The success of YGC is mainly attributed to its leader, Don Alfonso Yuchengco. When Don Enrique Yuchengco died in 1953, he left Don Alfonso all the businesses and its management. Using what he learned from his father, he is able to make the companies flourish even during difficult times.
One of the keys to Don Alfonso’s early success in business is his ability to make friends and interact productively with business colleagues. The valuable contacts and opportunities he developed through his social network helped his companies expand rapidly. Associates like to point out that his openness to setting up joint ventures, especially with foreign partners, has been one of his most important assets.
Don Alfonso’s career has spanned many eras starting from the Philippine Commonwealth, through the Second World War, the years of economic expansion in the 1950s and 1960s as well as the difficult years of martial law in the 1970s and 1980s. Throughout his career as a businessman and a diplomat, he consistenly espoused social discipline and national pride. His belief that both are necessary ingredients for progress and development has served his companies and the nation well.
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