CANIMO, Gia Lee S. Prof. Cresilda M.

Bragas
BS ENTREP 2-2 Opportunity Seeking

1. Name three entrepreneurs that you looked up to. Describe how these entrepreneurs think
and manage their failures.
There are many well-known entrepreneurs in the world but there are only three
Filipinos that I looked up to. They are Tony Tan Caktiong, the founder of Jollibee; Henry Sy,
the founder of SM; and Socorro Ramos, the founder of National Bookstore. Before they
became successful they went through many trials, challenges and failures but how they
manage these failures?
Tony Tan Caktiong faced many challenges and took many risks due to some
mistakes before he became successful. He manage these failures by being optimistic and
keeping his hopes high. Learning from mistakes is one of the reason why he succeed.
Caktiong learn that never afraid to fail because failure is the best teacher. He also sets the
right mindset to follow his dreams and passion.
Henry Sy managed his failures by being optimistic and have a strong
determination. He was never discourage just because of mistakes and failure but he always
boost his confidence and try again. He learn to never give up. He was committed to focusing
and achieving a valuable goal. He also learn lots of innovative things from others like his
suppliers, employees and customers.
Socorro Ramos managed her failures by doing what she learn from experience.
She was very determined and hardworking just to rebuild their business. She also sell what
opportunity provides during World War II from books to whatever the customers are looking.
She was not afraid to take risk.

2. Watch the video Filling the gap in Zambian Market and discuss the entrepreneurial
success of the owner.
The success of Zambian Market was achieved by addressing and capturing
business opportunities and due to the growth of investments. Being opportunistic is the one
they proposed. With the help of Pangea securities as their financial advisor, many businesses
evolved with an entrepreneurial nature. They come up by filling the gaps they have seen in
the business. Zambian Market support the local and homebased brands. Developing their
product quality and being consistent to it made them to compete with international brands.
They took advantage to their agriculture and tourism to help other businesses in the emerging
economy. They embrace the challenges that their neighboring country faces.