Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    01 Activity 1

    Uploaded by

    Katelyn Mae Sungcang
    The document discusses three Filipino entrepreneurs and their characteristics of self-assurance, determination, and optimism. It also discusses how entrepreneurship initially aggravated but later improved their lives, and how maintaining a positive attitude and learning from mistakes can help manage challenges. The primary driver of entrepreneurship in the Philippines is seen as a way for underprivileged people to get wealthy and improve living standards.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    01 Activity 1

    Uploaded by

    Katelyn Mae Sungcang
    30 views2 pages
    The document discusses three Filipino entrepreneurs and their characteristics of self-assurance, determination, and optimism. It also discusses how entrepreneurship initially aggravated but later improved their lives, and how maintaining a positive attitude and learning from mistakes can help manage challenges. The primary driver of entrepreneurship in the Philippines is seen as a way for underprivileged people to get wealthy and improve living standards.

    Original Description:

    Entrepreneurial Management Activity 1

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses three Filipino entrepreneurs and their characteristics of self-assurance, determination, and optimism. It also discusses how entrepreneurship initially aggravated but later improved their lives, and how maintaining a positive attitude and learning from mistakes can help manage challenges. The primary driver of entrepreneurship in the Philippines is seen as a way for underprivileged people to get wealthy and improve living standards.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views2 pages

    01 Activity 1

    Uploaded by

    Katelyn Mae Sungcang
    The document discusses three Filipino entrepreneurs and their characteristics of self-assurance, determination, and optimism. It also discusses how entrepreneurship initially aggravated but later improved their lives, and how maintaining a positive attitude and learning from mistakes can help manage challenges. The primary driver of entrepreneurship in the Philippines is seen as a way for underprivileged people to get wealthy and improve living standards.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    01 Activity 1

    Katelyn Mae H. Sungcang BSBAOM – 401A


    Successful Entrepreneurs and Their Inspiring Stories
    Answer the following items:

    1. What are the common characteristics of the three (3) Filipino entrepreneurs
    described above? How did these characteristics influence their businesses?

    The three Filipino entrepreneurs all exhibited the quality of self-assurance in their
    capacity for success. They have confidence in their ability. They have high hopes for
    their art form's long-term success and are very upbeat about it. They have faith that they
    are on the right track. Despite the early setbacks, they persevered and did everything
    within their power to succeed, which was a labor of love for them. Determination is yet
    another quality shared by these businesspeople. In spite of difficulty, they have
    unwavering courage. a sensation that is both pleasant and encouraging that encourages
    pursuing a challenging objective despite difficulties.

    2. How did entrepreneurship aggravate yet eventually improved the lives of the
    featured personalities in the case?

    These entrepreneurs recognized an opportunity. Despite the difficulties at first, they


    remained committed to doing their best to succeed in their endeavors because they held
    the belief that these opportunities would result in success. Numerous advantages or
    benefits come with entrepreneurship, not just for those who engage in it but also for the
    target market and the economy as a whole. These people have faith in their ability to
    change things. They look for answers to society's expanding problems. They develop
    profitable commercial initiatives using their expertise to contribute to society's social and
    economic objectives.

    3. How do you think these businessmen manage the pitfalls of entrepreneurship?


    Propose better ways of managing and avoiding business failures.

    I think that these businessmen manage to maintain a positive attitude. Optimism about
    the future permeates their thinking. Despite the difficult circumstances of the present,
    that sense of optimism results in confidence in the future success of business ventures.
    It aids people in overcoming challenges and maintaining focus on their objectives.
    Additionally, it aids in keeping them inspired even in trying circumstances. An optimistic
    outlook aids in building resilience and recovering from setbacks.

    Learning from your errors is one of the best strategies to handle failure. Spend some
    time considering what went wrong and what may have been done better. By reflecting on
    what happened, you can learn from your mistakes and become stronger as an
    entrepreneur. Another thing is to craft a good business plan. In addition to helping
    entrepreneurs concentrate on the particular actions required for their business ideas to
    succeed, a strong business plan also enables them to meet both short- and long-term
    goals.

    4. Currently, what do you think is the primary force that drives entrepreneurship in
    the Philippines? How can the Filipinos capitalize on this force to boost the
    economy in times of recession?

    Philippines is a nation under development. The majority of people live in poverty. They
    are underprivileged and believe that starting a business is the only way to get wealthy.
    Entrepreneurship promotes job growth and, of course, the things sold generate revenue.
    Through entrepreneurship, the community can improve its standard of living. The
    Philippine society views entrepreneurship as a very effective way to raise one's social
    and economic status. In an effort to grow the economy and help its citizens escape
    poverty, the government of the Philippines has made a determined effort to encourage
    entrepreneurship in the nation. Entrepreneurship in the Philippines offers people the
    chance to access broader markets and build relationships outside of the informal sector
    through efforts to grow the economy and enhanced protections for smaller firms.

    You might also like