Business gift giving 101
What gifts are appropriate to give to business associates?
Nov 11, 2011 11:00 am
The Philippines is touted to have the longest and most festive Christmas celebration in the world, and it is another happy circumstance allowing Filipinos to exhibit that innate graciousness. But while shopping may be enjoyable, gift giving can be taxing, especially for entrepreneurs who have a business to run and whose sales spike during the holiday rush. Sending out numerous presents may also put a strain on a company’s budget, especially during an economic downturn.
To lessen the stress, two experts on business etiquette share a gift guide to help lighten the load, making even the simplest tokens become memorable presents.
Pin down your recipients
“Filipinos are generally thoughtful. They give gifts ‘just because.’ They are sincere, and make sure that they make an effort to add a personal touch to their presents. Funny, but gifts are given even to people not that close to the person,” says Ruben P. Anlacan Jr., a management and business consultant and president of BusinessCoach Inc., a training facility that offers a course on Business Etiquette.
Amor Maclang, PR and communications director of GeiserMaclang Marketing Communications, says today’s technology and fast-paced way of life has dimmed that trait that Pinoys are world-famous for, and gives a rundown of people that entrepreneurs should remember to give gifts to.
“In this age of speed, the Internet, mobile, impersonal communications, graciousness is an oft-forgotten virtue that is hoped to be able to share today,” Maclang says. “As a rule, entrepreneurs should remember those that they interact with on a regular basis regardless of station in the business. Entrepreneurs should not just remember their clients, but maybe the [clients’] secretaries, too, who help facilitate their meeting on a regular basis. Remembering personal milestones like birthdays and anniversaries help too.”
Even when the business is down, it is still customary for business owners to give gifts on different occasions, Maclang says. The importance of one’s clients, associates and employees should still be acknowledged, so show the company’s appreciation through giving gifts or tokens to your loyal customers, she adds.
Entrepreneurs should also give something to their employees—including the cleaning staff and the maintenance crew, because they are the ones who help maintain and grow the business, Maclang notes.
Find the right fit
With all the personalities that should be on a gift list, our experts share some considerations that help ensure that each present will be well appreciated: Price. “This really depends on one’s financial capability and budget allocation. But if gifts are for CEOs, partners and associates, a [gift] budget of around P2,000 to P5,000 is safe enough. For friends and staff, a person may spend somewhere around P300 to P1,000. What is important is to set the limit, and settle somewhere from mid-range up to the maximum amount in the plan,” says Anlacan.
Maclang also gave almost the same price point for gifts to CEOs—P3,000 to P5,000. “For partners, friends and associates, I tend to be crazier and more personalized, like a dinner for two at their favorite restaurant, a travel get-away, or a spa get-away, among others.”
“Take into account the receivers’ desires and preferences. Remember that the gift has to be as much a reflection of the receiver’s taste as it is of the giver,” says Maclang. “For CEOs who are foodies, anywhere from a tasteful deli and cheese basket is a good idea, but the giver has to make sure he’s comfortable with those products and can distinguish between soft and hard cheeses. Don’t give a bottle of wine to a wine-lover CEO if you can’t explain and distinguish between grapes and vintages.”
Range of gifts
Avoid overwhelming, too expensive and too personal items like lingerie or perfume, unless the giver is very close to the receiver and he or she knows the other person will really like it. “Set price limits and stick to them. Be sensitive on this so as not to overwhelm the receiver by giving him an expensive item, nor disappoint another with a cheap item from a tiangge,” advises Anlacan.
The gift must also be thoughtfully packaged, Anlacan says.
Maclang beseeches entrepreneurs not to give generic gifts that can be easily bought anywhere. “Unique need not be expensive or pricey. Where budget is lacking, creativity and customization can step in,” she says. “Like for instance, an entrepreneur could personally hand-pick individual tropical flowers at Dangwa [in Manila] to create a memorable bouquet of flowers. There are memorable gifts in unique haunts like Tiendesitas [in Pasig]. Art works are also preferred. They don’t have to cost much: distinctive handmade pottery and ceramics by Ugu Bigyan, Lanelle Abueva, and Jon Pettyjohn still fall within the price ranges specified.”
Good for all
“When giving to a group, food like customized and special cakes can be considered. Non- traditional gifts that pander to Filipino propensities is another good idea such as a gift certificate for a karaoke night,” suggests Maclang.
This article was originally published in the November 2009 issue of Entrepreneur Philippines.