Entrepreneurship Flashcards
An individual who starts their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.
Entrepreneur
The process of establishing, managing, and expanding a business, typically aimed at delivering value to a specific target audience.
Entrepreneurship
He was the founder of the SM group.
Henry Sy
When did henry open his first shoe store, ShoeMart?
1958
The founder of Jollibee Foods Corporation.
Tony Tan Caktiong
The collection of conditions, factors, and systems of support that exist in the Philippines.
The philippines environment for entrepreneurship
Social and economic impact of entrepreneurship
Promotes self help and employment
Mobilizes capital
Provides taxes to the economy
Empower individuals
Enhance national identity and pride
Enhance competitive consciousness
Provides quality of life
Enhances equitable distribution of income and wealth
Underlying characteristics of a person which led to his effective performance on a job.
Competence
Taking actions that go beyond job requirements or demands of the situation such as doing things on one’s own before being asked.
Initiative
Looking for and taking actions to seize opportunities.
Seeking and acting on opportunities
Taking repeated actions to overcome obstacles that get in the way.
Persistence
Doing things that meet or beat existing standards of excellence.
Concern for high quality of work
Developing and using logical plans to reach goals.
Systematic planning
Identifying and applying potentially unique ideas to reach goals.
Problem solving
Having strong belief in your own abilities.
Self confidence
Ensuring smooth progress of a project or work.
Monitoring
The process wherein problems of the community are identified through the use of several tools for assessment.
Community needs assessment
