Entrepreneurship Reviewer (Grade 12) PDF

Entrepreneurship Reviewer (Grade 12) 1. Recognizing and Understanding the Market Essentials in Opportunity Seeking: 1. Entrepreneurial Mind Frame - Positive thinking and risk-taking. 2. Entrepreneurial Heart Flame - Passion-driven and goal-oriented. 3. Entrepreneurial Gut Game - Confidence and i...

Entrepreneurship Reviewer (Grade 12) 1. Recognizing and Understanding the Market Essentials in Opportunity Seeking: 1. Entrepreneurial Mind Frame - Positive thinking and risk-taking. 2. Entrepreneurial Heart Flame - Passion-driven and goal-oriented. 3. Entrepreneurial Gut Game - Confidence and intuition. Sources of Opportunities: 1. Changes in the Environment - Physical, societal, and industry environments. 2. Technological Advancements - New inventions create business opportunities. 3. Government Programs and Policies - Laws inspire new product ideas. 4. Past Experiences - Skills can lead to related business ventures.  Entrepreneurship Reviewer (Grade 12) 2. Porter's Five Forces of Competition 1. Buyers - Influence pricing and demand. 2. Potential New Entrants - Increase competition. 3. Substitute Products - Reduce market share. 4. Suppliers - Control production costs. 5. Rivalry Among Existing Firms - Pricing and promotional strategies.  Entrepreneurship Reviewer (Grade 12) 3. Environmental Scanning External Business Environment: 1. Micro-Environment - Suppliers, customers, competitors, and publics. 2. Macro-Environment - Economic, political-legal, technological, global, and socio-cultural factors. Internal Business Environment: - Value System - Mission and Objectives - Organizational Structure - Corporate Culture - Quality of Human Resources - Labor Unions - Physical Resources and Technology  Entrepreneurship Reviewer (Grade 12) 4. Market Research and Data Collection Data Collection Techniques: 1. Surveys - Conducted via mail, phone, or online. 2. Interviews - Personal, telephone, or online. 3. Focus Group Discussions - Group sessions lasting 90-120 minutes. Tips for Effective Data Gathering: - Organize data as soon as possible. - Keep questionnaires simple and concise. - Avoid difficult-to-answer questions. - Ensure response categories are mutually exclusive.  Entrepreneurship Reviewer (Grade 12) 5. Entrepreneurial Intentions Scale After taking the assessment, refer to the following scale: 40-50: Very high intention to become an entrepreneur 30-39: High intention to become an entrepreneur 20-29: Average intention to become an entrepreneur 19 and below: Low intention to become an entrepreneur