[ENTREP] (pt. 3) CH.1 | LESSON 1 - Entrepreneurship: Types of Enterprises according to CONCEPT

AN ENTERPRISE CAN INVOLVE A NEW CONCEPT

This usually means creating or stumbling on a new idea or concept, and creating or inventing something radically new.

Steve Jobs

Responsible for creating many of the features of early versions of computers and word processing software. (Ex. iPod, iPhone, iPad, iTunes).

Steve Jobs

He created a whole new industry for gadgets for music and boosted the music industry with his invention of the iPod and the downloading of music through iTunes.

Apple

The company Steve Jobs founded, saw its sales grow by leaps and bounds with these products

IPad

The need for a gadget that was in-between a computer and a

mobile phone. Era of tablet as a computing agent began

Steve Jobs

He had created a company for his inventions and through several decades, his radical innovations created new departments within his company that dealt with the creation, promotion, selling, and distribution of his successful products.

Jollibee

Created a new business based on the existing concept of selling hamburgers and chicken. It was originally an ice cream parlor.

“Langhap sarap”

• Jollibee Marketing Strategy

• Partnering it with Filipino values, produced a new business that beat the global giant in its own game

Mang Inasal

Grilled chicken, With this new concept, which started

in Visayas, took the country by storm

Edgar "Injap" Jaruda Sia II

Founder of Mang Inasal

Laundry Businesses

This had three branches in Metro Manila. The setting up of franchises or branches can be considered as example of this type of enterprise.

1. Micro-enterprises

2. Small enterprises

3. Medium enterprises

Types of Enterprises according to size (3)

Assets

Are properties owned by a person or company, which are regarded as having an economic value.

(Ex. Cash, Real Estate, Manufacturing Equipment, Vehicles)

Microenterprises

These are businesses with total assets of less than Php 3 million and employ less than 10 people.

(Ex. Sari-sari Store, Food Stalls, Watch repair stall).

Small Enterprises

These are businesses that have total assets between Php 3 million and Php 15 million pesos, and employ between 10 and 99 people.

(Ex. Small printing press, chain of laundry shop, travel agency)

Medium Enterprises

These are businesses that have total assets worth more than Php 15 million and employ 100 people and more.

(Ex. Food manufacturing corporation, Furniture manufacturing corporation, Large supermarket).

Republic Act. No. 11469, also known as The Bayanihan to Heal as One Act

is the PHP1.0bn Enterprise Rehabilitation Financing (ERF) facility under the Pondo sa Pagbabago at Pag-asenso initiative of the Department of Trade and Industry’s (DTI) Small Business Corp. (SB Corp.).

MSMEs (in 2009)

Majority of the business enterprises in the PH are

_____ that usually provide for the immediate needs

of the entrepreneurs and their families

MSMES in 2009

There are 780, 437 business enterprises operating in the Philippines. Of these, 99.6 % or 777,357 of them are micro, small, and medium enterprises while the remaining 0.4% or 3,080 are large enterprises