Answer briefly the following:

1. When and how do you generate ideas worth pursuing into a business?
2. What is the best way to evaluate business opportunities?
3. What is an idea that is worth a business?
4. Describe the stimulants to creativity
5. Why do you think we have a less developed economy?

Answers:
1. Entrepreneurship is like a gambling game, you are willing to take the risk, an idea that is
worth of pursuing, and a plan that will eventually put you in the map. It is no news that
consolidating a well-designed plan before putting it into action is one of the most
essential steps before getting into any business. Nonetheless, setting the target data to
weather the products or services that involves in that idea of yours is in demand.
According to an entrepreneur article, the best time to peruse a business is where there is a
point of friction, an obvious potential disruption in the market. From there, thinking
outside of the box to establish an idea as means of developing solutions, a business idea
that is set to transcends from want to need. Generating impactful business ideas that
stands out into demonstrating greater good to humanity and facilitate societal
improvement can draw the consumer’s attention, let alone the huge enterprises that
advocates such causes. Such ideas are more likely to set you on the right foot towards
success.

2. When it comes to evaluating business opportunities, acknowledging the market size is,
with no doubt; an important factor to consider before moving forward in any business
opportunity. Other factor must be taken into account but understanding the market and
the dynamics of its function can be very helpful as a stepping stone. weather choosing a
business opportunity that involves a new idea which was has never been introduced in
the market or fill in the scarce of products or services in a certain industry, studying the
market can lay out the facts that will help you call the shot.

3. Coming up with ideas is easy but finding the idea that will make it all way to a business
is the challenge. But the catch is the struggle to make that idea into a succeeding
worthwhile business. An idea that aims to relevantly promotes the benefit and the needs
of the consumer rather than just idea focused for the purpose of personal financial gain.
Thus, ideas that is developed to improve for instance an existing product.

4. Creativity is a fundamental characteristic that’s displayed among entrepreneurs.

Creativity is identified by several environmental stimulants which are the following:
a. Freedom - freedom in deciding what to do or how to accomplish the task; a sense of
control over one’s own work ideas.
b. Good project management - A manager serves as a good role model, is enthusiastic,
has good communication skills, protects the project team from outside distractions
and interference, matches task to workers skills and interests, and sets of clear
direction without managing too tightly.
c. Sufficient resources - Access to necessary resources, including facilities, equipment,
information, funds and people.
d. Encouragement - Enthusiasm for new ideas, creating an atmosphere free of treating
evaluation.
e. Various organization characteristic - A mechanism for considering new ideas, a
corporate climate marked by cooperation and collaboration across levels and
divisions, an atmosphere where innovation is prized and failure is not fatal.
f. Recognition - A general sense that creative work will receive appropriate feedback,
recognition and reward.
g. Sufficient time - Time to think creatively about the problem, to explore different
perspectives rather than having to impose an already-determined approach.
h. Challenge - A sense of challenge arising from intriguing nature of the problem itself or
its importance to the organization (internalized by the individual as a personal sense
of challenge).
i. Pressure - A sense of urgency that is internally generated from competition as a
personal sense of challenge.
j. Outside organization - From a general desire to accomplish something important.

5. I think poverty and inequality in the Philippines stands in the face of prosperity and
hinders overall economic growth compared to other developing countries. Philippines
have had its ups and downs when it comes to its economy status. Unfortunately, the
impact during events of economic expansion has been always limited on the poor.
Hence, increased population rate and inequality across income bracket halts against
developmental efforts in the economic sector. But luckily Philippines is known to
produce the most successful entrepreneur characters and evidently aspires other
Filipinos to pursue which somehow upbeat the economic status.