SSP Lecture 4 (The Philippine Environment for Entrepreneurship)
Understanding the Business Environment
- Essential for business entrepreneurs - Operates a very dynamic environment - Affected by different factors
Filipino Entrepreneural Economy
- Free enterprise or maket economy - Individuals are risk-takers - One of the national government's main thrust is the creation of the spirit of entrepreneurship among the poor.
No. of Employees in Micro Enterprise
1-9
Views on competition
Entrepreneurs are not afraid of competitors
Employment Generation
Growing number of business
Utilization of local resources
Handicraft industry
Flexibility and lower capital cost per job
If you want to expand it or closed it, you can also easily do so.
Attitude towards money
Invest it in a productive activity like a small business.
AFTA
Laid out a comprehensive regional tariff reduction
Total Assets of Medium Enterprises
₱15,000,001 - ₱100,000,000
Total Assets of Micro Enterprises
₱3,000,000 or less
Total Assets of Small Enterprises
₱3,000,001-₱15,000,000
Distribution of income
MSMEs employ people, so as income
Seedbed for Entrepreneurs
MSMEs serve as _____
APEC
Premier in facilitating economic growth, cooperation, trade and investment
1. World Trade Organization 2. Association of Southeast Asian Nations 3. ASEAN Free Trade Area 4. Asia Pacific Economic Cooperation
1. WTO 2. ASEAN 3. AFTA 4. APEC
No. of Employees in Small Enterprise
10-99
No. of Employees in Micro Enterprise
100-199
Conferment of social ranks
A culture that encourages entrepreneurship
Major Challenges and Issues for Philippines MSMEs
A. Competition in export markets B. Existence of small domestic markets and limited local market C. Need for imported parts and materials D. Lack of essential management techniques E. Barriers to starting up businesses F. Limited economic activities at the local level
ASEAN (Association of Southeast Asian Nations)
Accelerate economic growth, social progress, and cultural development
Work Ethics
Culture with good work ethics mirror
Niche Sevices
Small business that are seasonal or those that are not always needed
Export earnings
The Philippines is one of many countries that export raw materials to other countries
Time Orientation
The entrepreneur is time conscious or always thinking about the right timing
WTO
To assure that trade flows as smoothly, prdictablyand freely as possible