Academia De Santiago of Tarlac Inc.

Phase II Rowland subd. Binauganan Tarlac City.

WRITTEN REPORT:

PROMOTING ENTREPRENEURSHIP IN THE PHILIPPINES

Ipinasa ni: Reign Francheska M. Mendoza

Ipinasa kay: Mr. Thodie Ocampo
PROMOTING ENTREPRENEURSHIP IN THE PHILIPPINES

 ORIGIN OF ENTREPRENEURSHIP

 ENTREPRENEUR IN THE PHILIPPINES

 YOUNG ENTREPRENEURSHIP

 YOUNG ENTREPRENEURS

 POPULAR ENTREPRENEURS TODAY

 REVIEW..

ORIGINS OF ENTREPRENEURSHIP

 The roots of entrepreneurship can be traced to CAPITALISM. Which is an economic,

political, and social system which has its roots in the desire of private citizens to produce
goods and services that the public need.

Foremost characteristic of capitalism is:

 The right to own private property, which can include lands.

 Buildings

 Knowledge

 Patents

 Know-how

 Processes

Origin of Entrepreneur

 The term entrepreneur is often traced to the French words entreprendre, or “one who
undertakes” can be translated as a “manager”.

 Some researchers believe that it could also be derived from other French words celui qui
entreprend, which means “those who get things done”

 Hisrish, Peter, and Shepherd, the authors on entrepreneurship, consider Marco Polo as an
early entrepreneur.
  Marco Polo, who search for new travel routes, and with the help of financiers who
provided capital, orchestrated voyages that resulted in the procurement and sale of goods
using the newly established routes.

 Richard Cantillon, an economist, who in a paper published in 1775 introduced the

concept of entrepreneurship.

 He developed the early theories on entrepreneurship.

 John Baptiste Say, built on his work and described how the entrepreneur is involved in
the exchange of goods for money.

 Adam Smith a Scottish economist who wrote about free enterprise in his book “Wealth
of Nations”

 “Invisible hand” by Adam Smith a theory which consequently influenced the economic
system henceforth.

 Joseph Alois Schumpeter, an Austrian-American economist, was one of the first to

study entrepreneurs and the impact of entrepreneurial capitalism on society.

 In the “Theory of Economic Development” he believed that innovation and

creativeness distinguished entrepreneurs from other business people.

 He wrote that innovation and entrepreneurship are closely intertwined since entrepreneurs
created “Clusters of innovations” that caused disruptive dislocations in the established
business cycles.

What is Laissez-faire?

 A doctrine opposing government interference in economic affairs beyond the minimum

necessary to maintain peace and protection of property rights.

 GLOBAL ENTREPRENEURSHIP MONITOR(GEM) project is an annual

assessment of the entrepreneurial activity, aspirations, and attitudes of individuals across
a wide range of countries.

 Initiated in 1999 as a partnership between LONDON BUSINESS SCHOOL and

BABSON COLLEGE

 The first study covered 10 countries since then more than 85 National teams from every
corner of the globe have participated in the project.

Entrepreneurship in the Philippines

  The Philippines is an entrepreneurial country that is factor-driven in its entrepreneurship
activities.

 factor-driven means that the factors that motivate entrepreneurs to start and grow
business include necessity, such as to earn a living, as well as improvement-driven
opportunity motives.

 Another interesting aspect about entrepreneurship in the Philippines is that women are
almost as par with men as entrepreneurs : 51% of entrepreneurs in the Philippines are
women.

 The Philippine Government has given priority to the promotion of entrepreneurship

because it recognizes it as a tool to continue to jumpstart and boost the economy, which
is gradually but steadily on the rise.

 Those who graduate from high school but are not able to proceed to college can still find
work by enrolling in vocational-technical school that are accredited by the Technical
Education and Skills Development Authority (TESDA).

 Other graduates who cannot find jobs in the country seek opportunities in other countries
and become OVERSEAS FILIPINO WORKER (OFW’s)

Youth entrepreneurship

 As an answer to the global call to engage the young in economic development and nation
building, the Philippine Government has instituted measures through policies and
programs.

 President Gloria Macapagal Arroyo enhanced the program of “Establishing the Youth
Entrepreneurship program”

Vital provisions of this order state that:

 SECTION 1. Approval of the youth Entrepreneurship program (YEP)

 The program, w/c is envisioned to develop the entrepreneurial skills of the youth and
hereby contribute to nation-building shall have the following components:

a. Entrepreneurship education
Which involves the immersion of the youth and the principles and ideas around the
character, psychological and attitudinal demand of entrepreneurship, as well as the
provision of technical assistance such as basic skills training on the
 preparation/development of business plans, starting and managing business enterprises,
and other management efficiency enhancement modules.

b. Credit assistance and Lending

Which involves the provision of information on available credit and lending facilities in
government agencies and the system/ mechanism to access available resources for
variable and profitable business proposals.

c. Role modeling and Mentoring

Which involves the exposure of the youth to personalities in the business community who
are worth emulating; establishment of a mentor apprentice relationship between the youth
and the agency, local business club or business personality; organizing me site that can
provide venues for interactions and giving the youth insight on “market trend”, business
opportunities, and new technologies that will improve products, services, and business
operations.

d. Business plan development and training

Which involve the provision of technical assistance such as basic skills training on the
preparation/ development of business plans, starting and managing business enterprises.
Continuing entrepreneurship education and competence development activities aimed at
improving business operations.

e. Market syndication and Linkaging

Which will link the young entrepreneurs with the market through the organization of
trade fairs and/ or business matching activities.

f. Business information network

Which involves the provision of continuing information assistance to young
entrepreneurs concerning market trends, other business opportunities, and technologies
that will improve products, services, and business operations through publications or
internet access.

 Young Filipino entrepreneurs

1. SHAHAB SHABIBI, 21 cofounder, Machine Ventures
2. Matthew Cua, 28 founder, SkyEye Analytics
3. Carl Ocab, 23 founder, Carl Ocab Internet Marketing Services
4. Maricor Bunal, 29 COO, Growthsolutions Inc.
5 . Gian Scottie Javelona, 24 founder, OrangeApps
 Successful entrepreneurs
1. Henry Sy, Shoe Mart
2. Tony Tan Caktiong, Jollibee
3. John Gokongwei Jr., JG Holdings
4. Socorro C. Ramos, National Bookstore
5. Cecilio Kwok Pedro, Lamoiyan Corporation
6. Mariano Que, Mercury Drugstores
7. Alfredo M. Yao, Zest-O
8. Corazon D. Ong, CDO Foodsphere
9. Gregorio G. Sanchez Jr., LactoPAFI
10. Diosdado Banatao, Computer Chips

Is your life worth fighting for?

If you believe in your dream, FIGHT for it. If you believe in your vision, FIGHT for
it. If you believe that success is just around the corner, FIGHT for it.
Deciding to become an entrepreneur is not enough. You have to commit to it.
Whatever you do from that moment on will have repercussions on your life and on
those you love.
Ask yourself: Is your life worth fighting for?
Is your life worth fighting for?