Professional Documents
Culture Documents
Profit – is the money a business makes after accounting for all the QUALITIES OF SUCCESSFUL ENTREPRENEUR
expenses.
- negotiating skill
TYPES OF ENTREPRENEURS How long does it take to find Potential Markets?
1. INNOVATIVE ENTREPRENEURS have the ability to think You need to spend a vast amount of time looking for potential markets
newer, better, and more economical ideas for all your products and you need to keep looking for new markets
every year.
2. IMITATING ENTREPRENEURS – these are people who follow
the path show by innovative entrepreneurs 5 ELEMENTS TO DETERMINE POTENTIAL MARKET
CAREER OPPORTUNITIES IN ENTREPRENEURSHIP Refers to the percentage increase or decrease in the total market size
over a specified period. It is a crucial metric for businesses and
1. Business Consultant investors to assess the health and potential of a market.
2. Teacher
3. Researcher
4. Sales Manager
PROFITABILITY
5. Business Reporter
Determining and forecasting your profitability is important to
understand the market potential. If the business is going to give low
ENTREPRENEURSHIP LESSON 3 profitability, then the volumes need to be high (ex. Fmcg products) or if
the business is going to give low volumes, then the profit needs to be
higher (ex. Industrial goods).
Lesson 3: Recognize Potential Market
Calculation of profitability to determine market potential can use four
POTENTIAL MARKET
main elements
A potential market is a group of consumers that show some level of •ROI –Return on Investment
interest in a market offer.
•ROS –Return on Sales
A potential market is the part of the market you can capture in the
future. •RONA –Return on Net Sales
It includes people that are not buying to you today but could potentially •ROCE –Return on Capital Employed
become customers.
COMPETITION
They might buy new products you have not made yet, or they might buy
Competition is the act or process of trying to get or win something Five
products that you will improve or market or brand more effectively
forces competing in the industry:
later.
•Buyers
How do you identify a potential market?
•Potential new entrants
You have to identify the potential market with your current audience.
To do this, you must go outside the current audience and look for •Rivalry among existing firms
people who are certain age, certain sex, and certain socioeconomic
status and examine their certain needs. •Substitute products
The potential market is something that you can look forward to in the PRODUCT AND CONSUMER TYPE
future, and it is a market that will surely make future money if you are •Is your product a repeat buying product or one time sale only?
focused on it.
•How frequently is your product going to be bought again?
How many types of Potential Markets are there?
•Is your product completely new in the market? How likely is the
There are infinite types of potential markets. customer to accept and adopt the same and what are the hurdles to be
faced in product adoption?
You will find one everytime you come up with a new type of customer
that you want to sell to and you need to make sure that you have
thought of all of them before you move forward.
DISASTER RISK AND REDUCTION
Volcanic Eruption - When lava and gas are discharged from a volcanic
vent.
Man made Disaster - Caused by man are those in which major direct
causes are identifiable intentional or non-intentional human actions.
Disaster
- is "a sudden, calamitous occurrence that causes great harm, injury, Classification of Disasters:
destruction, and devastation to life and property”.
Disasters can be divided into 2 large categories:
- It disrupts the usual course of life, causing both physical and
emotional distress such as an intense feeling of helplessness and A. Natural Disasters – a natural phenomenon is caused by natural
hopelessness. forces, such as earthquakes, typhoon, volcanic eruptions, hurricanes,
- A preceding definition of disaster stresses that two elements are fires, tornados, and extreme temperatures. They can be classified as
affected – life (whether human or animal) and property. The rapid onset disasters and those with progressive onset, such as droughts
effects vary – it maybe a minor damage (like broken windows that lead to famine. These events, usually sudden, can have tremendous
and doors), major damage (like torn rooftops, collapsed walls), effects.
total destruction (like completely destroyed houses and structures
rendering them useless and inhabitable) and the worst scenario, it B. Man-made - Disasters caused by man are those in which major
can lead to death. (Asian Disaster Preparedness Center, direct causes are identifiable intentional or non-intentional human
ADPC, 2012) actions.
• According to the Food and Agriculture Organization 1.Technological/industrial disasters - Unregulated industrialization
(FAO, 2008), disaster is “a serious disruption of the and inadequate safety standards increase the risk for industrial disasters.
functioning of a community or a society involving
widespread human, material, economic or environmental EXAMPLE: leaks of hazardous materials; accidental explosions; bridge
losses and impacts, which exceeds the ability of the affected or road collapses, or vehicle collisions; Power cuts
community or society to cope using its own resources”.
2.Terrorism/Violence - the threat of terrorism has also increased due to
• The United Nations International Strategy for Disaster the spread of technologies involving nuclear, biological, and chemical
Reduction defines disaster as a serious disruption of the agents used to develop weapons of mass destruction.
functioning of a community or a society involving
widespread human, material, economic or environmental EXAMPLE : bombs or explosions; release of chemical materials;
losses and impacts, which exceeds the ability of the affected release of biological agents; release of radioactive agents; multiple or
community or society to cope using its own resources. massive shootings; mutinies
• Disasters are often a result of the combination of: the 3.Complex humanitarian emergencies - the term complex emergency
exposure to a hazard; the conditions of vulnerability that is usually used to describe the humanitarian emergency resulting from
are present; and insufficient capacity or measures to reduce an international or civil war. In such situations, large numbers of people
or cope with the potential negative consequences. are displaced from their homes due to the lack of personal safety and the
disruption of basic infrastructure including food distribution, water,
• Its impacts may include loss of life, injury, disease and other electricity, and sanitation, or communities are left stranded and isolated
negative effects on human physical, mental, and social in their own homes unable to access assistance.
wellbeing, together with damage to properties, destruction of
assets, loss of services, social and economic disruptions, and EXAMPLE: conflicts or wars and Genocide the deliberate killing of a
environmental degradation. large group of people, especially those of a particular ethnic group.
Disaster risk has three important elements such as: 4.Poverty and Inequality - Impoverished people are more likely to live
in hazard exposed areas and are less able to invest in risk-reducing
1.Exposure - the “elements at risk from a natural or man-made hazard measures. The lack of access to insurance and social protection means
event (Quebral, 2016). that people in poverty are often forced to use their already limited assets
to buffer disaster losses, which drives them into further poverty. Poverty
2.Hazard -a potentially dangerous physical occurrence, phenomenon or is therefore both a cause and consequence of disaster risk (Wisner et al.,
human activity that may result in loss of life or injury, property damage, 2004), particularly extensive risk, with drought being the hazard most
social and economic disruption, or environmental degradation. closely associated with poverty (Shepard et al., 2013).
3.Vulnerability - the condition determined by physical, social, The impact of disasters on the poor can, in addition to loss
economic and environmental factors or processes, which increase the of life, injury and damage, cause a total loss of livelihoods,
susceptibility of a community to the impact of hazard (Food and displacement, poor health, food insecurity, among other consequences.
Agriculture Organization of the United nation, FAO 2008). Vulnerability is not simply about poverty, but extensive research over
the past 30 years has revealed that it is generally the poor who tend to
The following are also taken into consideration when risk factors suffer worst from disasters (DFID, 2004; Twigg, 2004; Wisner et al.,
underlying disaster are involved: 2004; UNISDR, 2009b).
Severity of exposure - which measures those who experience
disaster firsthand which has the highest risk of developing future
mental problems, followed by those in contact with the victims 5.Poorly planned and Managed Urban Development - A new wave
such as rescue workers and health care practitioners and the of urbanization is unfolding in hazard-exposed countries and with it,
lowest risk are those most distant like those who have awareness new opportunities for resilient investment emerge. People, poverty, and
of the disaster only through news. disaster risk are increasingly concentrated in cities.
Gender and Family - the female gender suffers more adverse
effects. This worsens when children are present at home. Marital The growing rate of urbanization and the increase in
relationships are placed under strain. population density (in cities) can lead to creation of risk, especially
Age - adults in the age range of 40-60 are more stressed after when urbanization is rapid, poorly planned and occurring in a context of
disasters but in general, children exhibit more stress after disasters widespread poverty. Growing concentrations of people and economic
than adults do. activities in many cities are seen to overlap with areas of high-risk
Economic status of country - evidence indicates that severe exposure.
mental problems resulting from disasters are more prevalent in
6.Weak Governance - weak governance zones are investment
developing countries like the Philippines. Furthermore, it has been
environments in which public sector actors are unable or unwilling to
observed that natural disasters tend to have more adverse effects
assume their roles and responsibilities in protecting rights, providing
in developing countries than do man caused disasters in developed
basic services and public services. Disaster risk is disproportionately
countries.
concentrated in lower-income countries with weak governance
Factors which underlie disasters: (UNISDR, 2015a).
Disaster risk governance refers to the specific arrangements that
societies put in place to manage their disaster risk (UNISDR, 2011a;
UNDP, 2013a) within a broader context of risk governance (Renn, 2008
in UNISDR, 2015a). This reflects how risk is valued against a backdrop
of broader social and economic concerns (Holley et al., 2011).
ANO ANG PAGSULAT?
Lesson 1:
Art
Traditional vs Contemporary
- It is the expression or application of human creative skill and
imagination, producing works to be appreciated primarily for their
beauty or emotional power.
- It is a form of creative activity such as painting, music, literature,
and dance.
Arts in History
An Overview of the Contemporary Arts in the Different Regions of
the Philippines