LAVILLA, RICKY H.

BSBA FM- III

1. Discuss the economic landscape in the Philippines.

 The Philippines is a haven for the development of young entrepreneurs. As a
developing country, its resources are varied and numerous. Small and medium
enterprises are the key to economic development as they employ more people and
use the resources of people’s talent and ingenuity. Generation ideas comes at the
time of crisis and people begin to find new ways of making a living. Our country
although on the verge to industrialization is still agricultural in nature.

2. Give the factors in determining economic growth.

 growth of productivity, demographics, labor force participation, human capital,
inequality, trade, quality of life, and employment rate. 

3. Explain the managerial skills that makes a successful entrepreneur.

 Entrepreneurship involves more than just enthusiasm and a good eye for new
opportunities. Selling or sale management is an essential skill every entrepreneur
must master. They must have the complete know-how of general management,
finance, marketing, operations management and human resources.

4. Provide at least five characteristics of an entrepreneur.

 Creativity
 Professionalism
 Risk-taking
 Adaptability
 Persistence

5. How is the business enterprise organized?

 By creating the framework needed to reach a company's objectives and goals.
LAVILLA, RICKY H.
BSBA FM III

1. Explain one concept of Entrepreneurship.

 Entrepreneurship refers to the concept of developing and managing a business
venture in order to gain profit by taking several risks in the corporate world.
Simply put, entrepreneurship is the willingness to start a new business.

2. Differentiate an ordinary manager and a business entrepreneur.

 Business Entrepreneurs that I know are risk takers and willing to overcome a
great many obstacles to see their business succeed. They are often creative
big vision out of the box thinkers that put great emphasis on achieving their
desired goal. Ordinary managers that I know are responsible for controlling or
administering all or part of a company or similar organization. They help business
entrepreneur to create objectives and goals.

3. What are the challenges in entrepreneurship?

 The new entrepreneur must be a doer and willing to work hard until he achieves
the task he wants for himself
 Personal attention and comprehensive awareness for the progress of the
business is not trusted on other people
 The new entrepreneur must have high sense of integrity that he stands firm on
his principles and ideals
 Emotional stability is an important factor in the making of an entrepreneur
 The built in self-starting mechanism that drives an entrepreneur to success is his
executive ability to manage people and resources

4. How is entrepreneurship is developed?

 Through the people who has knowledge and who strive to fulfill this.

5. Discuss the entrepreneurial management demands.

 The entrepreneur is alert to opportunities and perceptive to make things happen
 The entrepreneur has the health and endurance to work long hours
 The entrepreneur of flexibility and change
 The entrepreneur is self-assured
 The entrepreneur seeks others’ opinion or makes researches