Programs & Policies on Enterprise Development Learning Module
Week 2 Entrepreneurship in the Philippine Setting
Learning Objectives:
To be able to discuss the entrepreneurship in the Philippines; Identify some of the positive
values of the Pilipino entrepreneurs; Enumerate some common business ideas for young
Pilipino entrepreneurs.
Assignment:
Read the following sections (found in Reading Selections in the Lesson Summary
section). Try to answer the activity section based on your own understanding.
Look over the amount of reading before you begin, and make a plan to divide it up so you
questions about the
reading, ask for help or do some extra research on your own.
Lesson Summary:
Entrepreneurship in the Philippines
The Philippines is a highly entrepreneurial country. The main reason that drives its
entrepreneur spirit is its poverty. Small and medium-sized enterprises (SME) account for
the largest share of Philippine entrepreneurs. SMEs, including micro-enterprises, account
for 99 percent of all business establishments and 60 percent of the exporting firms in the
Philippines. SMEs currently employ about 55 percent of the Philippine labor force and
contribute 30 percent to total domestic volume sales. Women hold significant leadership
positions in national and local government, universities, business corporations and family
business enterprises in the Philippines. 51% of entrepreneurs in Philippines are female.
Challenges for entrepreneurs in Philippines include a lack of research and
development, inadequate access to technology, financing - most
entrepreneurs starting small business in the Philippines have difficulty acquiring capital,
a lack of marketing advice and logistical problems.
The Philippines government sees that Entrepreneurial efforts will help ignite economic
growth, improve living standards, and build a worldwide market for Philippine products so
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Programs & Policies on Enterprise Development Learning Module
they welcome foreign investors and offer incentive and support by lowering tariffs,
opening its entire ec
Positive Values of a Filipino Entrepreneur
1. Pakikipagkapwa Tao (Human Relations)
2. Bahala na or Malakas ang loob (Strong-hearted)
3. Pakikipagsapalaran (Adventure)
4. Gaya-gaya (Imitations)
5. Utang na loob, Hiya, Awa, Bayanihan
6. Kasipagan (Diligence)
7. Pagtitipid (Thrift)
8. Pagtitiis (Endurance)
9. Pagtitimpi (Self-control)
10. Katapatan (Honesty)
Top 5 Business Ideas for Young EntrePinoys
1. Jewelry and Bead Accessories: If you have that creative skills in making
fashionable cute and sellable accessories, then starting a jewelry and bead
accessories making business
need: this depends on how many you want to make. Capital can range from
P1,500 and up. You will also need materials such as pliers, long nose, beads/
stones, head pins, wires or nylon cord.
2. Food Baking Cupcakes: Filipinos are fond of eating and if you have the passion
for cooking and baking, then selling simple baked goodies to your classmates,
neighborhoods, or to offices, food shops and sari-sari stores is one way to start.
baking pan,
3. Online Selling: Since anyone is almost connected to the world wide web,
great venue to sell your products from handmade bags, shoes, clothes,
accessories, and hard to find items. You can sell your items using Lazada,
Facebook
P5,000 and up you can buy products from Divisoria
place for any hard-to-find items.
4. Services
to make good use of it! If one of your skills is making websites or speed typing,
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Programs & Policies on Enterprise Development Learning Module
photography, event planning
be afraid to offer your services to make an income.
5. Stock Market: If you have saved up enough money, or your parents are helping
you out, you can invest in stocks invest in
the stock market as low as P5,000. For more info, you can visit
[Link]
Materials:
N/A
Activity:
Answer the following questions, thoroughly.
1. Why do you think we have a less developed economy?
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2. Briefly explain all the positive values of a Filipino entrepreneur.
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Programs & Policies on Enterprise Development Learning Module
3. Will an entrepreneur succeed if one or two of these positive values are absent?
Explain.
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4. List down of five innovative products or services currently introduced in the
market. Except those above mentioned.
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Learning Assessment:
Not yet
Areas of Assessment Developing Achieved Notes
evident
To discuss the
entrepreneurship in the
Philippines
Identify some of the
positive values of the
Pilipino entrepreneurs
Enumerate some common
business ideas for young
Pilipino entrepreneurs.
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