ENTREPRENUERIAL MANAGEMENT

-Early inhabitants of Filipino came from all parts of Asia through land bridges. -The group of Islands is settled by different tribes.

-their way of living -planting and gathering food -hunting wild animals -fishing along the shores

Entrepreneurship is part of the historical and economical changes that happened in the Philippines.

a system where people gave something in exchange for a commodity they received.

No money was involved but instead, they practiced an honest exchange for goods.

In this period, exchange of goods become a practice for centuries and entrepreneurship was primitive as values were not established.

Entrepreneurship was limited to the development of agriculture as the Spanish promoted the encomiendas for the colonial masters

is a grant by the Spanish crown to a colonist in America conferring the right to demand tribute and forced labor from the inhabitants of an area.

More than 300 years we were under Spanish rule

In the later part, they promoted a colonial entrepreneurial activity. The lands were devoted to the planting of tobacco especially in the northern part of be exported to Spain through the Galleon Trade.