TLE Lesson 1: Entrepreneurship and Computer Business

Flashcards covering the definition of entrepreneurship, notable Filipino entrepreneurs, entrepreneurial competencies, and the pros and cons of starting a computer business.

What is Entrepreneurship?

The act of creating and organizing business through developing and innovating products and services to gain profit.

Who is an Entrepreneur?

An innovator who starts and runs a business, managing and organizing it; knowledge and skills are essential, but attitude is more important.

Who is the founder of SM Malls that established Shoe Mart in a small Manila shoe store in $1958$?

Henry Tan Chi Sieng Sy Sr.

At what age did Henry Tan Chi Sieng Sy Sr. move from Fujian to the Philippines?

$$12$$

Who is the founder and chairman of Jollibee Foods Corporation and co-chairman of DoubleDragon Properties?

Tony Tan Caktiong

What was the estimated net worth of Tony Tan Caktiong in $2023$ according to Forbes?

$$US\$3.2\,billion$$

Who is the co-founder of National Book Store?

Maria Socorro Cancio Ramos

Which conglomerate company was headed by John Robinson Lim Gokongwei Jr.?

JG Summit Holdings, Inc.

What are some businesses under the panoply of JG Summit Holdings, Inc.?

Cebu Pacific, Robinsons Malls, Universal Robina, Mini Stop, and Summit Media.

What is the definition of 'Use of Influence Strategies'?

The ability to plan and establish influence among customers using techniques to shape perceptions, attitudes, and behaviors.

How is 'Self-Confidence' defined in entrepreneurship?

The ability to express his or her own abilities.

What is 'Persuasion' in the context of business skills?

The characteristic of effortlessly influencing others to achieve goals and objectives, allowing businesses to attract new clients.

What is 'Assertiveness'?

Showing social and communication skills in a calm way without being aggressive.

What purpose does 'Problem Solving' serve for organizations?

It allows organizations to identify and rectify issues before they escalate into more significant problems.

What is 'Systematic Planning'?

A process based on the scientific method and objectivity that relies on logical, step-by-step processes rather than spontaneity.

What are the four steps illustrated in the Systematic Planning cycle?

Step $1$: Plan, Step $2$: Do, Step $3$: Check, and Step $4$: Act.

What does 'High Quality of Work' signify?

The value of work including task completion and deliverables, consistently meeting or exceeding customer expectations.

What is 'Persistence'?

The relentless drive to pursue goals, adapt to challenges, and maintain focus despite obstacles or rejections.

What is 'Efficiency Orientation'?

The mindset of saving time, money, and energy while growing your business by finding ways to do things faster.

What is 'Initiative'?

The ability to work independently with self-motivation and the power to take charge to plan a program to solve a problem.

What are the advantages of starting a Computer Business?

It can be home-based with Internet access, you set your own schedule/hours, and there is high demand for tech-savvy people.

What are the disadvantages of starting a Computer Business?

Stiffer competition, expensive equipment/software, requirement for patience with clients struggling in technology, and the need to cope with new tech innovations.