kchil08: my world

This is actually my entry on the on-the-spot essay competition in NSO where I took the second spot place. It was last November 2008 held at Trece Martires City,Cavite.

Demand – Driven Statistics: Key to Micro, Small and Medium Enterprise (MSME) Development

The world is now facing s great dilemma!

The Philippines together with all the countries around the globe are suffering from the economic breakdown. Melamine scare in China, Lehman Brothers bankruptcy in America and the consecutively increasing of oil prices from exporting countries are partly to blame with such a downward slope in the present statistical data recorded. These are some of the problems that create huge impact in the business ventures all over the world leading to the downturn of the world economy.

It sad to think that the Philippines, once one of the richest country in Asia has been fallen behind other developing Asian nations. In fact, it is now considered as a third-world country which means to say that when it comes to the present state of its economy, it is lagging behind compared to other countries in the world. Precisely the same reason why most of the citizens are pursuing employment abroad and hoping for a greener pasture. But can we blame them? In fact, we cannot solve the economic problem alone but maybe we can do something about it all together by addressing the root cause of it.

However, in solving these problems, numerical information is often required and that is where the concept of statistics gets in…Statistics plays a momentous role in almost every field of life and human activity as well as in business because it provides all the empirical data needed in economic research and the quantitative basis for attaining decisions in all matters.

Moreover, big things come from small beginnings. About 99.6 percent of the country’s business is classified as MSME or Micro, Small, Medium enterprise according to statistics. It employs about 70 percent of the total population or workforce of the country. MSMEs are also responsible for driving innovation and competition for it gives enormous opportunities for most entrepreneurs to harness their skills and talents, to experiment, to innovate and to transform their ideas into goods and services and finally ventures it into larger units. That is the reason why it is considered as the backbone of the Philippines economy as well as the engine of economic growth worldwide.

It is therefore recommended that MSMEs must given proper assistance and support from the government and all of the various sectors of the community. A demand-driven statistics is a key toward MSMEs development. It will serve as the basis for every small business’s decisions and a torch leading toward the right direction. It will surely uplift the spirit of our glooming economic condition. Moreover, it will provide a spark to boost itself…making a great impact to the world in general.

Let’s face it; no one can save the world except its own people and a right strategy. All it takes is a strong will to survive amidst all crises. People should be heading into the same path and aiming toward a single vision…that is to help one another. Even small part of anything matters…like in the case of MSMEs…for without the united effort of everybody, we cannot volt into a complete whole.

Finally, I go back to my premise…The world may be facing a great dilemma…but every problem has its solution. Do you mind being a part of the solution? Let us all be part of it.