Professional Documents
Culture Documents
INTRODUCTION
The concept of technology does not only relate to the technology that embodies in
the product but it is also associated with the knowledge or information of its use,
application and the process in developing the product (Lovell, 1998; Bozeman, 2000;
change in the production process, creation and development of new lines of business,
increased marketing of a product and in the set-up of new organizational modes of social
interaction along the societies around the world (Bolay & Kern, 2011). The emergence of
technologies and its development become crucial to the world. It becomes a tool for
change that affects the natural and modern environments where individuals live. It shapes
the contemporary culture of human beings that includes their perspectives about the
society and the world. The technology plays an important role in the exchanges of
and products that are driven by growth. Technology is a driving force that outlines the
entrepreneurship also play a central role in the modern economy because it is the prime
makers of businesses. Entrepreneurs are crucial to economic equilibrium because they are
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the ones who run the economy. Business ventures are responsible in all the activities
prices, allocation of goods, and the structure of transactions, thus depends on the actions
suitable for poor communities since the ventures are developed in a totally different
First, for investment requiring high capital especially relating to providing access to
essentials such as electricity and water delivery, by which it also need collaborative
efforts of maintenance. These needs stand as the main constraints to the community-
increase the voice of individual person and benefits the volume of mass, for example
developing countries which has dropped from 29% to 18% in 2004 (World Bank, 2008a).
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Entrepreneurs need technology to fulfill their responsibilities especially in building a
technology-driven community business firm (Goutam and Sarkar, 2015). Technology and
entrepreneurship is connected to each other and thus are also important in the
production and services, marketing, customer satisfaction and other aspect related to
(Amad, 2014).
There are studies that describe the relation of technology to entrepreneurship and
innovation. This study filled the gaps of the past studies. This evaluates the response of
community entrepreneurial process. The result of this study contribute to the knowledge
about the topic, such knowledge can help a developing community to increase its growth
and developed further to build better lives for the people in the community.
process?
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a. opportunity identification
b. entrepreneurial initiative
c. development of a plan
d. mobilizing resources
The figure below defines the research variables and clarifies relationships among
Technology is now used for the humans daily lives it has a large impact on the
the development of entrepreneurial ventures are will be affected. This study gave
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information about the impact of technological integration to community-
entrepreneurship. It gave further information and build stronger knowledge bases about
the relation between entrepreneurship and technological integration. This study can help
guide on how to start and run a business venture using the aid of the new technologies.
To ABM students this can serve as a new reference for further studies.
community entrepreneurs and their response to the emergence of technology. This study
Only 11 community entrepreneurs are interviewed for the study. The locale of the
study is Barangay Talon Tres, Las Piñas City. This study was conducted on February to
March 2017.
The following definitions are presented on how they are used in the study:
financially.
rewards of a given
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business venture, idea, or good or service
management position.
resources.
world applications.
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CHAPTER II
2.1 Entrepreneurship
goods or services (or even new markets or ways of doing things), exhibit initiative to
pursue those opportunities, make plans and mobilize the resources necessary to convert
new or improved goods or services, showing the initiative to pursue that opportunity,
making plans and mobilizing resources necessary to convert the opportunity into reality.
and organize a business project along with any of its risks in order to gain profit. The
risks in the hope of profit (Naude, 2013). The discipline of entrepreneurship generally
studies the process of opportunity creation, recognition, and utilization. Hence, the
factor is understood to be a new factor in the production process that is different to the
old ideas of work and capital, which must be explained by compensation through revenue
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for the entrepreneurs along with the scarcity of people with entrepreneurial capabilities.
that manages to combine innovation, risk-taking and activeness (Miller, 1983; Cuervo et
al, n.d.). Literatures about entrepreneurial initiative underline the reasons for correctly
anticipating market flaws or the capacity to innovate in order to create new combination
risk-taking and innovation approaches, as well as the reward and motivational techniques,
bring creativity into the marketplace, it creates companies with the potential to hire
millions of people and it brings new products and services to market. In addition, impact
entrepreneurship, in which business people pay attention to the social impact of their
products and investments, aims to improve society and the environment (Dyck and
Neubert, 2009).
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2.2 The entrepreneurial process
having the four steps of the entrepreneurial process. These are as opportunity
resources. The entrepreneurial process had different views in the two approaches the
Mainstream Entrepreneurs offers products that meets a need that people are
willing to pay for. They have the high need for achievement and self-confidence. They
have strategic plans that highlight financial costs and benefits. They attract financial
from changes in the tasks, macro or international environments. Entrepreneurs are more
likely to have an orientation that looks at possibilities of how something can be done,
rather than thinking of reasons why it can’t be done. Mainstream entrepreneurs are
constantly looking for better and more financially rewarding ways to meet needs. They
are looking for places where they can outperform existing competitors, either by lowering
cost, or providing unique added value. They look for opportunities to invest resources
that will yield a higher financial return than they currently get. Entrepreneurs have
role in keeping economy going in areas such as job creation and innovation.
entrepreneur they need to take actions they need to show their entrepreneurial initiative.
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In mainstream point of view personality traits and life path circumstances has an effect
whether people show entrepreneurial initiative. The two personality traits that are most
associated to mainstream entrepreneurs are (1) high need for achievement and (2) high
level of self-confidence. First, people with a high need for achievement learn to set
achievable yet challenging goals, they look for feedback on performance as a way to
goals. Second, entrepreneurs must have enough self-confidence to carry out necessary
task involved in running their business. Entrepreneurs must trust their own abilities to
fulfill the unmet needs that they have identified. Life path circumstances also affect the
likelihood that someone will start a new organization. People are more likely to act on
their entrepreneurial urgings if they are; in a midst of transition, being pushed away by
the status quo or pulled into an entrepreneurial venture. First, people are more likely to
start a new organization if they have gone through a planned or unexpected transition in
their lives such as life events. Second, people are more likely to start a new organization
if their current jobs are dissatisfying or if they have little hope of finding satisfying
employment. This group includes intrapreneurs who believe that their good ideas are
being trashed by their management. Third, people are more likely to become
resources and active encouragement from mentors, friends and family members.
Creating plans are critical for mainstream entrepreneurs. A plan provides a clear
direction by laying out strategy necessary to reach objectives. This is the most important
aspects of the new venture before starting up. There are different processes to set up a
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plan. First, mainstream entrepreneurs creates concept for the new venture. It specifies the
unmet needs in the economic context of customers and other organizations and describe
how the new venture’s goods and services will meet that need. This section of plan
should provide relevant background information and describe how the new venture will
fit the products and service offered by existing organizations. Entrepreneurs should
evaluate the strengths and weaknesses of the new venture relative to opportunities and
threats that you have identified. The concept should be based on solid information. This
section also include advertising plans, sales projection and an idea on what position or
share of the market you hope to secure. Entrepreneurs should also include the access to
resources that will help to complete and refine the design of products or services offered.
Second, Entrepreneurs manage its own management team. The plan should provide a
clear description of the management team’s experience and expertise to manage team.
organization. They should highlight the strength and weaknesses of the members of the
organization. Third, entrepreneurs should specify all the resources required along with
expected financial costs. The final section describes how resources will be mobilized
over time and identifies contingency plans that will be put in place in case events do not
unfold as planned.
When the plan for the new venture is in place the entrepreneur is prepared to
acquire and mobilize the necessary resources. This phase involves the required financing,
adequate financing is the key source that needs to be mobilized. Debt financing occurs
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when an entrepreneur borrow money from family and friends, a bank, or other financial
institution that must be paid back at some future date. Equity financing occurs when
investors in a new venture receive shares and become part owners of the organization.
that process is different because of their differing views on the importance of materialism
and individualism.
Multistream Entrepreneurs look at needs that can enhance the multiple forms of
offers products or services that meets or eliminates a need that people have.
recognize that they cannot make a venture happen on their own the support and
Entrepreneurs the transition often results from recognizing and wanting to escape from
the materialist-individualist character of the status quo. When intrapreneurs ideas are
rejected it often leads them to be pushed out of the organization as their ideas are not
welcome. Finally people may experience positive pulls from family and friends or others
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Multistream entrepreneurs critic the process of developing detailed plans for new
venture, they argue that planning may be irrelevant and constraining, limiting the
likelihood of ongoing experimentation as the organization grows. These critics point out
that the planning process focuses on Explicit knowledge these are information that can be
blueprints, mission statements and so on, while Tacit knowledge is difficult to codify or
articulate, and this very characteristic makes it a source of strategic advantage for
entrepreneurs. In Multistream approach the concept of the new venture, specifies the
unmet need in the overall context of customers and other organizations, and describe how
the new venture’s goods or services will meet that need. The management team
highlights the strengths and roles of team members and external stakeholders. In
operation plans it specify all the resources required, along with their expected financial,
social and environmental costs. Contingency plans are focus on financial, social and
Multistream Entrepreneurs establish community support and get started. They are
more likely to recognize the importance of non-financial resources and especially the fact
that good relationships with stakeholders can reduce the need for financial resources.
Multistream entrepreneurs develop social networks to develop their credibility. They are
mindful how ton mobilized physical resources required for their new venture.
they are more likely to welcome input from key stakeholders, their venture should be
more sustainable over long term and enjoy wider support in the larger community.
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2.3 The role of entrepreneurship to the economy
Given the current economic challenges facing many countries across the globe,
the concept of engendering greater entrepreneurial activity has become an important goal
development has been studied by many researchers (Conney, 2012). Entrepreneurs are
processes, driving economic alteration and global trade. Entrepreneurs creates new forms
of business organizations and employ new types of business methods. Entrepreneurs play
a central role in the modern economy because they are the major creators of firms.
Entrepreneurs are fundamental to economic stability because they set the economy in
action. Firms are responsible for practically all economic activity outside of government:
innovating, pricing, contracting, employing resources, labor, and capital goods, raising
financial capital, organizing production, and marketing goods and services (Spulber,
2008).
Governments across the world are increasingly recognizing the positive impact
that the creation of new businesses can have on employment levels, as well as the
competitive advantages that small firms can bring to the marketplace (Scase, 2000).
now breaking through the barriers of class, age, gender, sexual orientation, and race.
leads to three novel realizations: First, it provides new perspectives to the grand ideas in
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development economics. There at least three “grand” ideas; the first is that development
concept that requires more than just the eradication of income poverty and lastly, is the
idea that market failures are common and that the state has an important coordinating and
regulatory role to play in development. Second, the development outcomes are influenced
entrepreneurship could cause change not in a negative way but in a positive way if it is
just receiving proper attention from people who wanted a developing country.
from the application of scientific knowledge. The branch of knowledge dealing with
engineering or applied sciences. The explanation of this term was very important to have
a clear understanding about its nature and examining what the technology consists of
(Abdul et al, 2011). The past researches have viewed and discussed this term from
different perspective and this has influenced the research design and results, negotiations
around a transfer and government policies in general (Reddy and Zhoa, 1990). Among
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these given definitions, technology has been given a lot more definitions by previous
literatures. According to Kumar et. al (1999) technology includes two important basic
components; First, the component that consist of items such as products, tooling,
marketing, production, quality control, reliability, skilled labor and functional field.
problems, accomplishing certain tasks using particular skills, employing knowledge and
exploiting assets (Lan and Young, 1996). The concept of technology in developing the
product is associated with the knowledge or information of it use, application and the
process not only relate to the technology that embodies in the product (Lovell, 1998;
Bozeman, 2000). From previous studies, technology has really a great impact on business
forms the basis of a firm’s competitiveness and will generally release under special
condition (Dunning, 1981). Technology can entail information that isn’t easily
reproducible and transferable (Tihanyi and Roath, 2002). According to Nonaka (1994),
knowledge known by one organization”. The intangible assets of the firm is never easily
transferred from one firm to another which is valuable technological knowledge because
transferred technology (Lin, 2003). Burgelman et al. (1996) refer technology as the
theoretical and practical knowledge, skills, and artifacts that can be used to create
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Technology is also represented in people, materials, cognitive and physical
processes, facilities, machines and tools (Lin, 2003). The recent meaning given by
Mascus (2003) has widened the concept of technology where technology is defined as
marketing methods or any of its combination’. Beside from understanding the concept of
technology, it is also important to learn about the explanations of the various kinds of
technologies that integrate in the product, production processes and human capital of the
firm. The early system of describing the way of technology was developed by Mansfield
classification was later further extended by Madeuf (1984) to include capital embodied,
human embodied and disembodied technology. Hall and Johnson (1970) suggest the use
which is common to companies in the same activity while System specific technology
problems. Then, company specific technology covers the corporate skills and capabilities
transfer. It is the transfer of new technology from the originator to a secondary user,
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economies. Just like technology, technology transfer had been discussed and explained in
many different ways based on the disciplines and purposes of the studies (Bozeman,
2000). Gibson and Smilor (1991) view technology transfer is often a chaotic, disorderly
process involving groups and individuals who may hold different views about the value
and potential use of the technology. Baranson (1970) defines technology transfer as
machinery and equipment, to enable the receiving enterprise to produce the product with
the desired level of quality standards and cost efficiency the transfer of technology
requires a prolong relationship between two enterprises over a period of time (Reddy and
Zhoa, 1990).
The process that involves does not only concern about the transmission of
continually accumulated into human resources that are engaged in production activities.
A successful technology transfer will eventually lead to a deeper and wider accumulation
of knowledge (Shiowattana, 1991). The technology transfer concept is not only concern
about the transfer of technological knowledge or information but also the technology
recipient’s capability to learn and absorb technology into the production function
(Maskus, 2003). Das (1987) argues that technology transfer can be of two types: 1)
Based from all the concepts and ideas above that was gathered from different literatures,
we can conclude that technology has broad, infinite meaning as long as one person has
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their own perspective about it and it’s also dynamic. These two terms, technology and
from different people based on their different views and perspective. Though it had a lot
of definitions we don’t need to choose from those because we can use all of it in the right
time as well as in the right situation. In overall, technology is important not just because
it improves and develop the speed of transmission of knowledge but because it also
advancements in Internet-based tools over the past five to ten years, such as social
networking websites, twitter, and other websites and applications are changing the way
people use and share information for personal, political, and commercial purposes. These
Technology drives the innovative use of resources to promote new products and
ideas across nations and cultures, regardless of geographic location. Creating efficient
and effective channels to exchange information and knowledge, technology has been the
tool for global integration. Products based upon, or enhanced by, technology are used in
nearly every aspect of contemporary life and industrial societies. The spread of
technology and its applications has been extraordinarily rapid. Twenty years ago, large
and bulky mobile telephones were carried only by a small number of users. In some
developing countries, mobile phones are used by more people than the fixed line
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telephone network. But perhaps most dramatically, just fifteen years ago, only scientists
were using (or had even heard about) the Internet the World Wide Web was not up and
running, and the browsers that help users navigate the Web had not even been invented
yet.
Today, of course, the Internet and the Web have transformed commerce, creating
entirely new ways for retailers and their customers to make transactions, for businesses to
manage the flow of production inputs and market products, and for job seekers and job
recruiters to find one another. Globalization accelerates the change of technology. Every
day it seems that a new technological innovation is being created. The pace of change
occurs so rapidly many people are always playing catch up, trying to purchase or update
their new devices. Technology is now the forefront of the modern world creating new
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CHAPTER III
METHODOLOGY
This study is a qualitative research that utilized a case study method to have an in
This study was conducted in Barangay Talon Tres in Las Piñas City.
This study used purposive sampling, where in the respondents are selected with
This study has eleven (11) respondents or community entrepreneurs that was
selected purposively.
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3.5 Data gathering instrument
This study conducted a structured interview to interact with the respondents and
Formal letters are given to the respondents before the day of the scheduled
interview. The interview sessions are conducted for one hour for each respondent.
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CHAPTER IV
The gathered data from the community-entrepreneurs are utilized for the
entrepreneurship. This chapter concentrates with the main focus of the studies: (a) the
technologies used by the community entrepreneurs, (b) the response of the community-
Technology is one of the central and most significant elements related to effective
operations management in a business firm (Molinero, 2012). From the analysis of data
technology to operate their respective firms. It is an important aide that helps the firm in
various ways. From the results of data analysis technologies used by community
entrepreneurs are classified by its usage namely: (a) communication, (b) customer
convenience, (c) cleaning equipment, (d) surveillance systems, (e) aides for production,
Communication
Computer systems
Landline phones
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The technologies above serve as the aide of community-entrepreneurs in
communication. These technologies have become business necessities for owners and
accordingly. Smart phones integrated the business firms together with the access to the
internet, email and business applications in a hand held device, it makes communication
easier. E-mail, text messaging and social networking are other advances in
and improve inside communication within their business firms. The computer systems
can be in desktop or in laptop model which serves as aide for sending e-mails and loaded
with office soft wares is the most useful for most of the community-entrepreneurs.
speed. This saves time, offering the ability to make decisions faster.
E1: “The technologies used in my business firm? First of all is my laptop, it is very
important to have a laptop in my business some say it is alright to have just a mobile
phone but it is easier to e-mail and post product with a laptop. I also have my mobile
E2: “The important technologies for us would be the mobile phones we are small
scale business we do not held a major operation here but it is important to stay in
E9: “While delivering trucks and cellular services help in delivering goods and
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Customer convenience
Television
purchasing a product or a service. Some small businesses that utilized services as their
product used air conditioning systems to relax their customers or clients. In case of large
numbers of customers, small business owners set a television system to entertain the
customers while they are waiting. Technology keeps employees in effective customer
convenience.
E10: “While waiting we make sure that our customers will be relaxed by giving them
access.”
E11: “We in this firm we give extra service for our customers such as massage,
Cleaning equipment
Sterilization tools
of the tools, equipments and the workplace that is important for customer service. This
will give impression to the customers to keep purchasing the products and services
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E2: “In our profession sterilization instruments are very important, sterilization
technique is very important because if our tools are not sterilized well we can easily
E9: “This water station uses a fine filtration, carbon-reverse osmosis and ozone
sterilization.”
Surveillance System
A Closed Circuit Television System is a security system formed from one or more
CCTV cameras which send or broadcast their own signals to one or more locations.
These video pictures from the camera can be viewed in real time or recorded. This means
that an entrepreneur will get a choice to look at all of these live and even at a later time.
Surveillance systems are quite expensive but it will provide a real time security for the
firm. With CCTV systems community-entrepreneurs can track the activities in their firm
even they are in different locations. They can monitor their employees and their
customers.
E8: “Our products are purchased for installations and we have technologies. We used
Printers
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Printing Equipments
Small businesses need to manage the productivity out of their actions and technology
tools help staffs get everyday jobs done more quickly. This may range from printing out
materials to providing customer service through email or online. Serve customers with
the use of printers, printing equipments and computer soft wares. The crucial is to keep
entrepreneurs focused when using technology and to use it accordingly with the goal of
saving time. Community-entrepreneurs need to provide the right hardware and updated
E7: “Technologies are used for printing our t-shirt designs. It is used to create our
products, it is use for layouts and editing. For that activities we need computer soft
Inventory control
The point of sales or point of purchase machines are devices designates the time and
inventory control system. These systems keep track of every item in the inventory,
ensuring the firm will not run out of stock, nor order too much. When new inventory
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arrives, the system is updated to reflect the additions and when it is sold, it is deducted
E1: “In our stores we used POS machines Point of Sales in traditional stores it is the
cash registers, or the bar code scanners. All the stuffs in the inventory is in the POS. It
Marketing
Websites
Computer systems
Print advertisements
Computers are often linked to form a network. Technology has freed small businesses
from the restrictions of prints advertisements when it comes to reaching new and existing
on search engines, to online product sales. It is an effective and low cost method to reach
relatively new boundary that reaches people through text messaging, advertising on
mobile applications and offering branded applications that draw customers into what is
E1: “We make use of online marketing to easily create hype to the customers.”
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E9: “For marketing word of the mouth is prevalent way to attract customers, but this
2012). Based on the data gathered from the interviews community-entrepreneurs respond
to technological integration.
product to larger market and increase their sales volume. Technology has impacted the
field of marketing significantly, along with practically every other discipline in business.
with managing more marketing options, and consumers are more integrated with
marketing information. From the organizational perspective, technology has impacted the
ability to collect and organize marketing data and using the channels the organization can
use to reach consumers. The entrepreneurs innovates the process of developing different
types and arrangements of advertising assets to help them obtain their market purposes.
Introducing more technology into a business firm means more efficiency, greater
productivity, and decrease in manual woks. Using technology saves time and energy, the
firm can focus more fixedly on providing customers with quality of experience or getting
more productive work done to finish projects, save money, and eventually increase sales.
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E1: “Technology will help you to know different customers from different market
areas and places. Through social networking sites people will know you and your
E7: “We can infer that there is increase in sales, with the use of online sites we
Based on the gathered data the entrepreneurs sell products based on the latest
trends in their industry. Trend analysis helps the entrepreneurs to understand how the
business firm has achieved and forecast where current business operations and practices
will it take. Entrepreneurs analyze trends with the aides of technologies. If it is done well
it gives ideas about how it might change things to move the business in the right
direction. Trends are extremely reliable source of changes. These give early warnings
about what is correct and what is wrong within the business. It helps in creating a reliable
E1: “Regarding to the strategies we need to keep ourselves in the latest trends, we
need to be updated to know the needs and demands of our customers. To search
about those latest trends we make used of different websites, we use google,
yahoo, Facebook.”
E8: “Though technologies we used to identify the needs and demands of our
our company to pursue the demands and the trends of the customers”
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The community-entrepreneurs use technologies in the management of inventories.
They used inventory control system which is called point of sales or point of purchase
E1: “Being the owner of the company POS can easily track inventories in just one
push of the button you can see all the stocks that you need to re-order and the
allocation of the funds, to make investment decisions and to analyze, predict, plan and
manage all business activities while maintaining financial stability of the company.
Community entrepreneurs make used of bank accounts and online transactions to manage
E7: “Yes, technologies help us in financing. We have bank accounts and because
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Because of the expanding advantages of having advance equipments to the firm,
E8: “Security is a basic necessity for business firms today it is used to monitor the
to create more products. In order to sell all the products entrepreneurs used to give
promos and discounts to the customer that markets the firm into a larger market.
E4: “When we get many products because of our production we use to give
Base on the data analysis the emergence of new and modern technologies affects
based on Dyck and Neubert (2009) is divided into four parts: (a) opportunity
mobilization of resources.
Opportunity identification
entrepreneurial opportunities easily. They used the technologies to study the demands,
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trends and market behavior of the customers that are willing to purchase their respective
products. Websites such as google and Facebook keep the entrepreneurs in touch with the
an ever increasing number of opportunities that open up. The internet has been the most
their knowledge bases about the market. Over time populations and people change. The
way the people view life changes, where they take their meaning from, and how they feel
about things also is modified over time and smart entrepreneurs pay attention to this in
order to capitalize and avoid being forgotten. The market place is the number one area to
look for opportunities. A good entrepreneur should be constantly studying the market.
E1: “Sometimes supplier offers discounts when you buy whole sale, so why are
technologies as a manager I can identify which product sells fast and which sells
E9: “Product and strategy innovation is vital to keep up with the demands of the
Entrepreneurial initiative
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Technology has made it possible for small, entrepreneur-led businesses to turn
ideas into reality. The ability to turn ideas into new products and services that people
need is the source of prosperity for the community. Entrepreneurial initiatives are driven
are not afraid to create innovative products and solutions require an educated population
and an environment where collaborative work can take place. In addition to being good
E1: “You will pursue the opportunity you identify, you can demand the suppliers
bigger discounts.”
Development of a plan
communication with other members of the firm and other stake holders. Planning
methods can help community-entrepreneurs to clarify the purpose and direction of the
business it allows the entrepreneurs to understand what needs to be done for forward
software. Through good planning it can outline the future and predict the future growth of
the market.
E8: “This is a corporation and me and the co-owners of this firm are meeting
yearly. We yearly plan to know the target sales, the monitoring of supplies and the target
Mobilization of resources
easily track progress during every phase of goal completion and offer immediate
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reinforcement or coaching to keep performance and deadlines on track. This process
leads to greater business productivity because the firm is staffed with people who are
continually learning new skills and being challenged to do their very best. Technologies
also used to manage the inventories and resources of the company it is an important part
E8: “We mobilize resources though monitoring the inventories of the products.”
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CHAPTER V
Summary
This study is a qualitative research that utilized a case study method to have an in
modern technologies. This study was conducted in Barangay Talon Tres in Las Piñas
determine the technologies used by them and their response to the emergence of
technologies. This study also evaluates the effects of technological integration to the
are classified by its usage namely: (a) communication, (b) customer convenience, (c)
cleaning equipment, (d) surveillance systems, (e) aides for production, (f) inventory
product to larger market and increase their sales volume. Entrepreneurs sell products
based on the latest trends in their industry. Trend analysis helps the entrepreneurs to
understand how the business firm has performed and predict where current business
operations and practices will it take. Entrepreneurs analyze trends with the aides of
36
technologies. The community-entrepreneurs use technologies in the management of
inventories. They used inventory control system which is called point of sales or point of
security.
entrepreneurial opportunities easily. They used the technologies to study the demands,
trends and market behavior of the customers that are willing to purchase their respective
products. Through technologies entrepreneurs are not afraid to create innovative products
work can take place. In addition to being good for business, education increases
workforce creativity and quality of life. Planning methods can help community-
entrepreneurs to clarify the purpose and direction of the business it allows the
business productivity software solutions enable the community to more easily track
progress during every phase of goal completion and offer immediate reinforcement or
Conclusions
Community business firms use different form of technology for their business
which has a basic and critical effect on the nature, design, structure and work of the firm.
In a small business firm departments and division are developed around the equipments
surveillance systems, and aides for production, inventory control and marketing. The
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scope of technology that an organization can adopt or employ is vast, ranging from
something seeming simple, such as buying a personal computer with a word processor, to
ever before, and consumers are more integrated with marketing information than they
have been in the past. With the use of technology firms can expand the market of their
products. From the organizational perspective, technology has impacted the ability to
collect and organize marketing data, the channels the organization can use to reach
consumers. Entrepreneurs analyze trends with the aides of technologies. If it is done well
it gives ideas about how it might change things to move the business in the right
direction. Trends are extremely reliable source of changes. Computerized systems have
maintain competitiveness.
work can take place. In addition to being good for business, education increases
workforce creativity and quality of life. Planning methods can help community-
entrepreneurs to clarify the purpose and direction of the business it allows the
business productivity software solutions enable the community to more easily track
progress during every phase of goal completion and offer immediate reinforcement or
38
Recommendations
Based on the information gathered from the respondents this study reccomends
the following:
different research design. This is to strenghten the knowldge about the topic.
2. This study suggest to study further about the entrepreneurial process. For more
reliability of knowledge bases used a different reference that can expand the
5. We suggest that baranggay officials will conduct a seminar for students about
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References
2003-396, 1-21.
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