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Ma. Victoria C. Españo Message from the President:

Ma. Victoria C. Españo


PRESIDENT’S MESSAGE

Year 2018 is indeed a special year for FINEX: it marks our 50th anniversary as a leading organization of finance professionals. Through the able leadership of our past presidents and the multitude of members who have actively participated in and supported our different initiatives, we have made significant achievements in supporting the professional development of finance executives,

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In the midst of changes
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By Dr. Conchita L. ManabatBy Dr. Conchita L. Manabat

BUSINESS MIRROR (FINEX Free Enterprise)
February 6, 2018

In the Midst of Changes

Finex Free Enterprise is a rotating column of members of the Financial Executives Institute of the Philippines appearing every Wednesday & Friday in BusinessMirror, banking & finance Section.

“To survive and succeed, every organization will have to turn itself into a change agent.” — Peter Drucker “To survive and succeed, every organization will have to turn itself into a change agent.” — Peter Drucker

More than ever, we live in interesting times. The insatiable appetite to be on top led to sophisticated and innovative schemes/structures. Everything has consequences, though, and oftentimes, the extent of the likely occurrences of “damages and risks” is at best an estimate.

An organizational development consultant says, “The winds of change are life generating opportunities but the waves of development invariably require order and stability. There is always a paradox in every change. As a law of life, out of order comes the need for change, but out of change comes the need for order. The order and norms of things require the system to take stock of breath to settle down for stability and sustainability.”

To have order, the agent of change must be a role model and must have the credibility and respect of all. Large-scale change programs are successful only when they are led from the “top” by committed and honest change agent leaders. More important, the programs should be implemented with purpose and passion anchored on discipline.

Peter Senge describes a leader with personal mastery as someone who constantly strives to see current reality clearly and understands that there may be differences between her or his perceptions, mental models and true reality.

The encouraging results of economic development put the country as one of the performers in this side of the world. Against this good news, the pursuit of changes in our country is so widespread—the system of government, educational system, taxation, laws, regulations, international alliances and more. We should welcome change for the greater good. It is recommended that each player attempt to rise above the perceptions, the over-emphasis of negative information and even fake news, and seek out the positive developments as closely as the negative developments are sought out for them. May those taking the lead be real role models, committed and honest. May they share good deeds and exercise discipline leading all to a better life.

As a people and for our own sake, we should pull our act together and care for ourselves. In the midst of these many changes, let our love of country prevail for nobody else will care for us. At the end of the day, history will judge all the players and all of us.

Dr. Conchita L. Manabat is the President of the Development Center for Finance and a Trustee of the FINEX Development & Research Foundation. A past Chair of the International Association of Financial Executives Institutes (IAFEI), she now serves as the Chairperson of the Advisory Council of the said organization. She can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it https://businessmirror.com.ph/in-the-midst-of-changes-2/

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of FINEX.

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