midterm question # 1

Research 1 company that makes use of E-commerce. Describe the nature of this company in 1-2 paragraphs.



Identify then, how does this company use e-commerce to achieve strategic advantage. Describe the benefits derived from this strategy.

Globe Corporation

Globe Telecom is a leading telecommunications company in the Philippines. We continue to grow and engage our customers through our clear commitment of "Making Great Things Possible."As a pioneer, Globe Telecom continues to be a part of the revolution that’s connecting millions of people across the Philippines and around the world - a testament to our continuing commitment to nation-building. Beyond technology, we feel that our business is truly shaped by the bonds that tie Filipinos together. We believe that communications is ultimately about relationships, and this drives us to innovate and constantly find new ways to enhance our portfolio of services. Looking ahead, as multimedia becomes more pervasive, we fully intend to introduce compelling new products to further enrich the lives of Filipinos everywhere.

CORPORATE GOVERNANCE

Globe Telecom recognizes the importance of good governance in realizing its vision, carrying out its mission and living out its values to create and sustain increased value and returns for its customers and stakeholders.
As strong advocates of accountability, transparency and integrity in all aspects of the business, the Board of Directors (“Board”), management, officers, and employees of Globe Telecom commit themselves to the principles and best practices of governance in the attainment of its corporate goals.
The machinery for corporate governance is principally contained in the Company’s Articles of Incorporation and By-Laws which lay down the basic structure of governance, minimum qualifications of directors, Board membership of at least two independent directors, as well as the principal duties of the Board and officers of the Company.To further strengthen its governance framework and in compliance with the Securities and Exchange Commission’s Memorandum Circular No. 2 Series of 2002, the Company adheres to a Manual of Corporate Governance which clearly sets out the principles of appropriate supervision and good management, and which defines the specific responsibilities of the Board, the Board Committees, and management within the over-all governance framework.
The Company has likewise adopted a Code of Conduct for employees as a guide to matters involving work performance, dealings with employees and customers, handling of assets, records and information, and the avoidance of conflict of interest situations and corrupt practices.
Initiatives are regularly being pursued to develop and adopt corporate governance best practices, and to build the right corporate culture across the organization.

The company use e- commerce to satisfy the needs of the customer and that was their strategic advantage to the customer and the other strategic advantage is to convince their customer to make business to that corporation. The benefits that can get by the customers is good service. their core values are:

Customer First Our customers are our greatest passion. We are personally responsible for satisfying and even exceeding their expectations.
AccountabilityWe take ownership of and responsibility for our actions, decisions, and their results.
ExcellenceWe strive to be best in everything we do, in an environment that is nurturing and fulfilling. We learn and make ourselves better everyday.
InnovationWe relentlessly create and improve products, services and processes for our customers.
TeamworkWe respect each other as individuals. We work as a team and support each other’s goals.
IntegrityWe honor our commitments. We are fair, ethical and honest. Ultimately, these are what count to our Nation and God.

created by: nikki joy castaño
mgt7 class 5:15- 6:15