This document provides information about international and local entrepreneurship. It discusses successful international entrepreneurs like Michael Kors and his journey of establishing the luxury brand Michael Kors. It also discusses entrepreneurship in the Philippines, noting that 39.4% of Filipinos are engaged in entrepreneurial activities, many out of necessity. Local entrepreneurship in Ilocos Norte is also examined, finding that most local businesses are small, family-operated retailers in existence for less than 5 years. The document concludes that entrepreneurs play a vital role in economies by pursuing new opportunities and driving innovation.
The document provides a feasibility study for upgrading the systems at Cyberbiz Internet Cafe. It describes the current sole proprietorship model of the business and manually operated systems for login/logout, printing, and other services. The main problems identified are the cafe's slower internet speeds compared to competitors and the lack of a networked environment, which causes issues with monitoring usage times and infection risks. The study will analyze the current systems, identify economic and service issues, and provide recommendations for improvements.
Mang Inasal is the fastest growing barbecue fast food chain in the Philippines. It currently has over 445 branches nationwide employing over 10,000 employees. Mang Inasal was established in 2003 in Iloilo City and has since expanded to various cities including Bacolod, Iloilo, Roxas, Laguna, Metro Manila, Davao, Cagayan de Oro, Koronadal, Ozamiz, Iligan, Surigao, General Santos, Pagadian, Batangas, Lucena, and Cebu. The corporate office is located in Pasay City.
Business Environment in General Santos City and the Provinces of Sarangani an...Victor F. Melitante Jr.
The document provides an overview of the business environments in General Santos, Sarangani, South Cotabato, and surrounding areas. It discusses the key industries and economic activities in each location, including agriculture (coconut, pineapple, banana), fishing/aquaculture, real estate, tourism, and more. Major companies operating in the regions are also mentioned. The environment in each area is described as conducive to business and investment, with opportunities in various sectors.
University of the Philippines (UP) SWOT AnalysisLilliene Alleje
Our activity in Organization & Management is doing a SWOT analysis about Philippine universities and we chose UP. Should you not agree with our opinions, bear in mind that this is just our opinions about UP. Thank you
Challenges in the Hospitality Industry in the PhilippinesSGS
We surveyed participants at our first Hospitality Industry Forum on the major challenges encountered in the travel and hospitality industry in the Philippines.
We can work with you to craft, measure, analyze, monitor or continuously improve your corporate and functional strategies, in relation to the external and internal challenges that your industry/organization is facing right now.
For inquiries, please contact:
Grace Bailon
Certification and Business Enhancement
t: +63 2 784 9400 local 230
The document summarizes a feasibility study for a proposed printing hub business. The printing hub will offer services like document printing, photocopying, business card printing, CAD plotting, and blue printing. It will be located in Marikina City and target customers will include students, teachers, and engineering/architectural firms. The study evaluates the market, technical requirements, financials, socio-economic impacts, and management structure to determine the viability of the business.
1) The document defines entrepreneurship, intrapreneurship, and technopreneurship. Technopreneurship refers to entrepreneurs who use technology as the driving factor in transforming resources into goods and services.
2) The differences between entrepreneurs and technopreneurs are discussed, with technopreneurs being more focused on innovation and technological changes.
3) The development of technopreneurship in Malaysia is discussed, with initiatives by the Malaysian government starting in 1996 to support technology SMEs and launching programs to fund business plans and prototypes.
Science and technology studies, or science, technology and society studies (STS) is the study of how society, politics, and culture affect scientific research and technological innovation, and how these, in turn, affect society, politics and culture.
The document provides a feasibility study for upgrading the systems at Cyberbiz Internet Cafe. It describes the current sole proprietorship model of the business and manually operated systems for login/logout, printing, and other services. The main problems identified are the cafe's slower internet speeds compared to competitors and the lack of a networked environment, which causes issues with monitoring usage times and infection risks. The study will analyze the current systems, identify economic and service issues, and provide recommendations for improvements.
Mang Inasal is the fastest growing barbecue fast food chain in the Philippines. It currently has over 445 branches nationwide employing over 10,000 employees. Mang Inasal was established in 2003 in Iloilo City and has since expanded to various cities including Bacolod, Iloilo, Roxas, Laguna, Metro Manila, Davao, Cagayan de Oro, Koronadal, Ozamiz, Iligan, Surigao, General Santos, Pagadian, Batangas, Lucena, and Cebu. The corporate office is located in Pasay City.
Business Environment in General Santos City and the Provinces of Sarangani an...Victor F. Melitante Jr.
The document provides an overview of the business environments in General Santos, Sarangani, South Cotabato, and surrounding areas. It discusses the key industries and economic activities in each location, including agriculture (coconut, pineapple, banana), fishing/aquaculture, real estate, tourism, and more. Major companies operating in the regions are also mentioned. The environment in each area is described as conducive to business and investment, with opportunities in various sectors.
University of the Philippines (UP) SWOT AnalysisLilliene Alleje
Our activity in Organization & Management is doing a SWOT analysis about Philippine universities and we chose UP. Should you not agree with our opinions, bear in mind that this is just our opinions about UP. Thank you
Challenges in the Hospitality Industry in the PhilippinesSGS
We surveyed participants at our first Hospitality Industry Forum on the major challenges encountered in the travel and hospitality industry in the Philippines.
We can work with you to craft, measure, analyze, monitor or continuously improve your corporate and functional strategies, in relation to the external and internal challenges that your industry/organization is facing right now.
For inquiries, please contact:
Grace Bailon
Certification and Business Enhancement
t: +63 2 784 9400 local 230
The document summarizes a feasibility study for a proposed printing hub business. The printing hub will offer services like document printing, photocopying, business card printing, CAD plotting, and blue printing. It will be located in Marikina City and target customers will include students, teachers, and engineering/architectural firms. The study evaluates the market, technical requirements, financials, socio-economic impacts, and management structure to determine the viability of the business.
1) The document defines entrepreneurship, intrapreneurship, and technopreneurship. Technopreneurship refers to entrepreneurs who use technology as the driving factor in transforming resources into goods and services.
2) The differences between entrepreneurs and technopreneurs are discussed, with technopreneurs being more focused on innovation and technological changes.
3) The development of technopreneurship in Malaysia is discussed, with initiatives by the Malaysian government starting in 1996 to support technology SMEs and launching programs to fund business plans and prototypes.
Science and technology studies, or science, technology and society studies (STS) is the study of how society, politics, and culture affect scientific research and technological innovation, and how these, in turn, affect society, politics and culture.
Introduction To The Internet Cafe Business PhilippinesGener Luis Morada
The document provides an overview of operating an internet cafe, including:
- A brief history of internet cafes originating as LAN shops in the late 1990s in the Philippines.
- Regulations internet cafes must follow, such as restrictions on student access and prohibited content.
- Requirements to legally operate an internet cafe business, including registrations, permits, licenses and following certain software licensing processes.
- Considerations for the type of computer system and equipment needed based on the target market and business model.
This document provides a business plan for a proposed computer shop called "AC Computer Shop" in Bulacan, Philippines. The summary is:
1) AC Computer Shop will offer internet access, computer rentals, printing, scanning and computer repair services to students, office workers and nearby residents.
2) The shop will be located along a major road near schools and government offices.
3) Market research found growing demand for internet services in the area. Strategies to attract customers include distributing flyers and using signage.
Cava Coffee Bar aims to provide a unique Arabian coffee experience with authentic Moroccan ambience. It will offer beverages, gourmet food, and sheesha in a warm, relaxed atmosphere. The business will target youth and families in Singapore, where coffee consumption is growing, by opening locations in strategic areas like Orchard Road and Clarke Quay. Marketing strategies will include advertisements, discounts, and positioning the brand as providing high quality products at reasonable prices. Financial projections estimate break-even will be reached in the second quarter of operations.
Science and technonology and nation building donna ruth talo
This document discusses the history of science and technology in the Philippines from pre-Spanish times to the present. It covers how indigenous knowledge was used for tasks like farming, tool-making, and navigation, as well as how foreign colonizers like Spain and the US influenced the development of Filipino S&T through formal education systems, infrastructure projects, and policies. It also evaluates current government policies aimed at boosting S&T to meet international standards and prepare the Philippines for a technology-driven world.
Brief history of science and technology of the PhilippinesJether Jorim Jayoma
This document provides a brief history of science and technology in the Philippines from the Stone Age to the Spanish Colonial Period. It describes how early Filipinos developed simple tools in the Stone Age and learned metallurgy during the Iron Age. By the 10th century AD, they were engaged in inter-island trade and had developed boat building technology. During the Spanish Colonial period, the Spanish introduced formal Western-style education and founded universities, focusing on fields like biology, chemistry, and medicine. They also contributed to engineering by constructing infrastructure.
Pretty Little Cupcakes is a bakery owned by Jessica Tisdell and Sarah Wentworth that aims to provide the best customer service and make people smile with delicious cupcakes. They plan to establish a business in the Hunter region of Australia selling small but flavor-packed cupcakes in a variety of flavors for $3.50 each. Pretty Little Cupcakes will cater to everyone and offer party packages with discounts. Their main competitors are McCafe, Butterfly Cakes, and Sweet Honey's, but Pretty Little Cupcakes believes their large variety of flavors and quality icings will give them an advantage in the market.
Infinitea is a franchising company focused on providing high quality milk tea and tea drinks. They offer hands-on training to franchise owners and rely on owner operations for success. The document discusses Infinitea's application requirements, mission to provide the best tea experiences using fresh ingredients, and goals to bring milk tea closer to customers. It also includes an analysis of the company's strengths, weaknesses, opportunities, and threats, as well as details of its marketing mix, strategies, and store operations.
This document outlines the curriculum for a Science, Technology and Society course. It is divided into three main sections: 1) Historical developments in science and technology and their influence on society, 2) How science and technology impact human well-being and quality of life, and 3) Specific contemporary issues at the intersection of science, technology and society like information technology, biotechnology, and nanotechnology. The course will examine these topics over 17 weeks through discussions of related thinkers, discoveries and intellectual revolutions that have defined and continue to shape our world.
The document discusses analyzing a company's external environment. It describes performing environmental scanning to identify key forces and using tools like PEST and SWOT analyses. PEST looks at political, economic, social, and technological factors. SWOT identifies strengths, weaknesses, opportunities, and threats. Together these tools help companies understand challenges and trends to develop effective strategies.
The document provides an introduction to concepts related to globalization and conditions in developing countries. It discusses how globalization refers to international integration of commodity, capital and labor markets. It also examines key events in recent rounds of globalization such as increased trade in services and foreign direct investment. Challenges faced by developing countries are also summarized, including winners and losers of trade liberalization as well as human rights and environmental concerns.
The business plan is for a company called Sweetbits that produces and sells various flavored sweets and snacks. The company aims to target customers with low budgets, especially students, by providing tasty yet affordable products. Sweetbits plans to ensure high product quality through careful manufacturing processes. Financially, the company forecasts earning a profit within its first week of operations. The marketing strategy involves promoting the products on campus and establishing brand loyalty through reward programs. Regulatory compliance and capital structure are also addressed in the business plan.
Sunshine Bakery is a new private bakery company being established in Gokwe, Zimbabwe by four partners. The business plan outlines the company's objectives to become a leading supplier of bread and bakery products to local retailers, schools, and businesses in the area. Startup costs are estimated at $7,000 with additional funding of $2,000. The bakery will offer breads, cakes, doughnuts, biscuits and sandwiches. Pricing strategies include low introductory prices to gain market share followed by cost-based and competitive pricing. Sales are forecast to increase by 30% in year two and 50% in year three as the bakery seeks to meet unfulfilled demand in the local
Entrepreneurship Lesson 1 Introduction to Entrepreneurship Pinoy StyleWilfred Dexter Tanedo
This document provides an overview of an entrepreneurship course for senior high school students. The course deals with concepts and principles of developing a business plan. It will cover topics like defining entrepreneurship, characteristics of entrepreneurs, importance of entrepreneurs, and creating and implementing a business plan. The course aims to discuss relevance, key concepts, career opportunities, and develop core competencies related to entrepreneurship. It will have modules on introduction to entrepreneurship, creating a business plan, implementation of the business plan, and presentation of a business report.
The 19th century witnessed major advances in science and technology, including the formulation of atomic theory, the periodic table, the law of conservation of energy, and discoveries in physics like the electron. Important innovations included the electric telegraph, dynamo, and transition to electricity powering machines. Science and technology continued advancing in the 20th century with computers, the internet, artificial intelligence, and other breakthroughs. The Philippines has a long history of science and technology dating before the Spanish arrival, and its development has been influenced by Spanish colonization, American rule, and emphasis under Marcos and subsequent governments.
Chap. 4 the search for sound business ideaEntrepreneurship Chapter 4Franklin Go
The document discusses sound business ideas and innovation. It explains that a sound business idea is an economic opportunity that is within the entrepreneur's reach and will provide desirable returns. It also discusses the importance of creativity in developing sound business ideas and outlines various techniques that can be used like brainstorming to generate new ideas.
Science is defined as the human attempt to understand the natural world through discovering facts and relationships to develop theories, while technology is defined as the human attempt to change the world by creating useful products using the findings of science. Science drives technology through scientific breakthroughs that enable new technologies, and technology drives science by allowing experiments that were not previously possible and shaping the questions scientists investigate based on available technologies. Examples of the interconnections between science and technology include engineers using scientific knowledge to develop products, some scientific experiments requiring enabling technologies to be possible, and technology not being able to advance without the underlying scientific discoveries.
The document discusses entrepreneurship and its relevance to economic development. It defines entrepreneurs as innovators who take risks to create new solutions. The key concepts covered include the common competencies of entrepreneurship such as innovation, risk-taking, research, and developing management skills. It also examines the personality and environmental factors that affect entrepreneurship. The core competencies are discussed as economic and dynamic activity, innovation, profit potential, and risk bearing. Finally, different types of entrepreneurs such as innovative, imitating, fabian, drone, and social entrepreneurs are explored.
1. INTRODUCTION TO TECHNOPRENEURSHIP.pdfssuser0af798
1) The document defines key terms related to technopreneurship including entrepreneur, entrepreneurship, technopreneur, intrapreneur, and differences between entrepreneurship and technopreneurship processes.
2) Examples are given of successful technopreneurs including the creators of the iPod and PlayStation.
3) Current technology development in Malaysia is discussed including the Multimedia Super Corridor initiative to develop small and medium tech enterprises and the Development Flagship program's objectives.
This UKTI report, written by The Economist Intelligence Unit, looks at how to foster an entrepreneurial mindset both through education systems and business experience, and what makes entrepreneurs thrive. Read more>>http://bit.ly/16vlYCB
Introduction To The Internet Cafe Business PhilippinesGener Luis Morada
The document provides an overview of operating an internet cafe, including:
- A brief history of internet cafes originating as LAN shops in the late 1990s in the Philippines.
- Regulations internet cafes must follow, such as restrictions on student access and prohibited content.
- Requirements to legally operate an internet cafe business, including registrations, permits, licenses and following certain software licensing processes.
- Considerations for the type of computer system and equipment needed based on the target market and business model.
This document provides a business plan for a proposed computer shop called "AC Computer Shop" in Bulacan, Philippines. The summary is:
1) AC Computer Shop will offer internet access, computer rentals, printing, scanning and computer repair services to students, office workers and nearby residents.
2) The shop will be located along a major road near schools and government offices.
3) Market research found growing demand for internet services in the area. Strategies to attract customers include distributing flyers and using signage.
Cava Coffee Bar aims to provide a unique Arabian coffee experience with authentic Moroccan ambience. It will offer beverages, gourmet food, and sheesha in a warm, relaxed atmosphere. The business will target youth and families in Singapore, where coffee consumption is growing, by opening locations in strategic areas like Orchard Road and Clarke Quay. Marketing strategies will include advertisements, discounts, and positioning the brand as providing high quality products at reasonable prices. Financial projections estimate break-even will be reached in the second quarter of operations.
Science and technonology and nation building donna ruth talo
This document discusses the history of science and technology in the Philippines from pre-Spanish times to the present. It covers how indigenous knowledge was used for tasks like farming, tool-making, and navigation, as well as how foreign colonizers like Spain and the US influenced the development of Filipino S&T through formal education systems, infrastructure projects, and policies. It also evaluates current government policies aimed at boosting S&T to meet international standards and prepare the Philippines for a technology-driven world.
Brief history of science and technology of the PhilippinesJether Jorim Jayoma
This document provides a brief history of science and technology in the Philippines from the Stone Age to the Spanish Colonial Period. It describes how early Filipinos developed simple tools in the Stone Age and learned metallurgy during the Iron Age. By the 10th century AD, they were engaged in inter-island trade and had developed boat building technology. During the Spanish Colonial period, the Spanish introduced formal Western-style education and founded universities, focusing on fields like biology, chemistry, and medicine. They also contributed to engineering by constructing infrastructure.
Pretty Little Cupcakes is a bakery owned by Jessica Tisdell and Sarah Wentworth that aims to provide the best customer service and make people smile with delicious cupcakes. They plan to establish a business in the Hunter region of Australia selling small but flavor-packed cupcakes in a variety of flavors for $3.50 each. Pretty Little Cupcakes will cater to everyone and offer party packages with discounts. Their main competitors are McCafe, Butterfly Cakes, and Sweet Honey's, but Pretty Little Cupcakes believes their large variety of flavors and quality icings will give them an advantage in the market.
Infinitea is a franchising company focused on providing high quality milk tea and tea drinks. They offer hands-on training to franchise owners and rely on owner operations for success. The document discusses Infinitea's application requirements, mission to provide the best tea experiences using fresh ingredients, and goals to bring milk tea closer to customers. It also includes an analysis of the company's strengths, weaknesses, opportunities, and threats, as well as details of its marketing mix, strategies, and store operations.
This document outlines the curriculum for a Science, Technology and Society course. It is divided into three main sections: 1) Historical developments in science and technology and their influence on society, 2) How science and technology impact human well-being and quality of life, and 3) Specific contemporary issues at the intersection of science, technology and society like information technology, biotechnology, and nanotechnology. The course will examine these topics over 17 weeks through discussions of related thinkers, discoveries and intellectual revolutions that have defined and continue to shape our world.
The document discusses analyzing a company's external environment. It describes performing environmental scanning to identify key forces and using tools like PEST and SWOT analyses. PEST looks at political, economic, social, and technological factors. SWOT identifies strengths, weaknesses, opportunities, and threats. Together these tools help companies understand challenges and trends to develop effective strategies.
The document provides an introduction to concepts related to globalization and conditions in developing countries. It discusses how globalization refers to international integration of commodity, capital and labor markets. It also examines key events in recent rounds of globalization such as increased trade in services and foreign direct investment. Challenges faced by developing countries are also summarized, including winners and losers of trade liberalization as well as human rights and environmental concerns.
The business plan is for a company called Sweetbits that produces and sells various flavored sweets and snacks. The company aims to target customers with low budgets, especially students, by providing tasty yet affordable products. Sweetbits plans to ensure high product quality through careful manufacturing processes. Financially, the company forecasts earning a profit within its first week of operations. The marketing strategy involves promoting the products on campus and establishing brand loyalty through reward programs. Regulatory compliance and capital structure are also addressed in the business plan.
Sunshine Bakery is a new private bakery company being established in Gokwe, Zimbabwe by four partners. The business plan outlines the company's objectives to become a leading supplier of bread and bakery products to local retailers, schools, and businesses in the area. Startup costs are estimated at $7,000 with additional funding of $2,000. The bakery will offer breads, cakes, doughnuts, biscuits and sandwiches. Pricing strategies include low introductory prices to gain market share followed by cost-based and competitive pricing. Sales are forecast to increase by 30% in year two and 50% in year three as the bakery seeks to meet unfulfilled demand in the local
Entrepreneurship Lesson 1 Introduction to Entrepreneurship Pinoy StyleWilfred Dexter Tanedo
This document provides an overview of an entrepreneurship course for senior high school students. The course deals with concepts and principles of developing a business plan. It will cover topics like defining entrepreneurship, characteristics of entrepreneurs, importance of entrepreneurs, and creating and implementing a business plan. The course aims to discuss relevance, key concepts, career opportunities, and develop core competencies related to entrepreneurship. It will have modules on introduction to entrepreneurship, creating a business plan, implementation of the business plan, and presentation of a business report.
The 19th century witnessed major advances in science and technology, including the formulation of atomic theory, the periodic table, the law of conservation of energy, and discoveries in physics like the electron. Important innovations included the electric telegraph, dynamo, and transition to electricity powering machines. Science and technology continued advancing in the 20th century with computers, the internet, artificial intelligence, and other breakthroughs. The Philippines has a long history of science and technology dating before the Spanish arrival, and its development has been influenced by Spanish colonization, American rule, and emphasis under Marcos and subsequent governments.
Chap. 4 the search for sound business ideaEntrepreneurship Chapter 4Franklin Go
The document discusses sound business ideas and innovation. It explains that a sound business idea is an economic opportunity that is within the entrepreneur's reach and will provide desirable returns. It also discusses the importance of creativity in developing sound business ideas and outlines various techniques that can be used like brainstorming to generate new ideas.
Science is defined as the human attempt to understand the natural world through discovering facts and relationships to develop theories, while technology is defined as the human attempt to change the world by creating useful products using the findings of science. Science drives technology through scientific breakthroughs that enable new technologies, and technology drives science by allowing experiments that were not previously possible and shaping the questions scientists investigate based on available technologies. Examples of the interconnections between science and technology include engineers using scientific knowledge to develop products, some scientific experiments requiring enabling technologies to be possible, and technology not being able to advance without the underlying scientific discoveries.
The document discusses entrepreneurship and its relevance to economic development. It defines entrepreneurs as innovators who take risks to create new solutions. The key concepts covered include the common competencies of entrepreneurship such as innovation, risk-taking, research, and developing management skills. It also examines the personality and environmental factors that affect entrepreneurship. The core competencies are discussed as economic and dynamic activity, innovation, profit potential, and risk bearing. Finally, different types of entrepreneurs such as innovative, imitating, fabian, drone, and social entrepreneurs are explored.
1. INTRODUCTION TO TECHNOPRENEURSHIP.pdfssuser0af798
1) The document defines key terms related to technopreneurship including entrepreneur, entrepreneurship, technopreneur, intrapreneur, and differences between entrepreneurship and technopreneurship processes.
2) Examples are given of successful technopreneurs including the creators of the iPod and PlayStation.
3) Current technology development in Malaysia is discussed including the Multimedia Super Corridor initiative to develop small and medium tech enterprises and the Development Flagship program's objectives.
This UKTI report, written by The Economist Intelligence Unit, looks at how to foster an entrepreneurial mindset both through education systems and business experience, and what makes entrepreneurs thrive. Read more>>http://bit.ly/16vlYCB
CHALLENGES LIKELY TO BE FACED BY AN ENTREPRENEUR IN A COUNTRY LIKE INDIA FINA...abhijeet verma
This document discusses challenges faced by entrepreneurs in India. It begins by introducing entrepreneurs and their role in economic growth. In India, many youth lack skills and education exposes most to only seeking jobs rather than entrepreneurship. Entrepreneurs face challenges such as lack of funding, mentorship, and operational difficulties. The government is working to address this through policies focused on skills and entrepreneurship. The rest of the document categorizes Indian entrepreneurs based on various factors such as sector, revenues, employment levels, age, background, gender, location, and time period. It provides statistics on the makeup of entrepreneurs across these categories.
This document summarizes research on inspiring youth enterprise. It profiles three young entrepreneurs - Jason Gibbs who founded a university comparison website, Irina Alionte who started fitness events in nightclubs, and Emma Agese who created a natural hair product line. The entrepreneurs overcame challenges through determination, mentors, and tapping resources like start-up loans. Youth face barriers to entrepreneurship like lack of business knowledge and fear of failure. The report advocates for enterprise education that teaches practical skills over theory and spotlights real businesses. It concludes with recommendations to support young entrepreneurs.
This document discusses small and medium-sized enterprises (SMEs) and their importance globally and in Peru. Some key points:
SMEs are important as they provide entry level opportunities for workers and transition them from informal work to more formal productive roles. Globally, SMEs employ around 76% of the world's workforce. They also drive innovation as they are more tolerant of risk.
However, SMEs face significant challenges as over 50% fail within 5 years. Major barriers include high regulatory costs of formalization. In Peru specifically, around 74% of SMEs operate informally and initiatives to support formalization have had mixed results. While programs have helped some SMEs, the scale
The Barbadian Entrepreneurship Context, A Youth PerspectiveKeeley Holder
A review of Barbadian Entrepreneurial Culture, looking at the difference between a small business owner and an entrepreneur and the development of Barbados and how it has influenced the entrepreneurial mindset
Successful young entrepreneurial innovators have achieved something akin to rockstar status. They grace magazine covers and keynote global conferences, inspiring burgeoning
start-ups and Fortune 50 companies alike.
Collectively, young entrepreneurs are innovative by nature and their thinking is an important source of growth and job creation across the world. Today, with digital tools in hand, leaders are better positioned to expand their businesses across borders, seize niche opportunities and shape the global economic future.
Yet, most of today’s young entrepreneurs want more than status and a global corporate footprint. Their ideas of success arise from powerful social, political and economic convictions.
To find out what really makes young innovators tick, The Economist Intelligence Unit, sponsored by FedEx, surveyed more than 500 of these young entrepreneurs around the globe about their motivations, ideals and priorities. Our survey respondents were between 25 and 50 years of age and all founders, owners or partners of firms with fewer than 500 employees. They are living in North America, Europe, Middle
East, India and Africa, Asia-Pacific, and Latin America. We surveyed them on matters of globalization, technology and social values.
We then compared their views with a similar survey of the general public in the same regions. Side by side, these surveys enabled us to differentiate the outlooks of today’s young and innovative entrepreneurs.
Our surveys identified four key mindsets that guide young entrepreneurs: leading with passion; thinking globally; embracing social responsibility; and banking on connectivity. This report explores the similarities and divergences of today’s young entrepreneurs and the general public. It seeks insights into the elements of the business environment that matter most to entrepreneurs, as well as their views on a variety of issues including free trade and social responsibility.
Youth Entrepreneurship: Opportunities and Challenges in Indiaiosrjce
This paper focuses and provides an insight into the current scenario of today’s engineering
graduates; the careers opted by various engineering students, either jobs or higher education. The role of these
young and dynamic students with potential in entrepreneurship is been focused and given a broader aspect.
Attention is also given on the current challenges that are faced by the young entrepreneurs and what
opportunities lay for them in entrepreneurship. Some suggestions on possible roles of government, educational
and financial institutes are also listed. Along with this, a case study on Aspiring Young Entrepreneurs is
discussed where undergraduate students of Walchand College of Engineering, Sangli mutually endeavor to gain
entrepreneurial skills collectively.
Small–medium enterprise formation and nigerian economic growthYing wei (Joe) Chou
This document discusses small-medium enterprises (SMEs) and their relationship to economic growth in Nigeria. It provides background on SMEs in Nigeria, noting they account for a large share of employment and output but the country still faces high unemployment, poverty, and low human development. The paper reviews literature on the importance of SMEs in creating jobs, innovation, and knowledge transfer. It also discusses theories of entrepreneurship and entrepreneurial development. The purpose is to empirically examine the link between SME formation, employment, and economic growth in Nigeria using statistical techniques like error correction modeling and cointegration testing.
Small–medium enterprise formation and nigerian economic growthYing wei (Joe) Chou
This document examines the relationship between small-medium enterprise (SME) formation and economic growth in Nigeria. It finds that while the number of SMEs in Nigeria has increased, leading to some economic growth, an increase in micro, small and medium enterprises has not contributed as much to development as existing businesses. The employment created by new SMEs has been the most important factor driving economic growth and reducing unemployment. The paper uses an error correction model approach to analyze how persistent increases in SME formation can improve Nigeria's economic growth and development over the long run.
Financial Literacy and Financial Performance of Small and Medium Enterprises ...ijtsrd
This document examines the relationship between financial literacy and financial performance among small and medium enterprises (SMEs) in Lagos State, Nigeria. It reviews literature on key concepts like financial education, knowledge, behavior, and performance. A survey was conducted of 384 SMEs across Lagos State. Regression analysis revealed a relationship between financial literacy and performance. Specifically, SMEs in Lagos State were found to lack financial education and knowledge, have poor cash flow management and financial discipline, undermining their financial performance. The study recommends that SMEs engage accountants and financial training to improve literacy and enable better financial growth.
This document summarizes the challenges of youth employment in Tanzania. It finds that while Tanzania has experienced high GDP growth, it has failed to create enough productive jobs. With nearly 1 million new entrants to the labor market annually and low earnings, youth struggle to find meaningful employment. Formal sector jobs remain limited while the majority of youth work in low-skilled agriculture or the informal sector. Education quality is poor, resulting in a mismatch between the skills youth possess and the needs of the market. Current interventions to address youth unemployment lack coordination, evidence of effectiveness, and sufficient scale. The document identifies a need for further research to better understand effective policies and interventions.
This document summarizes a research paper that studied the determinants of financial literacy in the MIMAROPA region of the Philippines. The study aimed to assess the level of financial literacy in rural areas and determine if residents are able to effectively manage their money. The researchers conducted a quantitative survey and found that average income and savings had little influence on financial literacy, while educational attainment and marital status had more impact. Overall, the study concluded that financial literacy levels are low in the region, particularly among women and less educated groups. Improving access to financial education was proposed as a way to empower residents and boost their economic standing.
Youth entrepreneurship - recommendations for actionInnovation Tank
This document provides recommendations for supporting youth entrepreneurship. It discusses how youth entrepreneurship can help reduce unemployment and stimulate economic growth. The key recommendations are:
1) Businesses, governments, and civil society organizations should work together to address youth unemployment by promoting entrepreneurship opportunities.
2) Entrepreneurship training and support programs can provide long-term benefits for young entrepreneurs and the wider economy.
3) While entrepreneurship is not for everyone, many young people can succeed as entrepreneurs if given the proper encouragement and resources. Coordinated action from all sectors of society is needed to help unlock young people's potential.
The economic and business case for global LGB&T inclusion.
Open For Business is a coalition of global companies making the case that inclusive, diverse societies are better for business and better for economic growth. The purpose of the coalition is to promote a positive business and economic case for equality of opportunity for everyone, all across the world.
They have published a comprehensive report, written by Brunswick partners, Jon Miller and Lucy Parker, which shows that successful businesses thrive in open, diverse and inclusive societies.
For more information visit: www.open-for-business.org
The document provides information about the Business Education & Entrepreneurial Skills Training (BEST) program run by Save the Children in Mongolia. The BEST program aims to empower Mongolian youth through hands-on business and entrepreneurship education. It will introduce an innovative after-school program teaching these skills to 14-17 year olds. The program seeks to address Mongolia's lack of entrepreneurship education and high youth unemployment by developing students' business mindsets and helping them explore career options. It plans to partner with schools, universities, donors and businesses to establish this comprehensive training initiative.
HISTORY OF ENTREPRENEURSHIP DEVELOPMENT.docxmuhwezijonas
Uganda has strong potential for economic growth but faces high youth unemployment. While the economy has grown at 7% annually, this growth has not generated sufficient jobs. Lack of skills matching market needs contributes to the unemployment problem. Entrepreneurship is seen as an alternative career path due to the desire for independence, lack of job opportunities, and prospects for increased income. The government is working to promote entrepreneurship through training programs and financial support. Entrepreneurship brings benefits like job creation, innovation, community development, and raising living standards.
The Relationship between Financial Literacy Reporting and Profitability of Sm...ijtsrd
The research was carried out to empirically examine the effect of financial literacy reporting on the profitability of small scale enterprises in Bayelsa state, Nigeria. Sample of small scale enterprises in Yenagoa city of Bayelsa state was taken, Linear Regression with Ordinary Least Square was used to test the hypotheses with the aid of SPSS version 20.0. The findings of the study revealed that there is a significant relationship between financial literacy reporting and profitability of small scale enterprises. The study recommended that it is evident that financial behavior is an important contributor to profitability of SMEs, and that a statewide financial literacy week campaign be instituted by ministries and agencies in collaboration with SME and well targeted at business owners in rural areas, financial institutions should observe thoroughly the type of businesses, knowledge in the type of businesses etc. before granting loans to small scale enterprises, access to finance is not necessarily a route to success for small scale enterprises but crucially, they need mentorship and business skills transfer to make the transition to becoming established in the formal sector and, in addition to other recommendations, SMEs must hire financial experts to help them manage their businesses as well as to deal with the issue of financial record keeping. Okpobo Timinipre Joseph | Dr. Odogu Laime Isaac "The Relationship between Financial Literacy Reporting and Profitability of Small and Medium Enterprises in Bayelsa State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-5 , October 2023, URL: https://www.ijtsrd.com/papers/ijtsrd60020.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/60020/the-relationship-between-financial-literacy-reporting-and-profitability-of-small-and-medium-enterprises-in-bayelsa-state/okpobo-timinipre-joseph
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
Temple of Asclepius in Thrace. Excavation resultsKrassimira Luka
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
🔥🔥🔥🔥🔥🔥🔥🔥🔥
إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
🔥🔥🔥🔥🔥🔥🔥🔥🔥
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
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Slideshare: http://www.slideshare.net/PECBCERTIFICATION
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
1. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
SUCCESS STORIES OF
ENTREPRENEURS
Partial Fulfillment of the Course Requirements in The Entrepreneurial Mind
(SOCSC12)
Submitted by:
Caoitan, Jay-Ar A.
Gonzales, Mae Angela
Mata, Princess Mae
Oducayen, Nicole G.
Pasion, Shaina Gwen S.
Pinpin, Gian Carlo D.
Salceda, Angelica A.
Salpid, Leigh Ann G.
BS in Cooperative Management 1-A
Submitted to:
MS. REMALYN D. DELA ROSA
Instructor
First Semester
Academic Year 2021-2022
2. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Chapter I. INTRODUCTION
All over the world people live who want to realize their wishes and desires by
founding a new company. Furthermore, the interest regarding to entrepreneurship rises.
Many academies give classes about how to create and handle ideas, start a business and
communicate necessarily know how, although working for a fast-growing firm seems to be
easier than to start an own business. The decision to become self-employed is among
others affected by various factors that have an impact with different intensities on
individuals.
Entrepreneurship is central to the functioning of market economies. Entrepreneurs
are agents of change and growth in a market economy and they can act to accelerate the
generation, dissemination and application of innovative ideas. In doing so, they not only
ensure that efficient use is made of resources, but also expand the boundaries of
economic activity. Entrepreneurs not only seek out and identify potentially profitable
economic opportunities but are also willing to take risks to see if their hunches are right.
While not all entrepreneurs succeed, a country with a lot of entrepreneurial activity is likely
to be constantly generating new or improved products and services.
International
International Entrepreneurship occurs when an entrepreneur travels to other nations to
run and operate their firm. These are the industries that operate beyond national borders.
Exporting goods, licensing, and opening a sales office in another country are
all examples of entrepreneurship. Under this, an entrepreneur conducts all business
operations outside of the country's borders, indicating the expansion of the firm on a
global scale. The majority of enterprises transcend national borders to build value. A
3. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
diverse range of inventive actions carried out by the majority of firms across borders,
enhancing those prospects to generate some new items and services.
Entrepreneurship is one of the most important driving factors behind the rise of
economies, individual and regional wealth, and social progress. It will only occur in
developing and rising markets centred on both commercial sectors and democratic political
institutions. Another compelling reason to pursue international entrepreneurship is that if a
company's local sales are relatively low, it is preferable to expand beyond national borders.
When a high degree of maturity has been attained in the home market, it is the optimum
moment to transition to international entrepreneurship and maximise profits.
In a summary, International Entrepreneurship is described as the worldwide
development of a new business, with their operation domain regarded internationally from
the very first phases of operations.
Global entrepreneurships monitor and its most recent data from 2013 shows that
the level of entrepreneurial activity in Indonesia is high; furthermore, it is notable that both
men and women are equally likely to be engaged in entrepreneurial activities. On the other
hand, the United States has only twelve percent of entrepreneurial intentions, also known
as the tendency, to be entrepreneurs. It is often argued that this dynamism and flexibility
has enabled the US economy to adapt to changing economic circumstances
and recover from recessions in a robust manner. While the evidence provides broad
support for this view, the outcomes of entrepreneurship are more heterogeneous than
commonly appreciated and appear to be evolving in ways that could raise concern.
Evidence along a number of dimensions and a variety of sources points to a US economy
that is becoming less dynamic of particular interest are declining business startup rates
4. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
and the resulting diminished role for dynamic young businesses in the economy.
In today's era, the global aspiration of an entrepreneur is Entrepreneurship, and
after the firm has covered all regions inside its own country, they will consider going on to
International Entrepreneurship. It is beneficial to increase business values in the home
market. There are 582 million entrepreneurs worldwide (MARKINBLOG, 2020). Though
they may be found all over the world, there are a few regions where entrepreneurs, both
present and prospective, congregate. This is mostly due to the excellent assistance and
infrastructure provided by these locations. The World Bank's Ease of Doing Business index
ranks economies according to how receptive they are to new businesses. In the 2019
edition, New Zealand was placed #1 out of the 189 nations and territories studied.
Singapore, Hong Kong, Denmark, and South Korea are the next in line. Otherwise, the US
is placed sixth on the list, with particularly excellent scores in the categories of ease of
resolving insolvency (second) and accessing credit (third) (fourth).
On the other hand, several sectors, such as Coca-Cola, Nike, McDonald's, BMW,
Puma, Philips, and Tata, have created countless multinational entrepreneurs. However,
the most well-known entrepreneurs come from the technological world, where they began
with a tiny endeavour and grew it to a worldwide scale. Apple was founded by Steve Jobs,
Google was founded by Larry Page and Sergey Brin, Microsoft was founded by Bill Gates,
Facebook was founded by Mark Zukerberg, Yahoo was founded by Jerry Yang and David
Filo, Amazon was founded by Jeff Bezos, Alibaba was founded by Jack Ma, and Tiktok
was founded by Zhang Yiming.
5. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Entrepreneurship in the Philippines ( National)
The Philippine Global Entrepreneurship Monitor Report for 2006-2007 has documented
the profile of Filipino entrepreneurs (Madarang & Habito, 2007). According to the report,
39.4% of Filipinos are engaged in entrepreneurial activities. Fifty-two percent of these
entrepreneurs are engaged in early stage activity or in business between 3 months to 3.5
years. Forty-eight percent are established businesses existing for more than 3.5 years.
Businesses have an average capital of P10,000. A typical Filipino entrepreneur is male,
married, 25-44 years old, high school graduate, and comes from the low income group.
They are driven by necessity and more than half are engaged in retail trade. There is very
little application of technology and minimal use of innovation. Seventy percent are
engaged in businesses that do not generate employment since the entrepreneur assumes
all the functions of the business. Most of the businesses employ less than four employees
and very few have 20 employees or more. Filipino entrepreneurship has very poor
employment generation activity. Business engagement is only done on a local basis and
very few are engaged in exportation. There is very little growth and long-term view of the
business. However, Filipino entrepreneurs see business opportunities and are highly
confident that they have the knowledge and skills needed to do business. Yet in what
seems to be a contradictory attitude, they fear failure and have a very low tendency to
take risks.
Local
Community-based entrepreneurship is considered to be an important instrument
for the realization of potential among marginal and deprived communities isolated from
the mainstream economy and is important in bringing social upliftment. Cultural values,
shared resources, linkages, and mutual trust work for the community, nurtured through
6. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
close personal relations for the functioning of economic activities. Entrepreneurial
activities creating local public goods for a community have a comparative advantage over
the absolute market-oriented activities. The micro-businesses and small business owners
in Ilocos Norte is relatively young dominated by college graduate and married women.
Most of them have not attended seminars and training and are not members of
professional organizations. The small business owners, on the other hand, are also
relatively young, dominated by college graduate and married men. They have attended
seminars and trainings and are members of professional organizations. Majority of the
micro-businesses in Ilocos Norte have existed for less than 5 years engaged in retailing
and are sole proprietor. Majority of the micro-businesses in Ilocos Norte started with less
than P 500,000.00 as initial capital from their savings and hired 1-2 employees who are
usually family members. Lastly, they are averaging below P 150,000 annual sales.
On the other hand, small businesses in Ilocos Norte have existed for at least five
years and are engaged in retailing and are sole proprietors. Majority of them have at least
10 employees. Micro business and small business owners have the capability to handle
and manage businesses as revealed by their level in the personal entrepreneurial
competencies survey. Micro-entrepreneurs of Ilocos International Journal of Academic
Research in Business and Social Sciences July 2013, Vol. 3, No. 7 ISSN: 2222-6990 440
www.hrmars.com/journals Norte observe moderate level of management practices while
small business owners observe high level of management practices.
With this, local entrepreneurs’ purposes is to alleviate poverty, development
agencies and multinational organizations have been greatly involved in interventions in
the developing world for many decades. It has been observed that the most widely
7. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
adopted approaches have often been paternalistic, even if unintentionally, while ignoring
the strength of local institutions (Davis 1993). Most of the poverty alleviation programs
have degenerated into “charity” rather than building the local and durable self-reliance
(Burkey, 1993). It is evident that the real effect of developmental interventions has been
compromising in respect to community development and eventually contributes to the
creation of real poverty rather than alleviation (Cornwall 1998; Crewe, and Harrison 1998;
Sachs 1992).
Therefore, entrepreneurs occupy a dominant position in the economy.
Entrepreneurs actively pursue disequilibrium in the wants and needs of customers, and the
goods and services that are available. They use their energy, creativity, intrinsic
motivation, and passion to generate a solution to this imbalance in a market place, and
thus businesses are born. However, entrepreneurship is not an end location, but a
process.
Chapter II. STORIES OF SUCCESSFUL ENTREPRENEURS
A. INTERNATIONAL
A.1 Michael Kors
1.1 Quick Facts
Michael David Kors (born Karl Anderson Jr.) is the honorary chairman
and chief executive officer of the luxurious brand Michael Kors with a net worth
as of 2021 at $600 million. He is born on August 9, 1959 at Long Island, New
York. His mother is Joan Hamburger and his biological father is Karl Anderson
8. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Sr. His biological parents separated and his mother met businessman Bill Kors
and his mother suggested that he changed his first name as he was also getting
his last name changed. Michael Kors is married to his long time gay partner
Lance La Pere who was the vice president of Michael Kors Women’s Design in
August 2011.
1.2 Education
Kors attended high school at John F. Kennedy High School and attended
Fashion Institute of Technology in New York City in 1970s. He preferred the city
more than the school that is why he dropped out after two semesters. Later on
he began working at Lothar's, a French boutique, in 1978, where he was able
to design and retail his first fashion collection. Kors was able to launch his own
fashion line as a result of the well-received collection. Michael Kors' Women's
Collection debuted in May 1981 and was offered at Bergdorf Goodman and
Saks Fifth Avenue, among other high-end boutiques.
9. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
1.3 Work History
Kors' winning combination of basic, exquisitely cut apparel and sweetly
compelling sales skills proven to be a winning one. Kors performed "trunk
shows" at private houses across the United States. He persuaded Anna
Wintour, then the editor of New York magazine and now the editor of Vogue, to
see his collection when he was 23 years old. Kors showed the collection on his
bed in his flat, rather than in the glamorous Madison Avenue displays he would
eventually have. From humble beginnings, he quickly gained famous fans,
including Barbara Walters, and won accolades for his designs.
Kors' company, however, was forced to reorganize under Chapter 11
bankruptcy in 1990. Kors established KORS Michael Kors, a lower-priced line,
after regaining his footing. In 1997, he was named creative director of Celine, a
French fashion house. He proceeded to grow his own brand during his six years
in that post, creating menswear, accessories, and perfume lines. In 2003, he
received the Council of Fashion Designers of America's renowned Menswear
Designer of the Year award, the highest honor in American fashion.
1.4 Brief Background of Business and Products Offered
As of today, Michael Kors is a world-renowned, award-winning designer
of luxury accessories and ready-to-wear. His namesake company, established
in 1981, currently produces a range of products under Michael Kors Collection,
MICHAEL Michael Kors and Michael Kors Mens, including accessories, ready-
to-wear, footwear, wearable technology, watches, jewelry, and a full line of
10. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
fragrance products. Michael Kors stores are operated in the most prestigious
cities in the world, including New York, Beverly Hills, Chicago, London, Milan,
Paris, Munich, Istanbul, Dubai, Seoul, Tokyo, Hong Kong, Shanghai and Rio de
Janeiro. In addition, Michael Kors operates digital flagships across North
America, Europe and Asia, offering customers a seamless omni-channel
experience.
1.5 Entrepreneurial Characteristics
Perseverance and determination definitely made him successful
because his brand came a long journey, and even went bankrupt, before being
a luxurious brand known worldwide today. He also mentioned in a 20/20
interview that the key to his success was expanding his line to appeal to women
at every size and every price point, meaning that he is considerate and
compassionate in doing his job as a designer to cater the needs and what fits his
customers.
1.6 Quotes of the Entrepreneur
Kors have many remarkable and inspiring quotes and here are only some
of them:
“I know what women look good in. I don’t think the rules ever change.”
“Great style means having a point of view, but evolving your look is
even more important. Rushing to embrace every trend will leave you
fashionable, but not stylish.”
“Learn to invest in the best quality you can afford and wear pieces in
different ways.”
11. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
A.2 LARRY PAGE
2.1 Quick Facts
Lawrence Edward Page or also known as Larry Page by the public, is
an American business magnate, Internet entrepreneur, and computer scientist
who was born on March 26, 1973 (age 48) at East Lansing, Michigan, United
States and he is best known as one of the co-founders of Google. Both his
father (Carl Victor Page Sr.) and his mother (Gloria Page) were computer
science professors at Michigan State University. He also had an older brother
(Carl Victor Page Jr.), who is also a computer entrepreneur, and a younger
sister (Beverly Page) who stays in the shadow that’s why not much is known
about her. He married Lucinda “Lucy” Southworth in 2007 at the Caribbean
Island (Necker Island) owned by Richard Branson and they were blessed by 2
children, born in 2009 and 2011 but they kept their information (e.g., name,
gender, etc.) secret. Moreover, as of December 2019, his position is one of the
Board members and a controlling shareholder of Alphabet Inc., the parent
company of Google. As of 2021, his net worth was estimated to $91.5 billion
and he was also listed (8th place) as one of the richest people in the world in
2021 by Forbes.
2.2 Education
Page first attended the Okemos Montessori School (now called
Montessori Radmoor) in Okemos, Michigan, from the age of 2 (1975) until 1979.
Then he continued his education in East Lansing High School, where he
12. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
graduated in 1991. He also attended Interlochen Center for the Arts as a
saxophonist for two summers while in high school. And he pursued a Bachelor
of Science in computer engineering from the University of Michigan. Later, he
enrolled for his Master of Science in computer science from Stanford University
where he could not complete his PhD because of his business ventures.
2.3 Work History
While at the University of Michigan, Page created an inkjet printer made
of Lego bricks (literally a line plotter) after he thought it possible to print large
posters cheaply using inkjet cartridges. He reverse-engineered the ink cartridge
and built all of the electronics and mechanics to drive it. He also developed a
business plan for a company that would use software to make a music
synthesizer during this time.
Accordingly, in 1996, he and Sergey Brin built a search engine called
‘BackRub’. They decided to incorporate this project as a company where it was
officially incorporated in 1998 under the name ‘Google’, which is one of the most
used search engines in the world. And Page ran Google as CEO until 2001, but
he wasn’t happy about having to relinquish his CEO spot at first, but he
gradually became comfortable because of him being less involved in the day-
to-day management of the company. However, in 2011, he decided to take
back the CEO position and reorganized the company’s senior management. He
continued leading Google until 2015, where the company was reorganized as
a wholly-owned subsidiary of Alphabet Inc., and Page became the CEO of
13. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Alphabet Inc. instead. However, he stepped down again from his CEO position
in December 2019 and remained as controlling shareholder of Alphabet Inc.
2.4 Brief Background of the Business
The story of Google begins in 1995 at Stanford University, where Larry
Page and Sergey Brin met. In 1996, they built a search engine called ‘BackRub’
and was operated on Stanford servers for several months. Then they decided
to incorporate their project as a company and Andy Bechtolsheim, co-founders
of Sun Microsystems, played a significant role in financing their company as he
wrote a check for $100,000 to the entity that had not even come into existence
as yet. Finally, on September 4, 1998, the project was officially incorporated as
a company under the name ‘Google’ and was located at Menlo Park, California,
United States. And Eric Schmidt was the one who was appointed as the CEO
in 2001, while Page and Brin became the presidents of products and
technology, respectively.
Google’s business concept focused on building a powerful search
engine based on algorithms that help people sort through vast amounts of
content to deliver accurate results for each search query. In 2015, Google was
reorganized as a wholly-owned subsidiary of Alphabet Inc., where its ‘core bets’
part comprises of Google, Android, YouTube, and Google Cloud, and the rest
of its business is called ‘other bets’. Its headquarters is located at 1600
Amphitheatre Parkway, Mountain View, California, United States.
14. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Furthermore, Google invested in many other novel technologies that can
enrich its portfolio of business and they are also investing in those smaller
companies. Hence, as of August 2021, Google owns approximately 232 other
companies besides its original internet subsidiary, where it acquired span
industries such as social platforms, advertising, cybersecurity, etc.
2.5 Innovations/Products/Services Offered
As we all know, Google is one of the most used search engines globally
because of its continuous advanced innovations. For instance, it became a
universal search because the search results are not only limited to text as
before but also videos, images, news, and many other contents that can be
searched can be seen. Another is that Google isn’t just available on phones
and tablets anymore, but watches and glasses now have Google too.
Furthermore, over the years, Google has acquired a variety of products and
services under its name that can be placed into three distinct categories,
namely: Desktop products (Chrome, Toolbar, Desktop, etc.); Mobile products
(YouTube, Gmail, Google Maps Navigation, etc.); and Web Products (Buzz,
iGoogle, Reader, etc.). However, Google’s most prominent products and
services revolve around its web services, notably known as the following:
Google Search, Gmail, Google Docs, Google Maps, and Google Wave.
2.6 Entrepreneurial Characteristics
Page is one of the most successful and great entrepreneurs of the world
and he possesses many excellent entrepreneurial characteristics. First, he is
15. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
an effective leader because he always leads from the front, trusts the
capabilities of his teams, strives to provide his teams an opportunity to improve
their self, and is fully engaged in the organizational activities of Google. Second,
he is an extrovert who loves to share his idea. For instance, he was open about
what he was expecting of ‘BackRub’, which made him able to establish a
research partnership with Brin, which turned into a business partnership. Third,
he is a committed person because he listens and appreciates ideas from other
people and has the capability to communicate effectively to his team. Fourth,
he is a futuristic person where he believes in new experiences and innovation
that enabled Google to grow from a single search engine to a world-leading
company with many innovative subsidiaries such as Android, Gmail, etc. Lastly,
he is innovative because, under his leadership, Google has incorporated a
system of innovation that focuses on identifying future opportunities and
working in effective teaks to exploit these opportunities.
2.7 Quotes of the Entrepreneur
“We want to build technology that everybody loves using, and that affects
everyone. We want to create beautiful, intuitive services and
technologies that are so incredibly useful that people use them twice a
day. Like they use a toothbrush. There aren't that many things people
use twice a day.”
“You don’t need to have a 100 person company to develop that idea.”
16. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
“Lots of companies don't succeed over time. What do they fundamentally
do wrong? They usually miss the future. I try to focus on that: What is
the future really going to be? And how do we create it? And how do we
power our organization to really focus on that and really drive it at a high
rate?”
“Always deliver more than expected.”
“My job as a leader is to make sure everybody in the company has great
opportunities, and that they feel they're having a meaningful impact and
are contributing to the good of society. As a world, we're doing a better
job of that. My goal is for Google to lead, not follow that.”
“If you’re not some things that are crazy, then you’re doing the wrong
things”
“It's important that the company be a family,that people feel that they're
part of the company, and that the company is like a family to them. When
you treat people that way, you get better productivity.”
“Sometimes it’s important to wake up and stop dreaming. When a really
great dream shows up, grab it.”
“You never lose a dream, it just incubates as a hobby.”
“The only way you are going to have success is to have lots
of failures first.”
17. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
B. NATIONAL
B.1 ALFREDO YAO
1.1 Quick Facts
After the second world war, there was an ethnic Chinese couple who
peddled household goods in the street of Manila, they were Chun Yao and
Soledad Yao. As this couple continue to live in the streets of Manila, they were
blessed with six (6) children. In the year 1943, their firstborn have been brought
to the world and they named him Alfredo, and no one knew that this man will
be a part of the richest men in the Philippines having a net worth of $200M as
of September 7, 2021, and was titled as the “Juice King of the Philippines”.
Currently, Alfredo Yao is 77 years old, turning 78 this coming November 23. He
is married to Linda Yao and was blessed with three (3) children. As of now, Mr.
Yao holds the position as the Vice Chairman of Export & Industry Bank while
holding a lot of other board memberships at the same time.
1.2 Education
As the young Alfredo Yao continues to grow, even if they were struggling
financially, he was to finish his elementary and secondary schooling with the
help of their relatives albeit there was no feasible information as to what specific
school did he attend for his primary education. As to his tertiary education, he
was enrolled in Mapua Institute of Technology for two years but he dropped out
due to the lack of funds. But later on, he came back to the same institution to
finish his tertiary education and got the degree in Engineering in 1962.
18. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Furthermore, he then enrolled at the Polytechnic University of the Philippines
and earned a Ph.D. in Business Administration Honoris Causa.
1.3 Work History
Mr. Alfredo Yao has a very diverse work experiences, at the age of 12,
he became a sidewalk vendor. At 17, he set up a packaging business focusing
on printed cellophane wrappers for candies and other products after dropping
out of college. After almost twenty years, in 1979, he discovered doypack pouch
for packaging and decided to Incorporate Zest-O corporation in 1981. After the
success of his business, he became the Chairman and President of Mazy’s
Capital Inc.
Because of the opportunities that have opened to Mr. Yao, he was also
able to serve as the President of Asia Wide Refreshment Corp., PCCI, Harman
Foods (Phils.), Inc., Amchem Marketing, Inc., Uni-Ipel Industries, Inc., SMI
Development, Inc. and Zesto Philippines, Inc. He is also the President and
General Manager of Solmac Marketing, Inc. He served as the President of
Arthaland Corp. (formerly EIB Realty Developers Inc.) until November 8, 2004.
Furthermore, he also holds a lot of other positions before like for instance
in 2005, he was elected as president of the Philippine Chamber of Commerce
and Industry. He also served as Finance Officer of Semexco Marketing
Corporation and the Philippine Business Bank, Treasurer of Export & Industry
Bank, Inc. from May 29, 2006, to June 28, 2007.
Currently, he has been the Chairman and Non-Executive Director of
Macay Holdings, Inc. (also known as Maybank ATR Kim Eng Financial
19. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Corporation) since October 25, 2013. And has been the Chairman Emeritus of
Philippine Business Bank, Inc. (PBB) since July 26, 2010. Adding to that, he
serves as the Chairman of Zest-O Corporation, Asiawide Refreshments Corp.,
and Semexco Marketing Corporation. He also served as the Chairman of
Philippine Business Bank (formerly Philippine Business Bank, Inc.) until July
26, 2010, Export & Industry Bank, Inc. since July 6, 2006.
And lastly, the longest positions he still maintains up to this date is his
position as Vice Chairman of Export & Industry Bank Inc., him as the Vice
Chairman of Export & Industry Bank Inc. since May 29, 2006. And he serves as
a Director of EIB Realty Developers Inc., Export & Industry Bank, Inc., Zest
Airways Inc., One Mckinley Place, Inc., UMC Finance and Leasing Corporation,
and Maybank ATR Kim Eng Financial Corporation, Philippine Business Bank,
Inc., and Export and Industry Bank Inc. He served as a Director of Arthaland
Corp., a subsidiary of Export & Industry Bank Inc. since May 2002.
1.4 Brief background of the Business
Alfredo Yao is most famous for his innovative juice drinks for Filipinos.
This business of his was named Zest-O corporation, which was established in
the year 1981 and was located at 574 EDSA Caloocan City, Philippines, its
current primary address. His business has a very humble beginning which starts
as a simple packaging firm for candies and other products with a start-up capital
of ₱3,000 which he borrowed from a bank. In the year 1979, through an
industrial exhibit in Europe, Yao came across a Doypack packaging machine
which he then brought to the Philippines. He intends to sell this kind of packing
20. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
to those juice manufacturers in the Philippines but they all declined his offer.
But this became a blessing in disguise for Mr. Yao because what he did is to
produce his own juice product and thus, the birth of Zest-O which then earned
him the title as the Juice king of the Philippines. His business evolved from
printing-and-packaging solutions to a beverage-making corporation and further
diversified into real estate, banking, pharmaceuticals, air transportation, etc.
including those that are mentioned in the preceding paragraph.
1.5 Innovations/Products/Services Offered
Alfredo Yao’s first business is a service business that offers cellophane
packaging for candies and other products. This packaging should evolve into a
doypack packaging but juice companies hardly shut the door for the new
packaging. Because of that, as an entrepreneur, Mr. Yao had created an
unexpected opportunity from what seemed to be a problem. He then
experimented and innovated juice drinks with 12 different flavors for the
doypack packaging machine to be put at work. That is how a real entrepreneur
does his job creatively.
1.6 Entrepreneurial Characteristics
There are at least three (3) major characteristics possessed by Alfredo
Yao that brought him to the peak of his success. The first one is that he is not
complacent. Because of his early life experiences, he’s always searching for
ways to support his family since his father died when he was still 12. That is
why early on, it was engraved into him that he won’t be able to achieve anything
if he is complacent to what he had back then. That is why he always strives to
21. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
acquire experiences that he can use to continue learning and to pursue his
ambitions. The second one is his innovativeness. Throughout his carrier, his
innovativeness is resounding. From a simple cellophane packaging, and then
discovering a practical use of doypack packaging until he concocted his own
juice drink, his way of thinking is really ineffable. By connecting his experiences,
he became astoundingly innovative. And lastly, his resilience. When his father
died, he yearned but he rose to support his family. When he dropped out of
school, he thinks of other ways to make money, thus his packaging business.
When he came back from Europe with the doypack packaging machine, he
intends to sell it to a lot of juice drink manufacturers but he was declined. But
that doesn’t stop him, he rose and he created a masterpiece. That shows the
resilience of Mr. Yao. And all of those have paved his way to where he is, now.
1.7 Quotes of the Entrepreneur
“Credibility is built, not given. Respect is earned, not bought”
“Work as if someone’s burning heels behind you. You have to keep
running. That’s my business philosophy, that’s my secret. I just don’t
sit down. I’m not complacent, even to this day. There should be some
threat from competitors, from other brands… You shouldn’t able to
sleep”
22. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
B.2 MANNY VILLAR
2.1 Quick Facts
Manuel "Manny" Bamba Villar Jr. is the chairman of Vista Land &
Lifescapes, Vistamalls, Inc., and also Golden MV Holdings, Inc. His net worth
as of October 2021 is 7.5 billion dollars.
Manny was born in Moriones Tondo on December 13, 1949, to Manuel
Villar Sr. and Curita Bamba. Manny is the second of his parents' nine children.
Manny married Cynthia, a former classmate and daughter of the former Mayor
of Las Pinas City, when he was 25 years old, and they had three children soon
after named Manuel Paolo, Mark and Camille.
2.2 Education
Villar went to Isabelo delos Reyes Elementary School, a local public
school in Tondo, as a child. He also helped his mother in selling shrimp and fish
to help raise enough to send his siblings and himself to school. However,
helping his mother interfered with his schooling, and he was forced to leave
school in Grade 1. To continue his elementary education, he was enrolled at
Tondo Parochial School (later renamed Holy Child Catholic School), a private
school in Tondo managed by priests
He completed his high school studies at Intramuros' Mapúa Institute of
Technology. In 1970, he graduated from the University of the Philippines -
Diliman with a bachelor's degree in business administration and accountancy.
In 1973, and later on he completed his master's degree at the same institution.
23. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
2.3 Work History
Manny eventually worked for accounting businesses after graduating
from college, but he soon left to start his own seafood delivery business. His
company was working well at first, until a restaurant he was supplying failed to
pay him. He requested that the restaurant owner provide "meal tickets" (today
known as gift certificates or vouchers) for the whole sum owed to him. Manny
sold those meal tickets to office workers, and it took him a year to add up the
whole money owed to him. He returned to work as a financial analyst for a
development firm, but he no longer believes he can succeed in business, so he
resigned promptly.
He then applied for a Php10, 000.00 loan in 1975, which he used as a
beginning capital for his new business. He started a gravel and sand company
and acquired two additional delivery vehicles. As he continues to work in the
gravel and sand industry, he is introduced to construction firms who place
orders with him, and he finally comes up with the concept of starting a house
development company.
With the loan, he began building and selling homes at his first project,
Camella Homes Phase 1 and 2 in Las Piñas, which began with 160 units and
grew to become the country's largest home building firm, focusing on low-cost
mass housing. Manny's major target market was OFW, who ranged from
middle-class to impoverished families who were acquiring homes with the
support of financial organizations like as PAG-IBIG Funds.
24. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
2.4 Brief Background of the Businesses
2.4.1 Vista Land & Lifescapes Inc.
Vista Land & Lifescapes, Inc. is an investment holding company
that specializes in the development of residential subdivisions as well as
the building of housing and condominium units. Horizontal Projects,
Vertical Projects, and Commercial and Others are the three segments in
which it operates. The Horizontal Projects section is responsible for the
development and sale of residential lots and units. The Vertical
Complexes category focuses on the construction and selling of high-rise
condominium projects for residential use. The Commercial and Other
section includes businesses such as shopping mall and commercial
center development, leasing, and management, as well as holding
company activities. The company was created on February 28, 2007 in
Mandaluyong, Philippines, and is based there.
Historically, the Company has funded capital expenditures via
internally generated funds and long-term borrowings. The Group views
debt as a reliable source of capital. They have extended the maturity
profile of its debt portfolio and makes a point of spreading out loan
maturities by not having a large percentage of its total debt mature in a
single year.
2.4.2 Vistamalls, Inc.
Vistamalls Inc., originally Starmalls, Inc., is a Philippine company
that specializes in investing, real estate, and leasing. Starmall Prima was
25. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
founded with the intention of catering to higher-income customers, and
its first mall opened in Taguig. By 2015, Starmall Prima has changed its
name to Vista Malls. The company owns and operates shopping malls in
the Philippines that have the Starmall name and cater to the retail mass
market.
Masterpiece Asia Properties Inc. (MAPI), which operates and
develops commercial properties for lease, and Manuela Corporation
(MC), which operates and develops commercial properties for lease,
are among the company's subsidiaries. The malls hold a variety of retail
outlets, while the corporate building houses the offices of business
process outsourcing firms.
Starmall Las Pinas, Starmall Las Pinas Annex, Starmall EDSA-
Shaw, Starmall Alabang, Starmall San Jose del Monte, Starmall Prima
Taguig, Starmall Prima Sta. Rosa, Starmall Imus, and Worldwide
Corporate Center are among the ten malls and two corporate buildings
operated by MAPI and MC.
2.4.3 Golden MV Holdings, Inc
Golden MV Holdings, Inc., previously Golden Bria Holdings, Inc.,
was founded on November 16, 1982, and specializes in the
development and sale of memorial properties in the Philippines.
Columbarium facilities are also developed, built, and operated by the
company. The Securities and Exchange Commission authorized the
change in company name to the current one on January 27, 2021.
26. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Within its memorial parks in Las Pinas, Iliolo City, Cebu,
Cagayan de Oro, and Zamboanga, the Company owns roughly six
columbaria, as well as a 20,000-vault columbarium (the Ezekiel
Columbarium) beneath the Sanctuario de San Ezekiel Moreno, a
chapel built by the Company. Golden Haven Las Pinas Park, Golden
Haven Cebu Park, Golden Haven Cagayan de Oro Park, Golden Haven
Zamboanga Park, and Golden Haven Bulacan Park are among its
properties.
Within each of HVN's existing memorial parks, as well as those
currently under construction, HVN provides a variety of sizes and
pricing ranges for memorial lots. Lawn lot, garden niche, family patio,
and family estate are the four basic lot packages. Purchasers of a family
estate property can choose to build a mausoleum, but the design and
construction must adhere to the Company's guidelines as part of the
purchase agreement. HVN also provides building and related services
for these mausoleums as an add-on service and at an additional fee to
the customer.
2.5 Innovations/Products/Services Offered
When it was customary practice at the time to sell lots for future
homeowners to construct on, Villar's company innovated the practice of selling
house and lot bundles. He started mass housing projects leveraging
economies of scale, taking advantage of the cost savings that come with
building a large-scale project to lower housing costs. Villar's firms were
27. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
responsible for the construction of more than 200,000 dwellings. He focused
on low-cost housing at the time, eventually launching C&P Homes, which
became Camella Homes.
One of Villar’s innovative project is All Day in which he said that it was a
Filipino version of Family Mart, 7-Eleven and Mini Stop, and said that he was
so proud of it. All Day is a fast-growing convenience store business with
approximately 100 locations around the country. Aside from a diverse range
of grocery items, the business offers low-cost fast food options such as siopao,
hotdogs, pizza, sandwiches, salads, desserts, and soft-serve sundaes. It also
provides bill payment services for major utilities and service providers, as well
as cellular phone load. Taking the concept of a "convenience shop" a step
further, All Day stores will be mostly positioned within Vista Land
developments, making it your everyday "local store" and perhaps hangout.
It is much simpler for All Day to access a large residential market by
partnering with Vista Land's residential brands such as Camella, Crown Asia,
and Vista Residences. The network, on the other hand, is looking to expand
beyond Vista Land's portfolio of assets and into other local communities,
schools, commercial hubs, company offices, and strategic places around the
country.
2.6 Entrepreneurial Characteristics
Manny Villar's renowned guiding words are "Sipag at Tiyaga," which
means "perseverance, tenacity, and hard work.” His achievement is due to his
perseverance. It takes a lot of patience and determination to finish your
28. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
education. We see undergraduates thrive in life, but Manny Villar believes that
education may provide a strong basis and a network for huge opportunities in
life. Having the appropriate understanding on how to run your firm can
significantly minimize, if not completely remove, your danger of failure.
You don't allow anybody or anything tell you who you should be. He
began as a fish vendor, then worked his way up through the ranks of
employee, businessman, congressman, and senator, a true life-changing
story from a successful businessman. Villar thinks that you can design your
own future by working hard and persevering. He is the narrative of an average
Filipino man who never stops dreaming and working hard to make his dreams
come true, who works hard for his success and persists in what he feels would
bring him prosperity. Don't be scared to fail; it's all part of the learning process.
2.7 Quote of the Entrepreneur
"I think we could have grown faster if our citizens had been
entrepreneurs. The bulk of the population is working—they’re not
entrepreneurial. I’m of the firm belief that poverty can only be reduced through
business. Wealth creation is the way forward. We’re not entrepreneurial
enough. I think this is the reason for the gap."
C. PROVINCIAL
C.1 EDITHA AGUINALDO DACUYCUY
1.1 Quick Facts
Editha Aguinaldo Dacuycuy, 70, is known as the "dragon fruit queen" of
the province of Ilocandia. Her 10-hectare Refmad dragon fruit farm in Barangay
29. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Paayas, Burgos, Ilocos Norte, which is locally known as "saniata" and meaning
"light and wealth," eased her daughter's condition and brought new life into her
town's economy. Dacuycuy, a psychology graduate of the University of the
Philippines Diliman and former division manager of an insurance company, is
the mother of four daughters and the wife of a supportive husband.
1.2 Education
Editha Dacuycuy is a psychology graduate of the University of the
Philippines Diliman but ended up in agriculture industry. Not having any
background in agriculture, she sent another daughter to Thailand to further
study the production of dragon fruit. Upon the return of her daughter, she started
her full-scale production of dragon fruit.
1.3 Work History
She was a former division manager of an insurance company. Also, she
started a dragon fruit plantation with the help of his husband. Then, she
developed several dragon fruit-based recipes and products such as soap, wine,
jam, pastries, and others.
1.4 Brief Background of the Business
Editha initially learned about the dragon fruit through the daughter of a
coworker at the insurance firm where she was employed at the time. The
daughter's boss was a Macau resident who was a cancer patient who followed
the doctor's advice and ate dragon fruit. At first, she ventured on dragon fruit
production all because of her daughter’s constipation problem. She later chose
to extend her backyard production after learning about the dragon fruit's
30. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
economic and other health benefits. Dacuycuy has already built a nearly 10-
hectare dragon fruit farm in Paayas, Burgos, Ilocos Norte, which she named
REFMAD Farms (Rare Eagles Forest Marine and Agricultural Development).
The farm has become a showcase for dragon fruit cultivation in the north, giving
jobs and a source of income for Dacuycuy's relatives as well as the surrounding
community.
1.5 Innovations/Products/Services Offered
At the age of 65, Editha was diagnosed with breast cancer. Initially, it was
solely for medicinal purposes, but she and her husband later established a
small plantation in their family's backyard. Dacuycuy has now developed a
nearly 10-hectare dragon fruit farm in Paayas, Burgos, Ilocos Norte, which she
has named REFMAD Farms (Rare Eagles Forest Marine and Agricultural
Development). Dacuycuy also created a number of dragon fruit-based dishes
and items, including soap, wine, jam, pastries, and more.
1.6 Entrepreneurial Characteristics
Just when everybody is already asleep, this hardworking widow and
mom of four may be up thinking or experimenting on something. Dacuycuy
knows what she wants and she works hard to make it happen. She never quits
even when others did not believe in her idea at first. Dacuycuy didn’t even know
if what they were planting would really bear fruit but surely her hard work did
bear something which eased her daughter’s problem and brought life to her
town’s economy because of her successful dragon fruit plantation. Even though
she is facing a lot of misfortunes in life, Dacuycuy makes her problems into
31. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
opportunities, because of her daughter who is born with cerebral palsy, she
discovered a little-known fruit from the cactus family called “pitaya” or dragon
fruit. To conclude Dacuycuy is a risk taker and ability to turn problems into
opportunities.
1.7 Quote of the Entrepreneur
“Others may laugh at us once they know that what we were doing was
simply trial and error.”
C.2 GLORIA ADUANA COCSON
2.1 Quick Facts
Vibrant and full of enthusiasm, Gloria “Nana Glory” Aduana Cocson is a
role model for every young woman possessing creative talent and an aptitude
for business. Nana Glory was born in a quiet but happy neighborhood of
Barangay 10-N Barani, City of Batac, Ilocos Norte on April 4, 1942. She just
turned 79 years old last April. She is the third of the four children of Policarpio
Aduana and Consuelo Cid. Nana Glory married to Melanio Cocson at a young
age 15. As a fruit of their love, they had four girls and three boys but one boy
died.
2.2 Education
As a lady of determination, Gloria Cocson attended her elementary in
Batac Central School and currently known as Mariano Marcos Memorial
Elementary School. She then enrolled at Batac Rural High School and now
called as Batac National High School during her high school years.
32. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
2.3 Work History
Nana Glory began kneading her empanada dough recipe at 20, a skill
she learned from a sister in-law. As she possessed a penchant for cooking, the
empanadas she prepared had that secret special flavor that appealed to
everyone’s taste.
Back in 1962, only seven empanada makers, mostly elderly women,
sold the delicacy at the old public market in City of Batac, Ilocos Norte. Then
the youngest maker, Nana Glory, competed with the more skilled ones and
hoped to earn an income to feed her family. She was solely raising her children
after her husband left them. She started her business in a market corner in City
of Batac, placing her cooking wares on a bamboo table topped by an umbrella.
She started going from town to town in Ilocos Norte and even as far in Sinait,
Ilocos Sur, renting space in fair grounds during fiestas and setting up her
“Glory’s Empanada” stand.
Few years later, she now runs four stalls, two of which belong to her
daughter, Glomy. The stalls occupy more than half of the City of Batac Riverside
Empanada building that the city government built for its famous product. Her
other daughter also set up an empanada business with her husband in La
Union.
In 2000, she was requested to showcase the art of empanada making
in the Philippine International Center (PICC) by Congressman Ferdinand
“Bongbong” R. Marcos, Jr., the Governor of Province of Ilocos Norte at that
time. In 2008, she was given a Lifetime Achievement award by the
33. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
nongovernment Gameng Foundation for her contribution to the enrichment of
Ilocano heritage. Decades after, her empanadahan became a part of the locals’
daily activities, not to mention, their diet.
2.4 Brief Background of the Business
Glory’s empanada had been famous for decades. It was named after
Gloria “Nana Glory” Aduana Cocson, who made her meat pastry famous.
Empanada is simply a pride of Ilocos. It is indeed a jewel of the region. Glory’s
Empanada is a success story inspiring young men and women to follow that
dream through hard work, endurance and zest of life. It was established during
the mid 20’s of Nana Glory which is in the year 1960’s. The main location of
Glory’s Empanada is at the City of Batac Riverside Empanadahan. There are
other stalls of Glory’s Empanada at the nearby towns of City of Batac. The stall
currently attracts both local and foreign tourists. “Madik nga amu man. Basta
minanak laengen diay panagluto ti Empanada (I don’t remember. All I know is
I inherited the empanada recipe and cooking style),” Nana Glory explained how
she came up with her Empanada business. If one asks Nana Glory’s customers
why they keep coming back, they usually give the same answer. The
Empanada is worth it. It is naimas (delicious) and nalaka (affordable). Nana
Glory has been credited for pushing the delicacy to the level of a multimillion-
peso fast food treat. She runs her business on loan. She would get her supplies
through credit then pay them back once she earns her profit. “I really don’t have
a capital to speak of”, she said.
34. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
2.5 Innovations/Products/Services Offered
Glory’s Empanada is offered in a variety of fillings. The Special
Empanada, at Php 45 contains in its crispy and piping hot achuete, colored rice
flour (tapong) dough, the basic ingredients of grated green papaya, mung bean
sprouts, an egg, and a longganisa. But if you're scared of pork fat, there's the
Php 35 Ordinary Empanada for you, it has all the basic fillings except the
longganisa. There's also Special Eggless (PhP40), Special Without Monggo
“Seedless” (Php40), Double Special (PhP50) with two pieces of longganisas,
Special Double Egg (PhP45) with two eggs and a longganisa, and for an
extreme culinary experience, try the Double Double Empanada (PhP70) with
its two longganisas and two eggs. They also offer the “ballot” (Php 20),
longganisa (Php 20), and kwek kwek (Php 15). The Empanada is served either
on a plate or in a brown paper bag for take-out. The locals said the best way to
eat their empanada is to munch it with sukang Iloko or the Ilocano vinegar. One
order is big enough to take the place of a full rice meal.
2.6 Entrepreneurial Characteristics
Although Nana Glory had her competitor which is her daughter Glomy,
the mother-and-daughter tandem became partners instead of being business
rivals. The success of Nana Glory’s business led to the opening of her
daughter’s own empanadahan stall. Glomelyn Rigonan put up Glomy’s
Empanada but still adopted her mother’s recipe. What used to be solely Glory’s
is now Glory and Glomy’s Empanada. “There is no competition among family
members. I wanted them to have their business of their own. If I was able to
35. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
share my skills with other people, all the more that I would teach my children so
they can earn their own keep,” Nana Glory says. We should look other
entrepreneurs as our business competitors, instead treat them as our brothers
and sisters by business because our business hearts are related and
connected.
2.7 Quote of the Entrepreneur
“Focus on keeping up with your customers, not your competitors.”
We believe the greatest challenge to companies today is not keeping up
with their competitors, but with their own customers. Customers’ expectations
are also more liquid and no longer based on industry boundaries. Customers –
whether consumers or business buyers – don’t compare your customer service
to that of your competitors, but to the best customer service they receive from
anywhere. In order to keep up with your customers, you have to start thinking
like them.
C.3 RICHARD “CARDING” TOLENTINO
3.1 Quick Facts
In the humble town of Piddig, Ilocos Norte, Richard “Carding” Tolentino
was born. Being an illegitimate child, he was raised and supported by his
grandfather. He took up Marine as his course in college but ended up not
boarding his ship. This sudden alteration of fate is all due to a mango exporter
that he encountered who came to order cartons to be utilized for his mango
shipments, which later on motivated him to go back to Ilocos Norte. After years
of hard work and sacrifices, he became the Mango King of Ilocos Norte. In 2008,
36. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
he was awarded as “Outstanding High-Value Cash Crop Farmer.” While in
2015, he was recognized by the Department of Agriculture as “Agri-
Entrepreneur of the Year” in National Gawad Saka Awards. He is also the
president of the Philippine Chamber of Commerce and Industry – Ilocos Norte
Chapter.
3.2 Education
Carding’s grandfather supported his studies until he was in high school.
But when Carding entered college, he decided to enroll in night classes at
Philippine Maritime Institute located in Manila while working in a carton factory
during the daytime. He successfully finished his maritime course but he ended
up not boarding his ship.
3.3 Work History
Carding worked in a carton factory when he was in college. He set up his
own mango business named “Mango King Food Products.” He expanded his
farming business and put up his own fish pond, piggery, dragon fruit and
vegetables farm.
3.4 Brief Background of the Business
Carding met a Chinese businessman when he was in Metro Manila which
inspired him to start a business. When Carding was asked by this man if he
know someone who could deliver mangoes, he remembered his uncle who
owns a truck and had a mango plantation in Laoag City. Carding, together with
his uncle, made a proposal with the businessman. However, their first try in the
business failed when they did not make it on the agreed delivery time because
37. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
of an engine trouble. But this failure did not stop him and he decided to formally
start his business which he named “Mango King Food Products” which
produces dried and wine mango products. At the present time, Carding’s
business has already reached Visayas and Mindanao regions and even
collaborates with huge companies in Metro Manila.
3.5 Innovations/Products/Services Offered
Carding’s first try in the business world revolve around delivering
mangoes, which ended up as a failure. On the other hand, his business named
“Mango King Food Products” produces dried mango and wine products with the
use of carabao or native mangoes. They pack their products and later on deliver
them to different sellers all over the Philippines.
3.6 Entrepreneurial Characteristics
Success is surely not something that happens overnight. Carding proved
this on how he has to overcome several trials and struggles before being
recognized as the Mango King of the North. Throughout his story, there were
three characteristics that he carried which made him successful. Firstly, Carding
is persistent. Even if it was only his grandfather who raised and supported him,
he persevered and did not allow his unfortunate situations stop him.
Furthermore, despite failing his first try in the entrepreneurial world, he found
reasons to continue firmly and obstinately. Secondly, Carding is an undertaker
or risk-taker. Despite having inadequate knowledge and skills regarding the
world he was about to enter; he still took the risk and bravely ventured the
mango business. Lastly, Carding is hardworking. He managed to finish his
38. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Maritime course while working in a carton factory when he was in college.
Moreover, in spite being successful in the mango industry, he still worked
diligently so he could put up different business such as piggery and vegetable
farming.
3.7 Quote of the Entrepreneur
“It’s just in the beginning that the hardship is hard to overcome.”
39. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Chapter III. REFLECTION
A. JAN BRYAN T. BAIDED
Being an entrepreneur is not a façade of one’s personal interest to seek wealth
and fame, albeit they are incorporated into it, but is a bare representation of one’s
identity as a person. As I go through the astonishing life journey of these amazing
entrepreneurs, I can’t help myself but to admire the fruits of their labor and wonder,
how did they able to pull off those seemingly strenuous achievements. With the roller
coaster ride they have experienced in life; how could they be able to rise up until they
were able to stand at the summit? And then, a realization came unto me, about these
little important things that have been amplified through the experiences of these
entrepreneurs that mostly everyone had missed, which completed their formula
towards success.
The first thing that I have realized is the fact that one’s success towards
entrepreneurial endeavors is not predetermined by one’s economic status but his clear
vision or depiction of his goals. As a part of an average Filipino family, I have been
exposed to the thought that those who are wealthy will become wealthier and those
who are poor will become poorer. Conversely, those inspiring stories from the seven
(7) entrepreneurs talked otherwise. Being a part of a high-income family will not make
one immune to risks, failures, and uncertainty. Not all doors will open for them just
because they have the means to support their ventures. Like for instance, Michael
Kors, his stepfather is a businessman and he had built his own business, but he still
experienced bankruptcy, but he didn’t give up, rather, he acheives. Similarly, being
poor is not a hindrance for one to make his dreams into reality. A great example is
40. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Alfredo Yao, who despite being a sidewalk vendor at an early age, he became part of
the wealthiest Filipinos as of now. What they both possess is a clear vision of their
goal and a firm resolve. That is why even if odds aren’t in their favor at first, they paved
their own way that leads to where they are now.
The second thing that I have realized that sets these entrepreneurs apart from
others is that they are not afraid of going out of their comfort zone and at the same
time to try new things even in the presence of adversity. A lot of people are hesitant in
trying new things. They are limited by their doubts and what-ifs. They are too afraid of
the risk they might incur if they do something that is not within their circle. That is why
a lot of opportunities have slipped away from them. But these entrepreneurs are
different, they are less risk-averse and thus they are not limited by their trail of
unwanted thoughts, but they are actually determined to make something happen, to
make a dent in the universe as Steve Jobs stated before. Let’s talk about Mr. Ricardo
Tolentino, the Mango King of the North. He had devoted his time, money, and effort to
study a maritime course which then serves as his comfort zone. But that doesn’t stop
him from trying and exploring new possibilities, thus engaging in himself in a mango
business. And his decision didn’t betray him, rather, he is now enjoying the sweetness
of the fruit of not limiting himself to his comfort zone. Another one is Mrs. Edita
Dacuycuy. She’s a psychology graduate and a division manager, but the condition of
her daughter gave her the courage to break out of her norm and did something totally
different. She then put up a dragon fruit farm which help her daughter, the community
and at the same time, earned her a title as “the dragon fruit queen” which is a lot of
extras from her initial intention.
41. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
Our community has now been saturated by a lot of product offerings that it may
seem arduous to differentiate your business to the crowd, but that is not a problem to
these entrepreneurs because uniqueness seems to be innate in their nature. What the
consumers want is a breath of fresh air. That is why in order to keep up with their
demands, entrepreneurs must always seek for something unique and different. Let us
all learn from entrepreneurs like Ma’am Glory, Sir Villar, and Sir Page. Ma’am Glory
inherited their empanada business. When she’s at the right age, she competed head-
to-head with the veterans in empanada making but she invented different approaches
that separate her business from others like having a regular, special, double double
special, etc. in the menu. Next is Sir Villar wherein he incorporated diversified
offerings, not just sticking in his primary business but indulging in many others, that
sets him apart from the crowd. And lastly, Sir Page has continued offering various
changes and improvements to his search engine, incorporating all the new features,
until it became the leading search engine up to this date.
And with all that being said, I have concluded that, what they all have in
common, is the recognition of their identity, which is very crucial in every endeavor.
They know what they want to become, what identity they want their business to be
known for. And that is not easy at all. A lot of people, including me, are having a hard
time telling our real identity. If you ask someone about this, they’ll just give a vague
answer. But these entrepreneurs have discovered their identity and they all
incorporated it into their businesses. And with that, all the great things that are waiting
for them have come into their possessions. Therefore, I appeal to all of you, let us
discover who we really are. Let us recognize our identity.
42. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
B. MARGRETH ADELAID M. CACATIAN
Upon reading all the success stories of these seven entrepreneurs, they all
have a common ground, and that is they all faced hardships in life before being
completely successful. Additionally, some of them were not able to finish their college
degrees and began their success stories by starting their own businesses. Some faced
bankruptcy, some graduated yet their businesses are not aligned to their degrees, and
some ventured out because they wanted to try something new. Peculiar yet inspiring;
that is what I thought to myself when I read all their humble beginnings. It is somewhat
cliché for people to hear these stories with the same plots, however, they all
differentiate on what challenges they faced and how they conquered them all through
venturing out their businesses.
As a student, who is still yet to conquer the real world, these success stories
motivate me to continue what I started, and along the way, to never be afraid to
discover and try something new and to always look for things that inspire me. I am a
firm believer that every single thing that we encounter, we never know if those simple
things would actually bring us the break that we have been manifesting for a long time.
So as to relate the stories of these entrepreneurs, whether we start from something
unknown or mainstream in the market, the entrepreneur’s purpose, dedication, and
inspiration to make their businesses successful is what makes them different from their
competitors.
43. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
C. PAMELA JANE D. DUMBRIQUE
“Life is like a roller coaster. It has its ups and downs. But it's your choice to
scream or enjoy the ride.” As I unravel the story of every entrepreneur, I perceived that
their journey was not parallel, but more of a wavy one. It was like the waves of the sea
that has no certain speed nor strength. One day, it was powerful and speedy, but the
other day, it was calm. One day, it was filled with joy and triumph, but the other day, it
was filled with sorrow and defeat. There was no assurance of what will happen but
one thing for sure is, endurance became their hope to survive life.
Venturing the entrepreneurial world is a risky decision that requires unwavering
faith for you to not easily give up, which the entrepreneurs possessed. This is the core
reason of their successes and achievements. In times where they wanted to accept
defeat because they could no longer see the bright light, they endured the pain,
suffering and agony which made them even stronger, braver and firmer. Along the
way, there were unexpected turning points that they encountered, but they remained
strong and anchored to the reason why they started. Finally, they utilized the skills
gifted to them to the best of their abilities. They maximized their talents and even went
out of their comfort zone when needed.
It surely was not an easy fight for the entrepreneurs, but they handpicked
continuing as their option which I am sure that they do not regret at all. Because after
countless tears and sweats, they finally have reaped what they have sown. Endurance
may seem tiring and draining, but the fruits it produces are always worth it. Because
the entrepreneurs endured and withstand the adversities that came on their way, they
44. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
knowing where you are headed. Every true entrepreneur knows that there will be never
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
have established their own particular business that are now rocking the
entrepreneurial world.
D. ROSELLE M. LAYAOEN
Being an entrepreneur should not only focus around financial matters but also
focus on how each entrepreneur could become an instrument in making a difference, in
making a change not only for themselves but for others as well. The right mindset
should be developed - a mindset that looks beyond one’s own benefits and seeks to
help others as well.
When we were younger, life was centered on material things. However, as we
grow older, we realize that there is more to life than having a house, car and other
luxuries. Having that entrepreneurial mind at an early age is great because it can be
nurtured as time passes by. Entrepreneurial mind is not instilled in us when we were
young; rather, it is learned.
To have a meaningful life, we need to be part of the lives of others by sharing
what we have. For entrepreneurs, part of their success is being able to extend their
hands to others who dream of making a difference. It is like being the vessel of hope
and encouragement to aspiring entrepreneurs
All of the successful entrepreneurs whose stories I have read, I have come to
realize that there are many things to consider before starting any business. In fact, there
are many strategies that an entrepreneur could follow to achieve success, such as
knowing and focusing on your customers, having patience and determination, and
45. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
enough time or money to make things right when starting a new business. So it is vital
to focus on the most important thing, which is the customer. To understand the
significance of knowing customers, imagine an entrepreneur with a flawless and
innovative product but does not have enough customers to sustain the business and
the opposite is true. For entrepreneurs to be customer-focused, they need to understand
customer’s needs rather than focusing on great products or wonderful services. Having
the patience and determination could lead you to success. At first, people do not know
your business but if you continue to improve your product and have that patience and
determination, for sure you will thrive and achieve everything you hoped for when you
were just starting out as an entrepreneur. Also, it is important to know where you are
headed. You should always keep a positive attitude in mind. You should be familiar with
all walks of life and arrive at your own destination.
What impressed me about those successful entrepreneurs was that, despite
their struggles and adversity in life, they were able to build very worthwhile businesses.
This does not happen every day to everyone. But probably because they have strong
faith, they were able to reach their dreams. When entrepreneurs acknowledge the
worth of waiting patiently and having determination, they will get back more than what
they could have imagined.
Many people have tried to start their own businesses. Many others have also
failed. We may have a great concept in mind, we may have the resources to start a
business, but if we lack the skills, then we are just wasting time and money. It is also
important to have the entrepreneurial skills. Being a risk-taker is the most important
46. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
entrepreneurial skill. You should learn to accept failures and still stand up firm and
continue seeking for best opportunities.
Success cannot be created overnight. As they always say, it takes patience and
perseverance before we can see the fruits of our labor. “The journey of a thousand
miles begins with a single footstep,” said Chinese philosopher Lao Tzu. All growth
springs from the beginning. Successful entrepreneurs are equally visionary founders.
They followed a similar path - they started small, took risks, and eventually expanded
their businesses.
E. ZARAH PALMA
An entrepreneur is a person who organizes and operates a business. As we all
know, there are many successful entrepreneurs around the world, both internationally
and locally, such as Larry Page (one of the creators of Google), Glory Cocson (the
owner of the famous Glory's Empanada), Alfredo Yao (known as one of the famous
juice manufacturers in the Philippines), etc. However, they did not become successful
instantly. Instead, they work hard and never give up despite how difficult it is/if they
are failing.
Furthermore, after reading some of the stories of successful entrepreneurs, I
learned a lot of lessons that I can apply to myself. First, being hardworking because
great things will not come to me if I don't do anything. Instead, I need to work hard to
be able to achieve the things I want. For instance, I need to work hard to learn all my
lessons to get a high score in my exams because if I do not work hard to study, I will
not get a high score. Second, be a risk-taker where I need to take a risk to be able to
47. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
know the outcome of the choices I made because there are no right or wrong choices.
If I fail, I fail not because I am not good enough, especially if I did my best, but because
it is not my time yet. In other words, more excellent things will yet come for me in the
future. For instance, I am taking a risk in taking up a BS in Accountancy despite being
unsure of what I want to do with my life. Lastly, never give up even though how
hard/difficult it is because there will be a time where good things will happen in my life.
For instance, I never give up despite how demanding all my subjects are as an
Accountancy student because I know that this will be worth it after I graduate.
F. CIARRA KAYE M. QUIBUYEN
Being successful in life is a dream for a reason. For it might seem so impossible
to achieve but for some, they were able to make it their reality. Growing up, I have
heard many stories of well-known persons whose lives came from rags to riches.
Some argue that success comes from luck. And some will say that it comes from
determination and true grit. Upon going through the inspiring stories of these
entrepreneurs, many realizations have hit me. That success does not come overnight,
but it is anchored with a plentitude of experiences and a built character to prosper in
life.
Firstly, I have learned that with life’s uncertainty, it takes a lot of courage to take
a leap of faith and venture a world that you have a void knowledge with. Just like the
stories being mentioned, it is almost like they have already chosen the path that they
will take for the rest of their lives but they dared to try a venture that is totally out of
their league and still succeeded. Thus, this has inculcated in my mind that we should
48. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
never be frightened to try out something new because having a brave heart will never
make you lose. You will still able to get something in return and learn from it.
Moreover, these various stories have made me learn about being persistent
and resilient. Life will always find a way to throw nuts on us. Just like in the stories,
someone experienced bankruptcy, someone got rejected multiple times, someone
was diagnosed with cancer but still, they chose to remain strong on their feet. And so,
they have just proven that no matter how hard the muds will try to drag us down, we
shall never stop standing. Instead, we shall use these challenges to let our burning
desire in succeeding to ignite more. Let’s just be reminded that we have come a long
way just to be swayed by the waves of trials and hindrances. And that in life, what
matters the most are the lessons that we have learned.
And lastly, I have learned that focusing on the skills that we are good at, will
also be a big chunk of the reasons of our success. We should harness and hone our
gifted talents and skills because these will help us to stand out more against
competitors and the odds. By doing the things we are good at, we are bringing out our
real passion that will also encourage us to try to learn more and expand our horizons
in the field that we are in. Hence, we should cultivate and nurture our innate abilities
not just to improve ourselves holistically but also to produce more fruitful outcomes.
To conclude, every one of us have different stories. But behind these stories is
a load of meaningful experiences that helped in shaping us to where we have already
become. After all, it is not just all about the things that we already have achieved but
it will always be the lessons that we have acquired and engraved into our souls and
minds that will serve as the cornerstone of our own lives.
49. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
G. KATE DIANNE C. SAGUN
Many individuals have been affected physically, mentally, and financially as the
COVID-19 pandemic has spread over the world. As the pandemic expanded and
online lessons were adopted, I became extremely nervous, and my mental health
began to deteriorate. I started to lose motivation and no longer appreciate learning as
much as I used to.
I began to have optimism and got more driven to put a lot of work into everything
I do after reading the success stories of Michael Kors, Larry Page, Manny Villar,
Alfredo Yao, Editha Dacuycuy, Ricardo Tolentino, and Glory Cocson. I learnt a lot from
them, and perhaps I will be able to apply what I have learned in the future.
I learned from Michael Kors' story that I should follow my passion and
accomplish something that I truly enjoy. Following your own passion is really
challenging, especially when no one is rooting for you. Nowadays, parents typically
urge their children to select a career that will allow them to make more money rather
than allowing them to pursue anything they desire. Being able to live my passion and
accomplish things I enjoy is a great way to live a happy and fulfilling life. As an
accounting student, I am certain that I am on the correct route and will be successful
since I have pursued my ambitions.
Manny Villar was the most influential to me. From his story, I learned that
education has a purpose. He said that education is his strong foundation that is why
he is so successful right now. Education is a foundation for anything we want to do in
life, hence it is critical for everyone to obtaineducation and achieve their life objectives.
If you want to acquire a decent job or start your own business, you need have a lot of
50. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
experience in the field. That's only attainable if you have obtained education, as it is
the only way to have access to a great quantity of understanding. You must be
knowledgeable in order to make money and achieve success in life. In that sense, I
became more motivated to finish my studies and pursue even if it is hard.
I have also learned to think outside of the box and be as creative as possible.
Larry Page and Alfredo Yao's success is due to their resourcefulness and ability to
make everything conceivable. People are always looking for something new or
something that will address their everyday concerns, and entrepreneurs may profit
from it. To be successful, entrepreneurs must take the chance to innovate in order to
make people's lives simpler, and these solutions must continue to evolve in order to
become better, simpler, and more helpful. Then I realized that innovativeness is
applicable not just in business but also in everyday life. People who adapt effectively
to their demands and develop their own solutions are innovators. We can use creativity
to help us succeed in all of our pursuits.
One skill I also noticed while reading the stories is that I must remain strong in
the face of adversity. Like Editha Dacuycuy and Ricardo Tolentino, I must not give up
when faced with problems; instead, I must remain calm and unconcerned. An issue is
not solved merely by accepting it; it must also be transformed into something useful.
As an entrepreneur, it is what I aspire to achieve in the future. Being versatile and
creating a diamond from a splinter.
Finally, the story of Glory Cocson showed me the importance of being able to
keep your business alive. She taught her daughter the formula for her product,
51. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
empanadas, and her daughter later became her competition. That is not, however,
how she sees it. She also stated that if she could share her abilities with others, she
would educate her children so that they could support themselves.
To summarize, the entrepreneurial skills I learned are exactly what I need to
get by in everyday life. These experiences taught me how to be more resilient in real
life and how to stay motivated to keep going. In today's world, more and more
individuals should recognize that learning good entrepreneurial skills will greatly
benefit them in everyday situations, particularly in the face of the COVID-19 pandemic.
Building a skill set of critical entrepreneurial abilities like adaptability and resolution of
conflicts will certainly make your day more productive and help you progress your
career.
H. DENZEL REYEL S. SANTOS
I have read the story of successful entrepreneurs recently. What was amazing
about them was that, despite their hardships, they were able to develop a successful
business. This does not happen to everyone every day. They were able to achieve
their goals, though, most likely due to their strong faith. Many people have attempted
to start their own business. Many others have failed as well. We may have a wonderful
idea and the finances to start a business, but if we lack the necessary abilities, we will
be squandering our time and money.
Success does not happen overnight. Seeing the fruits of our labor requires
patience and perseverance. Starting a business entails a sequence of mistakes,
detours, stumbles, and hard-won good fortune. What amazed me in their story is on
52. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
how each of them responds to those circumstances that determined the fate of their
business. As a result, all of their business got successful.
What I learned about reading the stories of each entrepreneur, the world is filled
with endless options and innumerable opportunities, but your life and career are finite,
which means you only have so much time to find what you're looking for and leave
your mark. This is our chance to shine. It's a scarce resource, so don't squander it.
Find something you enjoy doing and go for it. That is how all the entrepreneurs begin.
I. DESTHYN HYGEIA T. SAYMO
People's lives are filled with unexpected experiences and challenges. These
trials can sometimes leave scars that are physically, mentally, and emotionally
damaging to the person. These scars are life's wounds that contains memories. It is
believed that scars are supposed to heal as time passes by. Indeed, scars do heal,
but the memories of those scars do not. Eventually, the saddest part of life is that our
world changes, but all that remains are the memoirs of the past. We can move on but
we cannot forget. However, it is on our control on how we perceive those memories
and how they will be used to affect our present and future.
For the entrepreneurs mentioned on the first part of this paper, who are Michael
Kors, Larry Page, Alfredo Yao, Manny Villar, Editha Dacuycuy, Ricardo Tolentino, and
Gloria Cocson, I believe that the memories of their scars are their history that shaped
them today. They used those memories as their primary motivators to become what
and who they are in the present. I noticed that these entrepreneurs have one thing in
common: they have all suffered from life's wounds. They have experienced their own
scars. Before they achieved the wealth and success that they have now, they all had
53. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
to overcome difficult life challenges that they encountered on their path to success.
Ricardo Tolentino almost gave up and lost hope in pursuing his business life. Alfredo
Yao’s machine was rejected many times. Editha Dacuycuy and Gloria Cocson
experienced family problems. Manny Villar almost lost his first business due to a loan
from one of his suppliers. Michael Kors even went into bankruptcy. Also, Larry Page
needed the assistance of others to finance and complete his project. Despite their
stumbles, they were persistent, determined, complacent, creative, and courageous in
getting back up and in achieving their current spotlight. These entrepreneurs
demonstrate that scars are only scars and that scars are not a sign that it is time to
give up.
Their various success stories made me realize that life is very distinct from
others'. We all breathe the same air and walk on the same ground, but our life
experiences make us unique and set us apart. Their stories taught me that success
is more than just being successful. It is earned through adversity and setbacks. Their
experiences also made me realized that life is not easy. It will always be like a ride
on a roller coaster. There will be numerous loops, as well as ups and downs. I also
realized that reaching success is influenced by a variety of factors that motivates
someone to just keep going and never give up. I think that success is more than just
having parents, family, or friends to lean on or having a big dream to follow. But,
success is the result of all the rejections, disappointments, pain, and cries that came
along the journey. In fact, the scars I am talking about are failures which are blessings
in disguise. These are present in the world to bring out the best in us. If those
entrepreneurs did not recognize their failures, triumph would not be in their life right
54. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
now. Scars should be recognized and not forgotten. If they were not present, no one
would consider success to be a life victory, and that life is a game that you must win
in the end.
Furthermore, their stories convinced me that time is the greatest challenge that
we have. Our time passes quickly, and there is nothing we can do to make up for the
lost time. As soon as we can, we should make every second of every minute count.
Our time can be spent with our families, talking with our friends, doing our hobbies, or
the best option, enhancing our entrepreneurial mind. According to Manny Villar, the
gap between people is having an entrepreneurial mind. If everyone could have a good
entrepreneurial mindset, we can all be successful. Alfredo Yao also advises us to
imagine that we must work hard and work smart as if someone is running after us. If
we want to succeed, we must be alert and awake. I also believe that the correct term
to use in our lives is not time-management because we can never manage the time,
but rather we must manage ourselves in order to keep up with the time. The time will
not adjust for us. We must be the one who needs to adjust.
In addition, the hidden trait that I believe to be the most important trait that we
must have in life is optimism. Failures and sad times will never be avoided, but
someday, when everything will be fine and victory will be in our hands, we will look
back on these failures, and we will be so proud that we did not give up. Without a
doubt, life should be lived with optimism/positivity. This will motivate us to persevere
in the face of adversity. We must know that positivity is associated with trust and
confidence. The confidence in ourselves and our trust to our ability to accomplish our
goals will be our driving force. Negativity should only cause us to become disoriented
55. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
and unfocused. Truly, we must always look on the bright side of things rather than the
dark side. In connection to this, faith must always prevail over fear. Faith in God and
faith in ourselves provide the best guidance as we travel through life. If we let our fear
outstand our faith, we will only become weaker. Through our journey, many people will
also question us and drag us down. Yes, many eyes will judge us but let us not be
swayed by them. Simply smile and walk away and focus on the goals. Definitely, let
us build our faith stronger to make ourselves the strongest.
To end, everyone can take lessons from the stories of the said entrepreneurs.
Their story is rich in wisdom and good ideas that we can apply in our daily lives.
Moreover, their quotes are not just whatever comes to their mind when they are asked.
Those quotes represent a summary of their lives, and we can make those as our
inspiration and live by them. Undeniably, those said entrepreneurs only show that the
scars they have are not bitter scars but sweet scars as a result of their struggles in
attaining an ultimately blissful and sweet success.
56. MARIANO MARCOS STATE UNIVERSITY
College of Business, Economics, and Accountancy
#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
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#16S Quiling Sur, City of Batac, Ilocos Norte
cbea@mmsu.edu.ph (077) 670-3736 www.mmsu.edu.ph
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