Entrep Reviewer

Republic of the Philippines
UNIVERSITY OF RIZAL SYSTEM

Province of Rizal
www.urs.edu.ph / urs_cainta@yahoo.com
URS Cainta Campus Tel: (02) 359-8776 / 532-0484 / 703-5871
(ANDRES REPORT)
OPPORTUNITY SEEKING 1. It involves the development of new ideas from various
sources.
MACRO-INVIRONMENTAL SOURCES OF OPPORTUNITIES 2. its Refers to “Big or

Macro Forces” that affect the area, the industry, and the market which the enterprise
belongs to.
ENTREPRENEURIAL MIND FRAME 3. It allows the entrepreneur to see things in a

very positive and optimistic light in the midst of crisis or difficult situations.
ENTREPRENEURIAL GUT GAME 4. It refers to the ability of the entrepreneur to sense

without using five senses.
DANGER & OPPORTUNITY 5. in Chinese writing, the word crisis is composed of two
characters. What are those two characters?
INDUSTRY SOURCES OF OPPORTUNITES 6. This is One of the biggest sources of

opportunities are the industry and the market.
ENTREPRENEURIAL HEART FLAME 7. It is often manifested in the entrepreneurs’

efforts to nurture relationships with customers, employees, and suppliers.
POLITICAL ENVIRONMENT 8. Needs Permits, approvals and licenses to operate the

business
TECHNOLOGICAL EMVIRONMENT 9. It is New scientific and technological

discoveries
ECOLOGICAL ENVIRONMENT 10. Its Includes all natural resources and the
ecosystem
TRUE OR FALSE: write TRUE if the statement is correct and FALSE if not. Write
your answer before the number.
FALSE 11Process of taking into account, analyzing, and pursuing market-based actions
that are thought to be disadvantageous for the company.
Province of Rizal
FALSE 12 Opportunity seeking is the first and is the easiest process to the number of
options that the entrepreneur will have to choose from.
TRUE 13 The most common way of defining an industry is according to product types or
according to the functions of the product or service.
FALSE 14 Passion is the great desire to attain a mission or fulfill a vision.
False 15 The gut game also connotes courage or, in the local dialect, “lakas ng
pagiisip”
ENUMERATION: Enumerate the following.
16-20
(S P E E T) Stands for:?
SOCIO-CULTURAL ENVIRONMENT
POLITICAL ENVIRONMENT
ECONOMIC ENVIRONMENT
ECOLOGICAL ENVIRONMENT
TECHNOLOGICAL ENVIRONMENT
(ALILIE BEO REPORT)

quantities demanded 1. This would determine the needed capacity of operations.
delivery expectation 2. Knowing how much, how frequent, and when to deliver to
customers.
pre-operating cost 3. These are the costs related to the preparation for the launch of
the business. These include the pre-feasibility study, in-depth feasibility study, market
research, product development, organizational development, and initial promotional
costs.
Province of Rizal
working capital investment 4. This includes the investment needed to operationalize

the business, composed of cash, accounts receivable, and inventories (raw materials,
work-in-process, and finished goods).
financial forecasts 5. Refer to the monetary transactions that the business is expected
to engage in.
income statement 6. Financial statement that measures an enterprise’s performance in

terms of revenue and expenses over a certain period.
Assets 7. Represent all the investments in the enterprise including the initial
investments that you considered in the pre-feasibility study (investment requirements).
Liabilities 8. Represent the enterprise’s debts to suppliers, to banks, to government, to

employees, and other financiers.
stockholder's equity 9. Represents the investors’ investments in the stock (or shares)
of the business.
Feasibility study 10. An assessment of the practicality of a proposed plan or project.
11-15. Give the seven operating expenses.
- Employee salaries, wages, and benefits
- Rent and lease expenses
- Utilities
- Transportation
- Fees and licenses
- Commissions
- Office supplies
Province of Rizal
(DANIEL REPORT)
Opportunity Seizing 1. It is the last stage after Opportunity Seeking and

Screening.
Entrepreneur 2. Who needs to be advised to look at other competitors in

the marketplace.
Focus Group Discussions 3. What is the meaning of FGD?
Good Implementation 4. Good planning and good programming are

essential to have?
End Results 5. It is the final outcomes of the business.
Technology 6. It is to define the Capital expenditures and work processes

necessary to get things done.
7-10 What are the other advantages of Prototype?
• It enables you to test and refine the functionality of your design

• It makes it possible to test the performance of various materials
• It’ll help you describe your product more effectively
• It will encourage others to take you more seriously
Province of Rizal
False 11. To choose the right design who can perform the technical and
managerial functions necessary to realize the desired end results.
True 12. People and physical resources are dictated by the sales volume
targeted, the technology to be utilized, and the capabilities needed by the
workforce.
True 13. The capabilities of the people would calibrate the salaries and
wages, benefits and allowances, travel and transportation, and other
people-related expenses.
False 14. The Technology would, in turn, depend on the people and the
physical resources, plus other financial requirements related to establishing
and nurturing a business.
True 15. The entrepreneur must be diligent in taking the necessary steps
toward determining the required resources.
(CARIAN REPORT)
Quiz MARKET SOURCES IF OPPORTUNITIES
1. It can measure the actual demand and supply as well as the potential demand.
2. It is conducted indetermining the critical variables.
3. Its refers to specific target segment of a particular enterprise.
4. Refers to taste of particular group of people.
5. Refers to the things that irritate customer.
6-10. Give atleast 5 other sources of opportunities
Answer:
1. Entrepreneur
2. Market trend
3. Micromarket
4. Consumer preference
5. Customer dislike
6-10.
*Customer preferences change overtime.
*People’s tastes in clothes, music, shoes, entertainment, dance, sports, hobbies,
and even Careers have evolved over the years.
*What piques customers is a great source of opportunities.
Province of Rizal
*Before the customer is won over, there is first a battle for the mind.
*The longer the customer wants to use the product, the greater the chances of
creating Lasting loyalty.
*Opportunities abound in shaping consumer perceptions or occupying spaces in

their Minds or places in their hearts that have not yet been filled.
(PADAON REPORT)
Opportunity screening 1. It is the process by which entrepreneurs

evaluate innovative product ideas, strategies, and marketing finds.
Pre feasibility 2. It is a rough screening aiming to achieve to identifying
the most promising ideas and discard the unattractive opinion.
Market potential 3. it is define as the calculation of the maximum revenue
for a product or brand in a specific market.
market prospects 4. It is a company's potential future performance in a
competitive market place.
Personal screen 5. It is the first in entrepreneur has to consider his or her
preferences or capabilities by asking 3 basic question.
6-10. Give atleast 5 R in 12R's opportunity Screening.
Relevance
Resonance
Reinforcement
Revenues
Responsiveness
Province of Rizal
MARKET SOURCES OF OPPORTUNITIES
• Entrepreneur must be able to measure the actual demand and supply as

well as the potential demand and supply of the industry that the enterprise
belongs to.
• Monitoring of the prevalence of product substitutes and their market

Impact on the existing players in the industry.
• Market trend analysis is also conducted indetermining the critical

variables, Which would most likely affect the future directions in the
industry.
MICROMARKET
• It refers to the specific target market segment of a particular enterprise.
• These are the target customers that represent the immediate customers
of an Enterprise, meaning those who are currently buying goods or
services offered by the enterprise and its direct competitors.
• It likewise pertains to a clearly defined location or specific customer group

that an enterprise wishes to serve.
• The need for segmentation would be crucial in micro market analysis

because the definition of value for money differs from Group to group.
CONSUMER PREFERENCE, PIQUES, AND PRECEPTION
• Consumer preferences refer to the tastes of particular groups of people.
• Consumer dislikes refer to the things that irritate customers. Either way,
the Entrepreneur can explore opportunities brought by consumer
preferences or Dislikes.
• There are times when the product is not changed by the enterprise but
what Changes is the way consumers perceive the product.
Province of Rizal
OTHER SOURCES OF OPPORTUNITIES
1. Customer preferences change overtime.

2. People’s tastes in clothes, music, shoes, entertainment, dance,
sports, hobbies, and even Careers have evolved over the years.
3. What piques customers is a great source of opportunities.
4. Before the customer is won over, there is first a battle for the mind.
5. The longer the customer wants to use the product, the greater the
chances of creating Lasting loyalty.
6. Opportunities abound in shaping consumer perceptions or occupying
spaces in their Minds or places in their hearts that have not yet been
filled.
Opportunity Screening
It is the process by which entrepreneurs evaluate innovative product ideas,

strategies, and marketing finds.
The Personal Screen
In screening opportunities, the entrepreneur first has to consider his/her

preferences or capabilities by asking three basic questions.
The 12 R’s of Opportunity Screening

 Relevance
 Resonance
 Reinforcement
 Revenues
 Responsiveness
 Reach
 Range
 Revolutionary
 Returns
 Relative
 Resources
 Risks
Province of Rizal
Relevance to vision, mission and objectives of the entrepreneur

The opportunity must be aligned with what you have as your personal vision, mission,
and objectives for the enterprise you want to set-up.
Resonance to Values
hater than vision, mission and objectives the opportunity must match the values and desired
virtues that you have or wish to impart.
Reinforcement of Entrepreneurial Interest
How does opportunity resonate with the entrepreneur’s personal interests, talents, and skills.
Revenues
In any entrepreneurial endeavor, it is important to determine the sales potential of the products
or services you want to offer. Is there a big enough market out there to grab and nurture for
growth.
Province of Rizal
Province of Rizal

Entrep Reviewer

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Entrep Reviewer

Uploaded by

Copyright:

Available Formats

Republic of the Philippines

UNIVERSITY OF RIZAL SYSTEM

MACRO-INVIRONMENTAL SOURCES OF OPPORTUNITIES 2. its Refers to “Big or

ENTREPRENEURIAL MIND FRAME 3. It allows the entrepreneur to see things in a

ENTREPRENEURIAL GUT GAME 4. It refers to the ability of the entrepreneur to sense

INDUSTRY SOURCES OF OPPORTUNITES 6. This is One of the biggest sources of

ENTREPRENEURIAL HEART FLAME 7. It is often manifested in the entrepreneurs’

POLITICAL ENVIRONMENT 8. Needs Permits, approvals and licenses to operate the

TECHNOLOGICAL EMVIRONMENT 9. It is New scientific and technological

FALSE 14 Passion is the great desire to attain a mission or fulfill a vision.

ENUMERATION: Enumerate the following.

(ALILIE BEO REPORT)

working capital investment 4. This includes the investment needed to operationalize

income statement 6. Financial statement that measures an enterprise’s performance in

Liabilities 8. Represent the enterprise’s debts to suppliers, to banks, to government, to

Feasibility study 10. An assessment of the practicality of a proposed plan or project.

11-15. Give the seven operating expenses.

- Employee salaries, wages, and benefits

- Rent and lease expenses

- Fees and licenses

Opportunity Seizing 1. It is the last stage after Opportunity Seeking and

Entrepreneur 2. Who needs to be advised to look at other competitors in

Focus Group Discussions 3. What is the meaning of FGD?

Good Implementation 4. Good planning and good programming are

End Results 5. It is the final outcomes of the business.

Technology 6. It is to define the Capital expenditures and work processes

7-10 What are the other advantages of Prototype?

• It enables you to test and refine the functionality of your design

*Opportunities abound in shaping consumer perceptions or occupying spaces in

Opportunity screening 1. It is the process by which entrepreneurs

MARKET SOURCES OF OPPORTUNITIES

• Entrepreneur must be able to measure the actual demand and supply as

• Monitoring of the prevalence of product substitutes and their market

• Market trend analysis is also conducted indetermining the critical

• It refers to the specific target market segment of a particular enterprise.

• It likewise pertains to a clearly defined location or specific customer group

• The need for segmentation would be crucial in micro market analysis

CONSUMER PREFERENCE, PIQUES, AND PRECEPTION

• Consumer preferences refer to the tastes of particular groups of people.

OTHER SOURCES OF OPPORTUNITIES

1. Customer preferences change overtime.

It is the process by which entrepreneurs evaluate innovative product ideas,

The Personal Screen

In screening opportunities, the entrepreneur first has to consider his/her

The 12 R’s of Opportunity Screening

Relevance to vision, mission and objectives of the entrepreneur

You might also like