EARLY HISTORY OF

ENTREPRENEURSHIP
barter system.
This system went unchanged up until the Middle Ages,
when banking was conHistory of Entrepreneurship in
the Philippines Entrepreneurship, in general, started
during the dawn of civilization, when one artisan
trades one of his crafts for another item during the
age of barter system or trades his craft for gold coins
when coinage replaced the sidered another form of
entrepreneurship, wherein bankers would lend kings
and clergymen funds for their projects.
But the term entrepreneur became first used during the
16th century, denoting that an entrepreneur is a
person who undertakes a business venture.
The term was refined during the 17th and 18th
centuries when the industrial revolution was gaining
speed in developed countries and in their colonies.
The concept of entrepreneurship has been in our
modern society for thousands of years and in
the history of economic study the word has been
overused, and in some cases underused.
Starting with practically nothing.
an entrepreneur is one who organizes a new venture,
manages it, and assumes the associated risk.
In Philippines, entrepreneurship is viewed as important
to empowering the poor, enhancing production, and
as an impetus to innovation.
The 1987 Philippine Constitution
recognizes entrepreneurship as an engine of
economic growth.
In 2011, there were approximately 830,000 business
enterprises in the Philippines.
FAMOUS
.
AND SUCCESSFUL
ENTREPRENEURS IN THE PHILIPPINES
SOCORRO C. RAMOS
National Book Store, Inc.

TONY TAN CAKTIONG

Jollibee Foods Corporation

Lucio Tan
Philippine Airlines

Henry Sy
ShoeMart
ATTY. FELIPE L. GOZON
GMA Network, Inc.

Jaime Zobel de Ayala

Ayala Corporation

Alfredo Yao
Zest-O Corporation

Mariano Que
Mercury Drugstore
Cecilio K. Pedro
Lamoiyan Corporation
produces toothpastes like “Hapee” and “Kutitap.”

Corazon D. Ong
CDO Foodsphere, Inc.