5 Commercial and Social Entrepreneurship

Vocabulary flashcards covering key terms, definitions, and notable figures from the video notes on commercial and social entrepreneurship, including characteristics, differences, and examples.

Commercial entrepreneurship

Starting and running a business with the primary goal of generating profit; motivated by money; willing to take risks.

Social entrepreneurship

Starting and running a business with the primary goal of solving a social or environmental problem; motivated by making a positive impact.

Opportunity-driven

A characteristic of commercial entrepreneurs who seek new ways to make money and grow their business.

Risk-taker

A commercial entrepreneur willing to take calculated risks to achieve goals.

Innovative

A commercial entrepreneur who continuously seeks new ways to improve products and processes.

Persistent

A commercial entrepreneur who does not give up easily despite challenges.

Resourceful

A commercial entrepreneur who finds creative solutions to problems.

Mission-driven

A social entrepreneur who is passionate about solving a specific social or environmental problem.

Collaborative

A social entrepreneur who is willing to work with others to achieve goals.

Social impact

The positive social or environmental effects produced by a social enterprise.

Profit metrics

Financial measures such as revenue and profit used to gauge a commercial venture's success.

Revenue

Income generated from business activities before expenses.

Profit

Financial gain after all expenses are paid; a key goal for commercial ventures.

Business model (profit-focused)

A plan designed to generate financial profit.

Business model (impact-focused)

A plan designed to achieve social or environmental goals.

Mentor

An experienced advisor who provides guidance to entrepreneurs.

Incubator

A program or organization that supports startups with resources and mentorship.

Famous Filipino commercial entrepreneur: Henry Sy

Founder of SM Investments; dubbed 'father of modern Philippine retail'.

Famous Filipino commercial entrepreneur: Tony Tan Caktiong

Founder and chairman of Jollibee Foods Corporation.

Famous Filipino entrepreneur: Socorro Ramos

Co-founder of National Book Store; noted for risk-taking and market vision.

Famous Filipino entrepreneur: John Gokongwei Jr.

Founder of JG Summit Holdings and Universal Robina; major conglomerate founder.

Famous Filipino entrepreneur: Edgar 'Injap' Sia II

Founder of Mang Inasal; chairman of DoubleDragon.

Famous Filipino entrepreneur: Mariano Que

Founder of Mercury Drug; notable Filipino pharmacist-entrepreneur.

Famous Filipino entrepreneur: Cresida Tueres (Cressy)

Behind Greenwich Pizza; influential in Philippine food entrepreneurship.

Famous Filipino entrepreneur: Alfredo M. Yao

Founder of Zest-O; known as the 'Juice King' of the Philippines.

Famous Filipino entrepreneur: Gregorio G. Sanchez Jr.

Founder of LactoPAFI dairy; built a major dairy enterprise.

Social enterprise example: Phinix (Pamela Nicole Mejia)

Social venture transforming textile waste into value products with community partners.

Social enterprise example: GK Enchanted Farm (Shanonraj Khadka)

Incubation hub turning barren land into productive farm and social-enterprise training space.

Social enterprise example: Rags2Riches (Reese Fernandez-Ruiz)

Upcycles scrap fabrics into fashion; supports communities through Things That Matter.

Messy Bessy (Krie Reyes-Lopez)

Eco-friendly cleaning brand that employs at-risk youth via the House Foundation.