TLE - PECS

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21 Terms

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virtuous

this means being honest and having strong and consistent values

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self-disciplined

this is the capacity of entrepreneurs to manage their emotions properly, regardless of the situation.

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professional

this means entrepreneurs must be hardworking and punctual without shortchanging the quality of their products and services

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competitive

is crucial in attaining the entrepreneur’s goals and business objectives. This is sometimes used in outsmarting other businesses with similar goals and objectives. in the business world'; this is called survival of the fittest

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hardworking

this requires extra efforts, energy, time, and resources by the entrepreneur to accomplish a target task or project without sacrificing the quality of the product or service

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self-confident

this means believing in one’s self and his/her capabilities to achieve set goals and objectives

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foresighted

entrepreneurs create business and jobs for the future of their children, the country and themselves.

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goal-oriented

entrepreneurs who are good in setting realistic targets are likely to succeed in their business ventures.

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profit-oriented

entrepreneurs should know how to manage their profit so that their business may continue to prosper and expand for their own benefit and for the welfare of the workers

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adaptable

entrepreneurs also experience failures and uncertainties

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self-employed

these are entrepreneurs who establish their own business, do all the work, and keep the profit by themselves.

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opportunists

opportunistic entrepreneurs look for opportunities and capitalize on them for their personal benefit

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acquirers

these entrepreneurs are good in taking over a business enterprise that has been operating for quite some time but about to close due to financial constrains or mismanagement

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speculators

these individuals buy a product and resell it for a higher price to gain more profit

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franchisees

these entrepreneurs start an enterprise for which a widely known product brand has already been established.

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innovating

this deals with the creation and promotion of new products, introduction of new technology and strategies, among others in business field

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organizing

this refers to coordination, assembly, and supervision of all the necessary elements of production

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entrepreneurs

these are individuals who venture into business or enterprise

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undertaking effective planning

this is a process that involves undertaking varied activities that are vital in putting up an enterprise or business

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managing

this includes giving proper instructions to personnel, direction on machine operations, and utilization of other resources

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making wise decisions

to minimize the risks that may occur during the implementation of the different phases of a business, successful entrepreneurs should make wise devisions