At one point in his past, Sy was shot by a shrapnel and almost die in excessive bleeding, someone helped him, that someone became his friend and as an act of gratitude, he bacame a business partner and now indeed became successful because of him.

How successful is Henry Sy?

Sy had topped the Philippine Rich List for eleven years in a row. His net worth was estimated at $19 billion at the time of his passing, making him the 53rd wealthiest person in the world. The 94-year-old former immigrant from China had built a vast business empire that spans retail, real estate and banking.

What are the characteristics and competencies that made Henry Sy successful why?

His philosophy and principles in business have made him a very effective and successful entrepreneur, and have established for him a reputation that has made him an example of what it means to be a businessman. Four words can be used to describe Henry in general: creative, diligent, persistent, and optimistic.

How did Henry Sy become rich?

How Henry Sy become rich? Born in 1924 in Fujian province, he went to the Philippines at the age of 12 and got his start in the retail business by selling goods in his father’s neighborhood store. After saving enough money, Sy started his first business with a footwear shop called ShoeMart in 1958.

What can we learn from Henry Sy?

One of the important lessons Sy taught his team was about customer service – to make sure to serve more people and to serve them better. This was crucial especially in catering to customers’ evolving needs in the new environment. “We always pay close attention to customer behavior on both online and on-ground.

How did Henry Sy help the community?

Henry Sy was a generous donor to charitable causes, allotting millions of pesos each year to finance the college scholarship of thousands of underprivileged Filipino youth, donating school buildings, books and equipment, housing to the poor and through SM Foundation, also donating huge amounts to health care, disasters …

What is the main goal of Henry Sy?

He was committed to achieving a valuable goal for an organization. He not only convinces himself but also his team members to follow his enthusiasm. Later on, the Henry Sy. focus to expand their business.

What are the values of Henry Sy?

Henry Sy has maintained traditional Confucian values of hard work, frugality, discipline, love of study, self-sacrifice for the family welfare and harmonious social relationships. He has said: “The SM business model is anchored on hard work, focus, determination and the ability to take risks and make bold calls.

How does Henry Sy help the economy?

“He made his billions working hard, first selling shoes, to build a current conglomerate of giant malls, real estate, banks, financial services, insurance, retail, and a dozen of other businesses,” he noted. Senator JV Ejercito said Sy was “definitely a mover and a game changer of the Philippine economy.”

What makes Henry Sy’s success story so inspiring?

Henry Sy story is so inspiring, while reading it I also thinking to be like him. I also want ro be a successful entrepreneur someday. Thank you for your inspiring story sir henry it motivates me more. Success means to not be afraid of taking risk! He has done something that other entrepreneur was not able to conceptualize.

Who is Henry Sy’s wife and what does she do?

Felicidad, Henry’s wife helped Sy in the businessprocess all the way. Felicidad is a lace vendor in Manila which also have given Sy an idea to bring in other goods and products inside his Shoe Mart.

Where did Henry Sy build his shoe business?

Henry Sy stayed in the Philippines and built his own shoe business in Marikina. Sy did not have an overnight success. He enrolled himself to school and was able to graduate college with a degree in commerce from Far Eastern University.

Why was Henry Sy important to the Philippines?

Henry Sy has inspired millions of people from the Philippines and around the globe because of how he built his business empire; how he created the “malling phenomenon” and transformed the shopping experience in the Philippines. Henry was born in China.