Agec

Front 1

Total land area of the Philippines

Back 1

30M hectares 47% agricultural land

Front 2

Majority of farms in the country has an average of about

Back 2

2 hectares.

Front 3

A typical farming system consists of major crops what are they?

what are they?

Back 3

rice, corn, coconut =common base crops

Front 4

Agriculture also includes

Back 4

forestry and fishery

Front 5

Agriculture is a systems framework:

Back 5

inputs, outputs and linkages

Front 6

Inputs includes

Back 6

labor, fertilizer, seeds, land preparation

Front 7

Outputs includes

Back 7

production/ harvest, income earned and allocated

Front 8

Linkages includes

Back 8

labor intensity, type of crop ; land size, income earned and traditional system

Front 9

a worldwide attempt to revolutionize production of wheat and rice in many Third World countries

Back 9

Green Revolution

Front 10

It is the primary player in Green Revolution

Back 10

International Rice Research Institute (IRRI), Los Baños, Philippines

Front 11

New Strategies for Rural Development:

Back 11

1. Land Reform

2. Supportive Policies

3. Integrated Development Objectives

Front 12

reorganization of land holdings and tenure structures by expropriation and consolidation of fragmented and tiny holdings

Back 12

Land Reform

Front 13

need state policies that provide incentives and opportunities

Back 13

Supportive Policies

Front 14

need simultaneous changes in income, employment, education, health and housing

Back 14

Integrated Development Objectives

Front 15

the economic activity of a person who starts, manages, and assumes the risk of a business enterprise.

Back 15

ENTREPRENEURSHIP

Front 16

the person who undertakes entrepreneurial activities

Back 16

ENTREPRENEUR

Front 17

A scheme aimed at improving the living standards of the nation’s citizenry

Back 17

Economic development

Front 18

To achieve economic development, the following elements should be properly managed:

Back 18

Human resources

Natural resources

Capital formation

Technology

Front 19

Human resources

Back 19

labor, education, discipline, motivation

Front 20

Natural resources

Back 20

land, minerals, fuel, climate

Front 21

Capital formation

Back 21

machines, factories, roads

Front 22

Technology

Back 22

science, engineering, management, entrepreneurship

Front 23

– the introduction of a new method, procedure, custom, device, etc.

Back 23

INNOVATION

Front 24

The process of innovation consists of the following steps:

Back 24

Invention – the discovery or devising of new products and processes

Development – the process by which the ideas and principles generated from the stage of invention are embodied in products and techniques

Innovation – the actual introduction of a new product or process

Front 25

GREAT INNOVATORS THAT MADE A TREMENDOUS IMPACT TO TODAY’S BUSINESSES

Back 25

Cai lun - paper

Leonardo da vinci - his notebook

suggest that he invented bicycle,

airplane

Ada lovelace - modern computer

The Wright brothers - controlled

airplane

Thomas edison - telegraph and

phonograph

Hedy lamar - wifi

Front 26

The transition from a new venture to long-term enterprise consists of at least four major stages:

Back 26

Prestart-up stage -- Happens when the entrepreneur starts to question the feasibility of an idea, product or service

Start-up stage – the actual formation of the business

Early growth stage -- this follows after the entrepreneur has established the feasibility of the business.

Late growth stage - The new venture matures into a stable enterprise

Front 27

one factor that does not prevent a person from engaging in entrepreneurship.

Back 27

Business size

Front 28

MSMEs

Back 28

Micro, Small and Medium Enterprises

Front 29

SMALL BUSINESS MAY BE DEFINED USING TWO APPROACHES:

Back 29

1. MARKET SHARE APPROACH

2. TOTAL ASSETS APPROACH

Front 30

One which is independently owned and operated and which is not dominant in its field of operation.“Independently owned”– ownership is by a private individual, partnership or corporation“Not dominant” – a small business does not control a sizable share of its market.

Back 30

MARKET SHARE APPROACH

Front 31

the total assets fall within a certain bracketRA 6977 (Magna Carta for Small Enterprises) – a firm must have total assets valued at P1.5M to P15M to be considered a small businessMicroenterprises – all enterprises having total assets valued at P1.5M belowDisadvantage: asset values are affected by inflation

Back 31

TOTAL ASSETS APPROACh

Front 32

RA 6977

Back 32

(Magna Carta for Small Enterprises) – a firm must have total assets valued at P1.5M to P15M to be considered a small business

Front 33

all enterprises having total assets valued at P1.5M below

Back 33

Microenterprises

Front 34

5 TYPES OF SMALL BUSINESSES

Back 34

Service

Retailing

General construction firms

Manufacturing

Wholesaling

Front 35

CHARACTERISTICS OF SMALL BUSINESSES:

Back 35

Independent Management – the owner is also the manager

Small Capital Requirement – requires only small capital and can be supplied by a single or few individual

Mostly Local Operation- usually operates in a certain locality

Front 36

An individual has options to improve his economic lot. They are the following:

Back 36

Be an employee – enjoys a fixed working schedule, however the pay he receives is limited and dependent on the financial capability of the company.

Be a professional – generate higher income through the effective practice of his profession, however, his income is dependent upon the number of his clients.

Be a small business operator – he keeps working long hours and absorbs all the risks inherent to his decision-making. However, he enjoys the following benefits:Opportunity to gain control over his own destinyOpportunity to reach his full potentialOpportunity to reap unlimited profits

Front 37

SUCCESSFUL ENTREPRENEURS AND THEIR PERSONAL ENTREPRENEURIAL COMPETENCIES

Back 37

Motivation and Passion -- being happy with what you are doing despite difficulties

Self-Discipline - it means to master the inner self and inner emotions to generate a sense of responsibility of getting the job done

Creative Thinking -- the drastic ability to think of a wide range of new ideas to initiate different types of business in a unique, creative way

Front 38

a process that systematically surveys and interprets relevant data to identify external opportunities and threats

Back 38

Environmental Scanning

Front 39

Steps in Arriving at Business Opportunity

Back 39

Generating Ideas

Screening Process

Personal-level screening

Firm-level screening

Formulating the concept of the business

Front 40

Formulating the concept of the business

Back 40

Resource analysis

Swot analysis

Tows analysis

Porters five forces analysis

Front 41

Resource analysis

Back 41

Resources - 7m money, materials, machine, manpower, management, method, moment

Strengths

Weaknesses

Front 42

Swot analysis is for

Back 42

Is a tool for audit and analysis

Front 43

Tows analysis

Back 43

Is a tool for strategy generation and selection

Front 44

Porters five forces analysis

Back 44

Threat of new entrants

Threat of substitutes

Bargaining power of customer

Bargaining power of suppliers

Industry rivalry