Module V

Theory of Production

1. How covid-19 squeezed productivity among people and business industries?

The COVID-19 pandemic has plunged the global economy into its deepest
recession since the Second World War. The pandemic is likely to leave lasting scars ranging
from lower investment to the erosion of human capital. Ultimately, this may lower
productivity and limit income growth. Conversely, the pandemic also raises the possibility of
large structural changes to the global economy, some of which may be productivity-
enhancing.

In the midst of the current COVID-19 pandemic, global markets are severely
disrupted. Businesses are forced to explore innovative solutions to overcome the growing
negative implications of this unprecedented crisis. Due to various quarantine measures
imposed by governments around the world, certain industries have been affected much more
than others.As only businesses involved in the value chain of essential commodities are
operational, the rest of the industries need to evaluate how they will respond to business
unusual.

Cleaning Services, Delivery Services, Grocery Stores, Liquor Stores, Game

Companies, Fitness Equipment Companies, Tutoring Services, Behavioral Health Providers,
Tech Companies and Healthcare Workers are some industries have been doing well during
the pandemic and will likely continue to do so after it's gone. These industries provide hope
for the economy as well as overall individual well-being.

No matter the situation in which we find ourselves, human beings are resilient and
have always found a way to adapt. The fact that so many industries are thriving even while
others are not seeing the same success provides hope that we will be able to cope with the
challenges presented by Covid-19 and come out stronger.

We all started this year with aspirations and dreams that we wished to accomplish.
Just like the start to any new year, this year promised new opportunities and experiences.
However, COVID-19 pressed pause on our lives and halted some of the goals we had set out
to achieve.

ANNEFE D. BALOTA - BSED SOCIAL STUDIES 2B

2. Research and identify some of the successful business entity in the Philippines that uses
resource efficiency.

Marco Polo Plaza Cebu, Hotel

Home to some of the award-winning restaurants and food of Cebu.

Marco Polo receives natural resource efficiency award

Marco Polo Plaza Cebu received one of the 2015 Awards

for Climate-Resilient & EcoFriendly Companies last June 30, 2015
during the IndustryEnviro Congress organized by Environmental
Management Board (EMB), Department of Science and
Technology (DOST), Department of Trade and Industry (DTI),
Department of Tourism (DOT) and Department of Energy ( DOE ).
The "Natural Resource Efficiency Award” was given to
Marco Polo Plaza because of the hotel's effort to use natural
resources as means of generating power and saving energy. For example, the hotel has
installed water saving methods to decrease consumption using facilities that are activated
through solar power. It also recently converted 85% of the ordinary lights to LED lights, thus
reducing carbon footprint.
Part of Marco Polo Plaza's policy is to conserve and preserve natural resources for
the benefit of its community and the people around it. The hotel is also very active in tree
planting activities and feeding programs. It annually supports the Tree of Hope advocacy and
has campaigns on saving the Philippine Eagle.
The Technical Department, under the leadership of Marco Polo Plaza's Technical
Manager, Engr. Marlon Pilante and Technical Operations Administrator, Dorothea Moras
Adlawan, has consistently been pouring their efforts in producing a sustainable and
ecofriendly work environment.

Reference: https://www.pressreader.com/

ANNEFE D. BALOTA - BSED SOCIAL STUDIES 2B