Answer to assignment no. 6

FILIPINO ENTREPRENEURS
                                                                                            Tomb of Max Soliven

1.  The Philippine Star is a daily English-language broadsheet newspaper based in Manila and circulated nationwide in the Philippines. Owned and published by PhilSTAR Daily, Inc, it was founded on July 28, 1986 by veteran journalists Max Soliven, Betty Go-Belmonte and Art Borjal. The Philippine STAR has an established circulation in Hong Kong and Saudi Arabia.
It is among the top three broadsheets in the country, by circulation, along with the Philippine Daily Inquirer and the Manila Bulletin, with other Philippine newspapers trailing far behind. Data from the Neilsen Media Index for the first quarter of 2008 show that the Philippine Star is the most read broadsheet in the Philippine capital of Metro Manila, with a Monday-to-Saturday readership of 47.4 percent. As of the last semester of 2007, the Media Index also showed the Star is the number one broadsheet among the ABC1 socio-economic class, with 47.3 percent of the market, up from 35.7 percent the previous year. ^[1] A separate survey by the Nielsen Media Research - Print Advertising Information Service, which monitors print advertising placements, shows that in 2007, the STAR received the lion's share of advertising expenditure among all other Philippine broadsheets. It reports P2.97 billion worth of advertising went to the Philippine Star, followed by P2.68 billion for the Philippine Daily Inquirer, and P1.35 billion for the Manila Bulletin.
     The current editor of the Philippine Star is Isaac Belmonte.
                                                                                                                               
2.  Edgar Sia II engaged in business at twenty years of age. He opened the first branch in December 2003 at the Robinson's Mall Carpark-Iloilo.

 Edgar Sia II

     In 2003, he opened Mang Inasal. The restaurant was instantly successful that it spread throughout most of the Visayas, to Mindanao, and then Metro Manila. It applied for franchise a couple of years later.^[1]
     By 2009, Mang Inasal opened one hundred stores.
In October of 2010, 70% of Mang Inasal was acquired by Jollibee Foods Corporation for P3 billion.
                                                                                                                                                                              Dr. Amable R. Aguiluz V
3.  AMA Computer University was founded by Dr. Amable R. Aguiluz V, who named it after the initials of his father's name, Amable Mendoza Aguiluz, Sr. A visionary, Dr. Aguiluz saw the need and demand for fully trained computer professionals in the country. Sadly, during the said time, no institution in the country was willing to offer computer education to professionals.
Having seen the importance of computers in the corporate world and emerging industries, Dr. Aguiluz saw that existing computer schools then lacked computers and planned to offer a curriculum based on a one computer per student policy.
     Aguiluz founded the AMA Institute of Computer Studies on June 1981, with the first computer school located along Shaw Boulevard on October 20, 1980. At that time, AMA Institute of Computer Studies offered only short-term courses in Electronic Data Processing Fundamentals, Basic Programming, and Technology Career. Two student(s) enrolled at the AMA Institute of Computer Studies during the first semester.

Answer to assignment no. 5

The entrepreneurial characteristics that helped Carla become successful are:creativity,self confidence,decision-making skills,high energy level,courage,desire for immediate feedback,well-defined values,and strong desire to achieve.

Answer to assignment no. 4

1.If you apply personal entrepreneurial competencies to areas of life other than business,you can be successful in your attempts to make your life easier and more convenient.You may also gain good reputation from people so that you'll be successful in business and life as well.
   a.Vigilance for opportunities-When an entrepreneur sees an opportunity for business,he is quick to take it.Entrepreneurship is a competitive field,and he is always on the lookout for chances to improve his position.
   b.Commitment to work contract-An entrepreneur always delivers his promise promptly,for he values his reputation for dependability and will do everything not to back out on a commitment.
   c.Persistence-An entrepreneur doesn't let obstacles get in his way,he will find a solution to these obstacles and accomplish his tasks he set for himself.
   d.Willingness to take risks-Business involves taking risks.An entrepreneur takes his chances with a new venture that better services can be discovered.
   e.Demand for efficiency and quality-A true entrepreneur will not settle for anything but the best.He will insist on making his products better and more efficiency.
   f.Goal setting-Setting a goal gives the entrepreneur a sense of purpose.It inspires him to make definite plans and to follow those plans with concrete action.
   g.Information seeking-An entrepreneur always seek information to enhance the quality of his products and services.
   h.Systematic planning and monitoring-The success of an entrepreneur relies greatly on his ability to make detailed plans before starting out  on his venture to success.
   i.Persuasion and networking-An entrepreneur must have the ability to convince customers to buy his products.
   j.Self confidence-An entrepreneur shows his confidence in his business because he knows he has done and is doing his best to give his clients the best value for their patronage.
2.An entrepreneur must have the PECs so that he/she can become successful in business and in life.

Answer to assignment no. 3

          Personal Entrepreneurial Competencies (PECs) are the traits of an entrepreneur should have to become successful in business.PECs include the following characteristics:
   1.Vigilance for opportunities
             - In situations when other people see only problems,hopelessness,and more problems,an entrepreneur may seek the opportunity to make new business ideas.
   2.Risk taking
             - Before moving to a new field of business,an entrepreneur calculates the number of risks and alternative solutions for them.
   3.Persistence
             - An entrepreneur must have determination to succeed and to go through any kind of obstacle he/she encounters.
   4.Commitment to work contract
             - The ability to accept responsibility for completing a task for the customers.
   5.Demand for efficiency and quality
             - The trait of an entrepreneur that allows him/her to do things beyond the expectations of customers.
   6.Goal setting
             - This trait allows an entrepreneur to set clear and specific objectives.
   7.Information seeking
             - The urge to look for more information about an entrepreneur's field of business and uses these information to make better quality of his/her offers and services.
   8.Systematic planning and monitoring
             - This trait allows the entrepreneur to make  plans that will help achieve goals and monitor the progress of the business.
   9.Persuasion and networking
             - This trait allows an entrepreneur to convince the people to accept his/her offer.
10.Self-confidence
             - This trait refers to an entrepreneur's ability to believe in his skills and abilities,allowing him/her to pass obstacles and achieve his/her goals.
          Applying these characteristics to being an entrepreneur can help him/her succeed in business and life,proven that he/she will use them the correct way.

Answer to assignment no. 2

Liquid Paper-Bette Nesmith Graham  
          It was originally called "mistake out", the invention of Bette Nesmith Graham, a Dallas secretary and a single mother raising a son on her own. Graham used her own kitchen blender to mix up her first batch of liquid paper or white out, a substance used to cover up mistakes made on paper.Bette Nesmith Graham put some tempera waterbased paint, colored to match the stationery she used, in a bottle and took her watercolor brush to the office. She used this to correct her typing mistakes… her boss never noticed. Soon another secretary saw the new invention and asked for some of the correcting fluid. Graham found a green bottle at home, wrote "Mistake Out" on a label, and gave it to her friend. Soon all the secretaries in the building were asking for some, too.
          In 1956, Bette Nesmith Graham started the Mistake Out Company (later renamed Liquid Paper) from her North Dallas home. She turned her kitchen into a laboratory, mixing up an improved product with her electric mixer. Graham’s son, Michael Nesmith (later of The Monkees fame), and his friends filled bottles for her customers. Nevertheless, she made little money despite working nights and weekends to fill orders. One day an opportunity came in disguise. Graham made a mistake at work that she couldn’t correct, and her boss fired her. She now had time to devote to selling Liquid Paper, and business boomed.
By 1967, it had grown into a million dollar business. In 1968, she moved into her own plant and corporate headquarters, automated operations, and had 19 employees. That year Bette Nesmith Graham sold one million bottles. In 1975, Liquid Paper moved into a 35,000-sq. ft., international headquarters building in Dallas. The plant had equipment that could produce 500 bottles a minute. In 1976, the Liquid Paper Corporation turned out 25 million bottles. Its net earnings were $1.5 million. The company spent $1 million a year on advertising, alone. Bette Nesmith Graham believed money to be a tool, not a solution to a problem. She set up two foundations to help women find new ways to earn a living. Graham died in 1980, six months after selling her corporation for $47.5 million.