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  • Philippine Setting? Provide Example and Share With The Class. Answer

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    John Martin L. Ailes
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    The document discusses lending programs for small businesses in the Philippines and explains what a lean startup is. It lists five common lending programs in the Philippines: short-term loans, bank loans, SSS loans, government loans, and OWWA loans. It then defines a lean startup as a business methodology that aims to shorten product development cycles through hypothesis-driven experimentation, iterative product releases, and validated learning, prioritizing customer feedback over intuition and flexibility over planning.

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    Mikaela H. Bordeos_Activity 2 Entrepreneurial Management

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    The document discusses lending programs for small businesses in the Philippines and explains what a lean startup is. It lists five common lending programs in the Philippines: short-term loans, bank loans, SSS loans, government loans, and OWWA loans. It then defines a lean startup as a business methodology that aims to shorten product development cycles through hypothesis-driven experimentation, iterative product releases, and validated learning, prioritizing customer feedback over intuition and flexibility over planning.

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    11 views1 page

    Philippine Setting? Provide Example and Share With The Class. Answer

    Uploaded by

    John Martin L. Ailes
    The document discusses lending programs for small businesses in the Philippines and explains what a lean startup is. It lists five common lending programs in the Philippines: short-term loans, bank loans, SSS loans, government loans, and OWWA loans. It then defines a lean startup as a business methodology that aims to shorten product development cycles through hypothesis-driven experimentation, iterative product releases, and validated learning, prioritizing customer feedback over intuition and flexibility over planning.

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    © All Rights Reserved
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    Entrepreneurial Management

    Activity 2

    Name: Mikaela H. Bordeos Course/Year/Block: BSBA Management 4-A

    What are the Lending Programs for Small Business Administration in the
    Philippine Setting? Provide example and share with the class.

    Answer:
    1. Short-Term Loans
    2. Bank Loans
    3. SSS Loans
    4. Government Loans
    5. OWWA (Overseas Workers Welfare Administration) Loans

    Explain what a Lean Start-up in Business is.

    Lean startup is a business and product development methodology that aims


    to shorten product development cycles and quickly determine if a proposed
    business model is viable; this is accomplished through a combination of business-
    hypothesis-driven experimentation, iterative product releases, and validated
    learning. Customer feedback takes precedence over intuition, and flexibility takes
    precedence over planning in a lean startup. This methodology allows for faster
    recovery from failures than traditional methods of product development.

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