Lesson 6: Seeking, Screening, and Seizing Opportunities Flashcards
Two important factors hinder our
growth as a nation:
- Poverty
- Population Explosion
the making of its people and the
kind of leaders that hold the wheels of economic fortune.
Poverty
is another factor that
contributes to the poverty of our nation.
Population Explosion
The following factors are contributory determinants to our slow growth in economic development as a
nation:
- The Filipino Values and culture
- Availability of Needed Capital
entrepreneur see things in a very positive and optimistic
light in the midst of crisis or difficult situations.
Entrepreneurial Mindframe
driven by passion, entrepreneurs are drawn to find
fulfillment in the act and process of discovery.
Entrepreneurial Heartflame
the ability of the entrepreneur to sense without using the
five senses
-this is also known as INTUITION
Entrepreneurial Gut Game
Sources of Opportunities
- Macro Environmental Sources of Opportunities
- Industry Sources of Opportunities
- Market Sources of Opportunities
- Micromarket
- Consumer Preferences, Piques, and Perceptions
- Other Sources of Opportunities
Refers to the “big or macro forces” that affect the
area, the industry, and the market, which the
enterprise belongs to.
Marco Environment
Enumerate the types of The Filipino Values and Culture
a. Love for Imported Products
b. Our Values of BAHALA NA.
c. Our Crab Mentality
d. The MAÑANA HABIT
e. The Value of Time
f. Our Values of HIYA
g. Fiesta and Social Occasions
➢ The country’s colonization for
centuries has developed in
the Filipinos a culture of
dependence and love for
foreign products.
a. Love for Imported Products
➢ BAHALA NA is the concept
of belief in BATHALA, the
Gods of the lazy bones and
undetermined individuals.
b. Our Values of BAHALA NA.
➢ Is the action of people to pull
down others who are about
to get out of the verge of
poverty and reach for their
success.
c. Our Crab Mentality
➢ MAMAYA NA or BUKAS NA
is a culture that is brought to
us by the colonizers who
were fond of SIESTA after
lunch time.
d. The MAÑANA HABIT
➢ We are always late in the
start of the program, coming
to our classes, attending to
office work and even in
important meetings and
appointment.
e. The Value of Time
➢ Our political and social
systems have not developed
the value of HIYA, as graft and
corruption still exist because of
our love for material things,
money, and power.
f. Our Values of HIYA
➢ Savings spent in a day of the
fiesta, entertaining guest, only
to find out the next day that
there is no more rice to feed
their children.
g. Fiesta and Social Occasions
What are the five categories of macro environment forces?
- Socio-Cultural Environment
- Political Environment
- Economic Environment
- Ecological Environment
- Technological Environment
It includes the demographics and cultural dimensions that govern the relevant entrepreneurial endeavor.
- It helps the entrepreneur assess the trends and
dynamics of the bigger consumer population, their
beliefs, and tastes, customs, and traditions.
- Socio-Cultural Environment
- defines the governance system of the country or the local area of business.
- It includes all the laws, rules, and regulations that govern business practices as well as the permits, approval, and licenses necessary to operate the business.
- Political Environment
-Supply and demand forces mainly drive the macro
economic environment.
- They are the same factors that drive the interest and
foreign exchange rates that fluctuate with the movement
of the market forces.
- Economic Environment
-includes all natural resources and the ecosystem, habitat of men, animals, plants, and minerals.
- Ecological Environment
Technology does not only come in the form of
advanced machinery or equipment, but it can also
be in the form of new systems, new processes, or
new products.
Technological Environment
▪ PARTICIPANTS IN AN INDUSTRY INCLUDE:
1. Rivals or competitors in a particular type of business
2. Suppliers of input to rivals as well as suppliers of machinery and equipment, suppliers of manpower and expertise, and supplies of merchandise
3. Consumer market segments being served by rivals or competitors
4. Substitute products or services, which customers shift or turn to.
5. All other support and enabling industries.
INDUSTRY SOURCES OF OPPORTUNITIES
