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Training Needs Analysis Among Grassroots Entrepreneurs: Basis For The Implementation of A University of Makati-Based Training Program On Financial Literacy and Entrepreneurial Skills
Training Needs Analysis Among Grassroots Entrepreneurs: Basis For The Implementation of A University of Makati-Based Training Program On Financial Literacy and Entrepreneurial Skills
Training Needs Analysis Among Grassroots Entrepreneurs: Basis For The Implementation of A University of Makati-Based Training Program On Financial Literacy and Entrepreneurial Skills
1. Provide the initial financial 1. Will provide the Profile of the 1. Develop and design a short-term Financial
resources through its approved Beneficiaries. Literacy and Entrepreneurial Skills Training
Annual Investment Plan (AIP). 2. Will submit the feedback form to Program of Instructions (POI) which are
2. Deliver the Program of Instructions on assess the implementation of the intended for the Grassroots Entrepreneurs.
Financial Literacy and Entrepeneurial project. 2. Execute the Proposed Training Program by
Skills. 3. Provide the conducive venue for bridging the GAPS:
3. Set the qualification standards as bases learning. a. Grassroots Entrepreneurs - addressing
for the issuance of Certificate of 4. Will provide the documentation their training needs on Financial Literacy
Completion for those who passed the 5. Issuance of the Certificate of and learning the Entrepreneurial Skills.
Training Program. Completion among the Trainers who b. University of Makati-College of Business
4. Strengthen the partnership with the are successfully completed the short and Financial Science - (UMAK-CBFS) - To
Barangay to deliver the community term courses. deliver the extension program services in
extension services of the college. the nearby barangays and to fulfill its
advocacy in helping the Grassroots
Entrepreneurs to learn and earn for a
living.
c. Professors/Expert Trainers - To support
their eagerness of helping the deserving
Grassroots Enterpreneurs who are
deserving the great opportunity to become
entrepreneur by sharing their expertise,
GAPS to Address: competencies, skills and experiences in pro
bono.
1. Conduct the Training Need Assessment (TNA) among Grassroots d. College of Business and Financial Science -
Entrepreneurs
To promote volunteerism and selfless gain
2. Promote the Advocacy of the College.
"advocacy of the college"
3. Alleviate Poverty
e. Selected Barangays in Makati City - To
4. Increase volunteerism and self-efficacy
support the program of the barangay
5. Design the Program of Instructions on Financial Literacy and Entrepreneurial Skills
officials in Education and Livelihood.
6. Prepare the Flowchart/Schematic Diagram and the Modules of the Training Program 3. Prepare the Memorandum of Agreement
to be offered by the College of Business and Financial Science
4. Provide the Training Requirements for the
7. Prepare the Memorandum of Agreement (MOA) for strong partnership with the
Grassroots Entrepreneurs to be qualified in
Target Barangays and Target Beneficiaries.
the program.
5. Implement the Training Program
6. Conduct the culminating activity to
acknowledge the completers and the group
effort of the TEAM.
Target Beneficiaries:
Grassroot Entrepreneurs' Profiling
1. Demographic Characteristics
2. Socio-Economic Characteristics
3. Current Training Acquired
4. Initial Investment Capacity
5. Skills on Industry Analysis
6. Skills on Environmental Analysis
7. Skills on Strategic Management
8. Skills on Operational Management and Licensing
Figure 1: The Schematic Diagram which is operationally designed by the Researcher to understand the purpose of the study.
On the Yellow Box presented the variables that the College of Business and Financial Science (CBFS) will
deliver to the Grassroots Entrepreneurs such as providing initial financial resources; delivering of the Program
of Instruction (POI); sending expert and / or highly competent trainers for the Financial Literacy and
Entrepreneurial Training Program; setting the qualification standards; managing the issuance of the certificates
for completers; and implementing the Memorandum of Agreement (MOA) for the sustainability of the project.
Since this project centers on the conduct of a Training Program among Grassroots Entrepreneurs, two POIs
were developed. These POIs are Financial Literacy, and Entrepreneurship. The Model of Devising Curriculum by
Gibb (1993 in Kee, et. al., n.d.) was adapted because it is significant that the Trainee-Beneficiaries who are
commonly called Grassroots Entrepreneur in this study are to learn both Business and Entrepreneurial Skills.
With this, possessing Business Skills will be the prerequisite. In this regard, Solomon and Fernald (1991)
mentioned that the tertiary institutions and enterprise education are used to foster entrepreneurial behavior of
the students. With this thrust of educational institutions, there is a need to revolutionize some aspects to help
attain entrepreneurial behavior of the students. This claim was supported by Itao (1997) when he highlighted
Figure 5: The Demographic Characteristic of the Grassroots Entrepreneurs According to Civil Status
Figure 5 presents the Civil Status of the Grassroots Entrepreneurs. As presented in the chart, majority of the
respondents are married with a frequency of 23 or seventy percent, while 8 or twenty-four percent are singles.
In addition, there are only two or six percent (6%) widows.
Figure 6: The demographic Characteristics of the Grassroots Entrepreneurs According to Number of Children
Figure 6 demonstrates the total number of children of the Grassroots Entrepreneurs. As demonstrated in the
pie chart 4, sixteen (16) or almost fifty (49) percent of the participants said that they have five (5) and above
children. Eight (8) or twenty-four percent said that they have 3 – 4 children, while three of them said that they
have no children. These results show that majority of the Grassroots Entrepreneurs have five (5) and above
children. It can be inferred that the number of dependents may be a factor that could affect the sustainability of
their business operations because, more often than not, they need to prioritize the needs of their family. It is
then safe to say that they may sometimes use their initial capital to suffice the needs of their family.