02 ACTIVITY 2

Entrepreneurs and Value Creation

Name: Prince Al G. Mabini Subject: The Entrepreneurial Mind

Year & Section: BSTM311 Date: September 25, 2023

Instructions: In 800 words, answer the questions below using a narrative or essay
format. (20 points)

• In your opinion, how does value creation affect entrepreneurship?

Answer:
Entrepreneurs are influenced by value creation to think more creatively about how
to make things that can benefit society. Due to the fact that creativity now serves
as the foundation for determining how much to charge for goods, there is a chance
in the field of entrepreneurship to develop novel solutions that can generate
revenue. Entrepreneurs will face a difficult problem in thinking creatively about
how to improve a product while taking the consumers' ability to pay into account.

• Will you aspire to have a business that creates value for society or a company that
makes value for the shareholders? Why?
Answer:
Because they are my consumers, I would much rather have a company that adds
value to society than one that only benefits shareholders. As a businessperson, I
should consider how to market my goods in a way that also revolutionizes the
status quo of social behavior. An entrepreneur should prioritize finding answers to
problems while starting a business. Nowadays, people emphasize goods over
leisure, thus it will be difficult for an entrepreneur to make a difference in finding a
solution.