Our company, SM, as many of you may already know, came from the hard work of my dad, Henry Sy, Sr. It is a rags to riches story that even myself did not realize until I went to trace his roots in China.
His journey from the thatched hut I saw there to the shopping centers he has today is something that amazes even myself.
His determination, his discipline and his thriftiness have produced an astute and street smart businessman who has influenced a lot of people. Including us, his children.
My father’s perseverance during the different crises our country has gone through has made our active business pursuits possible for a half century. True, he was disappointed with the economy many times, but he never saw the reason to quit and instead
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We opened our first department store in 1972, two months after Martial Law was declared. The business had a slow start, but progressed steadily. During the Martial Law years, he continued to open more department stores, reaching a point wherein he could not get space he needed in the existing shopping centers during that time. He then decided think long term, and invest in properties for malls, which were patterned after suburban shopping centers, which he had been studying for some time.
When we started the construction of our first mall in 1983, the Philippines was in the midst of a debt moratorium and experienced hyper inflation. The economy decline was further aggravated by the assassination of Ninoy Aquino. Many bankers predicted our demise because my dad came from nowhere – he may had a few department stores and shoe stores at that time, but he was not one of the financial heavy-weights at that time.
Unaffected by criticism, and armed with sheer determination and optimism, he persisted and opened in 1985 with our department store and supermarket and a few tenants. Many potential lessees were saying no to lease offers.
At about the same time, given the social unrest of the times, our own Shoemart Makati was faced with ugly strikes. He almost gave up, but through the encouragement of his employees and customers, he continued. At that time, he decided emotionally draining disturbances should not overpower
Joe emerged his business by perusing his desire to run a business on his own. Together Joe and Larry took the risk and began Bannes-Shaughnessy Inc. in 1972 (Katz, 2011). Despite their prior experience and low amount of capital they began with, within five years they had received their first million dollar contract, proving their existence. From here on out their firm grew, so did their success, and in turn were helping the community. Joe was compassionate and his work and business reflected that. Their families were benefiting from their success as well as their own lives. They were perusing their dreams, and once Joe became the sole owner, he was able to take the business to the next level. It is as if he was beginning the growth stage again within his own company, he could now continue on focusing on the expansion and diversification of his
For my interview I decided to interview my father, Joe Malich. Joe has owned three businesses, Malich Motors, Powerboats Northwest, and The Boat Shop Northwest. His most recent business is The Boat Shop Northwest which is a small boat store compared to Powerboats Northwest which filled bankruptcy in 2009 after the economy crashed. For the purpose of this interview I asked questions based around Powerboats Northwest because it was a bigger company and as an owner he had more employees. Growing up he sold anything he could get his hand on to make money whether it is motorcycles, jet skis, or cars. Eventually in 1997, he opened Malich Motors and was successful in the car industry w but decided to do something no one ever thought of in the northwest,
Have you ever imagining yourself owning a store? Well in New Direction starting Annie Johnson she has to open a store to survive because she has no money. Annie Johnson has two babies and a husband. Annie decided to open a store, although business was slow workers were tempted to taste her food. Every day in the years she would never disappoint her customers. “ I would make boil chicken and sell supplies.”This shows you that anything is possible to owning your own store to whatever
He was a 100-percenter in whatever he undertook, and demanded and expected excellence in performance – one of the keys he considered necessary for ongoing success in both personal and business life. The “battle” was never won, and each new day was simply a new opportunity to excel (see Father’s letter to his granddaughter, Margaret Ann Everist on page _____).
Neither Henry Ford nor Henry Mercer was trained or credentialed in the study of history, but each developed a vision both of what American history ought to be and of how it ought to be studied. Their experiments stood as alternatives to the more narrowly focused academic history that would ultimately triumph. Henry Ford built a history museum in two parts, the galleries displaying a variety of objects and the village itself, however, can also be seen as collection of architectural objects on a grand scale. The museum and village pay homage to America's simple folk. The museum and the village erected as a memorial to America's preindustrial past and its "village" life to rescue a disappearing past. Ford reached back to retrieve his past. For
It was one day he was walking on the street, with the intent of going to the grocers that he found a place in need of workers, the coffee shop. He’s been working at the coffee shop for as long as he can remember.
his children that not only he is not a sell out but he also taught
Ever since I first read about Bruce Halle on a plaque while I was sitting in the local Discount Tire lobby at the young age of eight, I have been inspired. Bruce Halle had nothing to his name yet managed to singlehandedly build a nationally renowned, multi-billion dollar company from the ground up. I aim to do just that.
Packer, "Just Business: Jay Z" 4.) Jay Z came from Brooklyn's drug infested Marcy projects and through a creative hustle, a self made millionaire. He has an elequent way of using words to convey messages via rap to others that can relate to him. After selling millions of records with his Roc-a-Fella label, the ambitious Jay Z created his own clothing line and founded an entertainment company. Jay Z is inventive, persitent, inspiring to others and accomplished in more ways than one.
This case study of Footwear International demonstrates the cultural differences in society. It shows the consequences when a society, like Bangladesh, get interpreted the wrong way by the people. John Carlson from Footwear International experienced an innocent mishap within his company, which had disrespected many people. He needs to let the people know that it was an honest mistake and that Footwear International will do whatever it takes to correct the problem.
As the strike begins to take effect, the striking workers, particularly Bakayoko, come realize how industrialization and the machine have changed their lives.
Jimmy became a respectable shoe shop owner when he was released from prison. He sold shoes and made an honest profit. Jimmy showed me that he had reformed his ways and that he wanted to change. I think it was smart of Jimmy to open a business
store in a small rural community grew over the next three decades into a retailing powerhouse.
Family Dollar’s retail strategy will work in both good and bad economic times. The company’s mission: is to provide our customers with a compelling place to shop, our team members with a compelling place to work, and our investors with a compelling place to invest. Our vision is to be the best, small format convenience and value retailer serving the needs of families in our neighborhoods. (Family Dollar 2012 Annual Report) During the economic downturn, Family Dollar reevaluated the company’s goals. One of the goals the company will be refocusing on will be to build customer
His success in organizing the store as a trainee, promoted him to a full time manager. Quite intentionally, the company had assigned him to run a small but thriving business with a strong team.