Lesson 3: Roles and Relevance of Entrepreneurship in EDS

Created by

Sofia Miguel

Cards (14)

Economic Development
the process in which an economy grows or changes and becomes more advanced especially when both economic and social conditions are improved
Major roles and relevance of Entrepreneurship
Creates employment
Develop new markets
Improves quality of life
Introduces innovation
Stimulates investment
Provides more alternatives for consumers
Brings social benefit to the people
Serves as role model
Factors in determining economic growth in our nation
Filipino values and culture
the citizens of the country possesses different goods and bad traits that has impact the nation's economic growth
2. Availability of needed capital
the government of nation provides support by providing captial to startups enterprises
Urban Employment
more employment availability
more multinational companies operate
more regular employment
more competitive salary grade
Rural Employment
traditional system
more msme's (micro, small, and medium enterprises) are operating
contractual employment is still evident
minimum wage
Career Opportunities
Mid-level management
Business Consultant
Sales
Research and development
Teacher
Recruiter
Business Reporter
Entrepreneur
Mid-level management 
people who converts idea into execution such as brand managers, regional managers, and directors
Business Consultant 
they identify problems and fix them and look for business opportunities
Sales 
they represent a company, manage accounts, and follow-up on leads
Research and development 
create business concepts, procedures, and practices
Teacher 
qualified to teach core subjects in SHS and college
Recruiter 
people who are people-savvy and in-depth business sense
Business Reporter 
understands the field and concepts of business and covers the local business beat
Entrepreneur 
practice the principles and concepts learned and put up their business