ENTREPRENEURSHIP - is both the study of how new challenges, and it injects strength to continue pursuing goals
businesses are created as well as the actual process of a new when difficulties arise.
business - the term is used interchangeably.
ENTREPRENEURSHIP IN THE PHILIPPINE SETTING
- complex term that's often defined simply as running your
own business, but there's a difference between a business Philippines has a mountainous terrain. Over 30, 000, 000
owner and an entrepreneur, and although one can be both, hectares of land has rich and diverse resources. Our land is fit
what distinguishes entrepreneurship is a person's attitude. for agricultural activities. Has 7100 islands in the archipelago
with Luzon, Visayas, and Mindanao as the largest regions.
- "Entrepreneurship is much broader than a creation of a new
business venture." said Bruce Bachenheimer, a clinical
DEMOGRAPHY
professor of management and executive director of the
Luzon 104, 688
Entrepreneurship Lab at Pace University. "At its core, it is a Mindoro 9735
mindset - a way of thinking and acting. It is about imagining Total 300, 000
new ways to solve problems and create value." Mindanao 94, 630
Leyte 7214
ENTREPRENEUR - is someone who has an idea and who Samar 13,080
works to create a product or service that people will buy, by Cebu 4422
building an organization to support those sales. Negros 12, 710
Bohol 3865
- a visionary and passionate person who habitually spots Palawan 11, 785
opportunities, creates innovative customer value and gets it Masbate 3269
Panay 11, 515
acquired by target beneficiaries.
Others 23, 087
94 Henry Sy 12.7 92 SM Investment 42% Forested
Corp. 28% urban, water undeveloped
15% Arable and uncultivated
250 John Gokongwei Jr. 5.8 90 Diversified 11% Arable and cultivated
4% Plains and grasslands
501 Lucio Tan 3.7 82 Diversified
Dry and Typhoon Seasons
544 George Ty 3.5 84 Banking
564 Enrique Razon Jr. 3.4 57 Ports Tagalog based languages and more than 100 dialects.
Filipino Values - existing values and culture of the
564 Tony Tan Caktiong 3.4 64 Fast Food people have significant effects on business.
The cultural values and traits of the Filipinos are the
630 David Consunji 3.1 95 Construction
result of their long and arduous history.
These are products of their past experiences and may be
814 Andrew Tan 2.5 64 Diversified
considered as coping mechanism of their past
1376 Robert Coyiuto Jr. 1.5 64 Power experiences.
In a typical Filipino environment, entrepreneurship is not
1376 Manuel Villar 1.5 67 Real Estate so much encouraged at an early age.
Pakikipagkapwa-tao, pakikibagay, pagmamalasakit,
1468 Ramon Ang 1.4 63 Diversified pakikisama, bayanihan.
Filipinos uphold the value of self-esteem and good
1678 Eduardo Cojuangco 1.2 81 Food and Drinks public image. Amor-propio mapahiya.
Filipinos are generally adventurous, a risk taker.
1795 Roberto Ongpin 1.1 80 Diversified Filipinos by nature are courageous. Bahala na "ang
makipagsapalaran sa Maynila.
1940 Edgar Sia 1 40 Fast Food Filipinos are noted for their ability to withstand crisis.
Have natural strength of character and a strong sense of
faith in God.
Passion is a real drive, wrote Juan Jose de la Torre for
Entrepreneur Middle East. An entrepreneur possesses an Moral Weakness of the Filipinos
interior fuel and stamina that drives their actions, he said. This Extreme family centeredness
superior energy helps to overtake and surpass the different Lack of Discipline
Passivity and lack of initiative
Lack of self analysis and self reflection
Extreme personalism
Filipinos have excellent human relations
Entrepreneurship is more than just an economic term. It
is a way of thinking. Creating jobs, empowering people,
and giving individuals access to better lives for
themselves and their children is a wonderful gift. Today,
it has become a dynamic developing part of the economy
promoting inclusive growth. It is a way of inspiring
creative individuals to pursue opportunities despite its
risks. Nurturing the entrepreneurship paradigm. It can
provide solution by creating wealth,job and social
empowerment. If we were to address the issue of poverty
with some degree of success, history tells us we have no
choice but to actively entrepreneurial ventures.
CONCLUSION
In the Philippines, entrepreneurship is viewed as
important to empowering the poor, enhancing
production and as an impetus to innovation. The 1987
Philippine Constitution recognize entrepreneurship as an
engine of economic growth. Article VII Section 1
highlights the role of private enterprises in supporting
equitable distribution of income and wealth, sustaining
production of goods and services, and expanding
productivity, therefore raising the quality of life
ENTREPRENEURSHIP IN THE PHILIPPINES
In 2011, there were approximately 830,000 business
enterprises in the Philippines. Of these, 99.6% are
classified as micro, small and medium sized enterprises
(MSMEs) which are responsible for 38% of total job
growth.
