MODULE 2 Flashcards
(39 cards)
Filipino entrepreneur has a set of values that guides him in
doing business. The greatest value for a Filipino entrepreneur is his family.
Value-oriented
The most successful Filipino entrepreneurs have excellent
leadership skills. He is able to convince and influence his employees and his customers positively.
He is also able to innovate to come up with novel solutions when a challenging situation arises
A leader and an innovator
No one can doubt how hardworking the Filipino
entrepreneur is. His involvement in his business is nearly absolute, to the point that his personal time for himself and his loved ones is compromised. He is also goal oriented, and has the discipline to set smaller goals that he will accomplish in order to meet his final objective.
Hard-working and goal-oriented.
The Filipino entrepreneur is always hands-on and self-reliant.
When he is just starting out his business, he is practically able to do everything involved in running It-from finding the best suppliers to renting the place of business, to the marketing, selling and
customer relations, and even accounting
Confident and self-reliant.
Two ways of thinking about entrepreneurship:
➢ Predictive approach
➢ Creation approach
considers entrepreneurship as a linear process where
there are steps to do and the results are usually
predictable. able to foretold or declared in advance
predictible approach
sees entrepreneurship as a mindset and a method that
needs practice and use only when the future is
unpredictable and not certain, the ability to come up with
new ideas
creation approach
identifies entrepreneurship as an instrument of economic growth
1987 Philippine Constitution
supervises the government objective of economic development & job
formation has been placed
Philippine Development Plan (PDP)
, an agency under the Office of the President is an advocate of
entrepreneurship which formed the Philippine Center for
Entrepreneurship (PCE)
Philippine Chamber of Commerce and Industry
PCE created this ______ the academic, business and government sectors have collaborated to form these communities
“Go Negosyo Communities”
THE SKILLS IMPORTANT IN ENTREPRENEURSHIP
o The Skill to Play
o The Skill of Experimentation
o The Skill of Empathy
o The Skill of Creativity
o The Skill of Reflection
The Skill of Reflection:
✓ Narrative
✓ Emotional
✓ Perceptive
✓ Analytical
✓ Evaluative
✓ Critical
– is a systematic way of doing a task, while PROCESS is
a sequence of steps to take to attain something.
method
when there is a steps that could lead to a successful
business, it focuses on planning and making forecasts
Entrepreneurship as a process
- when it describes a logic of thinking that is usually used
by some of the most successful entrepreneurs to form
their venture,
Entrepreneurship as a method
5 PRINCIPLES OF EFFECTUAL ENTREPRENEURSHIP METHOD
o Birds in Hand
o Affordable Loss
o Crazy Quilt
o Lemonade
o Pilot in the Plane
who is the author of the book entitled “In Outliers: The Story of Success”, claims that successful performers spent 10,000 hours in practicing their craft.
Malcolm Gladwell
the ability to identify opportunities in the market place and discover the most fitting ways and time to take advantage of them.
the ability to discover and pursue the problem-solution fits.
entrepreneurial thinking
uses information and data as a basis for decision-making.
use primarily by big and well-established companies, where goals are planned, problem are transparent and information is reliable and reachable
managerial thinking
- believes that the future is really something that needs to be controlled and not try to predict.
pilot plane
turn challenges into opportunities
lemonade
to leveraging partnerships and collaborations with a diverse network of stakeholders.
crazy quilt
- only investing much that an entrepreneur is willing and can afford to loss.
affordable loss
