entrep 2

• Core Competencies in Entrepreneurship


  Defining characteristics that make a business or an individual stand out from the competition
• Core Competencies


  Defining characteristics that make a business or an individual stand out from the competition
• 3 General Conditions in Core Competencies

  • The activity must provide superior value or benefits to the consumer
  • It should be difficult for a competitor to replicate
  • It should be rare
• Core competence


  Something unique that a business has or can do strategically well
• Core Competencies of Entrepreneur

  • Entrepreneur as a missionary
  • Entrepreneurs are goal-driven
  • Entrepreneur as a marketing man
  • Entrepreneurs start small to big
  • Entrepreneur is excellent in obtaining resources
• Factors that Develop Entrepreneurial Activity

  • Entrepreneur's initiative
  • Organization of capital resources
  • Development of administrative machinery
  • Development of entrepreneurial autonomy
  • Development of SWOT analysis
• SWOT (Strengths, Weaknesses, Opportunities, and Threats)


  A tool used in evaluating a business. Entrepreneurs should know how to analyze their business using this tool.
• Internal Elements


  • Strengths: unique taste, quality ingredients, friendly staff

  Weaknesses: low profits, no business website, less offerings than competitors
• External Elements


  • Opportunities: market boom, expansion of branches, can implement a loyalty program

  Threats: rising cost of ingredients, negative reviews, increasing number of competitors
• Most Filipinos start a business when they see that other businesses are profitable.
• The Making of a Filipino Entrepreneur

  All growth starts from the beginning. The same applies to the world of business. There are a lot of entrepreneurs who start their business from a small enterprise into a big company.
• Core Competencies are the defining characteristics that make a business or an individual stand out from the competition.
• Core competence


  Something unique that a business has or can do strategically well.
• An entrepreneur must be equipped with the following core competencies so that his planned business will really stand out among other competitors.