KAKATAPOS LANG MAG AYOS NG BLOG :))

FAMOUS ENTREPRENEURS!!!!!!!!!!!! PART T2O!!! (SORI PO NAGKAMALI NUNG UHA ^^)

The late Francis Magalona and his clothing company named Francis Magalona Clothing Company (FFMC):

Socorro Ramos and her famous bookstore she managed, National Bookstore:

Henry Sy created S.M. out of his small shoe business:

FAMOUS ENTREPRENEURS

Henry Sy-Founder of SM Department Store

Tony Tan Caktiong-Founder of Jollibee Food Corps.

Socorro Ramos-Founder of National Bookstore

wahahahaha

CAN YOU APPLY IT NOW?

Assignment # 5
page 20:

IDENTIFY THE ENTREPRENEURIAL CHARACTERISTICS THAT HELPED CARLA SUCCEED IN HER BUSINESS:

Desire for Immediate Feedback
Creativity
Self-Control
Self-Confidence
Desire for Responsibility
High Energy Level
Courage
Well-Defined Values
Strong Desire to Archieve
Commitment to Work

di biro yung mga tinype ko a... sakit na ng kamay ko (-_-")

Can You Understand?

1. (a.)Evaluate the different entrepreneurial characteristics under PECs. (b.)How does applying similar characteristics helps us succeed in other areas of life? (c.)Explain your answer by giving examples.

2. Explain how having Personal Entrepreneurial Compentencies can help you become a successful entrepreneur.

ANSWERS: (ang hirap xD)

1. (a.)Characteristics/qualities of a successful entrepreneur

Qualities or Personal Entrepreneurial Characteristics (PEC) of successful entrepreneurs refer to the desired traits, which enable an entrepreneur to do what is expected of him/her and succeed in business. It is the combination of these characteristics that is required to enable any one to perform effectively as an entrepreneur. It is possible for people to develop these characteristics and succeed in their careers as entrepreneurs. Successful entrepreneurs have common characteristics, which are divided into three clusters namely achievement, planning and power.

1. Achievement Cluster

Opportunity seeking

This refers to the quality that enables the entrepreneur to see and act upon new business opportunities even in situations where other people see nothing but problems/hopelessness only. It also encourages him/her to seize unusual opportunities for obtaining the necessary resources such as financing, equipment, land, workspace, technical assistance, etc, which will enable him/her to implement his/her business ideas.

Commitment to the work contract

This is the ability to accept final responsibility for completing a job for the customers. Customers expect entrepreneurs to perform and honour their commitments. It follows therefore that the entrepreneur should do everything possible to ensure that he/she fulfils the commitment with his/her customers. It means joining the workers to work with them to ensure that contractual commitments are fulfilled, the entrepreneur will do it.

Persistence

This is the quality, which enables the entrepreneurs to develop determination to have a thorough job done at any cost in terms of personal sacrifice. By doing this, the entrepreneur remains working towards the achievement of his/her set goals.

Risk taking

Entrepreneurs are people who prefer taking moderate risks. Before they commit themselves and their resources, they assess the risks that are associated with a business opportunity that they have selected, and their ability to manage them, the benefits that they will realise and the challenges that they will face from the venture to be undertaken.

Entrepreneurs can earn profits as a result of taking risks and the higher the risks, the higher the profits. However, entrepreneurs will always prefer to take on those risks that they can manage.

Demand for efficiency and quality

This is the quality that enables an entrepreneur to do things that meet or surpass existing standards of excellence or improve on performance by striving to do things faster, better and cheaply. By doing this, the entrepreneur remains ahead of others, makes more profits and retains a growing market share.

2. Planning Cluster

The planning cluster is made up of the following characteristics:

Goal setting

This refers to the ability of an entrepreneur to set clear and specific goals and objectives. These goals and objectives are normally high and challenging but at the same time, realistic and can be attained, given the resources that one has got at his/her disposal.

Information seeking

This is having the urge to look for the required information in order to make an informed decision, for example, selecting, starting and successfully managing the desired business. This calls for the concerned person to personally seek and obtain information regarding customers, suppliers, competitors as well as any other relevant information that is required to enable the entrepreneur make decisions and improve knowledge on his/her business.

Systematic planning and monitoring

This is the ability to develop plans that will be used in monitoring and evaluating the progress of the business. This helps the entrepreneur to carefully monitor his/her business’ actual performance against desired performance and turn to other alternatives whenever the need arises; so as to achieve his/her set goals.

3. Power Cluster

Persuasion and networking

This is the ability to link, convince and influence other individuals, agencies and other groups in order to maintain business contacts at a high level. This will help or work for the cause of the business in a positive manner to accomplish own objectives.

Self-confidence

This refers to having a strong belief or confidence in oneself and the ability to complete a difficult task or meet a challenge.

(b.) Applying this characteristic/s to being an entrepreneur can be succeeding because one person can have a successful life if he/she uses it in the right way offering people the services he/she can support so that he/she can support himself/herself or his/her families

(c.) Vigilance for opportunities:
Paolo and his classmates are required to do alot of paperworks that is needed to be typewritten.Because Paolo has a computer, he can offer his classmates to rent his computer for a fee

Commitment to work contract:
Paolo sometimes finds it hardly to finish because he has some paperworks to, but Paolo does his best so he skips his leisure time finishing the paperworks that his classmates entrusted to him

Persistence:
Because he is swamped with typing jobs, Paolo sometimes mixed up his classmates paperworks but instead of quitting, he does all of this things from the start

Willingness to take risks:
After all the paperworks he have done, Paolo saves enough money so he manages to buy a 2nd computer

Demand for efficiency and quality:
Paolo practices accurate typing and improves his speed. He does this to make sure he is able to come up with the best results at the fastest time possible

Goal setting:
Soon, many of Paolo's classmates frequent visit his house to take turns renting his computers. He then resolved to use all his profits to buy two more secondhand computers in the next 2 months

Information seeking:
Paolo's classmates started asking to apply internet connection so they won't have to rent outside to do their research. So Paolo inquires to the best os the best internet service provider and the most ideal package

Systematic planning and monitoring:
Having acquired two or more computers, he carefully planned on the additional software to install in the units so the units will not slow down. He also installed a program that automatically records computer use

Persuasion and Networking:
After installing the necessary applications, he convinced his classmates that they will have access to all the software that they need to do their assignments. He was also able to convince them to pass the news around about his superior services

Self confidence (yey! last na!!! xD) :
Although there are bigger computer shops around, Paolo's classmates still refer to use his comnputers. Tis is because he shows total belief in the advantages of his services over the more expensive and impersonal shops.. xD

2. Because you can use this characteristics to help you become a successful entrepreneur so that you can have a successfull bussiness..


SOURCE: BOOK xD

I LOVE IT :)

pose naman dyan xD

Explain what Personal Entrepreneural Competencies (PEC's) are. List down the different PEC's.

Achievement Cluster
I. Opportunity Seeking and Initiative
Does things before asked or forced to by events
Acts to extend the business into new areas, products or services
Seizes unusual opportunities to start a new business, obtain financing,
equipment, land work space or assistance
II. Risk Taking
Deliberately calculates risks and evaluates alternatives
Takes action to reduce risks or control outcomes
Places self in situations involving a challenge or moderate risk
III. Demand for Efficiency and Quality
Finds ways to do things better, faster, or cheaper
Acts to do things that meet or exceed standards of excellence
Develops or uses procedures to ensure work is completed on time or that
work meets agreed upon standards of quality
IV. Persistence
Takes action in the face of a significant obstacle
Takes repeated actions or switches to an alternative strategy to meet a
challenge or overcome an obstacle
Takes personal responsibility for the performance necessary to achieve
goals and objectives
V. Commitment to the Work Contract
Makes a personal sacrifice or expends extraordinary effort to complete a
job
Pitches in with workers or in their place to get a job done
Strives to keep customers satisfied and places long term good will over
short term gain
Planning Cluster
VI. Information Seeking
Personally seeks information from clients, suppliers or competitors
Does personal research on how to provide a product or service
Consults experts for business or technical advice
VII Goal setting
Sets goals and objectives that are personally meaningful and challenging
Articulates clear and specific long range goals
Sets measurable short term objectives
VIII. Systematic Planning and Monitoring
Plans by breaking large tasks down into time-constrained sub-tasks
Revises plans in light of feedback on performance or changing
circumstances
Keeps financial records and uses them to make business decisions
Power Cluster
IX. Persuasion and Networking
Uses deliberate strategies to influence or persuade others
Uses key people as agents to accomplish own objectives
Acts to develop and maintain business contracts
X. Independence and self-confidence
Seeks autonomy from the rules or control of others
Sticks with own judgement in the face of opposition or early lack of
success
Expresses confidence in own ability to complete a difficult task or meet a
challenge

Read more: http://wiki.answers.com/Q/What_is_personal_entrepreneurial_competencies_or_PEC's#ixzz1Oy15lDHA

Personal Entrepreneurial Competencies (PECs)
For reference, I'm posting here the ten Personal Entrepreneurial Competencies (PECs) which seems to be used in the Business Technology/Entrepreneurship programs of the Technology and Livelihood Education (T.L.E.) subject.

The original research by McClelland and McBer identified 14 PECs; the EMPRETEC [a UN program for small businesses; from the Spanish words emprendedores (entrepreneurs) and tecnología (technology)] clustered these into just 10:

Achievement Cluster
I. Opportunity Seeking and Initiative
* Does things before asked or forced to by events
* Acts to extend the business into new areas, products or services
* Seizes unusual opportunities to start a new business, obtain financing, equipment, land work space or assistance

II. Risk Taking
* Deliberately calculates risks and evaluates alternatives
* Takes action to reduce risks or control outcomes
* Places self in situations involving a challenge or moderate risk

III. Demand for Efficiency and Quality
* Finds ways to do things better, faster, or cheaper
* Acts to do things that meet or exceed standards of excellence
* Develops or uses procedures to ensure work is completed on time or that work meets agreed upon standards of quality

IV. Persistence
* Takes action in the face of a significant obstacle
* Takes repeated actions or switches to an alternative strategy to meet a challenge or overcome an obstacle
* Takes personal responsibility for the performance necessary to achieve goals and objectives

V. Commitment to the Work Contract
* Makes a personal sacrifice or expends extraordinary effort to complete a job
* Pitches in with workers or in their place to get a job done
* Strives to keep customers satisfied and places long term good will over short term gain

Planning Cluster
VI. Information Seeking
* Personally seeks information from clients, suppliers or competitors
* Does personal research on how to provide a product or service
* Consults experts for business or technical advice

VII. Goal setting
* Sets goals and objectives that are personally meaningful and challenging
* Articulates clear and specific long range goals
* Sets measurable short term objectives

VIII. Systematic Planning and Monitoring
* Plans by breaking large tasks down into time-constrained sub-tasks
* Revises plans in light of feedback on performance or changing circumstances
* Keeps financial records and uses them to make business decisions

Power Cluster
IX. Persuasion and Networking
* Uses deliberate strategies to influence or persuade others
* Uses key people as agents to accomplish own objectives
* Acts to develop and maintain business contracts

X. Independence and self-confidence
* Seeks autonomy from the rules or control of others
* Sticks with own judgement in the face of opposition or early lack of success
* Expresses confidence in own ability to complete a difficult task or meet a challenge


source:http://eduphil.org/forum/personal-entrepreneurial-competencies-pecs-t-1802.html

inventions that were invented due to necessity part 2 :))

Since the beginning of human life, enormous changes around us have taken us to a path of scientific progress, which in turn has benefited mankind in a number of ways. In every era, man has innovated a lot of things in order to cater to his rising needs.

Imagine life in the Stone Age! The primitive ways of living just comprised man's activities revolving around the search for food and shelter. They hunted animals for food and used caves as shelters, and animal skin and leaves to cover their bodies. Fire was discovered accidentally when two pieces of rock rubbed against each other, but since then people started using it for their protection and heating and cooking purposes.

Undoubtedly, these seem meaningless to us today, but consider life without these discoveries and inventions. Would you be able to enjoy the same quality of life without them? But the fact is that the emergence of necessities led man to explore further.

As time passed, man realized other needs arising around him. After catering to his fundamental needs of food and shelter, man felt the need for acquiring goods, which he himself could not produce. This led to the idea of the barter system under which goods were exchanged without the use of money, but a constraint to this mechanism was his limited movement. How far could a man travel, loaded with tons of wheat just for the sake of some kilos of meat? Then man came up with the idea of the wheel.

The wheel is undoubtedly one of the earliest and most important mechanical inventions. The invention of wheel served as a milestone in the history of science because it was a prerequisite for many other inventions. It introduced the idea of transportation network without which economy could never have developed. Without it there would be no movement, no cars, no trains, and no aeroplanes. It shrunk distances and provided man with an opportunity to explore the world.

The Chinese invented the wheelbarrow, which made use of lever action.

The first non-transport utilization of the wheel came in the Bronze Age with the invention of the Potters' wheel, first used in Mesopotamia in 3500BC. Pottery began to be shaped on a slow wheel in ancient Egypt in approximately 3000BC and on a fast wheel several centuries later.

However, as communication was channelized, rising horizons of the world led to the imperative need to express oneself. As the need arose, man seized the use of pictures and paintings for self-expression, which later developed the concept of writing. Initially, the ancient Romans and Egyptians used different signs and marks to symbolize different meanings. Later the Phoenicians invented the Alphabet in 1600BC and then numerals were invented in India in 300BC. Now people were able to communicate which one another when they moved from one place to another. But now the way of expression needed a medium to transfer. Verbal communications led to the creation of Languages.

With the need for writing evolved the need for a substance to write on. Rocks, parchments and leaves were initially used but they were not satisfactory. With the passage of time paper was first invented in China and later mushroomed in the rest of the world.

Man man oeuvres and hence his advancements continued. His necessities were growing rapidly in respect of such innovations. The wheel of time changed weeks into months and months into years. Now man was able to produce in massive quantities. As he entered the 17th century the massive inventions and innovations directed his entire life to a different way.

First the emergence of the steam engine provided a landmark in the Industrial Revolution of Europe. The first steam engine was built by an engineer, Thomas Newcomen in 1705 to improve the pumping equipment used to eliminate seepage in tin and copper mines. He put steam in the cylinder and then condensed it with a spray of cold water. The vacuum created allowed atmospheric pressure to push the piston down.

Later the same idea was developed even further to advance the operations of the steam engine. But now the search was for cheap transmission of energy because how far could man rely on manual conducts. It was not until 1831 when Michael Faraday demonstrated how electricity could be produced and that in 1873 led to the development of a dynamo capable of prolonged operation. Electricity was a major factor in the phenomenally rapid industrialization of the world in the 18th and 19th century. Thus the Industrial Revolution was attributed to the emergence of a number of simultaneous factors, which included steam engine, electricity and cheap steel, which further accelerated the process of progress.

It was a propitious time to introduce novel ideas. The fundamental principle used in the steam engine and electricity paved the way for proceedings in scientific block. To bolster communication, the telephone was invented by Alexander Graham Bell in 1876. In 1886 a German, Gotlieb Diameter built the first-petrol driven vehicle which eased man's movement in the form of less time and more comfort. The first TV broadcast appeared on the world horizon at the Alexander Palace, London, in 1936 which further accelerated the process of exchanging thoughts and ideas.

The above great scientific inventions were worth mentioning not just to make you acquainted with such innovations but also to interpret the fact that how man moulded himself in accordance with his needs. As the need arose, man came up with new ideas, new thoughts and forcefully pushed his mind to run on that particular line of action.

Even in the modern era, man has been found to observe the same behavioral patterns. Some years ago TB and cancer were regarded as incurable diseases, man conducted massive research on them and finally came up with effective solutions.

Until the World Wars I and II, the world never experienced any threats to its peace and harmony. However after these two events, the less developed countries were endangered by the more technologically advanced countries regarding their defence. This led to the emergence of United Nations Organization, which was developed to promote stabilized political, economical and social conditions conducive to peace.

Similarly, the computer was required to handle process and programmed the data collected in different forms. The invention of the Internet was eventually an outcome of the need to shrink distances and increase rapid connectivity.

Today most countries are facing the dilemma of energy crisis. Historically fossil fuels have been the main source of energy supply and have served human energy needs for thousands of years. But now their depletion has stressed man to use some alternative means to meet growing energy demands. The use of hydrogen has been regarded as the optimum future fuel as it is the simplest and most abundant element in the universe.

Whether it is the old age or modern era, man has been found too efficient to satisfy his needs and has set numerous examples of it. No matter whether it was a political issue, scientific concern or even day-to-day chores of life man has reacted in a flexible mood to create a way for himself whenever he realized his needs. Unsurprisingly he has been successful in achieving an alternative source for his need each time as wherever there is a will there is a way.

Syeda Mahwish Fatima Naqvi writes Articles, Features, Columns in Different newspapers and Magazines, working as a content writer.

source:

inventions that were invented due to NECESSITY :D