ENTREP FINALS Flashcards
essential for entrepreneurs to navigate challenges andseizeopportunities.
ADAPTABILITY
fosters innovation and entrepreneurial thinkinginemployees.
AUTONOMY IN DECISION-MAKING
a foundation for entrepreneurial success
A WELL-STRUCTURED BUSINESS PLAN
encourages creativity and problem-solving in a business setting.
BRAINSTORMING
leads to innovation, making businesses stand out in the market.
CREATIVITY
is necessary for making informed business decisions.
CRITICAL THINKING
EFFECTIVE DECISION MAKING
ensures business growth and risk management.
helps entrepreneurs focus on strategic planning while empoweringemployees.
DELEGATION
provides a favorable environment for business growth.
ECONOMIC STABILITY
A STRONG ENTREPRENEURIAL ECOSYSTEM INCLUDES:
includes government support, mentorship,and access to capital.
s largely composed of micro, small, andmedium enterprises (MSMEs).
FILIPINO ENTREPRENEURIAL LANDSCAPE
MSMEs
MICRO, SMALL, AND MEDIUM ENTERPRISES
GOVERNMENT SUPPORT:
POLICIES, FUNDINGS
ensures sustainable business growth and investmentmanagement.
FINANCIAL PLANNING
keeps businesses competitive by introducing newideasandimproving products.
INNOVATION
such as policies and funding, aids business development.
GOVERNMENT SUPPORT
enables entrepreneurs to learn from failures and continuouslyimprove.
GROWTH MINDSET
IS CRUCIAL FOR BUS SUCCESS
HIRING THE RIGHT TEAM
refers to the skills and expertise of employees that driveinnovation.
HUMAN CAPITAL
Integrity in business builds
TRUST WITH CUSTOMERS AND STAKEHOLDERS
Entrepreneurs contribute to economic development by
GENERATING EMPLOYMENT OPPORTUNITIES
Entrepreneurial knowledge includes
MARKET TRENDS
FINANCIAL LITERACY
CONSUMER BEHAVIOR
allows entrepreneurs to assess risks and makestrategic
decisions
GOOD JUDGEMENT
KPIs
KEY PERFORMANCE INDICATORS
help businesses measure success and track progress toward goals.
KPIs
inspires employees to work towards a shared vision.
LEADERSHIP
is necessary for adapting to business challengesandinnovations.
CONTINUOUS LEARNING
identifies consumer needs, competition, and potential growthopportunities.
MARKET RESEARCH
MARKET RESEARCH IDENTIFY:
CONSUMER NEEDS
COMPETITION
POTENTIAL GROWTH OPPORTUNITIES
drives entrepreneurs to persist through challenges and achieve business goals.
MOTIVATION
helps entrepreneurs build valuable connections and partnerships.
NETWORKING
first step in entrepreneurship.
RECOGNIZING BUSINESS OPPORTUNITIES
allows businesses to focus on specialized products andservices.
NICHE MARKET
help in managing tasks, resources, andgoalsefficiently.
STRONG ORGANIZATIONAL SKILLS
enables entrepreneurs to overcome obstacles.
PROBLEM-SOLVING MINDSET
essential for sustaining and growing a business.
PROFITABILITY
ensures customer satisfaction and brand reputation.
QUALITY MANAGEMENT
necessary for responding to market changes
effectively.
QUICK DECISION MAKING
a fundamental trait of successful entrepreneurs.
RISK-TAKING
aligns business activities with long-term goals.
STRATEGIC PLANNING
practices contribute to environmental andsocial
responsibility.
SUSTAINABLE BUSINESS
fosters collaboration and improves business operations.
TEAMWORK
n differentiates a business from competitors.
UNIQUE VALUE PROPOSITION
drive efficiency and innovationinentrepreneurship.
TECHNOLOGICAL ADVANCEMENTS
ensures product-market fit andcustomersatisfaction.
UNDERSTANDING CUSTOMER NEEDS
A clear _______ guides entrepreneurial efforts and decision-making.
VISION
ensures commitment to business goals.
STRONG WORK ETHIC
provides funding for startups and business expansion.
VENTURE CAPITAL
enhances employee skills and business productivity.
WORKFORCE DEVELOPMENT
EFFECTIVE _______ OF BP LEADS TO SUCCESS
EXECUTION
allows businesses to expand their customer base.
EXPLORING NEW MARKETS
YOUTH ENTREPRENEUSHIP FOSTERS
INNOVATION AND ECONOMIC GROWTH
helps in assessing achievements and planning future strategies.
YEARLY BUSINESS REVIEW
drive entrepreneurs to pursue their goals.
ZEAL AND PASSION
allocates resources efficiently by justifying each expense.
ZERO-BASED BUDGETING
