1. Why do most Filipinos not considering starting up or doing a Business?

Explain your
answer?

The Filipinos do not consider starting a business since most of them really aren't economically
competitive because of their values, but it also relies on the values they uphold because Filipinos have
good and negative values belonging to them. Surely they would prosper economically if they are in good
values, but surely they won't excel economically if they are in a pessimistic hand. Businesses, mostly
micro, small and medium enterprises, in the Philippines do not have a long life span. Any of them might
fail for many reasons in less than 5 years.

2. How does mindset affect our decision making? Discuss your answer?

Mindset impacts our decision-making when mindsets can be acquired and exchanged mostly to the
good of the insiders of the community and in response to the circumstances of their emotional and
physical environment in particular social / cultural spaces. The manner in which societies attribute
value to social circumstances, and the degree to which an opportunity is viewed as equal and
important, is influenced by mindsets.Taken together, the ideas, perceptions, values, strategies, and
notations which form our mindsets lead to our world's subjective views and are still in effect at every
stage of human life.

3. Describe the Differences between Filipinos vs. Chines when it comes to business and
works?

According to the article that I’ve read Entrepera has been described as the prevalent
style for small to medium-sized businesses in the Philippines. Foreign Chinese, on the
other side, have been identified as having the same traits but are specifically
disciplined, hard-working and cautious (here used as a general word for all citizens of
Chinese descent and staying in the Philippines). In addition, they build through ties
("guanxi") and offer confidence ("xinyong") the great priority.

In fact, overseas chinese companies work with strong family influence and limited
outside funding in basic organizational frameworks. When young people no longer
enjoy themselves necessary and seek outside funding, there seems to be a sense of
failure and lack of Chinese company activities. This is analogous to the notion of non-
Chinese marriage, which would inevitably result in the person destroying his or her
chinese culture. A multi-case research by Gerley Po of De La Salle University to
explore the cross-generational and cross-cultural entrepreneurship models of second-,
third- and fourth-generation investors in the Philippines was utilized to investigate the
disparities between overseas Chinese and Filipinos more precisely.

The findings suggest that both classes are achievement-oriented and support the
leadership model of "participative / negotiative." Interestingly, for the overseas
Chinese fourth-generation, their meaning orientation is high on pakikisama, which is
obviously Filipino. The results confirmed the reigning Filipino entrepreneurial form
 as entrepera, but none of the styles match those of the overseas Chinese, only facets of
it.
This suggests that while the Chinese overseas have assimilated those Filipino values,
while doing business, they are still able to retain basic Chinese values. It is evident
that even when conducting business in the same region, the two groups follow distinct
entrepreneurial approaches. However, it can be seen that there is a need to deal with
modern and useful market approaches as the economy continues to globalize, while at
the same time, maintain and take advantage of understanding and traditions from one's
historical ties.

https://business.inquirer.net/82366/entrepreneurial-styles-is-there-a-difference-
between-filipinos-and-chinese#ixzz6aLwYr1Im

4. How is it possible that in a foreign land, these Chinese were able to make so much fortune?
But even those not in this league, how could the Chinese, in general, overcome language barriers
and become richer than most? What can we learn from them? Explain your answer?

To start with, the Chinese weren't wealthy. But if there's one thing we're more proud about than
everything else, it's because we're performing to the best of our ability. Each of us grew up over decades
adopting financial teachings continuously taught by our parents and even grandparents.