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Mang Inasal and Jollibee The biggest news among entrepreneurs this week is the decision of Edgar Injap Sia II to sell majority stake of his baby, Mang Inasal, to Tony Tan Caktiong’s Jollibee Foods Corp. for P3 billion. From this story, entrepreneurs can learn two lessons. First is the discernment and the courage a successful entrepreneur like Tan Caktiong has in giving an “unsolicited offer” to acquire Mang Inasal. In JFC’s disclosure to the Philippine Stock Exchange, the company said the offer to acquire Mang Inasal, seen by many as the next Jollibee, was “unsolicited”. It takes guts and courage to approach a competition with an offer like that. Second: Sia’s courage and discernment that Mang Inasal may be better off under JFC’s care. In his letter to the “Mang Inasal Family”, Sia said the sale will pave the way for a better Mang Inasal and for the brand to go global. Although he said he was deeply saddened by the decision, Sia said it was also something that gave him joy, knowing tha

  Source: sayingimages.com

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Information technology research and advisory firm  Gartner Inc.  said in its latest report on worldwide social media usage that that the Philippines leads Asia in terms of its adoption of "major global operators" of social media. "While Asia's biggest economies have been slow to embrace the global social communities of  Facebook ,  Yahoo  and  Twitter , many countries in the region have followed the adoption patterns of Europe and the US. The most avid social networkers are in the Philippines, where Facebook is the country's most visited Internet site," the report  said. The report noted that countries in the Asia Pacific region —particularly China, Japan, South Korea, and India— have developed their own social network services and consumption habits that are distinct from North American and European markets. According to the report, this divergence from Western consumption patterns is spurred largely by high consumer interest in services such as online gami