Business Analytics

Honestly speaking, the word 'business analytics' is not quite familiar to me, thus, I need to seek some definitions and according to the internet's definition, it deals with the methodologies employed by organizations to enhance their business by making optimized decisions with the use of statistical techniques that might involve data collection and analysis. So practically speaking, analytics is more on providing insights about future business' activities that an organization must need to know in order to stay healthy and stay ahead of competition.

In addition, business analytics is applied almost everywhere- planning what to sell, predicting the consumers' behavior, in what market will you invest, determining the appropriate price range for a particular market, etc. Given the fact that analytics are just pure assumptions of human knowledge, it is inherent therefore that anything can go wrong and disasters might happen in real-time situations if results are blindly applied.

“There is strength in numbers” is a popular cliché, suitably best for collective bargaining agreement of employees and employers. Collective bargaining origin lies in one of man’s primary instincts- defense. Defense in a sense that in a employer-employee relationship, employees will be provided of proper working conditions as well as a secure and proper compensations. It also serves as a means of protection of every employee right against the threats and imbalance of power of the management.

FDI simply means doing physical investment from one country to another which plays a vital role to global businesses in facing dynamic changes of economic environment. Philippines, as one of the ASEAN countries have been a destination of FDI and in fact we are the host country in the recent APEC Summit Meet. Our country is facing a financial crisis in today's time and we need recovery for future sustainable