1st Periodical Exam

• Cecilio K. Pedro


  Hapee toothpaste, Lamoiyan Corp
• Mariano Que 


  Mercury Drugstore
• Lucio Tan


  Philippine Airlines, Red horse
• Socorro Ramos


  National book store
• Alfredo Yao


  Zesto Corp.
• John Gokongwei


  Robinsons, Cebu Pacific
• Henry Sy


  SM
• Edgar Sia


  Mang Inasal
• Tony Tan Caktiong


  Jollibee
• Corazon Day Ong


  CDO
• Jun Magsaysay


  Potato Corner
• Entrepreneurial Competencies 


  refers to the characteristics such as personality, traits, skills,knowledge, that are identified and considered important for entrepreneurial success.
• Characteristics of Entrepreneurs

  • Innovative and Trendsetters
  • Problem Solvers
  • Enthusiastic
  • Opportunity Seekers
  • Goal Setters
  • Reasonable Risk-Takers
  • Excellent Planners
  • Service Oriented
  • Decision Makers
• Innovative and Trendsetters


  They do not stick to one style for long.
• Problem Solvers


  They have strong faith in their abilities.
• Enthusiastic


  They have a genuine interest in meeting and entertaining people.
• Opportunity Seekers


  They seek and act on new business opportunities to obtain financing, equipment, or assistance.
• Goal Setters


  They establish specific attainable and realistic objectives as well as long term goals for their businesses.
• Risk-Takers


  They take reasonable risks after carefully weighing situations that involve moderate risks.
• Excellent Planners


  They plan for the total operations of their businesses.
• Service Oriented


  They gladly attend to the needs of their customers with coordinated manner.
• Decision Makers


  They are leaders and the success of their business depends on their ability to make the right decisions.
• SWOT Analysis


  This is a method widely used as a tool in analyzing all the factors that can have an impact on one’s goal or objectives.
• What does S stand for in SWOT?

  Strength
• What does W stand for in SWOT?

  Weaknesses
• What does O stand for in SWOT?

  Opportunities
• What does T stand for in SWOT?

  Threats
• Examples of Strength


  Committed to work, creative, and innovative
• Examples of Weaknesses


  Insufficient training, poor attention span, difficulty in leadership
• Examples of Opportunities


  Presence of good-quality schools and presence of organizations
• Examples of Threats


  Presence of more competitors in area of interest and lack of financial support to pursue goals
• Business Idea


  An idea that is worth a business should be one that has a market in the present and the future.
• Steps in Selecting a Business Idea

  1. Recognize a need for the product of services
  2. Improve an existing product
  3. Recognize Trends
  4. Read, research, and interview people
  5. Question Assumptions
• Recognize a need for the product or services


  The ability to recognize needs demands research, professional experience, gut feeling, etc.
• Improve an existing product


  This scenario could open an opportunity to introduce an innovation that could lead to new product specifications.
• Recognize trends


  The demand for new products, services, and offerings.
• Read, research, and interview people


  Be fully informed and updated on current events and socioeconomic developments.
• Question Assumptions


  This includes challenging oneself and avoiding the status quo.
• Criteria in Selecting a Business Idea

  1. Market
  2. Capital
  3. Skills
  4. Suppliers
  5. Individual Interests
  6. Technology
  7. Manpower
• Market


  Refers to the needs of the customers, presence of competitors, price and quality of goods, etc.