STUDENT NAME: MIKEE S. MARBACIAS PROFESSOR: DR. LILIA C.

CHIO
SUBJECT: MBA 302
Journeying Entrepreneurship Activity 2
Answer the following the questions:

1. Why is entrepreneurship vital to the economic growth in the development of a

country?

Because Entrepreneurs are frequently thought of as national assets to be cultivated,

motivated, and remunerated to the greatest possible extent. Great entrepreneurs have
the ability to change the way we live and work. If successful, their innovations may
improve standards of living, and in addition to creating wealth with entrepreneurial
ventures, they also create jobs and contribute to a growing economy.
Entrepreneurship is thus important for a number of reasons, from promoting social
change to driving innovation. New products and services created by entrepreneurs can
produce a cascading effect, where it stimulates related businesses or sectors that need
to support the new venture, furthering economic development.

2. Is "Opportunity" synonymous to "luck"?

Opportunity means a set of circumstances that makes it possible to do something. Luck
means is a success or failure apparently brought by chance rather than through one's
own actions. For me, you need to search your own opportunities to have luck in your
career.

3. How can government support entrepreneur now that we are experiencing

Covid19?
I watched the online free seminar of Department of Tourism regarding to small business
entrepreneur in tourism industry. They give such interview questions and advices to
help the SME, example like that they try to do some new opportunities like business or
sell other products through online to prevent this pandemic, so they can have an idea to
sustain their daily lives. Government also give cash aid like DOLE Camp programs
(AYUDA or Cash program), SBWS, and etc., to help the employee and the SME that
they can’t produce. Also the TESDA Online is having a free online tesda certification
through web that can be a big help to the entrepreneur.
4. How important is infrastructure to entrepreneurial success?
Starting new businesses it will helps the industry, because it will create more jobs and
also introduce new ideas that solve problems in industry. Entrepreneurship also makes
the marketplace more competitive so that outdated thinking is challenged and doesn't
restrain society from growing and developing. Adaptability, persistence and hard work,
these are the keys to success in small business. Infrastructures can help the business
to grow and help them to know the trends and how the business will be catchier.
Infrastructure helps the business to be successful because they are the keys to evolve
their business into big solution how customers will love the business. Entrepreneurs
also help drive change with innovation, where new and improved products enable new
markets to be developed. Infrastructure are those likely to prevail in sustaining positive
economic development efforts.

This is because corporate clients seeking expansion, relocation, or consolidation

generally place review of infrastructure assets at the top of the list of site selection
priorities as potential sites are being evaluated. Whether the project being considered is
an advanced manufacturing facility, logistics/distribution warehouse, a data center, life
sciences campus, or a corporate headquarters, state, regional, and local infrastructure
assets are fundamental to the decision-making process. When considering
infrastructure, site selectors most often consider hard infrastructure assets