abuse to any of its employees.
C. Community
1. Environment
According to Allen Hershkowitz of the Natural Resources Defense Council, a New York city-based, non-profit international environmental
advocacy group, the debate on whether to use plastic bags or paper bags depends on the place you live. Plastic bags threaten wildlife along the coasts, so if that's where you call home, Hershkowitz says the choice should be paper. In the heartland, he says it's plastic. *1* Owing to the fact that the Philippine is an archipelago and considering the view of Natural Resources Defense Council’s Senior Scientist, we can draw a conclusion that the usage of brown paper bags is to be preferred here in our country.
The proposed shift in packaging will eliminate the adverse effects that the usage of plastic bags has been causing like
*1 *http://www.nbcnews.com/id/18538484/#.U9evmeOSwuc
2. Public
This feasibility study aims to improve the living standards of the general public by providing employment while strictly complying with the legal requisites such as paying taxes and other fees that the government imposes.
The company will provide employment to interested and qualified individuals which will immediately reduce the unemployment rate on a microeconomic level. Allowing them to earn income for themselves nurses their everyday needs and more income entails greater demand for other commodities which will, again, help the employees improve the economic conditions of their localities on a small but constant scale.
Prompt and honest payment of taxes and other fees that the government imposes is one of the aims of the company. In doing so, the company hopes that, even in a small scale, it will augment the government total revenues that will be used in projects that will cater to the needs of the public. Also, Boom Bag sees this as an opportunity to fulfill its aspiration of establishing a reputation of
truthfulness by being a model taxpayer - reflecting true information about its financial status and promptly paying correct amounts of taxes.
3. Industry
In the present, eleven (11) LGUs have already implemented plastic total bans and plastic reduction ordinances. However, it is evident that there are few numbers of brown paper bag manufacturers within the National Capitol Region and most of the dealers within the Metro are importing brown paper bags abroad such as China. Coping up with the continuous rising demand, this feasibility study endeavors to increase the number of suppliers that will cater to the brown paper bag needs of Quezon City and to strengthen the position that the Filipinos have in the industry. It is expected that having more players in an industry makes it healthier through their competition which will further improve the economic conditions on a microeconomic level.
*1 http://www.nbcnews.com/id/18538484/#.U9evmeOSwuc
