ipl-logo

Entrepreneurship In The Philippines

870 Words4 Pages

Entrepreneurship in the Philippines is currently booming and one of the best things a person can do today is start taking action in putting up its own business or acquiring a franchise (Louren, 2017). Entrepreneurship is a state of mind. It is not identified or measured with the type of business a person is in the success of that business but rather it is the total way of life for entrepreneurs. Being an entrepreneur requires distinct personality traits such as having a risk-taking personality, need for achievement, internal focus of control, tolerance for ambiguity and having a type A behavior or striving to achieve more in less time and general competitiveness (Gilles and Mondejar, 2008). Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit” (www.businessdictionary.com). Entrepreneurship takes the economy and the society to the state of progress and prosperity. New businesses can create new jobs and therefore will increase the employment rate of the nation. This will also generate income to the entirety of the nation. People who pursue entrepreneurship can generate new ideas which will provide a diversity of offerings for the consumer (Ramos, 2014). According to the final results of the 2012 Census of Philippine Business Industry (CPBI), CALABARZON placed second as to the number of growing food industries with a total number 3,175 (12%) establishments

Show More
Related

  • Ruth Chris Case

    1035 Words  | 5 Pages

    Urbanization rate (%) – these are densely populated urban areas, which would have large target customer pools. These areas are ideal for restaurant locations. Kuwait with a percentage 96% would be ideal considering this variable. Per Capita GDP – a high GDP relates to a positive or growing economy this variable may not be representative of the target customers.

    Read More

  • Papa Johns Strengths

    1396 Words  | 6 Pages

    Another output is to be able to compete with the top pizza chain

    Read More

  • Costco Swot Analysis Essay

    483 Words  | 2 Pages

    The SWOTT analysis table below provides the summary of internal and external analysis findings of Costco’s new division. Factor Trend Threat Weakness Opportunity Strength Technological The online shopping for food is becoming popular. The small start-up food industries may develop superior food products and capture the food market share.

    Read More

  • Iconic American Dream Research Paper

    420 Words  | 2 Pages

    The United States of America has often been recognized as the place to live if you are seeking the iconic American Dream. To this end, generations of Americans, like Keith Yarborough, have grown up in a country where democracy and the tenets of self determination are the primary aspects of life. Thousands of immigrants have fled repression and flocked to the United States for just this reason. Each American has the right and opportunity to become successful, which is why the nation boasts many famous entrepreneurs.

    Read More

  • Unit 4 Economic Systems P3

    1489 Words  | 6 Pages

    Creates large scale employment opportunities- entrepreneurs provide immediate large scale employment to the unemployed which is a chronic problem of underdeveloped nations. II. Improvement in the standard living- entrepreneurs play a key role in increasing the standard of living of the people by adopting latest innovations in the production of wide variety of goods and services in large scale that too at a lower cost. III.

    Read More

  • Wells Fargo Insurance Company

    1603 Words  | 7 Pages

    What is entrepreneurship? While several may define the actual word as “the willingness to take risks and develop, organize and manage a business venture in a competitive global marketplace that is constantly evolving.”, an entrepreneur is often defined as someone that assumes the risk of starting their own business. However, there’s more to being an entrepreneur, or having entrepreneurial qualities, than just simply starting a business. Entrepreneurial actions and behaviors can occur is several different ways for already established and lucrative companies and organizations.

    Read More

  • Chipotle Financial Analysis Essay

    440 Words  | 2 Pages

    Average annual sales for the restaurants that have been opened at least 12months have increased from 1.085million in 2007 to 2.013million in 2011 which has a CAGR of 16.1%. The comparable restaurant sales increases of 11.2%, 9.4%, 2.2%, 5.8% and 10.8% are very

    Read More

  • How Does The United States Benefit From Schools

    1201 Words  | 5 Pages

    The first being the economy and the second being jobs and job growth as a whole. Entrepreneurship is “a vital role player in the growth of the U.S. economy” “Bureau of Labor Statistics”. When schools discourage entrepreneurship it may not have an immediate effect on the country but over time a noticeable decline in job growth as well as economic growth will be seen. In the United States “Over the past two decades, new establishments have created an average of more than four million new jobs per year” (Mills). In order for the country to prosper this number needs to continue to increase in the coming years.

    Read More

  • Case Study Of Jollibee

    1615 Words  | 7 Pages

    Another 5 years later in 1989, Jollibee accomplished another amazing feat reaching the 1 billion peso sales mark – and being the first fast food chain in the Philippines to do so, Other noble accomplishment include becoming the top 100 corporations in the Philippines in 1987 and becoming the first fast food service company to be listed in the Philippines stock exchange. The prestigious award of “World entrepreneur of the year” was given to found Tony tan in 2004. Statement of the Problem The objective of this research is to find out

    Read More

  • University Students In Malaysia Case Study

    1340 Words  | 6 Pages

    Some questions are frequently posed: What are the factors that inspire entrepreneurship activities among university students in Northern Region of Malaysia? What kinds of students are most likely to become entrepreneurs? What are your career expectations for the time directly after your studies? This study investigates the tendency towards entrepreneurship among university students in Malaysia. Specifically, it aims to examine the relationship between the desire for having your own business and family business background on university students in Malaysia and their activities of entrepreneurship.

    Read More

  • Swot Analysis Of Lithle Izulu Enviro Care

    944 Words  | 4 Pages

    In one aspect, some believe that unemployment sparks initiative which results in entrepreneurship. However, another aspect believes that entrepreneurship has a positive effect on the creation of job opportunities, which thus decreases unemployment rate. Entrepreneurship is also able to improve an economy through the actual products, services and technology that is introduces into a market. These new ideas boost economic growth. Innovation also creates a sense of competition within the market, which allows for the entrepreneurs involved to become creative under pressure.

    Read More

  • The Four Themes Of Entrepreneurship

    1444 Words  | 6 Pages

    Individual work After finishing reading the articles, it has to say that it is difficult for me to understand the contents exactly because there are various theories that I never knew before. The four themes, which are entrepreneurship, entrepreneur, identifying business opportunities, entrepreneurial process, are closely related. Different scholars hold distinctive viewpoints of the four terms from the respective angle. I will give my opinion in each theme and then make a conclusion. Theme 1: entrepreneurship Davidsson, P researched the definition of entrepreneurship in two relatively distinct social realities.

    Read More

  • Steve Jobs Entrepreneur Case Study

    1066 Words  | 5 Pages

    Steve Jobs was the greatest entrepreneur of the time and he defined the Entrepreneurs as: The person who is: 1. Able to calculate risks. 2. Flexible and able to adapt.

    Read More

  • How To Become A Successful Entrepreneur Essay

    891 Words  | 4 Pages

    How to become a successful entrepreneur? There is no single absolute profile on who can turn out to be an entrepreneur. Successful entrepreneurs arise in different gender, race, ages, and income levels. They differ in experience and education.

    Read More

  • Components Of Social Entrepreneurship

    875 Words  | 4 Pages

    Social entrepreneurship is the attraction of growing attention, money, and talents by entrepreneurs and companies. As the major focus, it aims at developing, funding, and implementing solutions for environmental, cultural, and social issues (Chell, Spence, Perrini, & Harris, 2016). Entrepreneurs engaging in social entrepreneurship have their basic levels of operating as a social cause. The success of social ventures is measured based on the improvements realized in the world rather than profits accumulated. Such organizations attain a successful change in underlying issues in the community through feedback and innovations towards solving the social problem.

    Read More

More about Entrepreneurship In The Philippines

Open Document