Book Review - Jimmy Ongpin the Enigma
Ateneo De Manila University
Graduate School of Business
Ateneo-Regis MBA Program
Business Ethics
Book Review
Jimmy Ongpin the Enigma
A Profile of the Filipino as Manager
Submitted by:
Jose Tiburcio S. Canlas
Submitted to:
Dr. Dennis Gonzales
March 14, 2013
Jimmy Ongpin the Enigma
A Profile of the Filipino as Manager
Summary
This book depicts a life defined by struggle and patience, success and accomplishment, and disappointment and tragic death. This is the story of Jimmy Ongpin, technocrat and statesman. At the Ateneo, where Jimmy spent his high school and college years, he was known to be competent, trustworthy, enthusiastic and spontaneous. He was a member of the varsity track team and the Associate Editor of the college yearbook. At this early, he has learned the taste of pride and shame and has developed self-confidence and more realistic outlook on life.
After graduation from Ateneo, Jimmy had a short stint at Procter & Gamble before he pursued a graduate education at the Harvard Business School as a Fulbright scholar. After two years, he returned to the Philippines and joined Benguet Consolidated Mining Company where he was assigned to find a solution to the declining earnings of Benguet’s subsidiary, Engineering Equipment and Supply Company, Inc. (EESCO). Acting as Assistant to the President, he instituted operational reforms and reorganizations which transformed the company into one ready for expansion and competition. In a period of two years, he succeeded not only in improving profits but also in Filipinizing the company. A few years after, Jimmy became the First Filipino President and Chief Executive Officer of Benguet Consolidated Mining Company. In the early 1980’s, there was a growing dissatisfaction from within the business community as Marcos cronyism wasted government money to save financially distressed crony companies. In 1981, Jimmy wrote a letter to Asian Wall Street Journal and
Graduate School of Business
Ateneo-Regis MBA Program
Business Ethics
Book Review
Jimmy Ongpin the Enigma
A Profile of the Filipino as Manager
Submitted by:
Jose Tiburcio S. Canlas
Submitted to:
Dr. Dennis Gonzales
March 14, 2013
Jimmy Ongpin the Enigma
A Profile of the Filipino as Manager
Summary
This book depicts a life defined by struggle and patience, success and accomplishment, and disappointment and tragic death. This is the story of Jimmy Ongpin, technocrat and statesman. At the Ateneo, where Jimmy spent his high school and college years, he was known to be competent, trustworthy, enthusiastic and spontaneous. He was a member of the varsity track team and the Associate Editor of the college yearbook. At this early, he has learned the taste of pride and shame and has developed self-confidence and more realistic outlook on life.
After graduation from Ateneo, Jimmy had a short stint at Procter & Gamble before he pursued a graduate education at the Harvard Business School as a Fulbright scholar. After two years, he returned to the Philippines and joined Benguet Consolidated Mining Company where he was assigned to find a solution to the declining earnings of Benguet’s subsidiary, Engineering Equipment and Supply Company, Inc. (EESCO). Acting as Assistant to the President, he instituted operational reforms and reorganizations which transformed the company into one ready for expansion and competition. In a period of two years, he succeeded not only in improving profits but also in Filipinizing the company. A few years after, Jimmy became the First Filipino President and Chief Executive Officer of Benguet Consolidated Mining Company. In the early 1980’s, there was a growing dissatisfaction from within the business community as Marcos cronyism wasted government money to save financially distressed crony companies. In 1981, Jimmy wrote a letter to Asian Wall Street Journal and