Republic of the Philippines

CAMARINES SUR POLYTECHNIC COLLEGES

Nabua, Camarines Sur

College of Tourism, Hospitality and Business Management

Barreda, Kim Patricia P.

BSTM 3A

THC 1110 - ENTREPRENEURSHIP IN TOURISM AND HOSPITALITY

Read the following questions carefully. Write your answer based on the

given rubrics.

1. Define entrepreneurship. Discuss certain areas why entrepreneurs are needed in this

modern time?

Entrepreneurship is the process of creating, launching, and managing a business venture, typically with a high
degree of innovation and risk-taking. Entrepreneurs are individuals who identify opportunities, gather resources,
and take calculated risks to bring new ideas, products, or services to the market. This are the certain areas that
entrepreneurs needed. Innovation Entrepreneurs are the driving force behind innovation, constantly pushing
boundaries and introducing new ideas, products, and services that improve people’s lives and drive economic
growth. And Economic Growth entrepreneurship stimulates economic growth by fostering competition, increasing
productivity, and driving technological advancements. It promotes efficiency by reallocating resources to their
most productive uses.

2. Enumerate several typical characteristics of entrepreneurs. Do these shared traits

ensure success among entrepreneurs? Justify your response.

These characteristics are often associated with successful entrepreneurs, having them does not guarantee
success on its own. Success in entrepreneurship is influenced by various factors. This are the several typical
characteristics of entrepreneurs include: The Risk-taking where the entrepreneurs are often willing to take
calculated risks in pursuit of their goals, understanding that success may involve stepping into the unknown. Their
Vision where successful entrepreneurs have a clear vision of their goals and a strategic plan for achieving them.
They can foresee opportunities and trends that others may overlook. Their Innovative Thinking where
entrepreneurs are creative thinkers who can generate novel ideas, solutions, and products. They thrive on finding
unique and effective ways to address challenges . And lastly the adaptability where entrepreneurs have the ability
to adapt to changing circumstances is crucial for entrepreneurs. They must navigate uncertainties, learn from
failures, and adjust their strategies as needed.
 Republic of the Philippines
CAMARINES SUR POLYTECHNIC COLLEGES
Nabua, Camarines Sur

College of Tourism, Hospitality and Business Management