Entrepreneurial Management

Entrepreneurs
Learning Objectives

D
Learning Objectives

Define what is
an
entrepreneur
Learning Objectives
Describe the
Define what is key concepts in
an the making of
entrepreneur an
entrepreneur
Learning Objectives
Identify the
Describe the
factors that
key concepts in
develop
the making of
entrepreneurial
an
activities and
entrepreneur
successes
Learning Objectives
Identify the Give the
factors that difference
develop between a
entrepreneurial manager and
activities and an
successes entrepreneur
Learning Objectives
Give the
difference
Discuss the
between a
development of
manager and
entrepreneurship
an
entrepreneur
Learning Objectives
Elaborate the
Discuss the making of a
development of Filipino
entrepreneurship entrepreneur
and their profile
Learning Objectives
Elaborate the
making of a Discuss the
Filipino challenges in
entrepreneur entrepreneurship
and their profile
Entrepreneurship
Entrepreneurship
Entrepreneurship

- is a science of converting
processed ideas into a
remarkable business venture
Entrepreneurship

According to Fajardo (2009),

it is a capacity for innovation,
investment, and expansion in
new market, products, and
techniques.
Entrepreneur
Entrepreneur

is an individual who is alert

to profitable opportunities for
the exchange of goods or
services.
Entrepreneur

is the one who organizes,

manages, directs, and
assumes the risks of a
business or enterprises
Essential Questions to be Asked by a Potential Entrepreneur
Entrepreneur
• Am I a planner, dreamer or a goal setter?
• Do I offer a product that people want to
buy?
• Do I have enough resources to start the
business?

• Will my business plan allow cash to flow as

soon as possible?
Entrepreneur
• Am I working around a tight budget for my
expenses?
• Do I have good credit status?
• Am I expecting too much from my revenues
as results of my hard work?
• Am I ready to assess and measure
everything before putting it out for the
public?
Entrepreneur
• Do I have strong people skills?
• Do I enjoy making decisions and being in
charge?
• Am I at short and long-range planning?
• Am I willing to take initiative when
confronted with difficult situations?
Entrepreneur
• Am I flexible, and can adapt to changing
circumstances?

• Am I willing to take calculated risks?

• Am I ready to learn and accept the mistakes

that I might encounter along the way?
The Entrepreneurial Skills and Competencies
The Entrepreneurial Skills and Competencies
THE ENTREPRENEUR AS A MISSIONARY
The entrepreneur is a
missionary who perceives
opportunities inherent in the
exchange of goods with great
desire for profit.
The Entrepreneurial Skills and Competencies
THE ENTREPRENEUR IS GOAL-DRIVEN
as he/she exercises the locus of
control. He/she sets high goals
and strives to attain the
projected target and
accomplishments
The Entrepreneurial Skills and Competencies
THE ENTREPRENEUR IS A MARKETING MAN
He marshals his resources to pursue the
opportunities and makes immediate action
to exploit his personal gain. The needs and
wants of customers are properly identified
and these are the propelling reason for
him to take the opportunity to make profit.
The Entrepreneurial Skills and Competencies
THE ENTREPRENEUR STARTS SMALL TO BECOME BIG

At the early stage, their growth orientation

is for expansion of their operation and
they persistently pursue approaches that
differentiate them from other managers.
The Making of an Entrepreneur
The Making of an Entrepreneur

- is a dynamic
PROCESS and an
APPROACH
 The Making of an Entrepreneur

An APPROACH
The entrepreneur considers the
business opportunity as a chance to
find new ways to solve the problem
rather solving the problem.
The Making of an Entrepreneur

A PROCESS

It can be developed, learned, and

nurtured.
Factors that Develop Entrepreneurial Activities
Factors that Develop Entrepreneurial Activities
1. The Entrepreneur Takes the Initiative

With his great interest to capitalize on the

opportunity at hand, the entrepreneur
takes the initiative of venturing into
business.
Factors that Develop Entrepreneurial Activities
2. Organization of Capital Resources

While talents and ambitions are great

resources of the entrepreneur, financial
and human resources are important
ingredients in the start of the
organization.
Factors that Develop Entrepreneurial Activities
3. The Development of Administrative Machinery

The management is developed with

organizational structure based on the
need of operation.
Factors that Develop Entrepreneurial Activities
4. The Development of Entrepreneurial Autonomy

The entrepreneur develops autonomy in

the operation of the enterprise as he/she
takes the lead in all activities of the
organization especially in the early stage
of operation.
Factors that Develop Entrepreneurial Activities
5. The Development of SWOT Analysis

The avoidance of risk can be taken with

careful analysis of the Strength,
Weaknesses, Opportunities, and Threats.
Manager Entrepreneur
Peculiar Characteristics of Managers in Solving
Problems
Peculiar Characteristics of Managers in Solving Problems

Develops systems and

procedures that are precise
based on current practices in
an industry.
Peculiar Characteristics of Managers in Solving Problems

Manager is interested in solving

organizational problems rather
than finding other avenues in
the solution of the problems.
Peculiar Characteristics of Managers in Solving Problems

Manager calibrates in the

refinement of policies and
procedure and tends to revise
them to solve existing problems.
Peculiar Characteristics of Managers in Solving Problems

Finds ways and means to provide

solutions and compliance to
routine activities.
Peculiar Characteristics of Managers in Solving Problems

Interested in details and sensitive

to group cohesion and extract
group cooperation as a means to
group accomplishments.
Characteristics of an Innovator Entrepreneur in
Solving Problems
 Innovator Entrepreneur
He looks at the
problem on
different angles
and finds
means to
circumvent the
same.
 Innovator Entrepreneur
He discovers He looks at the
the roots of the problem on
problem and different angles
develops and finds
avenues to means to
better solve the circumvent the
problem. same.
 Innovator Entrepreneur
He discovers
the roots of the
Formulates problem and
solutions and develops
alternatives avenues to
better solve the
problem.
 Innovator Entrepreneur
Develops basic
assumptions
Formulates
and hypothesis
solutions and
related to
alternatives
current
practices
 Innovator Entrepreneur
Develops basic
assumptions
Formulates
and hypothesis
solutions and
related to
alternatives
current
practices
 Innovator Entrepreneur
Develops basic
Makes
assumptions
innovations
and hypothesis
based on
related to
careful analysis
current
through SWOT
practices
 Innovator Entrepreneur

Interested in Makes
the end results innovations
rather than the based on
means to careful analysis
achieve it through SWOT
 Innovator Entrepreneur
He capitalize on
people with Interested in
bright ideas the end results
and talents and rather than the
gets their means to
opinion and achieve it
consensus
The Development of Entrepreneurship
The Making of a Filipino Entrepreneur

The making of a Filipino

Entrepreneur is a PROCESS of
TRIAL and ERROR.
The Making of a Filipino Entrepreneur

The colonization of the Filipino for

more than 300 years is a great
factor in the slow development of
entrepreneurial activities in the
country.
The Making of a Filipino Entrepreneur

The success of Filipino

entrepreneur stands in a very
shallow foundation. Most Filipino
business starts on a …..
The Making of a Filipino Entrepreneur

SYNDROME
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: Their

combined wealth mainly
flows from SM
Investments and SM
Prime. The SM’s empire
ranges from department
stores to supermarkets,
banks, hotels, real
estate, and even mining.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: Villar's

biggest asset comes from
his stake in Golden MV
Holdings, which handles
mass housing projects and
memorial parks. His
business interests also
include malls to home
improvement chains.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023
Source of wealth: His port
business has expanded beyond
the archipelago, with
subsidiaries stretching across
the Asia-Pacific, Eastern
Europe, Africa, and the
Americas. He also owns
Bloomberry Resorts
Corporation, which operates
Solaire Resort and Casino, the
shining star of his hospitality
empire.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: From brewing

beginnings, San Miguel has
transformed into a titan of food,
beverages, power, and
infrastructure. Let's talk airport
and energy: a $15 billion airport
and city complex project is also
on the horizon, along with a
power-packed battery storage
move.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: Jollibee’s

conquering the globe, from
Singapore to the U.K. and
the U.S., serving up
delectable Filipino, Chinese,
American, and European
flavors. Caktiong also
ventured into the property
with partner Edgar Sia II.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth:
From abaca trading to power,
banking, food, infrastructure,
and real estate. They've got their
hands in a bit of everything,
including the recent acquisition
of Citibank's consumer banking
business and a takeover at
the Mactan-Cebu International
Airport.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: The

Gokongwei conglomerate spans
airlines (Cebu Pacific), telecom,
banking, food, power, and
property. They also own retail
giant Robinsons Malls, and
Universal Robina, the food and
beverage giant that started as a
humble cornstarch plant in the
50s.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth: They've got

their hands full with DMCI
Holdings, playing big in property
development, mining, power
generation, and water services.
Isidro Consunji, the eldest, calls
the shots as chairman and
president, leading the charge in
their various business ventures.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth:
Starting with a distillery
in Manila, they've
expanded into banking,
real estate, hotels,
telecommunications, and
education, all under the
Ayala banner.
Top 10 Richest Filipino Entrepreneurs-Forbes’ 2023

Source of wealth:
Diversified. His
grandson, Lucio Tan III,
is stepping up to the
plate, leading PAL
Holdings and Philippines
Airlines.
The Challenges for Entrepreneurship
The Challenges for Entrepreneurship

Success in entrepreneurial activity is

based on the inner compulsion to
achieve the undeterred difficulties.
The values and character of JUAN
TAMAD has no place in the world of
entrepreneurial vocabulary.
The Challenges for Entrepreneurship

1. The new entrepreneur must be a

doer and willing to work hard until he
achieves the tasks he/she wants for
himself.
The Challenges for Entrepreneurship

2. Personal attention and

comprehensive awareness for the
progress of the business is not
trusted on other people.
The Challenges for Entrepreneurship

3. The new entrepreneur must have

high sense of integrity that he/she
stands firm on his principles and
ideals.
The Challenges for Entrepreneurship

4. Emotional stability is an important

factor in the making of an
entrepreneur.
The Challenges for Entrepreneurship

5. The built in self-starting mechanism

that drives an entrepreneur to
success is his executive ability to
manage people and resources.
The Starting Point to Entrepreneurial Success
The Starting Point to Entrepreneurial Success

Start to be on your own

The Starting Point to Entrepreneurial Success

Start to be on your own

Explore the business

environment
The Starting Point to Entrepreneurial Success

Start to be on your own

Explore the business

environment

Be in control
The Starting Point to Entrepreneurial Success

Start to be on your own

Explore the business

environment

Be in control

Have a good accountant or a

trusted financial adviser
The Starting Point to Entrepreneurial Success

Start to be on your own

Explore the business

environment

Be in control

Have a good accountant or a

trusted financial adviser

Seek the advice of professionals

Entrepreneurial Management Demand
Entrepreneurial Management Demands
 Entrepreneurial Management Demands

The entrepreneur
is alert to
opportunities and
perceptive to
make things
happen.
 Entrepreneurial Management Demands

The The entrepreneur

entrepreneur is alert to
has the health opportunities and
and endurance perceptive to
to work long make things
happen.
hours.
 Entrepreneurial Management Demands

The
entrepreneur The
has the health entrepreneur of
and endurance flexibility and
to work long change.
hours.
 Entrepreneurial Management Demands

The
entrepreneur of The entrepreneur
flexibility and is self-assured
change.
 Entrepreneurial Management Demands

The entrepreneur
The entrepreneur seeks others’
is self-assured opinion or makes
researches.
Profile of a Successful Entrepreneur
 Profile of a Successful Entrepreneur

The entrepreneur has strong desire for

independence.
 Profile of a Successful Entrepreneur

The entrepreneur develops strong drive to

succeed.
 Profile of a Successful Entrepreneur

The entrepreneur has strong determination

in decision making.
 Profile of a Successful Entrepreneur

The entrepreneur develops feedback

mechanisms for results.
 Profile of a Successful Entrepreneur

The entrepreneur is a result-driven

individual.
 References

Acierto, M. (2019). ENTREPRENEURIAL MANAGEMENT. Unlimited

Books Library Services & Publishing Inc.

LearnFree (2023). What is an entrepreneur?

https://www.youtube.com/watch?v=rRpMrAMesbA&t=5s

The Money Gig(2020). What is Entrepreneurship | Meaning of

Entrepreneurship | The Money Gig.
https://www.youtube.com/watch?v=Kja2TQgFd1g