SUCCESSFUL FILIPINO ENTREPRENEURS

 ~ Peter Valdes 

(software development - Vinta Systems)


 

~ Manny Pangilinan 

   (Telecommunications - First   Pacific,PLDT)
                                                                                                     

 ~Dr. Vivian Sarabia   

(Vivian Sarabia Optical)

 

New Hair !!!!!! xD

YAY!!! new hairstyle this week (short hair!!!!!)   ..... bwhaahahahahah .....

Can Tou Apply it Now? (page 20)

Identify the entrepreneurial characteristics that helped Carla succeed in her business.

►courage

►creativity

►self-control

►strong desire to achieve

►commitment

►decision making skills

►ability to learn from past failures

Can you Understand (page 15)

1. Evaluate the different entrepreneurial characteristics under PECs. How does applying similar characteristics help us succeed in other areas of life ? Explain your answer by giving examples.

~answer~

►Vigilance for Opportunities◄

When an entrepreneur sees an opportunity for business, he is quick to take it. Entrepreneurship is a competitive field, and he is always onthe lookout for chances to improve his position.

╬examples╬

* 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

►Commitment to Work Contract◄

An entrepreneur always delivers his promise promptly. He values his reputation for depandability and   will do everything not to back out on a commitment.

╬examples╬

* 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

►Persistence◄

An entrepreneur doesn't let setbacks lead to failure. He is so commited  to his goal that he finds ways to overcome obstacles and accomplish his tasks he set for himself.

╬examples╬

* 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

►Willingness to Take Risks◄

An entrepreneur knows that business involves taking risks. It is when one takes his chances with a new venture that better products and services are discovered.

╬examples╬

*Risks are necessary to make changes happen and there will always be both personal risk, risk to followers as well as to the organization or group involved.

►Demand for Efficiency and Quality◄

A true entrpreneur doesn't  settle for any thing but the best. He also insists that items of excellent quality be done at the soonest time possible. This increases his productivity and sets him apart from the competition.

╬examples╬

* 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

►Goal Setting◄

Setting goals gives the entrepreneur a sense of purpose. It inspires hi  to make definite palns and to follow those plans with concrete action.

╬examples╬

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

►Information Seeking◄

An entrepreneur is always searchin for new information related to his business. he uses these information to improve his services, satisfy his costumers, and be head of his competitors.

╬examples╬

* 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

►Systematic Planning and Monitoring◄

The success of an entrepreneur relies greatly on his ability to make detailed plans before starting out on a new venture. He couples this with careful evaluation to be aware of his progress every step of the way.

╬examples╬

* 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

►Persuasion and Networking◄

An entrepreneur with a good product or service to offer is able to promote it convincingly. In addition, satisfied customers will help him promote the business through word of mouth.

╬examples╬

* Uses deliberate strategies to influence or persuade others
* Uses key people as agents to accomplish own objectives
* Acts to develop and maintain business contracts

►Self Confidence◄

An entrepreneur shows confidence in his business because he knows he has done and is doing his best to give his client the est value for their patronage. 

╬examples╬

*A person can have high self-confidence in one 

situation and totally lack in another

*Self-confidence, however, is not a personal trait that either you
have or you don't.

2. Explain how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.
~answer~


Having PECs can help the entrepreneurs to be successful.For example, the main objective of a business owner is 'to do work that I enjoy', then it makes little sense to persuade them with varying advice, grants or 
(government) programs to develop the competencies that are necessary for  growing 
their business. He or she will probably not be really motivated to grow their business.

ENRICHMENT ACTIVITY (page 10) :)

If I were an entrepreneur, I would be in the computer-renting business because many of the students and other employees  in our generation  always needs a research for their projects, assignments , works & etc.and not all of us can buy computers or laptops so I want to build a computer shop that is to be rented with an affordable price.

ASSIGNMENT #3: ENTREPRENEURIAL COMPETENCIES

Entrepreneurial competencies
A competence is an underlying characteristic of persons, which results in effective and /or superior performance in a job. A job competence is an underlying characteristics of a person, in that it may be motive ,traits, skills ,aspect of ones self-image a body of knowledge ,set of skills and cluster of appropriate motives/ traits that an individual possess to perform a given task.
The knowledge of entrepreneurial competence has been sharpened over the last 3 decades. The following is a list of major competencies that contribute towards top performance.

1. INITIATIVE: Takes action that goes beyond job requirements or the of the situation.
Does things before being asked or forced to by events.Acts to extend the business into new areas, products, or service.

2. SEES AND ACTS ON OPPORTINITIES:
Looks for and action on opportunities.
Sees and acts on opportunities (business, educational or personal growth).
Seizes unusual opportunities to obtain financing equipment, land, work space. Or assistance.

3. PERSISTENCE:
Takes repeated action to overcome obstacles that get in the way of reaching goals.
Takes repeated or different action to overcome obstacle.
Takes action in the face of a significant obstacle.

4 INFORMATION SEEKING:
Takes action on own to get information to help reach objectives or clarify problems.
Does personal research on how to provide a product or service.
Consults experts for business or technical advice.

5. CONCERN FOR QUALITY OF WORKS: acts to do things that meet or beat existing standards of excellence.
States a desire to produce work of high quality.
Compares own work or own company’s work favorably to that of others.

6.COMMITMENT TO WORK CONTRACT: acts to do things that place the highest priority on getting a job completed.
Accepts full responsibility for problems in completing a job for others.
Pitches in with workers or works in their place to get the job done.
Expresses a concern for satisfying the customer.

7.EFFICIENCY ORIENTATION :finds ways to do things faster or with fewer resources or at a lower cost.
Looks for or finds ways to do things faster or at less cost .
Uses information or business tools to improve efficiency.
Expresses concern about costs vs. .benefits of some improvements, change, or course of action.

8.SYSTEMATIC PLANNING: develops and uses logical ,step-by-step plans to reach goals.
Plans by breaking a large task down into sub-tasks.
Develops plans that anticipate obstacles.
Evaluates alternatives.
Takes a logical and systematic approach to activities.

9.PROBLEM SOLVING: identifies new and potentially ideas to reach goals.
Switches to an alternative strategy to reach a goal.
Generates new ideas or innovative solutions.

10.SELF-CONFIDENCE:
Has a strong belief in self and own abilities .
Expresses confidence is own ability to complete a task or meet a challenge.
Sticks to own judgment in the face of opposition or rarely lack of success.
Does something that he says is risky.

11. ASSERTIVENESS: confronts problems and issues with others directly.
Tells others what they have to do .
Reprimands or disciplines those failing to perform as expected.

12. USE OF INFLUENCE STRATEGIES: uses a variety of strategies to influence others.
Acts to develop business contacts.
Uses influential people as agents to accomplish own objectives.
Selectively limits the information given to others.

13. MONITORING:
Develops or uses procedures to ensure that work is completed or that work gets standards or quality.
Personally supervises all aspects of a project.

14. CONCERN FOREMPLOYEE WELFARE:
Takes action to improve the welfare of employees.
Takes positive action in response to employee’s personal concerns.
Express concern about the welfare of employees.
Developing Entrepreneurial competencies:
Entrepreneurial competencies can be developed by understanding what a particular competence when ,someone else exhibits the same.
Having understood a given competence and having been able to recognize the same when someone else exhibits, the next step is to find out where one stands with respects to a given competency.


15. SELF RATING QUESTIONNAIRE’
May be used to understand one’s level of competencies and those that are not a part of one’s personality but one would like to acquire those competencies and strengthen others. Any new behavior one acquires would basis in various activities.
Having understood a competence and having practiced the same in a given situation, one needs to introspect to find out how one’s “new behavior” or act of exhibiting a competence has been rewarding .greater the benefit , more will be one’s determination to continue exhibiting the competence in a variety of situations.

computer education hw #2

A laptop (notebook)^[1][2] is a personal computer for mobile use.^[3][4][5] A laptop integrates most of the typical components of a desktop computer, including a display, a keyboard, a pointing device (a touchpad, also known as a trackpad, and/or a pointing stick) and speakers into a single unit. A laptop is powered by mains electricity via an AC adapter, and can be used away from an outlet using a rechargeable battery. A laptop battery in new condition typically stores enough energy to run the laptop for three to five hours, depending on the computer usage, configuration and power management settings. When the laptop is plugged into the mains, the battery charges, whether or not the computer is running. Yet as it ages the battery's energy storage will progressively dissipate to lasting only a few minutes.

Portable computers, originally monochrome CRT-based and developing into the modern laptop, were originally considered to be a small niche market, mostly for specialized field applications such as the military, accountants and sales representatives. As portable computers became smaller, lighter, and cheaper and as screens became larger and of better quality, laptops became very widely used for all sorts of purposes.