part 1 ni gut game

• Entrepreneurship


  A proactive process of developing a profit-making business venture. It involves searching for market opportunities, establishing and operating a business out of the opportunity, and assessing its risks and rewards by closely monitoring the operations.
• Entrepreneur


  A unique individual with the innate ability and extraordinary dedication to establish and manage a business, recognizing all the risks, and reaping their rewards. "Someone who recognizes opportunities, strategies, mobilizes resources, manages, and accepts the risks of a business to have a positive impact on society."
• Elements of Entrepreneurship


  • Innovation
  • Opportunity Seeking and Exploitation
  • Resource mobilizing
  • Encountering risk and uncertainties
  • Economic and personal rewards
• Innovation


  • The process of bringing to an organization new concepts, technologies, or methods. This may mean creating a new service, system, or process or improving existing ones.
• Opportunity Seeking and Exploitation


  • The ongoing process of considering, evaluating, and pursuing market-based activities that are believed to be advantageous for the firm. Example: Lend money, good location.
• Resource mobilizing


  • Refers to all activities involved in securing new an additional resources for your organization. It also involves making better use of existing resources and maximizing them. Resource mobilization is often referred to as 'New Business Development'.
• Encountering risk and uncertainties


  • Entrepreneurs live with uncertainty and risk. They have no choice. The future depends on them. They are responsible for their success and failures and never endures success. Example: required hiring more must also learn to manage the pressure and uncertainty of having to assume responsibility for their business and their employees, purchasing more equipment, investing more money, and decision-making.
• Economic and personal rewards


  • Example: Money, Benefits, and Perks
• The Philippine Constitution of 1987 recognizes entrepreneurship as a driving force for economic growth.
• The Philippine Development Plan (PDP) further reinforces the thrust on entrepreneurship through trade and investment to achieve The government's goal of economic development and job creation
• Former President Gloria Arroyo issued E.O. 470 in 2005 establishing the Youth Entrepreneurship Program as a response to the global call for young people to become involved in economic development and nation building.
• Mr. Joey Concepcion is one of the Go Negosyo founder, a national organization that encourages entrepreneurship. He also organizes YES (Young Entrepreneurs Seminars) featuring business tips, advice, and opportunities for young people who want to pursue entrepreneurship.
• He was appointed Presidential Adviser for Entrepreneurship by President Gloria Macapagal Arroyo in 2005 and again by President Rodrigo Duterte in 2016. Under President Marcos Jr., he was tasked to lead the Jobs Committee of the Private Sector Advisory Council. He is concurrently the Vice-Chairperson of the Micro, Small and Medium Enterprise Development Council and the Chairman of the ASEAN Business Advisory Council.
• Significance of Entrepreneurship to Filipinos

  • Improve the quality of life
  • Serve as a role model
• Improve the quality of life


  • Offering new products and services that make consumers live more convenient or enjoyable. Improved personal satisfaction, more noteworthy spirit, and monetary opportunity.
• Serve as a role model

  • Entrepreneurs are individuals to be imitated by more youthful ages in the network and society on the loose. The disposition, conduct, and individual qualities. Like proactiveness, opportunity acknowledgment, hazard taking readiness, and innovativeness are a portion of the qualities that will make them fruitful entrepreneurs later on
• Importance of Entrepreneurship to the Local Community

  • Entrepreneurs produce employment in the community
  • Entrepreneurs generate new demand in the market
  • It makes a generous commitment to the raising and assortment of taxes
  • Entrepreneurs create new business opportunities in the market
  • Makes new sources of materials
• Significance of Entrepreneurship to the Philippine Economy

  • It energizes competitiveness thus, provokes challenges among entrepreneurs to continue innovating their products and services
  • It hurries the monetary recuperation procedure of the Philippines during financial crisis
  • It facilitates the progression of money flow in the market
  • It helps the national government in its longing to have positive financial evaluations in the world market