ENTREP: entrepreneur, entrepreneurship, entrepreneurialism

ANDREW CARNEGIE

- American steel industry in the late 19th century - Industrialist and philanthropist

NINA ELLAINE DIZON

CEO of Collourette Cosmetics

revenue

consists all income before costs

"NOW" oriented

entrepreneur: future oriented ; manager: ____________________

expertise

Entrepreneurs apply their _____________________

managers

Entrepreneurs are _________________

profit

Entrepreneurs are not necessarily motivated by _____________ but regard it as a standard for measuring achievement or success.

money ; people ; business model ; strategy

Entrepreneurs assemble and then integrate all the resources needed - the ______________, the _____________, the ___________________, the ______________ - to transform an invention or an idea into a viable business.

innovation

Entrepreneurs brings _____________________

RICHARD CHARLES NICHOLAS BRANSON

Is an English business magnate and founded virgin

Tony Tan Caktiong

Owner of the fast-food restaurant Jollibee

goods ; services

Products can either be ______________ or ________________

ENTREPRENEURIAL

it is the approach

mañana habit

mamaya na habit

profit

regard it as a standard for measuring achievement or success.

Steve Jobs

the CEO of Apple

cost

the expense you have used to create your product

Jeff Bezos

the founder and CEO of Amazon.

Elon Musk

the founder and CEO of aerospace manufacturer SpaceX.

Jack Ma

the founder of the E-commerce giant Alibaba

Jerry Yang

the founder of the website yahoo.com

1. Desire to be their own boss 2. Desire to pursue their own ideas 3. Financial rewards

the three primary reasons that people become entrepreneurs and start their own firms.

1,200

there are over how many Jollibee stores worldwide?

medium risk

these are calculated risk

Entrepreneur

they are nuts, crazy

Entrepreneur

they have tenacity attitude, not compliant

cash management

this is how you try to circulate/manage the flow of cash

Financial statements

you will see here whether your company gains or losses money.

Eric Barone

Developer of Stardew Valley

entreprendre ; to undertake

Entrepreneurship derived from the French ________________, meaning "__________________"

1. Pakikipagkapwa-tao (HUMAN RELATIONS) 2. Filipinos uphold value of Self-esteem & Good Public image 3. Filipinos are generally ADVENTUROUS 4. Filipinos by nature are COURAGEOUS 5. FILIPINOS ARE NOTED FOR THEIR ABILITY TO WITHSTAND CRISIS

Filipino cultures & values which may boost or hamper Entrepreneurism/Entrepreneurialism (5)

Larry Page

Google co-founder, CEO from 1996-2001 and again in 2011-2015

Jack Ma

He applied 10x in Harvard but got rejected every single time.

Elon Musk

He came up with an idea for a "Mars Oasis" spacecraft

Jack Ma

He started a daughter company Taobao with an intention to become a direct competitor of eBay.

ice cream ; hamburgers ; fried chicken ; spaghetti

Jollibee history Caktiong just started out in selling ________________ in Cubao and Quiapo, until they decided to serve ____________, _______________, and _____________.

Felix Kjellberg

Youtuber known as Pewdipie

alienation

_________________ drives entrepreneurial pursuits

Entrepreneur

is someone who can make something out of nothing

entrepreneurship

is the art of turning an idea into business

profit

is what remains of income after costs

ENTREPRENEURSHIP

is what the entrepreneur actually does

entrepreneurial process

is where the venturers are engaged in

Macro view

- The Financial/Capital School of Thought Based on the capital-seeking process - the search for seed and growth capital.

yourself

ADVANTAGES OF BECOMING AN ENTREPRENEURS Have the opportunity of knowing ___________________ better

well-off

ADVANTAGES OF BECOMING AN ENTREPRENEURS Have the opportunity to be financially ____________________

destiny

ADVANTAGES OF BECOMING AN ENTREPRENEURS Have the opportunity to create your own _______________

excel

ADVANTAGES OF BECOMING AN ENTREPRENEURS have the opportunity to _______________, be recognized and contribute to society

PAUL POLMAN

The CEO of Unilever, from 2009 to 2019

Elon Musk

creator of Paypal

achieve ("invasion")

entrepreneur: ________________ ; manager: attain targets

micro view

factors that are specific to entrepreneurship

Steve Jobs

he launched NeXT Computer co. and develop another company which is the Pixar Animation Studios

Jeff Bezos

he owns a rocket company 'Blue Origin' and 'Washington Post' newspaper

1. Greenwich 2. Chowking 3. Red Ribbon 4. Mang Inasal 5. Burger King 6. Dunkin' Donuts 7. Hard Rock Cafe

7 other stores that Jollibee acquired

GARY VAYNERCHUCK

Belarus American

Elon Musk

CEO of electric car manufacturer Tesla, Inc.

self-reliance

CHARACTERISTICS OF AN ENTREPRENEUR They greatly value ________________

medium risk

CHARACTERISTICS OF AN ENTREPRENEUR always favor challenges of ____________________________

optimistic

CHARACTERISTICS OF AN ENTREPRENEUR highly _____________

excellence

CHARACTERISTICS OF AN ENTREPRENEUR strive for distinction through _________________

MONEY abd LUCK

COMMON MYTHS ABOUT ENTREPRENEURS All entrepreneurs need is ____________________

doers

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurs are ___________, not thinkers

born

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurs are ______________, not made

academic

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurs are _______________ and social misfits

investors

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurs are always __________________

profile

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurs must fit the "______________"

chaotic

COMMON MYTHS ABOUT ENTREPRENEURS Entrepreneurship is unstructured and ________________

risk takers

COMMON MYTHS ABOUT ENTREPRENEURS entrepreneurs are extreme ____________________

fail

COMMON MYTHS ABOUT ENTREPRENEURS most entrepreneurial initiatives ____________

bantay bata 163

CSR program of ABS CBN

SOCCORO CANCIO RAMOS

Chairman and founder of National Bookstore

JOSE MAGSAYSAY

Co-founder and CEO of potato corner

WALTER ELIAS DISNEY

Co-founder of Walt Disney Productions

problem-finder

Entrepreneur : _____________ ; manager : problem - solver

takes risks

Entrepreneur : _______________ ; manager : seeks stability

custodian

Entrepreneur : creator ; Manager : _________________

pre-active

Entrepreneur : pro-active ; Manager : ________________

congruent

Entrepreneur sees vision that is not necessarily _____________ to what the rest of the world sees.

merely committed

Entrepreneur: personally committed ; manager: _____________________

wealth

Entrepreneurs create new ____________ and generate value

ventures

Entrepreneurs establish new _________________ and develops the existing ones

failure

Entrepreneurs have no fear of _________________

opportunities

Entrepreneurs identify ____________________ in the market

investment return

Entrepreneurs maximize _____________________________

ventures

Entrepreneurs own ______________

market information

Entrepreneurs process __________________________________

Market

Entrepreneurs provide ________________ efficiency

leadership

Entrepreneurs provide __________________

risks

Entrepreneurs take and accept _____________

Elon Musk

He wants to launch people to Mars, establish a self-sustaining city there

Entrepreneur

Is someone who exercise initiative by organizing a venture to take benefit of an opportunity and as the decision maker, decides what, how and how much of a good or service will be produced.

1) Extreme personalism 2) Extreme family-centeredness 3) Lack of Discipline 4) Passivity & lack of initiative 5) Colonial mentality 6) Kanya-kanya syndrome 7) Lack of self-analysis & self-reflection

STILL OTHER GOOD TRAITS & VALUES THAT FILIPINOS MUST STRENGTHEN (7)

Christian Cheng

Secret Fresh owner

Apollo or Paolo Tomenes

Signified as "Ukay King"

1. political displacement 2. cultural displacement 3. economic displacement

· The Displacement School of Thought what are the three displacements in macro view

micro view

· The Entrepreneurial Trait School of Thought Focuses on identifying traits common to successful entrepreneurs. - replicating means success.

micro view

· The Entrepreneurial Trait School of Thought Focuses on the nurturing and support that exists within the home atmosphere.

Macro view

· The Environmental School of Thought Considers the external factors that affect a potential entrepreneur's lifestyle.

Macro view

· The Environmental School of Thought Institutions, values, morals that mold entrepreneurship