John Gokongwei
John Gokongwei: A Pioneering Filipino Entrepreneur
Full Name and Common Aliases
John L. Gokongwei Jr.
Birth and Death Dates
October 5, 1926 - March 16, 2023
Nationality and Profession(s)
Filipino Businessman and Entrepreneur
Early Life and Background
Born on October 5, 1926, in Cebu, Philippines, John Gokongwei Jr. was the second of four children to a Chinese immigrant family. His father, who had arrived in the Philippines in 1913 as a young man, established a small trading business that laid the foundation for their family's entrepreneurial spirit.
Growing up during the tumultuous years of World War II and its aftermath, John faced numerous challenges that would shape his perspective on life and business. Despite these difficulties, he demonstrated an early aptitude for commerce, often helping his father with their family business from a young age.
Major Accomplishments
John Gokongwei's entrepreneurial journey began in earnest after World War II, when he established his first business, a small trading firm called Gregorio Holdings. Over the years, he expanded into various sectors, including textiles, real estate, and banking.
One of his most notable ventures was Universal Robina Corporation (URC), which he founded in 1960 with his brother James Gokongwei. URC's innovative approach to food production and distribution helped it become one of the largest food companies in the Philippines.
Notable Works or Actions
Throughout his career, John Gokongwei demonstrated a commitment to innovation, risk-taking, and social responsibility. Some notable examples include:
Diversification: He expanded URC into new markets and sectors, including international trade and telecommunications.
Strategic Partnerships: Gokongwei formed partnerships with reputable companies like Coca-Cola and General Mills to strengthen his businesses.
* Philanthropy: He supported various charitable initiatives in education, healthcare, and disaster relief.
Impact and Legacy
John Gokongwei's impact on the Philippines extends beyond his business accomplishments. He played a key role in shaping the country's economic landscape through his investments, innovations, and leadership. His entrepreneurial spirit inspired countless Filipinos to pursue their own ventures, contributing significantly to the nation's GDP growth.
Why They Are Widely Quoted or Remembered
John Gokongwei is widely quoted and remembered for his business acumen, innovative thinking, and commitment to social responsibility. His pioneering efforts in various sectors have left a lasting legacy that continues to inspire entrepreneurs and business leaders today.
Quotes by John Gokongwei
I want to make sure our company is in good hands: that it will be good for the country, for the stockholders.
I am optimistic about the Philippine future. Yes, the momentum is there. We have to compete in industry and tourism; we're still weak in industry. We're good in BPOs and sending workers abroad... I think the future looks good, unless there's a big recession in the world.
I went to school here at the University of San Carlos for my primary and high school. I was valedictorian in grade school, and I was number one in high school, and because of that, I received free tuition in school. I thank the school for that.
We have to look for opportunities if we're going to survive the next 50 years. We can't depend on what we have now.
I don't know another Philippine company that has lasted three generations, except for Ayala. Maybe Aboitiz is going to the third.
I'm from Cebu. I was one year old when I came here to Cebu from Fujian, south China. I'm Cebuano. I left for Manila when I was 22.
Love your family. Love your country. Never stop learning... And always look back and be grateful to where you came from.
Do what is right... do it with honesty and vigor. Be creative - that's important. Don't follow what other people are doing.