3 local successful entrepreneurs

1.Manuel Pangilinan. Manuel or “Manny” Pangilinan is the top honcho of the Philippine Long Distance Telephone Company (PLDT). Under Manuel Pangilinan’s watch, PLDT slowly amassed full or majority ownership on a number of key Internet, communications and broadcasting related corporations. This has made the Wharton-educated Pangilinan one of the Philippines’ top telecommunications magnates.  Pangilinan is also engrossed in propelling Philippine basketball back to its old glory days.  This successful entrepreneur currently owns a professional basketball team bearing the name of a mobile phone company he also owns, which competes in a Philippine based league. He has also almost exclusively bankrolled the entire Philippine national basketball team which represents the country in international basketball competitions.  

2.Henry Sy. (Chines ;pinyin:Shi Zhi Cheng; born December 25, 1924) is a Cinese Filipino businessman and the founder of SM Group and chairman of SM Prime Holdings, the largest retailer and shopping mall operator in the Philippines. He earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950.^[2] Acknowledged as the country’s "Retail King," he has come a long way from the modest shoe store he set up in Quiapo in 1946, to become Asia's biggest shopping mall operator with over 41 malls throughout the Philippines.

3. Cecilio Kwok Pedro is an entrepreneur who made it to the top after his failure back in 1985. His principle is much grounded and to quote this man of humility, he once said, "We are competing against the giants. Without faith and without the intervention of the divine, it is really difficult to survive in this industry." The founder of Hapee toothpaste in the Philippines, making his company, Lamoiyan Corp., the country’s first homegrown toothpaste name.

                                           PECs

-Personal Entrepreneurial  Comoetencies

_set of entrepreneurial characteristics, which play a                

major role in the success of an entrepreneur

1.                Vigilance for Opportunities

2.              Commitment to Work Contract

3.               Persistence

4.             Wllingness to Take Risks

5.               Demand for Efficiency and Quality

6.              Goal Setting

7.               Information Seeking

8.               Systematic Planning and Monitoring

9.              Persusasion and Networking

10.         Self-Confidence

DO YOU UNDERSTAND?

QUESTION:

1.    Do you think all the characteristics of a successful entrepreneur are equally important or are some more important than the others? Explain your answer.

ANSWER:

1.                Yes, for me I think all characteristics are equally important to be a successful entrepreneur, because if one characteristic is missing, you will also not meet the demands of the customers and if you don’t meet their demands, this will cause a bad reputation to you and if you have a bad reputation it will pull you down, and that will be the cause for your business not to succeed…                                                                                        

THE MUST-HAVE CHARACTERISTICS:

                        (PECs)

1.                Vigilance for Opportunities

2.               Commitment to Work Contract

3.              Persistence

4.              Willingness to Take Risks

5.              Demand for Efficiency and Quality

6.              Goal Setting

7.              Information Seeking

8.              Systematic Planning and Monitoring

9.              Persuasion and Networking

10.        Self-Confidence

.CAN U UNDERSTAND?

Can you understand?

1.Evaluate the different entrepreneurial characteristics under PECs. How does applying similar characteristics help us succeed in other areas of life? Explain your answer by giving examples.

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

Answer:

1.Due to the different entrepreneurial characteristics of PECs every person who would like to engage business are free  to compete their products without control by the government. Every time a new entrepreneur enters  business new challenges come up for competing businesses to improve their products, thus benefiting the consumer.

By applying similar characteristics there are different businesses like the Jollibee, McDonalds and other food chain compete each other and greatly succeeded in their business.

2.The success of every businessman greatly depends on a certain set of characteristics of the PECs, because the PECs play a major role in the success of an entrepreneur.

ICT ASSIGNMENT #3

ENRICHMENT ACTIVITY……..p. 10

If I were an entrepreneur, I would be in the writing business because I’m good in writing poems and stories in english or tagalog….and someday I want to have my own publishing company….

ICT ASSIGNMENT #2

EASTMAN, GEORGE

George Eastman (1854-1932) was an American inventor who made many improvements in photography. Eastman invented the dry plate method in 1879; this was an improvement in the wet plate process photographic process). He founded the Eastman Dry Plate company in 1881, located in Rochester, New York. Eastman and William Walker invented flexible roll film in 1882, eliminating the necessity of using cumbersome glass plates for photography. Eastman produced the first simple, all-purpose, fixed-focus camera in 1888, which sold for $25.00; this was the first KODAK Camera . By 1900, Eastman Kodak was producing a camera that cost only one dollar. Early cameras took round pictures. To get the film developed, the photographer had to send the entire camera to the Rochester factory. The company name was changed to Eastman Kodak Company in 1892, and is still one of the largest photographic companies in the world.