Week 2

• Tony Tan Caktiong was selling an ice cream in the corner of Cubao Quezon City obtained from Magnolia when he was just starting the Jollibee
• Aga Muhlach is the first franchiser of Jollibee in the Philippines.
• Aga Muhlach has 3 franchise of Jollibee in 1993
• What are the "five salient features of entrepreneurship"?

  1 Art of Correct Practices

  2 Wealth Creating Venture

  3 Providing Values to Customers

  4 Opening and Managing self-owned

  Business

  5 Risk taking venture
• It is a salient feature of entrepreneurship that states that ebtrepreneurship has constant change, continuously grow, develop, improves and expand

  Art of Correct-practices
• It is also a salient feature of entrepreneurship that is closely related to creativity making it a factor to development of an enterprise

  Art of correct-practices
• It is a salient feature of entrepreneurship saying that profit is the indicator of wealth of an enterprise

  Wealth creating venture
• It is a salient feature of entrepreneurship said that profit improves the life of an enterprise in economic, financial, social, moral psychology aspects are also priceless outcomes of entrepreneurship

  Wealth creating venture
• It is a salient feature of entrepreneurship stating thta, products became valuable when it satisfies the needs or wants of customers, it also gives buyers reason to refer their services/product to go back

  Providing values to customers
• It is a salient feature of entrepreneur stating that when you manage a business of the others for their benefit, it falls into intrapreneurship, entrepreneurship may range from sari sari store to a multimillionaire companh as long as it is managed by the owner itself

  Opening and Managing Self-owned business
• It is where you manage the business of the others for their benefit

  Intrapreneurship
• It is a salient feature of entrepreneur saying that risk is a nature of entreprenural endeavor, a good entrepreneur face risk and not avoid it

  Risk taking venture
• What are the personal entreprenural competencies?

  1 Hardwoking

  2 Self Confidence

  3 Discipline

  4 Commited

  5 Ability to accept change, opportunity

  6 Creative

  7 Initiative

  8 profit oriented
• If you're a highrisk investor, invest in stock market, if middle risk investor, you can't loose money but can't earn also sometimes
• It is a person eho offers advice, recommendation, Info and insights for a business

  Business consultant
• This type of process is essential to expand and grow the company, Nokia company lacks this that's why they go bankcrupt, it's said that don't be contented

  Research and Development
• It involves understanding, using business procedures, concept to create idea and innovation to improve themselves or business

  Research and Development
• It is a personal entrepeneur competency saying that, having this competency/traits means making the day as night and night as day

  Hard-Working
• It is a personal entrepeneur competency stating one must be confident to earn money, to communicate and persuade

  Self-confidence
• It is a personal entrepeneur competency one must evaluate if he or she needs to woke up early, also asking yourself the question "Where will i invest my money to save more money"

  Discipline
• It is a personal entrepeneur competency saying that an entrepreneur or a person must be open minded, because it means more opportunity, and being open minded means being open to any idea and readiness to try new things

  Ability to accept change
• It is a personal entrepreneur competency where it makes you standout from competitors, this involve innovative products such as iced coffee

  Creative
• It is a personal entrepreneur competency saying that creating a money must also be the agenda of a business, not working all day exerting an effort without getting nothing

  Profit-oriented
• What are the "five salient features of entrepreneurship"?

  1. Art of Correct Practices

  2. Wealth Creating Venture

  3. Providing Values to Customers

  4. Opening and Managing self-owned Business

  5. Risk taking venture
• What are the personal entreprenural competencies?

  1 Hardwoking

  2. Self Confidence

  3. Discipline

  4. Commited

  5. Ability to accept change, opportunity

  6. Creative

  7. Initiative

  8. profit oriented
• What are the personal entreprenural competencies?

  1 Hardwoking

  2. Self Confidence

  3. Discipline

  4. Commited

  5. Ability to accept change, opportunity

  6. Creative

  7. Initiative

  8. profit oriented