Week 4 Entrepreneurship in the Philippines PDF

entrepreneurial mind Entrepreneurship in the Philippines  Objectives At the end of the discussion, the students were able to: ❑ Explain the different entrepreneurial ventures and trends of startups in the Philippines. ❑...

entrepreneurial mind Entrepreneurship in the Philippines  Objectives At the end of the discussion, the students were able to: ❑ Explain the different entrepreneurial ventures and trends of startups in the Philippines. ❑ Recognize the impact and value of entrepreneurship to the Philippine economy. ❑ Analyze the government programs related to entrepreneurship. The Entrepreneurial Mind Qualities of N-Entrepreneurs Entrepreneur and They led the local business scene and made successful forays the Cultural Aspect abroad They were mostly in food of Entrepreneurship processing, property development, and trade (including shopping malls) The Entrepreneurial Mind Entrepreneurship as primarily the The supply of product of entrepreneurs tends to be resources as well as uneven in time and place. opportunities and Stresses the importance of the firm’s internal and constraints in external motivational society states The Entrepreneurial Mind  Economic Liberalization during the Post-Marcos Period Economic Restructuring and Cronyism during the Authoritarian Period Free Trade and Protectionism during the Independence Period The Colonial Era The Entrepreneurial Mind The PREColonialEra Barter system Trading with the Arabs and Chinese Local traders made handicrafts and other ornaments and sell them to Borneo, Malacca, and China The Entrepreneurial Mind The Colonial Era 18th Century Manila-Acapulco Galleon Trade (Spanish China-Acapulco Galleon Trade Tobacco Monopoly colonization) 19th Century Large landholdings were being concentrated in the hands of a few families and organizations Agriculture thrived in several provinces and, along with it, local crafts, commerce, and trade. The Entrepreneurial Mind The Colonial Era Mid-19th Century Tariff and tax-free export (coconut, (American tobacco, sugar, and abaca) Among the prominent entrepreneurs colonization) who responded to the opportunities of the 19th century were the Roxases and the Barrettos. 20th Century Metals and minerals production The production of primary commodities increasingly became specialized and adapted for export to the American market. Liberal Economic Policy The Entrepreneurial Mind The Colonial Era 20th Century Philippine Autonomy Act (Jones Law) Creation of PNB Tydings-McDuffie Independence Advances in transportation and communications as well as mass production and mass distribution conditioned the rise of modern industrial enterprise The Entrepreneurial Mind Free Trade and Post-Colonial Period Philippine Free Trade Act (Bell Protectionism during Trade Act) the Independence Filipino First Policy The emergence of a Filipino Period manufacturing elite in the 1950s stimulated the banking and financial industry Philippine colleges and universities were producing a larger supply of technical and managerial skills than what domestic industry could absorb. The Entrepreneurial Mind  Philippine Economic Structure Free Trade and and Performance since the Protectionism during 1950s the Independence The government induced the Period development of manufacturing industries, particularly consumer goods. The historical patterns in the country’s production, trade, and employment structures are suggestive of long-term economic performance. The Entrepreneurial Mind Free Trade and Philippine Economic Structure and Performance since the Protectionism during 1950s the Independence Period The decades-long transformation of the Philippines into a service economy and the stagnation of its manufacturing sector limit the expansion potentials for employment and GDP. The Entrepreneurial Mind Economic Martial Law Filipino–foreign joint ventures in Restructuring and the Philippines increased Cronyism during the Promote the production of non- traditional export commodities Authoritarian Period following the expiration of the Laurel–Langley Agreement Infrastructure projects attracted many a conglomerate to expand. The Entrepreneurial Mind Economic Martial Law Increased outmigration of Restructuring and Filipino workers Cronyism during the Progress in infrastructure, transportation and Authoritarian Period communication, the supply of technical and managerial skills, as well as the development of markets associated with foreign capital therefore created tremendous opportunities for entrepreneurship and diversification. The Entrepreneurial Mind Economic Aquino and Ramos Improvements in the entry of Liberalization during foreign investments as well as in trade policy stimulated the the Post-Marcos growth of domestic markets, Period providing employment and boosting local entrepreneurship Lucio Tan, Zobel de Ayala Group, Lopez Group, Gokongwei Firms The benefits of a liberal economic regime, albeit a severely criticized one, have not been confined to big and established businesses The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind FILIPINO VALUES AND CULTURE Love for imported products Bahala na values Crab mentality Mañana Habit The value of time Hiya Fiesta and Social Occasions The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind The Entrepreneurial Mind RA 6977: Magna carta for small enterprises Micro – less than P150k Cottage – P150k-P1.5m Small – P1.5m – P15m Medium – P15m – P60m Large – P60m above  PERSPECTIVES IN SME’S “ What are the policymaker’s “ perspective in SMEs in the Philippines? A country will look very bad if it choose not to have an SME program.  PERSPECTIVES IN SME’S “ What are the policymaker’s “ perspective in SMEs in the Philippines? SMEs are an effective means to achieve both economic and social goals.  PERSPECTIVES IN SME’S “ What are the policymaker’s “ perspective in SMEs in the Philippines? International organizations support SME development and provide access to financial and technical resources.  PERSPECTIVES IN SME’S “ What is the SME owners’ perspective in the “ Philippines? There are difficulties encountered by SMEs in macroeconomic level. Most studies focus on the microeconomic level or [pointed directly to entrepreneur’s characteristics and decision-making.  PERSPECTIVES IN SME’S “ What is the academician / scholars’ perspective in the “ Philippines? Rodriguez and Tecson focus on the impact of liberalization on Filipino SMEs in the manufacturing sector.  PERSPECTIVES IN SME’S “ What is the academician / scholars’ perspective in the “ Philippines? Rebullida (2000) highlighted the area of human resource development as one where SMEs and the government need to focus in order to enhance productivity and quality.  PERSPECTIVES IN SME’S “ What is the academician / scholars’ perspective in the “ Philippines? Some study shows the motivation for SME development. The need to distinguish between microenterprise and SMEs as each group respond differently to changes in economic conditions. SMEs Effect on Entrepreneur Entrepreneur’s Personal 01 attitudes and beliefs 02 Difficulties faced by Entrepreneurs Thank you and god bless ☺ CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik