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37 Cards in this Set
- Front
- Back
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is a proactive process of developing a business venture to make a profit. |
ENTREPRENEURSHIP |
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It involves seeking opportunities for a market, establishing and operating a business out of the opportunity, and assessing its risks and rewards through close monitoring of the operations. |
ENTREPRENEURSHIP |
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It is the capacity and willingness to develop, organize and to manage the business venture along with the any of its risks to order to make a profit. |
ENTREPRENEURSHIP |
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Societal and Economic benefits of Entrepreneurship.
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1. Entrepreneurship produces more jobs that equate to an increase in national income.
2. Entrepreneurship amplifies economics activities of different sectors of society.
3. Entrepreneurship introduces new and innovative products and services.
4. Entrepreneurship improves people's living standard.
5. Entrepreneurship disperses the economic power and creates equality.
6. Entrepreneurship controls the local wealth and balances regional development.
7. Entrepreneurship reduces social conflicts and political unrest 8. Entrepreneurship elicits economic independence and capital formation .5. It balances the economy |
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Is a unique individual who has the innate ability and extraordinary dedication to establish and manage a business, acknowledging all the risks and reaping its rewards. |
ENTREPRENEUR |
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SUCCESSFUL AND FAMOUS ENTREPRENEURS IN THE PHILIPPINES |
• Tony Tan Caktiong • Henry Sy, Sr. • Lucio Tan • Socorro C. Ramos • Jaime Augusto Zobel de Ayala II • Alfredo Yao • Dr. Mariano Que • Corazon D. Ong • Lolita O. Hizon • Eduardo Conjuangco, Jr. • John Gokongwei, Jr. • Manny B. Villar |
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- January 5, 1953 - Jollibee Foods Corporation. |
Tony Tan Caktiong |
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- December 25, 1924 - Shoe Mart/ SM Malls |
Henry Sy, Sr. |
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- July 17, 1934 - Philippine Airlines (PAL) - Asia Brewery - Tanduay - Fortune Tabacco - Allied Bank |
Lucio Tan |
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- September 23, 1923 - National Book Store, Incorporated. - Jose Ramos (Husband). - at the age of 18yrs Old, she work at Goodwill bookstore escolta |
Socorro C. Ramos |
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- March 6, 1959 - Ayala Corporation |
Jaime Augusto Zobel de Ayala II |
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- November 23, 1943 - Zest-O Corporation
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Alfredo Yao |
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- March 1, 1945 - Mercury Drugstore |
Dr. Mariano Que |
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- June 4, 1949 - CDO Foodsphere, Incorporated |
Corazon D. Ong |
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- 1967 - Pampanga's Best |
Lolita O. Hizon |
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- June 10, 1935 - San Miguel Corporation |
Eduardo Conjuangco, Jr. |
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- August 11, 1926 - John Gokongwei Summit Holdings, INC - Universal Robina Corporation - Robinson's land Corporation - Cebu Pacific Air - Robinson's Bank
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John Gokongwei, Jr. |
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- December 13, 1949 - Star malls/ Vista Land and Lifescapes
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Manny B. Villar |
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CHARACTERISTICS AND SKILLS OF BEING AN ENTREPRENEUR |
• Independent thinking • Determination • Self confidence • Self Motivation • Willing to take risk • Willing to listen and Learn |
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FIVE LEVELS OF ENTREPRENEURIAL DEVELOPMENT ACCORDING TO ACTION COACH. |
1. The self-employed 2. The manager 3. Leader 4. Investor 5. The true entrepreneur |
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Each business you run is truly an education and an apprenticeship for the next level. It teaches you everything from sales, marketing, management, accounting, legal, finance and HR |
The self-employed |
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Entrepreneurs in this level already enjoy seeing their people flourish, steeping up and producing great results with minimal supervision. |
The Leader |
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Investors look for more opportunities for their business to grow. |
The investor |
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They have fully learned, and continue to practice, a four-step process of thinking-starting with idealization, visualization, verbalization, and materialization. |
The true entrepreneur |
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FOUR-STEP PROCESS OF THINKING (THE TRUE ENTREPRENEUR) |
• idealization • visualization • verbalization • materialization |
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Entrepreneurs dreams enormously and desire to build an ideal environment. |
IDEALIZATION |
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Entrepreneurs start to create plans to make the dream a reality. |
VISUALIZATION |
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Involves sharing their ideas with other people, knowing that their vision is already occurring. |
VERBALIZATION |
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In this stage, true entrepreneurs now have an income that keeps on multiplying even if they do not put much effort. |
MATERIALIZATION |
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THE NEW TERMS ARE COINED TO SUIT AN ENTREPRENEUR'S FIELD OR EXPERTISE. |
1. A technopreneur 2. A social entrepreneur 3. An intrapreneur 4. An extrapreneur |
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THE NEW TERMS ARE COINED TO SUIT AN ENTREPRENEUR'S FIELD OR EXPERTISE. |
1. A technopreneur 2. A social entrepreneur 3. An intrapreneur 4. An extrapreneur |
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is an entrepreneur who puts technology at the core of his or her business model |
TECHNOPRENEUR |
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is one who takes advantage of the country's social problems and turn them to profitable institutions with the intention of the disadvantaged community rather than making a profit. f helping |
SOCIAL ENTREPRENEUR |
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is an entrepreneur in a large company or corporation who is tasked to think, establish, and run a new big idea or project. |
INTRAPRENEUR |
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is an entrepreur who hops from one company to another to act as the innovation champion, providing creative and efficient solutions. |
EXTRAPRENEUR |
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RISKS OF BEING AN ENTREPRENEUR |
• Potential Business Failure • Unexpected Obstacles • Financial Insecurity • Long Hours and Hard Work |
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It's a smaller step, but it teaches you how to employ, train and manage people who work for you, but it is still a level that you are doing much of the work of your business. This is a critical piece to the next step. |
The manager |
