Western Mindanao State University
COLLEGE OF HOME ECONOMICS
Department of Nutrition and Dietetics
Activity – II
ENTREPRENEURSHIP IN THE PHILIPPINES
Name of Students: MENDOZA, BELLE IRIS E. Course/Year/Section: BSND 2 Date: September 9, 2021 Signature: ________
Objectives: To understand the characteristics, functions and various types of Entrepreneur.
Instructions:
Identify at least 5 personalities that is considered as a successful entrepreneur.
- Socorro Ramos
- Mariano Que
- Rey Alimurung
- Angiline Tham
- Tan Suy Lim
Give the name of the established business.
- Socorro Ramos (National Book Store)
- Mariano Que (Mercury Drugs)
- Rey Alimurung (Lazada Philippines)
- Angiline Tham (Angkas)
- Tan Suy Lim (KCC Malls)
What is their innovation which created an impact and benefitted the society?
- National Book Store has a big impact especially to us students because it provides us the things that we need
especially in our studies such as books that we need for our learnings and also school supplies. NBS also has this
work supplies, so everything you need is there.
- Mercury Drug is essential most especially now that we are facing this pandemic. Mercury Drug is one of the
most trusted when it comes to good quality medicines.
- Lazada is one of the largest online shops that provides the need of people and gives satisfaction to people
through effortless shopping experience.
- Angkas is a motorcycle rental and package delivery firm situated in Makati, Metro Manila, Philippines. Offers
same-day delivery, ensuring that your packages arrive on time and with real-time tracking which is very
convenient nowadays.
- Korodanal Commercial Corporation also known as KCC is one of the biggest chain of shopping malls here in the
Philippines which benefits people who likes leisure. It also provides you products and services with an excellent
quality which makes your life easier because everything you need such as essential stuffs that you need is here.
How is created an economic growth.
- By offering new technologies, products, and services, entrepreneurs help to enhance economic growth. Existing
businesses are being pushed to become more competitive as a result of increased competition from
entrepreneurs. In the short and long term, entrepreneurs create new job opportunities. Businesses also
contribute to the economy by hiring more employees, raising wages, and investing in expanding their
operations. A corporation that purchases a new manufacturing plant or invests in new technologies produces
jobs and spends, resulting in economic growth.
As Philanthropists how do they conduct their contributions?
- They conduct charities by enlisting the help of volunteers, conducting grand fundraising events, marketing
items, sponsoring events, and promoting, additional funds can be raised.
The changes they made in the community.
- Entrepreneurship requires ingenuity and foresight. Despite the fact that businesses are based on money,
entrepreneurs are generally concerned with a lot more than just the bottom line. They benefit society by paving
the way and coming up with novel solutions to practical, financial, and social problems. Businesses are used by
entrepreneurs to develop products and services that solve issues in novel ways. Entrepreneurs do not have the
luxury of being irrational because their company must make a profit in order to exist. Their products and
services must be practical, as well as designed to be cost-effective and appealing to a large enough audience to
make production profitable.
