Week 1 2 Entrepreneurship
Week 1 2 Entrepreneurship
Definition:
Entrepreneurship refers to the process of identifying opportunities, developing ideas, and
turning them into viable business ventures. Entrepreneurs are individuals who take the
initiative to innovate, take risks, and manage resources to create value, often filling gaps in
the market.
Importance:
Examples:
Tony Tan Caktiong: Founder of Jollibee, who identified a demand for locally
flavored fast food and grew the business into a global brand.
https://youtu.be/kkAyW5Ilmso?si=JJsoxmogzrEYRyyE
Eduardo “Danding” Cojuangco Jr.: Founder of San Miguel Corporation, which has
significantly impacted food, beverage, and agribusiness industries in the Philippines.
https://youtu.be/JlsVMSPBxvM?si=ihgU3Tmnj1lNV5uD
o Example: Socorro Ramos, who risked her savings to start National Book
Store, now the largest bookstore chain in the Philippines.
3. Persistent: Entrepreneurs remain dedicated even in the face of challenges.
o Example: A Filipino teacher creating online tutoring services to continue
education during the COVID-19 pandemic.
4. Visionary: Sees potential opportunities that others might miss.
o Example: Gawad Kalinga founder Tony Meloto, who envisions ending
poverty through community-driven initiatives.
o https://youtu.be/hmp9OvPzFdw?si=MB_zB73MbzXS3-nl
Definition of Entrepreneurship
Entrepreneurs share several common traits that enable them to succeed. Below are key traits
with Philippine examples:
1. Innovative
o Entrepreneurs think creatively to solve problems or meet needs in new ways.
o Philippine Example:
Rey Bufi of The Storytelling Project used storytelling as an educational tool in
remote areas to improve literacy among children.
2. Risk-Taker
o They embrace uncertainty and are willing to take calculated risks to achieve
their goals.
o Philippine Example:
Socorro Ramos, founder of National Book Store, started the business during
World War II and rebuilt it after losses to establish the leading bookstore chain
in the Philippines.
3. Visionary
o Entrepreneurs can foresee potential opportunities others may miss.
o Philippine Example:
Tony Tan Caktiong, the founder of Jollibee, saw an opportunity to create a
fast-food chain catering to Filipino tastes, growing it into a global brand.
4. Persistent
o Success rarely comes easy, so entrepreneurs persevere through challenges and
failures.
o Philippine Example:
Aisa Mijeno, co-founder of SALT (Sustainable Alternative Lighting), faced
technical and funding challenges but persisted in developing a lamp powered
by saltwater to address energy needs in remote areas.
5. Problem-Solver
o Entrepreneurs identify problems and develop practical solutions.
o Philippine Example:
Illac Diaz, founder of Liter of Light, created eco-friendly solar lamps from
recycled plastic bottles, providing light to underserved communities.
Types of Entrepreneurs
1. Economic Growth: Small and medium enterprises (SMEs) account for over 99% of
businesses in the country, significantly contributing to the economy.
2. Job Creation: Entrepreneurs generate employment opportunities across industries.
3. Social Change: Social entrepreneurs address pressing issues such as poverty,
education, and environmental degradation.
4. Empowerment: Entrepreneurship enables Filipinos, including marginalized groups,
to achieve financial independence and uplift communities.
Background:
Jollibee, a Filipino fast-food giant, was founded by Tony Tan Caktiong in 1978. Originally a
small ice cream parlor, the business transitioned into a fast-food chain serving Filipino-
flavored meals like Chickenjoy and Jolly Spaghetti. Today, it has expanded globally, with
thousands of branches in multiple countries.
1. Visionary
o Tony Tan Caktiong saw a gap in the fast-food market for Filipino-style
cuisine. While Western fast-food chains dominated, Jollibee tailored its menu
to local tastes, creating an emotional connection with Filipinos.
o Example: Introduction of the sweet-style Jolly Spaghetti, a uniquely Filipino
twist on pasta.
2. Innovative
o Jollibee adapted Western fast-food concepts but infused them with Filipino
culture and preferences.
o Example: Developing iconic menu items such as Chickenjoy and Halo-Halo
Sundae.
3. Risk-Taker
o Transitioning from an ice cream parlor to a fast-food chain involved
significant risk. Tony Tan Caktiong invested in research, rebranding, and
expansion despite strong competition from global brands like McDonald’s.
4. Persistent
oJollibee faced early challenges, including competition and financial
constraints. However, Tony Tan Caktiong persisted by innovating and
focusing on customer satisfaction.
5. Customer-Centric
o By listening to customer preferences, Jollibee created a brand that resonated
deeply with Filipino values of family and joy.
o Example: Jollibee’s marketing campaigns often highlight family bonding,
making the brand culturally relevant.
Background:
Gawad Kalinga (GK), founded by Tony Meloto, is a Philippine-based movement aiming to
eradicate poverty by building empowered communities. GK provides affordable housing,
education, and livelihood programs, transforming the lives of thousands of underprivileged
Filipinos.
1. Socially Responsible
o Tony Meloto's primary goal was not profit but the empowerment of
communities and the eradication of poverty.
o Example: Constructing sustainable homes for impoverished families and
promoting livelihood projects to ensure long-term community growth.
2. Innovative
o GK created a unique model of partnership, combining resources from private
corporations, local government, and volunteers to fund projects.
o Example: The GK Enchanted Farm, which serves as an incubator for social
enterprises and a sustainable community.
3. Collaborative
o Gawad Kalinga thrives on partnerships with various stakeholders, including
schools, NGOs, and corporations.
o Example: Partnerships with organizations like Shell and San Miguel
Corporation to build housing projects and provide livelihood training.
4. Resilient
o GK faced skepticism and resource limitations in its early years. Tony Meloto
persevered, inspiring trust and dedication from his team and partners.
o Example: Sustained expansion despite funding challenges and scaling the
model across the Philippines.
5. Visionary
o Tony Meloto envisioned a Philippines without slums and took actionable steps
to achieve this by empowering communities to take responsibility for their
transformation.
o Example: GK's "Building Communities to End Poverty" campaign.
Key Takeaways
Both Jollibee and Gawad Kalinga showcase that success in entrepreneurship—whether
business-oriented or socially driven—requires:
Objective:
Instructions:
Class Presentations:
1. Presentation Format:
o Each group will present their idea, explaining the target audience, problem
solved, and proposed solution.
2. Q&A Session:
o After each presentation, classmates and the instructor can ask questions or
provide constructive feedback.
3. Vote and Discussion:
o As a class, vote on the most feasible, impactful, or innovative idea.
o Discuss how the winning idea could be implemented in the local community.
Outcome: