Home⇛International Research Journal of Science, Technology, Education, and Management⇛vol. 2 no. 4 (2022)

The one town, one product program of Cavite Province: A focus on the growth-impeding constraints

Jerico B. Tadeo | Marlon A. Mojica

 

Abstract:

The Philippines and other ASEAN member countries have adopted the promotion of micro, small and medium enterprises (MSMEs) as a key strategy in addressing this global concern. OTOP Philippines is a key strategic project for MSMEs in promoting inclusive local economic growth. This study determined the profile of OTOP stores and identified their respective internal and external growth constraints and the extent through descriptive-correlational-causal designs utilizing 58 OTOP enterprises in the province of Cavite. Results revealed that the enterprises were identified as microenterprises and are solvent. In addition, people were identified as the common internal constraint, while the political aspect was noted as the external constraint using the Pareto analysis. Correspondingly, insignificant effects of a business profile on the extent of growth-impeding constraints were noted. The study recommends using long-run and short-run enterprise strategies for OTOP enterprises that may foster growth as a foundation of the pandemic take-off strategy. A model-based approach intervention for local government as a pandemicjumpstart approach in stimulating growth among OTOP enterprises in Cavite may also be conducted.



References:

  1. Al-Mataani, R. (2017). Examining the entrepreneurial context of Oman: multi-layered perspective using the institutional lens. University of Southampton, Doctoral Thesis, pp.240.
  2. Appoy, M.B. (2015). Analysis of the Marketing Management Strategies of the OTOP in Ifugaotowards a Sustainable OTOP Implementation. Asian Journal of Business and Management, 3(4). https://www.ajouronline.com/index.php/AJBM/article/view/2833
  3. Chattinnawat, W., Phanphet, S., Sukprasert, N., Suttipong, R., & Wangmai, A. (2019). Factor Affecting Elderly Consumer Buying Attitude on Thailand OTOP Product. International Journal of Engineering and Advanced Technology. https://www.ijeat.org/wp-content/uploads/papers/v9i1/A9437109119.pdf
  4. Clegg, B. (2018). Perceptions of growth-impeding constraints acting upon SMEs operations and identification and use of transitionary paths to elevate. International Journal of Operational Management.https://publications.aston.ac.uk/id/eprint/31713/6/Perceptions_of_growth_impeding_constraints_acting_upon_SMEs.pdf
  5. Crismundo, K. (2020). OTOP generates P1.4-B sales in 2019. Republic of the Philippines Philippines News Agency. https://www.pna.gov.ph/articles/1093539
  6. Dang, H., Ho, T., Lebailly, P., Long, H., & Ta, N. (2018). One Village One Product (OVOP)—A Rural Development Strategy and the Early Adaption in Vietnam, the Case of Quang Ninh Province. ResearchGate.https://www.researchgate.net/publication/329255939_One_Village_One_Product_OVOPA_Rural_Development_Strategy_and_the_Early_Adaption_in_Vietnam_the_Case_of_Quang_Ninh_Province.
  7. Dagpin, J.C., Escaño, A.R., Mendoza, X.L.D., & Vertuso, J.C. (2022). Microenterprises Shutdown Amidst COVID-19 Pandemic: A Focus on Determinants and Exit Strategies. Asia Pacific Journal of Academic Research in Business Administration, 8(1).
  8. Dixon, L., Gates, S., Kapur, K., Seabury, S., Talley, E. (2006). The Impact of Regulation and Litigation on Small Business and Entrepreneurship. Kauffman-RAND Center for the Study of Small Business and Regulation, https://www.rand.org/content/dam/rand/pubs/working_papers/2006/RAND_WR317.pdf
  9. Department of Trade and Industry. (2020). CALABARZON OTOPreneurs to invade the digital market. dti.gov.ph. https://www.dti.gov.ph/archives/regional-archives/region-4a-news-regionalarchives/calabarzon-pasinaya/
  10. Efendi, M., Huda, K., Santy, Y., and Waluyo, S. (2020). One Village One Brand, An Alternative Concept Perspective to Improve Medium Small Business. International Interdisciplinary Conference on Sustainable Development Goals. https://journals.ubmg.ac.id/index.php/IICSDGs/article/download/57/62/
  11. Haseeb, M., Hussain H., Ślusarczyk, B., and Jermsittiparsert, K. (2019). Industry 4.0: A Solution towards Technology Challenges of Sustainable Business Performance. Social Sciences. 2019; 8(5):154.
  12. https://doi.org/10.3390/socsci8050154
  13. Ibrahim, Kamaluddin, Mas’ad, Mintasrihardi, & Syukuriadi. (2020). Community Empowerment Pattern Through Village-Owned Enterprise Strategy in the Gold Mine Area of West Sumbawa, Indonesia. IOP Conference Series: Earth and Environmental Science. https://iopscience.iop.org/article/10.1088/1755-1315/413/1/012036/pdf
  14. Dagpin, J. C., Escaño, A.R., Mendoza, X.L.D., & Vertuso, J. C. (2022). Microenterprises Shutdown Amidst COVID-19 Pandemic: A Focus on Determinants and Exit Strategies. Asia Pacific Journal of Academic Research in Business Administration, 8(1).
  15. Nurani, N., Nurjanah, R., and Prihantoro, I. (2020). Competence of Human Resources of Small and Medium Enterprises (MSMEs) of West Java through Intellectual Property Rights (IPR) Protection in the COVID-19 Pandemic Era. PalArch's Journal of Archaeology of Egypt/Egyptology, 17(10), 3878-3896.
  16. Nyamu, G., Obala, L., & Wagah, G. (2018). The Role of Human Resource Development in Implementing Differential Advantage Approach in OVOP Projects, Kenya. Journal of Geography and Regional Planning. https://academicjournals.org/journal/JGRP/article-abstract/52D4A9D57830
  17. Ohaya, O., Misigah, G., & Kinyajui, C. (2017). ONE VILLAGE ONE PRODUCT (OVOP) – REGIONAL SUSTAINABLE DEVELOPMENT IN KENYA. Jomo Kenyatta University of Agriculture and Technology. http://journals.jkuat.ac.ke/index.php/jscp/article/view/1086
  18. Satish, A. & Rajamohan, S. (2019). Entrepreneurial Strategies of MSME for the Sustainable Development in India. Science Technology and Development. http://journalstd.com/gallery/36-dec2019.pdf
  19. Senate Economic Public Office - Congressional Policy and Budget Research Department. (2021). FF2020-19: MSMES IN THE PHILIPPINES. GOV.PH. https://cpbrd.congress.gov.ph/2012-06-30-13-06-51/2012-06-30-13-36-50/1195-ff2020-19-msmes-in-the-philippines
  20. Soriano, J. (2019). Key Success Factors and Entrepreneurial Orientations of The Beneficiaries of the One Town, One Product (OTOP) Program in the Province of Tarlac. Review of Integrative Business and Economics Research. https://www.google.com/url?sa=t&source=web&rct=j&url=http://buscompress.com/uploads/3/4/9/8/34980536/riber_8s2_04_h18053_3883.pdf&ved=2ahUKEwj4wrPzx7TwAhVNVH0KHRznBSEQFjAAegQIBhAC&usg=AOvVaw2AN4PtETDlUc9-ryfH3QPu
  21. Tabisola, Christian Thom. (2019). Socio-Economic Impact of One-Town-One-Product (OTOP) Entrepreneurial Program in Region 1 Philippines. Journal of Contemporary Issues in Business and Government. https://cibg.org.au/index.php/cibg/article_8519_177f1cc3823c203fed1bb36eb01bf1a4.pdf.
  22. Tadeo, J.B. & Muralla, D.S. (2022). Opportunities and Challenges of Selected One Town One Product Enterprises in Selected Towns of Cavite Amidst Pandemic. International Journal of Multidisciplinary: Applied Business and Education Research, 3(11), 2255-2265.
  23. Tadeo, M.J.B. The Potency of Fiscal and Monetary Policy of The ASEAN Five From 2005 to 2015: A Modified St. Louis Model Approach. https://doi.org/10.13140/RG.2.2.35628.13440.

Tools


Copyright © 2024  KITE Digital Educational Solutions |  Exclusively distributed by CE-Logic