Name: Ricky A.

Feliciano Date: 4/23/2022

V072- BST-3 BLOCK1

Entrepreneurship in Tourism in Hospitality

Assignment:
1. What is Tourism entrepreneur?
Answer: A 'tourism entrepreneur' may be defined as a person or a group of persons producing
and managing tourism products. In this process the entrepreneur must have the commonly
prescribed entrepreneurial traits along with service sector specialties. In this context, its
connection with entrepreneurship takes into account the economic development of tourist
areas, aims to create new sustainable businesses by increasing the capacity and willingness of
enterprises to develop, organize a business, to manage risk and profit.
2. Why entrepreneurship play a vital part in transforming the supply of leisure and
recreational opportunities?
Answer: Entrepreneurship takes the economy and the society to the state of progress and
prosperity. New businesses can create new jobs and therefore will increase the employment
rate of the nation. This will also generate income to the entirety of the nation. Free time is time
spent away from the business, work, job hunting, domestic chores and education. It also
excludes time spent on necessary activities such as eating and sleeping. From a research
perspective, this approach has the advantages of being quantifiable and comparable over time
and place. Leisure as experience usually emphasizes dimensions of perceived freedom and
choice. It is done for “its own sake”, for the quality of experience and involvement.
3. Give at least 3 example of hospitality or tourism entrepreneurs in the philippines and state
the name of their business, it’s products and services.
Answer:

Philippine Entrepreneur
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. Mariano Que

Mercury Drugstore

Mariano Que first worked in a drugstore. When he was given the opportunity, he
invested his 100 pesos in the sulfathiazole tablets. He sold his products to the people by making
use of the wooden pushcart. After saving a lot of money, he was able to built Mercury. It was
made known to the people as selling safe medicines and opened for 24/7. Mercury, like any
other leading drug store, had many stores nationwide. That was because of the innovations he
made in his products.
State Entrepreneur

1. Andrew Carnegie

Andrew Carnegie was an American entrepreneur who actually immigrated from

Scotland. Born into the lower class, Carnegie and his family immigrated to Pennsylvania, where
they lived a better lifestyle. Carnegie later founded the Carnegie Steel Company, growing it to
become one of the largest companies in U.S. history. In addition to the success of his company,
Carnegie became a very successful angel investor. Using the money made through his steel
company, he invested in various car companies, messenger services, and land that contained
oil reserves. Upon his death in 1919, Carnegie had an estimated net worth of $350 million,
which, in 2021 dollars, would be worth nearly $5.5 billion.

2. Henry Ford

Unlike Andrew Carnegie, Henry Ford was a natural-born citizen who grew up in
Michigan. Born into a family that originated from England and Ireland, he was well off, though
not wealthy. Ford was a hard-working man and eventually completed an apprenticeship with
the Detroit Dry Dock Company. In 1891, he met with Thomas Edison and told him about his
concept of the automobile. Edison liked the idea and let Ford use his warehouse to develop
and manufacture two prototypes. Using the prototypes, Ford soon founded the Detroit
Automobile Company. The company was short-lived, however, since the product did not meet
Ford's standards. He went on to found the Cadillac Motor Car Company, which also failed,
before starting the Ford Motor Company for which he is famous. His third attempt at a car
company made him very successful, and the company remains a going concern with annual
sales of over $127.1 billion.

3. Bill Gates

Bill Gates, one of the most well-known American technology entrepreneurs, is the
fourth-richest person in the world with a net worth of over $133 billion as of Dec. 5,
2021.7  Gates grew up in Seattle, Wash., and began tinkering with personal computers at an
early age with friends such as Paul Allen. Showing a ton of aptitude and promise, Gates
enrolled in Harvard, where he met Steve Ballmer before dropping out to start Microsoft. 8

Gates, with the help of Allen, Ballmer, and others, built Microsoft, now valued at over a trillion
dollars based on its market capitalization, making it one of the world's largest and most
influential tech companies.9  In 2020, Gates stepped down from the board of Microsoft, to
focus his personal efforts on the Bill & Melinda Gates Foundation.