The Philippines is indeed a gold mine for information technology professionals but the fact remains that they need to consider the fact that technology is more than purely educating people. One thing that they sorely lacking is implementation, an instance that has become one of the reasons why some countries always become last.
Locally, the Philippines fail to realize the value of Internet marketing. They pretty much discuss the importance of globalization but rely heavily on individuals using old tactics such as traditional travel or long distance communications to strike deals. By the time they agree on something, chances are that other global partner has long been a success.
The apprehension and common belief of local top executives is that they are afraid to pry away from the current trends of being successful. Current practices such as Internet Marketing and Blog Marketing are sound topics we see on the web and yet most of them choose to ignore it. One reason is that they are only looking for a local market and not the global opportunity.
It is apparent that not all people appreciate the value of globalization. They know it theoretically but the whole essence is sorely lacking when it comes to actual implementation. So in the end, it is a large opportunity lost not only because of arrogance but because they lack the confidence in allowing technology into their ventures.
The current business issues speak a lot. While many are looking at recession and possibly business closures, others are sitting comfortably and waiting for the expected boom from Internet technology. It is happening right now. They just choose to refrain from stepping out of their comfort zones.