Entrepreneurship Flashcards
(19 cards)
ranks as the MOST significant one the economic performance of a country is dependent on how quick and efficient entrepreneurs are in discovering new ideas the Economic powers of the united states of america (USA) and china spranj from the entrepreneurial activities of their people
Entrepreneurship
play important roles in their communities, particulary when they turn their energies to philanthropy and innovation
Entrepreneurs
Entrepreneurs not only create employments but for other people in their communities. Although new business owners might start their business with only on or two employees, those number increase as the company grows. the culmative effect of multiple small business start-ups creates a significant impact when it comes to job creation
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It only shown that it has a great support in sustaining and improving the quality of life of every Filipino.
Support for the Economy
Entrepreneurs contribute to their communities with their charitable contributions. In some cases, entrepreneurs start businesses that focus equally on profit and charitable goals. For example, A financial company might start a program that provides loans to low-income female business owners.
Some entrepreneurs do not restrict their charitable activities to providing money but work differently with organizations
Giving back
the freedom from corporate rules and regulations can free entrepreneurs to create new products that benefit society. Although entrepreneurs can succeed with tried-and-true business models, it is often innovation that sets them apart from competitors whose employees might not have the same passion for finding new solutions to problems.
It is Brand new
It is said that although all entrepreneurs are businessmen, not all businessmen may be considered entrepreneurs even if they performed the same tasks in their business endeavors. Why is that so? Do you want to be an entrepreneur or a businessman? What do you think is the difference of one from the other
As an Agent of Change
an individual who can create a new product and sell them in the market. He/she is someone who introduces innovation to an existing product, or service, and/or instigates changes in the production process. Creating new solution to an old problem or using resources in unusual ways can be risky, yet entrepreneurs do that anyway.
entrepreneur
differentiate an entrepreneur from an ordinary businessman
Creativity and innovation
merely imitate enterprises that are currently amassing profit due to fads or the trend only to find out in the end, that their profits are eliminated by the presence of many other competitors who did the same
businessmen
entrepreneur combines and employs different types of resources to produce a new good or service. By putting up your own business you do not only realize profit but you also, help prevent unemployment by creating jobs and generating income for other people
As a Resource-User or Employer
The standard living in some countries has become better because of the contributions of the entrepreneurs in their economy. As more and more goods and services are produced, more income is generated, thus the Gross Domestic Product of the country continues to grow. A high-income level in the country enables the government to realize higher tax revenue which can be spent for better roads and highways, transportation and communication facilities, and other social services
As a Driving Force for Economic Growth and Development
a risk taker who tends to behave in a way that can potentially cause physical harm or financial loss, but might also present an opportunity for a rewarding outcome. they are risk taker who stands to behave in a way that can potentially cause physical harm or financial loss, but might also present an opportunity for rewarding outcomes
entrepreneur
Can you be an entrepreneur?
Yes, you can be an entrepreneur, but not everybody is going to have the same level of accomplishment and victory.
SOCORRO C. RAMOS
National Book Store, Inc.
TONY TAN CAKTIONG
Jollibee Foods Corporation
Lucio Tan
Philippine Airlines
ATTY.FELIPEL.GOZON
GMA Network, Inc.
Henry Sy
Shoe Mart
