hw #4

Henry Sy. As a child, Henry Sy used to work twelve hours a day to help his father run their small family-owned convenience store. During the Second World War, their store was looted and burned so the young Sy switched to buying whatever he could to sell for a profit. Hard times and a humble background in retail shaped and molded the young Sy. Today, he is touted by the business community as the richest man in the Philippines. With over fifty malls and stores of various sizes, the most recognized of all famous Filipino businessmen has foothold in virtually all the major cities in the Philippines. They recently even expanded to Guam and China. To date, three of the ten largest malls in the world are owned and operated by his company.
Lucio Tan. Lucio Tan worked as a janitor in a cigarette factory. After a few promotions, he eventually resigned and started his own tobacco company. His tobacco company grew to capture a 60% share of the Philippine market. With its strong revenues, Tan was able to diversify. This famous Filipino businessman now owns several prominent Philippine companies, many of which are blue-chippers.  Among the top businessmen, Tan is arguably the most enigmatic.  Among his contemporaries, he is probably accessible and prefers to stay out of the limelight.
Tony Tan Caktiong. At a time when McDonalds has virtually dominated the fast food industry in the region, Caktiong’s famous Filipino owned Jolibee has topped the local fast food scene year after year. In 1978 when he first started, this famous entrepreneur initially envisioned and set up an ice cream parlor. However, he saw the demand for inexpensive and quick meals on the go, so he overhauled Jolibee’s menu with burgers and fries as its main offering.  Sales skyrocketed and profits flowed in. By the mid-90’s, Jollibee had an outlet in virtually every nook and cranny in the Philippines. His company also purchased several competitors and even opened restaurants in Asia, the Middle East and the United States.

hw #2

http://www.idsia.ch/~juergen/zuse.html

hw #3 PECs

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

homework #1

1.What are the Characteristics that helped James succeed?
a. hardworking
b. creative
c. persuasive
d. patient
e. wise
2.Enumerate Marie's Characteristics that helped her become a successful enterpreneur...
a. hardworking
b.persuasive
c. eager
d. intelligent

a.What are the Characteristics that helped James succeed?
They both become successful entrepreneurs...
b.Enumerate Marie's Characteristics that helped her become a successful enterpreneur.
James is interested in woodcutting while marie is interested about plants.
c. What made Marie's business somewhat risky at first? how did she feel about it?
Besides it's a part time job, it was a new and risky field for her so she felt worried.

d. What common traits did Marie and James have that helped them succeed as entrepreneurs?

They were both hardworking.

page 10

I.Study the list of persons from different fields listed below.Choose who among them is an Entrepreneur.Explain your Answer.

bank clerk pastry shop owner bus liner operator

policeman computer shop owner vise president of a big company

teacher farmer

fisherman chef in an Italian restaurant

ans: Pastry shop owner and computer shop owner are the entrepreneurs because they see the potential in a product or service and takes the risk selling it and they manage their own business, while the others are not because they are employed by a certain business firm.

II.

If i were an entrepreneur, i would be in the food business because it is easy to sell and most Filipinos love to eat...