Name: Guendolen H.

Maraño
Course : MBA
Subject : Entrepreneurship 223BM203
Schedule: Every Friday (5:31pm to 8:31pm)

Discuss the following:

1. Outline and discuss the evolution of Entrepreneurship.

Ans: Entrepreneurship has also evolved in terms of location and technology. An entrepreneur
can work from anywhere and with great speed; thanks to internet. Big companies are
widening their workforce to take benefit out of small startups in developing nations.
Entrepreneurs have shaped the face of business and enterprise since the dawn of man. From
the first wheel to the advent of the internet, these clever business people evolved for
centuries into their most recent incarnation, the social media entrepreneur.

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

Ans: We, Filipinos are very creative in such a way can think many ways in order to survive. Whenever
there is an opportunity, we wont miss it.

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

Ans: Our government frequently seek to attract major projects to promote our economic
development, often by means of subsidies, publicly provided infrastructure, and environmental
clearance. Justification for such measures is routinely provided in economic impact statements
indicating the new project will increase regional and national output and employment, which are
taken as proxies for economic welfare. Our country has a mixed economic system that includes a
variety of private freedom, combined with centralized economic planning from the government.

4. Cite and demonstrate the attributes, qualities and characteristics of an entrepreneur.

-Vision and Passion. An entrepreneur must have a very clear vision of his business. ...
-Innovative. One of the main characteristics of entrepreneurship is innovation. ...
-Risk Taker. A risk is an integral part of any new business. ...
-Leader
-Persistent
-Ethical
-Competitive Spirit
-Resilient