Competencies of Entrepreneurs
Common Competencies of an Entrepreneur
Types of Entrepreneurs
Forces of Competition Model
Misc.
10
This means that one of the benefits an entrepreneur gets is to develop his managerial skills.
Development of Managerial Capacities
10
It is the act or process of trying to get or win something.
Competition
10
They are those who live on the labor of others. They are die-hard conservatives even ready to suffer the loss of business.
Drone Entrepreneurs
10
They are the ones that pay cash in exchange for your goods and services. One example is the influence of the price or in the bargaining strategy. The buyer has a strong and magnified bargaining power. The threat of its bargaining power will be less if the following factors are noticed:
BUYERS
10
He started an ice cream store in 1975. His store was not generating enough income. So, he talked to the people and decided to add some to his menu offering based on their suggestions. And those are the burgers and fries (too many to
mention), that we love today.
Tony Tan Caktiong
20
Factors affecting entrepreneurship which means he can classify opportunities and seize them.
What is proactive?
20
Competencies of an entrepreneur who is firm in making decisions.
Decisive
20
They are those who initiate changes and drive social innovation and transformation in the various fields such as education, health, human rights, environment and enterprise development.
. Social Entrepreneurs
20
It is defined as companies or businesses that have the ability to penetrate or enter into a particular industry.
New Entrant
20
The youngest Filipino billionaire at the age of 34. The founder of Mang Inasal.
Edgar Sia
30
This means that because of entrepreneurship many organizations will exist.
Creation of Organizations
30
The competency of an entrepreneur has a convincing power.
Communicator
30
They are skeptical about changes to be made in the organization. They don’t initiate but follow only after they are satisfied.
Fabian Entrepreneurs
30
It is a state or situation wherein business organizations are competing with each other in a particular market.
Rivalry
30
She showed commitment by overcoming her relationship challenges to start with. Business-wise, her solid dedication can be seen in how she stood still despite the challenges their bookstore faced, from typhoon to fire. She is the founder of National Bookstore.
Socorro Ramos
40
Personality Factors which mean to pursue things to get done regardless of challenges.
Perseverance
40
The competency of an entrepreneur requires charisma.
Leader
40
They are those who always make new things by thinking of new ideas. They have the ability to think newer, better and more economical ideas.
Innovative Entrepreneurs
40
They are the one that serves the same purpose as other products in the market.
Substitute
40
He manufactured aluminum toothpaste containers for Procter and Gamble, Uniliver (used to be Philippine Refining Company, and Colgate-Palmolive. Eventually, due to environmental issues, his clients decided to shift to plastic-laminated containers causing his company to fail and close in 1986. He built Lamoiyan Corporation and produced similar product with half-price than that of his competitors. To target the young market, he featured Sesame Street’s characters on the packaging of his children’s toothpaste alongside with Filipino-touched Hapee and Kutitap.
Cecilio K. Pedro
50
Personality Factors which mean to l pursue things to get done regardless of challenges.
risk taker
50
The entrepreneur has big business ideas and he does not stop improving and thinking of new worthwhile ideas for his business.
Innovative
50
They are those who don’t create new things but only follow the ideas of other entrepreneurs.
Imitating Entrepreneurs
50
They are the ones that provide something that is needed in business operations such as office supplies and equipment.
The Suppliers
50
She is a dietician by profession, started preparing “healthier” options for those who cannot avoid having canned or frozen goods for food. CDO corned beef, CDO Ulam Burger and others are some of the many offerings of the CDO Foodsphere. Wondering why it is named CDO? Of course, from its founder’s name!
Corazon D. Ong