BREAD AND PASTRY WEEK 1 - PECs Flashcards
process of starting
a business, a startup
company or other
organization.
Entrepreneurship
organizes, manages, and assumes the risks of a business, starts a business and is willing to risk loss in order to make money.
Entrepeneur
SM (Shoe Mart)
Henry Sy
Jollibee
Tony Tan Caktiong
Cebu Pacific
John Gokongwei Jr.
National Bookstore
Socorro Ramos
Mang Inasal
Edgar Sia
What are the characteristics of a successful entrepeneur?
CREATIVE
PERSEVERING
INNOVATIVE
HARDWORKING
QUALITY-CONSCIOUS
CONFIDENT
SYSTEMATIC
OPTIMISTIC
OPEN-MINDED
PERSONABLE
What are the entrepeneurial competencies?
TECHNICAL ABILITY
COMMUNICATION ABILITY
ORGANIZING AND CONTROLLING ABILITIES
GOOD HEALTH
MAKES SOUND DECISIONS
INSPIRING
PROBLEM SOLVER
KNOWLEDGEABLE
MANAGERIAL ABILITY
ABILITY TO ACCEPT CRITICISMS
Three Clusters
Achievement, Planning, Power
refers to becoming
successful in attaining a desired end or aim.
Achievement
the entrepeneur seeks and acts on opportunities
Opportunity seeking
the entrepeneur takes repeated actions to overcome obstacles
Persistence
the entrepeneur accepts all responsibility
Commitment to the work contract
the entrepeneur is a risk taker
Risk Taking
The entrepreneur acts to do things that meet or even exceeds existing standards of excellence
The Achievement Cluster
refers to the establishment of
objectives
Planning
the entrepeneur must establish SMART short term as well as long term goals
Goal setting
The entrepeneur personally seeks important data on clients
Information seeking
The entrepreneur develops and applies logical step-by-step plans
The Planning Cluster
is defined as the possession of control,
authority or influence over others
Power
the entrepeneur apples various strategies to influence others to buy his products
Persuasion and networking
the entrepeneur has a strong self-belief
Self-confidence
