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3rd Quarter > ENTREPRENEUR > Flashcards

ENTREPRENEUR Flashcards

1
Q

the process of developing, conducting, managing, operating,
directing and evaluating a business venture in order to gain
profit by taking several risks

A

Entrepreneurship

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2
Q

an individual or a collective who develops a new company, carries most of the risks and enjoys most of the benefits of a joint effort via profit.

A

Entrepreneur

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3
Q

Entrepreneur comes from the word?

A

Entreprendre

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4
Q

“Entre” means?

A

to enter

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5
Q

“Prendre” means?

A

to take

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6
Q

“Entreprendre” means?

A

to undertake

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7
Q

Relevance of entrepreneurship

A

Helps economic growth
create job opportunities
innovation
community development impact
business failures consequences
political and economic integration of outsiders
spawn entrepreneurship
enhances standard of living
provides research development

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8
Q

Relevance of entrepreneurship: Establishing a business contributes to the economy; small or big

A

Helps economic growth

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9
Q

Relevance of entrepreneurship: Provides entry-level jobs necessary to learn for unskilled employees

A

create job opportunities

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10
Q

Relevance of entrepreneurship: Promotes creativity and brings new ideas: product, technology, industry,
good quality

A

innovation

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11
Q

Relevance of entrepreneurship: promotes abundant retail facilities, a higher level of homeownership, fewer
slums, better, sanitation standards and higher expenditure on education,
recreation, and religious activities

A

community development impact

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12
Q

Relevance of entrepreneurship: Entrepreneurship is the most productive way to incorporate the excluded
and discarded in the economy

A

political and economic integration of outsiders

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12
Q

Relevance of entrepreneurship: Collapse of business will lead to job loss and/or financial institutions will be
at crisis

A

business failures consequences

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13
Q

Relevance of entrepreneurship: Entrepreneurship is a breeding ground for new inexperience people

A

spawn entrepreneurship

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14
Q

Relevance of entrepreneurship: Businesses provide various types of goods

A

enhances standard of living

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15
Q

Relevance of entrepreneurship: Entrepreneurship offers funding to institutions for research and
development

A

provides research development

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16
Q

Have endless curiosities in discovering new ideas

A

opportunity seeking

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17
Q

the quality that allows someone to continue doing something or trying to do something even though it is difficult

A

persistence

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18
Q

An entrepreneur keeping their promise or word

A

commitment work contract

19
Q

Trying to do something better, faster and cheaper

A

demand for quality and efficient

19
Q

refers to the willingness and ability to entrepreneur. Create a decision and take actions that involve uncertainty, potential loss and possibility of failure

A

risk taking

20
Q

business professionals create specific objectives for the future. these can include both long term and short term goal

A

goal setting

21
Q

undertakes personal research on how to satisfy customers and solve problems

A

information seeking

22
Q

Acts to develop and maintain business contacts by having good relationships

A

persuasion and networking

23
Q

Plans everything he/she expects in the business. he/she does not leave things to luck

A

systematic planning and monitoring

24
Q

must believe in oneself if he or she wants others to believe in him or her.

A

self-confidence

25
Q

-saleswoman in goodwill bookstore in escolta
-Owner of (70)national book store

A

Soccoro C. Ramos

26
Q

Owner of SM Supermalls

A

Henry Sy

27
Q
  • Owner of Philippine Airlines
  • Asia Brewery
  • Tanduay
  • Fortune Tobacco
  • Allied Bank
A

Lucio Tan

28
Q

Owner of jollibee
1994: Greenwich
2000: Chowking
2005: Red Ribbon
2010: 70% Mang Inasal
2011: Burger King
2016: 30% Mang Inasal
2019: Coffee Bean and Tea Leaf
2021: Yoshinoya

A

Tony Tan Caktiong

29
Q

Owner of Ayala

A

Jaime Augusto zobel de ayala

30
Q

Owner of Zesto

A

Alfredo Yao

31
Q

Owner of Mercury Drugstore
- Invested 100 Php in sulfathiazole tablets

A

Mariano Que

32
Q

owner of Lamoiyan Corporation
- Hapee Toothpaste and Kutitap

A

Cecilio K. Pedro

33
Q

owner of CDO

A

Corazon D. Ong

34
Q
  • A blueprint
  • a written document describing
    in detail how a business —
    usually a new one — is going to
    achieve its objectives
  • sets out a written plan from a
    marketing, financial and
    operational point of view.
A

Business Plan

35
Q

Purpose of business plan

A
  • Describes the direction of the business/company
  • Defines the business
  • Sets the goals
  • Shows investors the viability of the business
  • Prepares business for uncertainty
36
Q
  • Use short sentences instead of
    long complicated ones.
  • Use simple and straightforward
    language.
  • Avoid using shortcuts, jargons,
    and acronyms.
  • Use bullet points for lists
A

SIMPLE / SPECIFIC

37
Q

Characteristics of Business plan

A

SIMPLE / SPECIFIC
MEASURABLE
ACHIEVABLE / ATTAINABLE
REALISTIC / RELEVANT
TIME-BOUND

38
Q
  • Describe the goal clearly.
  • Contains concrete and
    measurable objectives.
  • Include specific actions and
    activities
A

MEASURABLE

39
Q
  • Should list out attainable goals
  • Should specify the goals to
    achieve
  • Suggested number of pages is
    from 20 to 30pages of text and
    another 10 pages of appendices
A

ACHIEVABLE / ATTAINABLE

39
Q
  • Summarize other data by using
    simple business charts or
    summary tables such as bar
    charts, twodimensional bars, pie
    charts and Gantt charts.
  • Contains the company’s vision
    and mission
A

REALISTIC / RELEVANT

39
Q
  • Follow the time bound plan.
  • Achieve goals within the time
    frame
A

TIME-BOUND

40
Q
  • Recall the business idea that
    you created from the previous
    topic.
  • List down the steps that you
    will do to start your business
A

Business Plan Outline

41
Q

Essential Questions that have to be answered when making Business Plan

A
  • What problem does the product or service
    solve? What need does it fill?
  • What niche will it address?
  • Who are the customers of the enterprise?
  • How will the enterprise sell its product or
    services to them?
  • What is the size of the market to be served?
  • How will the business make money?
  • What other products pose competition to
    the business and how will the enterprise
    maintain its competitive advantage?
  • How will the enterprise adjust its system of
    management as the business grows?
  • Who will run the company and what are
    their capabilities to manage the business?
  • What are the risks and threats confronting
    the business and what are the resources
    needed?

3rd Quarter (5 decks)

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