1. Outline and discuss the Evolution of Entrpreneurship.

EARLY PERIOD: The most punctual meaning of the business person as a go-

between is Marco Polo. He attempted to build up shipping lane to the Far
East. He used to sign an agreement with an investor to sell his products. The
entrepreneur was the danger conveyor. The trader globe-trotter played the
job of exchanging. After his fruitful selling of products and finishing his
excursions, the benefits were shared by the industrialist and the vendor.

MIDDLE AGES: The term business visionary was alluded to an individual who

was overseeing enormous activities. He was not facing any challenge however
was dealing with the tasks utilizing the assets gave. A model is the priest who
is accountable for extraordinary design works like palaces, public structures,
churches and so on.

17th CENTURY:A business visionary was an individual who went into a legally
binding course of action with the Govt. to play out an assistance or to supply a
few products. The benefit was taken (or misfortune was borne) by the business
person.

18th CENTURY:It was Richard Cantillon, French Economist, who applied the
term business person to business interestingly. He is viewed by some as the
originator of the term. He characterized a business visionary as an individual
who purchases factor administrations at specific costs so as to sell them at
dubious costs later on.

19th CENTURY:The business visionaries were not recognized from directors.

They were seen for the most part according to the financial point of view. He
faces challenge, contributes his own drive and abilities. He designs, sorts out
and drives his venture.

20th CENTURY:During the mid twentieth century Dewing compared the

business visionary with business advertiser and saw the advertiser as one who
changed thoughts into a beneficial business. It was Joseph Schumpeter who
portrayed a business visionary as a pioneer. As indicated by him a business
person is a pioneer who creates untried innovation.

21th CENTURY: Exploration Scientists live De Bone brought up that it isn't

generally significant that a singular thinks of an altogether novel plan to be
called a business visionary, yet in case he is increasing the value of the current
item or administration, he can properly be called a business person.

2. Describe the challenges and opportunities of the Filipino Entrepreneurs.

3. Describe the characteristics and nature of the Philippine Economy.

4. Cite and demonstrate the Attributes, Qualities, and Characteristics of an

Entrepreneur.

 Consumerist-Ph economy heavily relies on consumerism. The points below will

help explain why. One thing to note for now is that this is a country with more
than 100 million residents. This means that businesses that are the most
population based are the ones that flourish too (e.g SM- the largest chain of
shopping mall in the country, Jollibee- a fast food chain whose main publicity
strat is geared specifically towards families and kids)
 Relatively protectionist
-Ph constitution has a 60:40 rule in terms of foreign ownership. This means that
although Ph is now being branded as the rising tiger of Asia, its FDA or foreign
direct investment still remains one of the lowest amongst the South East Asia
 Heavily unequal
-About 80% of the country’s GDP make up the wealth of the 40 richest families in
Ph
 Reliant on Income from Abroad
-10% of Ph’s gross income comes from Abroad (NFIA), directly from its hard
working wage owners
 Service Sector Heavy