MACALALAD, MARIEL D.

1. What is Entrepreneurship?
- Entrepreneurship is the act of creating a business or businesses while
building and scaling it to generate a profit. More narrow definitions have
described entrepreneurship as the process of designing, launching and
running a new business, which is often initially a small business, or as the
"capacity and willingness to develop, organize and manage a business
venture along with any of its risks to make a profit."

2. Who are Entrepreneurs?

- An entrepreneur is an individual who creates a new business, bearing most of
the risks and enjoying most of the rewards. Entrepreneurs play a key role in
any economy, using the skills and initiative necessary to anticipate needs and
bringing good new ideas to market.

3. What is the effect of Entrepreneurship to our economy?

- Entrepreneurs boost economic growth by introducing innovative
technologies, products, and services. Entrepreneurs provide new job
opportunities in the short and long term. Entrepreneurial activity raises the
productivity of firms and economies.

4. List at least five (5) successful Entrepreneurs here in the Philippines. What is/are
their products?
1. SOCORRO C. RAMOS
National Book Store, Inc.
Ms. Socorro C. Ramos started working as a salesgirl when she was 18 yrs.
old in Goodwill Bookstore in Escolta. She was good at selling, that’s why she
became in charge of the store. When she was married to Jose Ramos, they
put up The National Book Store. Her vision was to extend the National
bookstore not only here in Luzon but also to Visayas and Mindanao for
cheaper access to books and school supplies. Before, the National Book
Store was a general merchandise store. Until later on, it was selling books,
greeting cards, and school supplies. Today, more than 70 National Book
Store can be found nationwide.

2. TONY TAN CAKTIONG

Jollibee Foods Corporation
Jollibee was formerly selling Magnolia Ice Cream, then it was recognized as
selling chicken and burger. Tony Tan Caktiong, the president and CEO of
Jollibee, was a name to remember, not only here in the Philippines but also in
other parts of the country, like in US, Hongkong, China, Indonesia, and
Japan. He had received several awards in the business and the likes. The
success of Jollibee according to Mr. Caktiong is sharing to people what they
 had achieved. Jollibee had been known to be a happy and hardworking
insect. It is the favorite place to dine in of many Filipinos especially the kids.

3. Lucio Tan
Philippine Airlines
Lucio Tan’s story was from rags to riches tale. Before working in the tobacco
industry, his business was a scrap. His dream was to become a scientist but
his fortune was bound to become an entrepreneur. His hard work made him
successful and became famous. Now, he owns Asia Brewery, Tanduay,
Fortune Tobacco, Philippine Airlines, Allied Bank, and many more to mention.

4. ATTY. FELIPE L. GOZON

GMA Network, Inc.
Atty. Felipe L. Gozon is the chairman, president, and CEO of GMA Network.
He was credited for the success of GMA Network in radio and TV
broadcasting, filmmaking, and music recording. He was Master Entrepreneur
in 2004. Because of the leadership of Atty. Gozon, he made GMA as one of
the top networks in the country today. Currently, GMA had via-satellite
broadcasting in Asia and in other parts of the world.

5. Henry Sy
ShoeMart/SM
Henry Sy was born on December 25, 1923, in Xiamen China. In his early
twenties, he used to sell American shoes. Then after three years, he was able
to have his first shoe mart store. SM group of companies was one of the
biggest companies in our country and the man behind it was Henry Sy. His
self-discipline, perseverance, and hard work made him what he is today. In
almost every part of the country (as well as in Asia), there is an SM mall.
According to Henry Sy Sr., success will not last if you do not care about it.
That’s the secret of their success.

5. List at least five successful foreign entrepreneurs. What is/are their product/s?
1. Jeff Bezos
- Born in 1964, Jeff Bezos is the founder & CEO of the e-commerce giant
Amazon. With a net worth of $131 Billion, he tops the list of richest
entrepreneurs. He founded Amazon as an online bookstore in the year 1994.
After that, there was no looking back for Bezos as he kept adding new
categories of products. Today, Amazon is not only world’s largest online
shopping platform but also has diversified interests in many other businesses
like Amazon Web Services, Alexa, Junglee, Audible etc.
2. Bill Gates
- Bill Gates is the founder of the PC software firm Microsoft corporation. With
a net worth of $97 billion, Gates is at number second on the list. He is widely
credited as one of the pioneers who revolutionized the personal computing
industry with Microsoft’s operating system ‘Windows’. Started in 1975,
Microsoft now has diversified interests in various companies including Skype,
LinkedIn, Yammer, Microsoft Mobile (Earlier known as Nokia). He is also
actively involved in various philanthropic projects.

3. Warren Buffett
- Warren Buffet is one of the most successful investors of our time. With a net
worth of $82 billion, he is at the number 3 spot on this list. He owns Berkshire
Hathaway which owns more than 60 companies including Geico & Duracell.
He has pledged to donate 99% of his wealth towards charities.

4. Bernard Arnault
- Bernard Arnault is the chairman & CEO of the fashion conglomerate LVMH,
the world’s largest luxury-goods company. With a net worth of $76 billion, he
also happens to be Europe’s richest person. LVMH has more than 70+
brands under its belt.

5. Carlos Slim Helu

- Carlos Slim Helu owns America Movil, Mexico’s biggest mobile telecom
company. With a net worth of $64 billion, he is at #5 on this list. Also, he has
diversified interests in other sectors like construction, consumer goods,
mining, real estate & media.