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How millennials can succeed, according to MVP, Tessie Sy-Coson

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ABS-CBN News

<figure class="op-interactive"><div id="IVS_ABS_Body_Video_1_Container"> <ivs-player id="IVS_ABS_Body_Video_1" data-ivs-spid="3001339" data-ivs-key="e8c22c015ca9eafa76f1e3edfa03c603" data-ivs-vid="1454653" data-ivs-floating="1"></ivs-player> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/iframe-parent.js"></script> <script src="https://player.ivideosmart.com/ivsplayer/v4/dist/js/loader.js"></script> </div></figure><p>MANILA - Millennials should &quot;balance&quot; their intelligence with their emotions and work abroad to broaden their perspective, leaders of two of the country&#x27;s largest conglomerates said Friday.</p><p>PLDT Inc. chairman Manuel Pangilinan and SM Investment Corp. vice chairman Teresita Sy-Coson spoke at the “Prosperity for All Summit,” one of the highlights of the Association of Southeast Asian Nations meetings in Manila this week.</p><p>&quot;The millennials are more knowledgeable than many of us because of their information in the digital space. Because of their accelerated knowledge, sometimes they think they know a lot,&quot; Sy-Coson said.</p><p>&quot;Some of them are very low in EQ (emotional quotient) but in IQ (intelligence quotient), many of them are very high. I guess it takes a while to balance the EQ and the IQ,&quot; she added.</p><p>Pangilinan said millennials should not confine themselves to their home countries.</p><p>&quot;If you have the chance to go abroad go do it. You are young enough to fail. You are young enough to learn what&#x27;s out there,&quot; he said.</p><p>&quot;It&#x27;s important for you whether you&#x27;re millennial or not to know what&#x27;s out there in world. If you&#x27;re so engrossed with things that are entirely domestic, you will never know what competition is like in the world,&quot; he said.</p><div><strong>MENTORSHIP</strong></div><p>The two industry leaders also expressed their willingness to mentor small businessmen. Pangilinan said PLDT Inc has a unit specifically for that purpose.</p><p>“Our goal is to bring them up to the digital age,” Pangilinan said. &quot;A digital company like PLDT is an enabler of businesses large and small.”</p><p>Mentoring is “leading by example,” Pangilinan said, adding businessmen should learn that “one can be a profitable enterprise without having to cut corners.”</p><p>SM mentors small businessmen by giving constant feedback to suppliers and providing credit links through the group’s banks, Sy-Coson said.</p><p>“We always demand from our supplier and service provider to give us better products, better technology and better design,” she said.</p><p>“I think it is institutionalizing, formalizing what we have been doing and that is remarkable,” she added.</p><p>Go Negosyo chairman founder Joey Concepcion, who helped organize the summit, said he was working at establishing a network for business mentors in Southeast Asia.</p>

<p>Leaders of two of the country’s biggest conglomerates said Friday they were willing to mentor small businessmen, as Southeast Asian nations reiterated their commitment to help struggling entrepreneurs.</p>

Leaders of two of the country’s biggest conglomerates said Friday they were willing to mentor small businessmen, as Southeast Asian nations reiterated their commitment to help struggling entrepreneurs.