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Presented to the
Department of Agribusiness
In partial fulfillment
In MGT 111
Shakey’s Pizza Asia Ventures, Inc. owns and operates a chain of fast food restaurants nationwide.
The company focuses on casual family dining and offers menu consisting of pizza, chicken, pastas, etc.
Starting with a single store that was established in Metro Manila in 1975, the company now have a total
of 189 stores (Company owned stores and Franchise stores) nationwide and as well as restaurants abroad.
In 2015, Shakey’s was named as the market leader in chained pizza full-service restaurant with
65% and the competitor at 29% and chained full-service restaurant with 26% followed by the competitor
at 16% by Euromonitor, a leading provider of global business intelligence and market analysis.
In 2017, Shakey’s introduced the concept of WOW, which is guest centered. This concept
emphasizes on their want for their guests to come back to their store. It focuses on customer service
quality. The WOW culture starts as early as the selection and hiring period. Employees are introduced to
the basics of guest service this includes knowing how to respond to customers’ inquiries and delivering to
their need and wants. To know whether the concept is effective the Book of Wowing is given to every
branches. This book will reflect on the effectiveness of the concept. Guests are to provide comments,
The current president of Shakey’s Pizza Asia Ventures, Inc. is Mr. Vicente L. Gregorio, who has
been the Chief Executive Officer and President of the said corporation since March 2013. Mr. Gregorio is
well knowledgeable with the food business from his thirty (30) years’ experience in the food industry. He
was a former Operations Director in various food service company before assuming the positions in
Ventures, Inc. from February 2003 to March 2013. He also serves as a member of the Board of the
Philippine Franchise Association, Cavallino, Inc., Don Bosco Technical College, Bosconian International
Chamber of Commerce, and Plan Master Insurance and Financial Services, Inc.
There is a total of seven board members or directors namely Christopher T. Po, Ricardo Po Jr.,
Teodoro Po, Leonardo Po, Paulo Campos III, Fernan Lukban, Lisa Cheng, Enrique Gomez Jr., and Vicente
Gregorio.
Christopher T. Po is acting as the Chairman of the board, he was the former President and Chief
Executive Officer of Century Pacific Food, Inc. while his two older brothers Mr. Ricardo Po Jr., and Mr.
Teodoro Po are the Vice Chairmen of Shakey’s Pizza Asia Ventures, Inc. Paulo Campos III, aside from being
a part of the board of directors, serves as an Audit committee member, the corporate governance
committee chairperson and Related party transactions committee chairperson. Fernan Lukban serves as
the Audit committee chairperson, Board Risk Oversight Committee Member, Corporate Governance
Committee Member and Related Party Transactions Committee Member. Lisa Cheng takes on the role of
Board Risk Oversight Committee Chairperson and Corporate Governance Committee Member.
Century Pacific Group, Inc. holds the largest share in the company, a total of fifty-three (53%) of
the shares. The said corporation is operated by the Po Brothers, who also has the higher positions in the
Board of Directors which is presented in the former paragraph. An annual stockholder’s meeting is to be
held every June 30 and this schedule will start in the year 2019. In year 2017, the annual stockholder’s
Shakey’s Pizza Asia Ventures, Inc. is an example of a stock corporation. Capital stock are divided
inti shares and dividends are distributed to the shareholders depending on the shares they hold.
As the year 2017 comes to an end, the company’s authorized capital was of 2 billion pesos that id
composed of 2 billion common shares with a 1-peso par value. During this time, there were 1,531,321,053
listed, issued and outstanding shares. The company ended 2017 with a market capitalization of Php
20,611,581,373.38 based on the Php 13.46 closing price. There aren’t any treasury shares reflected on the
Retained Earnings
The total retained earnings of Shakey’s Pizza Asia Ventures, Inc. in 2017 is 1,095,525,015.
Appropriations of the retained earnings are not specified in the report. Only the values of the total
Dividend
The stock for the Shakey’s Pizza Asia Ventures, Inc. has a minimum board of 100 shares. Stock
prices had a 17% increase from Php 11.50 to Php 13.46 in 2017. Shakey’s Pizza Asia Ventures, Inc. declared
regular cash dividend in May 08, 2017. The dividend rate of the corporation is ten centavos per share. The
2017 was a great year for Shakey’s Pizza Asia Ventures, Inc. There are increase in most of the
aspects within the company and more stores were put up during the said year, a total of twenty-four (24)
stores nationwide. The first international store was established during the year 2017 as well. The
corporation had a fourteen percent (14%) increase in net income. In 2016, the business had a 669 million-
peso net income while in 2017, the business had a 762 million-peso net income.
The company also recorded the total assets of 9, 109M, total liabilities of 5, 123 M, and total
equity of 3, 974M. There is also a system-wide increase regarding the sales. The sales spike up from Php
7.3 Billion in 2016 to Php 8.3 Billion in 2017. Revenues also had a 16% increase in 2017 with 7 Billion and
Social responsibility
It is stated in the financial statement that pensions are given to the employees however that is
the only corporate social responsibility that is disclosed in the annual report of 2017.
Conclusion
The food industry is one or probably the most profitably business to enter to. Filipinos are great
eaters and poultry and rice are the two kinds of food that people usually look for in a restaurant. Since
the Philippines have numerous fast food chains, chicken really appeals to the public.
The change in concept of Shakey’s in the year 2017 boosted up their income, since the concept
targeted the main priority of a business – its customers and providing good customer service. As the
customer service improves, more customers are bond to come back and experience the same warmth
and hospitality. Having well connected stockholders also contributed to the success of the company as
well as the very experienced CEO. Distribution of roles is one of the key factors that influence the success
and was reflected in figures. The Board of Directors were well versed and are given different departments
Money-wise, I believe a corporation as large as this and handles billions of pesos should have
great contract and partitions. All expenses and sales must be reflected on the accounts especially that a