3 filipino entrepeneur

1. Henry Sy. As a child, Henry Sy used to work twelve hours a day to help his father run their small family-owned convenience store. During the Second World War, their store was looted and burned so the young Sy switched to buying whatever he could to sell for a profit. Hard times and a humble background in retail shaped and molded the young Sy. Today, he is touted by the business community as the richest man in the Philippines. With over fifty malls and stores of various sizes, the most recognized of all famous Filipino businessmen has foothold in virtually all the major cities in the Philippines. They recently even expanded to Guam and China. To date, three of the ten largest malls in the world are owned and operated by his company.
2. Lucio Tan. Lucio Tan worked as a janitor in a cigarette factory. After a few promotions, he eventually resigned and started his own tobacco company. His tobacco company grew to capture a 60% share of the Philippine market. With its strong revenues, Tan was able to diversify. This famous Filipino businessman now owns several prominent Philippine companies, many of which are blue-chippers.  Among the top businessmen, Tan is arguably the most enigmatic.  Among his contemporaries, he is probably accessible and prefers to stay out of the limelight.
3. John Gokongwei. Another self-made man is John Gokongwei who lost his father at the age of thirteen. He had to work hard to help support his family by selling simple products like candles, soap and thread in a small local market and was able to expand to sell more lucrative products. He did this for many years until he ventured into the profitable instant coffee business. Nescafe of Nestle was the only instant coffee readily brand readily available so he focused on developing his own brand of instant coffee – Blend 45. His company did incredibly well and generated enough profits to develop other brands. Almost all of the famous Filipino food and beverage brands Gokongwei created are now market leaders in their respective categories. He eventually made his way in the local retail industry by building and running his own chain of successful shopping malls.

CAN YOU APPLY IT NOW? page.20

      Q: Identify the entrepreneurial characteristics that helped Carla succeed in her business?

   A: She never gives up about thinking that her business will not be ignored by people. She have her own      originality that make the costumers like her designs, she also believes in the saying ''honesty is the best policy'' that make her costumers respect her.

Can You Understand? Page.15

1.
Characteristics/qualities of a successful entrepreneur
Qualities or Personal Entrepreneurial Characteristics (PEC) of successful entrepreneurs refer to the desired traits, which enable an entrepreneur to do what is expected of him/her and succeed in business. It is the combination of these characteristics that is required to enable any one to perform effectively as an entrepreneur. It is possible for people to develop these characteristics and succeed in their careers as entrepreneurs. Successful entrepreneurs have common characteristics, which are divided into three clusters namely achievement, planning and power.

1. Achievement Cluster

Opportunity seeking

This refers to the quality that enables the entrepreneur to see and act upon new business opportunities even in situations where other people see nothing but problems/hopelessness only. It also encourages him/her to seize unusual opportunities for obtaining the necessary resources such as financing, equipment, land, workspace, technical assistance, etc, which will enable him/her to implement his/her business ideas.

Commitment to the work contract

This is the ability to accept final responsibility for completing a job for the customers. Customers expect entrepreneurs to perform and honour their commitments. It follows therefore that the entrepreneur should do everything possible to ensure that he/she fulfils the commitment with his/her customers. It means joining the workers to work with them to ensure that contractual commitments are fulfilled, the entrepreneur will do it.

Persistence

This is the quality, which enables the entrepreneurs to develop determination to have a thorough job done at any cost in terms of personal sacrifice. By doing this, the entrepreneur remains working towards the achievement of his/her set goals.

Risk taking

Entrepreneurs are people who prefer taking moderate risks. Before they commit themselves and their resources, they assess the risks that are associated with a business opportunity that they have selected, and their ability to manage them, the benefits that they will realise and the challenges that they will face from the venture to be undertaken.
Entrepreneurs can earn profits as a result of taking risks and the higher the risks, the higher the profits. However, entrepreneurs will always prefer to take on those risks that they can manage.

Demand for efficiency and quality

This is the quality that enables an entrepreneur to do things that meet or surpass existing standards of excellence or improve on performance by striving to do things faster, better and cheaply. By doing this, the entrepreneur remains ahead of others, makes more profits and retains a growing market share.

2. Planning Cluster

The planning cluster is made up of the following characteristics:

Goal setting

This refers to the ability of an entrepreneur to set clear and specific goals and objectives. These goals and objectives are normally high and challenging but at the same time, realistic and can be attained, given the resources that one has got at his/her disposal.

Information seeking

This is having the urge to look for the required information in order to make an informed decision, for example, selecting, starting and successfully managing the desired business. This calls for the concerned person to personally seek and obtain information regarding customers, suppliers, competitors as well as any other relevant information that is required to enable the entrepreneur make decisions and improve knowledge on his/her business.

Systematic planning and monitoring

This is the ability to develop plans that will be used in monitoring and evaluating the progress of the business. This helps the entrepreneur to carefully monitor his/her business’ actual performance against desired performance and turn to other alternatives whenever the need arises; so as to achieve his/her set goals.

3. Power Cluster

Persuasion and networking

This is the ability to link, convince and influence other individuals, agencies and other groups in order to maintain business contacts at a high level. This will help or work for the cause of the business in a positive manner to accomplish own objectives.

Self-confidence

This refers to having a strong belief or confidence in oneself and the ability to complete a difficult task or meet a challenge.

Student Activity 4

1. Name the various characteristics of an entrepreneur and list these characteristics on a board or flip chart.

2. Draw a picture showing an entrepreneur. [I.e. the picture could be of anything (a person, a tree, etc.), but should show as many characteristics of an entrepreneur as possible.]

3. Interpret your completed picture to other people explaining the characteristics being potrayed.

6. Think about how you might demonstrate some of the entrepreneurial characteristics in school work, extra-curricular activities, or part-time job.

7. Record your personal entrepreneurial characteristics in your exercise books.

Reflection

Try to discover that you may have many of the characteristics of the entrepreneur they you potrayed in your picture(s).

Checklist: Characteristics of an entrepreneur

Self-confident	Independent
Determined	Able to make decisions
Versatile	Able to take calculated risks
Achievement-oriented	Resourceful
Energetic	Able to lead
Efficient	Goal-oriented
Impatient	Optimistic
Competitive	Responsible
Eager to learn	Responsive to change
Flexible	Perceptive
Initiative-taker	Responsive to criticism

   2.        

   Successful entrepreneurs are people who accomplish things. They have what psychologists call the  "need      to achieve." They want to perform tasks excellently not only for the prestige or money but for the sake of excellence itself. When entrepreneurial individuals work on something, they like to know afterwards that it was a job well done and this alone is enough to make them happy.

Entrepreneurs shun routine tasks-those that involve doing the same thing over and over again. They like to innovate or approach situations in new and better ways all the time.
Achievers rate high in the following PECs: opportunity-seeking, commitment to the work contract, persistence, risk-taking, and demand for quality and efficiency.

Enricnhment Activity, Page.10

                                           If I were an enterprenaur, I would be
                                            in the reastaurant business because
                                        I want to help serving people of my own
                                            made and original recipes.

assingment no.3 PEC's

Personal Entrepreneurial Competencies (PECs)

For reference, I'm posting here the ten Personal Entrepreneurial Competencies (PECs) which seems to be used in the Business Technology/Entrepreneurship programs of the Technology and Livelihood Education (T.L.E.) subject.

The original research by McClelland and McBer identified 14 PECs; the EMPRETEC [a UN program for small businesses; from the Spanish words emprendedores (entrepreneurs) and tecnología (technology)] clustered these into just 10:

Achievement Cluster
I. Opportunity Seeking and Initiative
* Does things before asked or forced to by events
* Acts to extend the business into new areas, products or services
* Seizes unusual opportunities to start a new business, obtain financing, equipment, land work space or assistance

II. Risk Taking
* Deliberately calculates risks and evaluates alternatives
* Takes action to reduce risks or control outcomes
* Places self in situations involving a challenge or moderate risk

III. Demand for Efficiency and Quality
* Finds ways to do things better, faster, or cheaper
* Acts to do things that meet or exceed standards of excellence
* Develops or uses procedures to ensure work is completed on time or that work meets agreed upon standards of quality

IV. Persistence
* Takes action in the face of a significant obstacle
* Takes repeated actions or switches to an alternative strategy to meet a challenge or overcome an obstacle
* Takes personal responsibility for the performance necessary to achieve goals and objectives

V. Commitment to the Work Contract
* Makes a personal sacrifice or expends extraordinary effort to complete a job
* Pitches in with workers or in their place to get a job done
* Strives to keep customers satisfied and places long term good will over short term gain

Planning Cluster
VI. Information Seeking
* Personally seeks information from clients, suppliers or competitors
* Does personal research on how to provide a product or service
* Consults experts for business or technical advice

VII. Goal setting
* Sets goals and objectives that are personally meaningful and challenging
* Articulates clear and specific long range goals
* Sets measurable short term objectives

VIII. Systematic Planning and Monitoring
* Plans by breaking large tasks down into time-constrained sub-tasks
* Revises plans in light of feedback on performance or changing circumstances
* Keeps financial records and uses them to make business decisions

Power Cluster
IX. Persuasion and Networking
* Uses deliberate strategies to influence or persuade others
* Uses key people as agents to accomplish own objectives
* Acts to develop and maintain business contracts

X. Independence and self-confidence
* Seeks autonomy from the rules or control of others
* Sticks with own judgement in the face of opposition or early lack of success
* Expresses confidence in own ability to complete a difficult task or meet a challenge

assignment no. 2 PARACHUTE

Credit for the invention of the first practical parachute frequently goes to Sebastien Lenormand who demonstrated the parachute principle in 1783. However, parachutes had been imagined and sketched by Leonardo Da Vinci (1452-1519) centuries earlier.

Faust Vrancic - Homo Volans

Other early inventors designed parachutes, including Croatian Faust Vrancic who constructed a device based on Da Vinci's drawing. Faust Vrancic jumped from a Venice tower in 1617 wearing a rigid-framed parachute. Faust Vrancic published Machinae Novae, in which he describes in text and picture fifty-six advanced technical constructions, including Vrancic's parachute called the Homo Volans.

Jean Pierre Blanchard - Animal Parachute

Jean Pierre Blanchard (1753-1809) a Frenchman was probably the first person to actually use a parachute for an emergency. In 1785, he dropped a dog in a basket, to which a parachute was attached, from a balloon high in the air.

First Soft Parachute

In 1793, Blanchard claims to have escaped from an exploded hot air balloon with a parachute. However, this was an unwitnessed event. Blanchard, it should be noted, did develop the first foldable parachute made from silk, up until that point all parachutes were made with rigid frames.

homework

page 6
what does it take to be an entrepreneur
james characterisitcs- independent
                                hardworking
                                creative
                                perseverance
                                wise
page 8
enumerate marie's characteristics that helped her become a succesful entrepreneur.

Marie- hardworking
            creative
            independent
            persistance

a.what are the similarities between the stories of james and marie?
-they are both hardworking,creative, and independent on their things that they do.

b. how did their educational training differ?
-james grew up in a poor family and build her own business while marie was attending horticulture classes and she was interested in an interior plants consultant.

c.what made marie's business somewhat risky at first? how did she feel about it?
-when she saw the demand for professional care for indoor plants,which the shop did not offer. she feel sad or confused about it.

d. what common traits did Marie and James have that helped them succeed as entrepreneurs?
-even they knew that they'll have not have a chance they keep doing it.

page 10
if you were an entrepreneur, what particular business would you be? why?

- If I were an entrepreneur, I would be in the real estate business because I want to have restaurants and resortss someday.

high school life

wew its fun being a high school student yet its hard making friends with new classmates :]