Why is concise communication important in interactions with clients, partners, peers, and prospects?
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To ensure clarity and effectiveness in communication.
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Why is concise communication important in interactions with clients, partners, peers, and prospects?
To ensure clarity and effectiveness in communication.
What is the Assumption of Risk?
The legal doctrine that a person may not recover for an injury or loss suffered as a result of a risk they willingly took.
What do companies rely on recruiters for?
To find people with people-savvy and in-depth business sense.
Who are the founders of Hen Lin?
Araceli and Jun Manas.
What are the benefits of growing a network in entrepreneurship?
Facilitating business opportunities, partnership deals, finding subcontractors or future employees, expanding PR horizons, and conveying the right message.
What are the two factors affecting entrepreneurship?
Personality Factors and Environmental Factors.
What is branding in the context of entrepreneurship?
Building a consistent personal and business brand tailored to the right audience.
What is mid-level management?
Mid-level management refers to the managers who are responsible for implementing the strategies and policies set by top-level management and overseeing the work of lower-level managers.
What are the four environmental factors relating to the conditions in which an entrepreneur has to work?
Economic conditions, social norms, technological advancements, and legal regulations.
What are entrepreneurial skills?
Skills required for identifying opportunities, taking calculated risks, and managing resources effectively.
What is a function of an entrepreneur that involves driving economic growth?
Catalyst of economic development.
How many stalls does Potato Corner have today?
More than 550 stalls in the Philippines and around the world.
What is the advantage of hydrogen fuel according to Noli Dazo?
It has around three times the power as standard diesel or petrol.
What are the key elements of time management?
Careful priority planning, defining milestones, execution, and iteration.
What is needed for solving a problem efficiently?
High performance.
What are the characteristics of Fabian entrepreneurs?
They are skeptical about changes and do not initiate inventions but follow after they are satisfied with its success rate.
What career opportunity is available for entrepreneurship graduates in the education sector?
Teaching the applied subject in Senior High School and teaching students entrepreneurial skills.
What is the role of a business consultant?
To go to a client site, identify problems, and fix them.
Why is determination important in entrepreneurship?
It is instrumental in building a business from scratch.
When was Potato Corner's food cart business started?
In 1992.
How does Noli Dazo's invention benefit drivers?
It would be beneficial to drivers who particularly operate jeepneys and tricycles.
What are the essential skills that an entrepreneur should possess?
Essential skills for an entrepreneur include leadership, creativity, adaptability, financial management, and networking.
What are social forces in society?
Elements resulting from human interactions that can influence thoughts, behavior, attitude, actions, beliefs, and customs of the people.
What are the characteristics of innovative entrepreneurs?
They have the ability to think newer, better, and more economical ideas of business organization and management.
What is the purpose of research and development?
To create new products, services, or improve existing ones.
Who can give at least one personality factor of an entrepreneur?
An entrepreneur should have a high tolerance for risk.
How do drone entrepreneurs approach business?
As die-hard conservatives even ready to suffer business losses.
What is the basis for directly practicing entrepreneurial traits in starting a new business or venture?
The graduate can apply their creativity, risk-taking, and innovation in creating and managing their own business.
What are the factors affecting entrepreneurship?
Various factors such as economic, social, cultural, and environmental factors can affect entrepreneurship.
What products did Hen Lin offer 30 years after its opening?
Hopia, noodles, congee, rice toppings, and breakfast food.
What skills did Joe Magsaysay possess that led to his involvement in Potato Corner?
His background and skills in store management.
What are social entrepreneurs?
Individuals who address social issues and create positive change in society through innovative solutions.
What does R&D stand for?
Research and Development.
What is strategic thinking?
Learning to decompose a problem to its core and reveal opportunities for growth.
What are economic forces in the context of entrepreneurship?
Factors primarily caused by changes or movements in the economy of a specific country.
What was the initial capital used to start Hen Lin?
P 30,000.00.
What additional skills did Angelo Casimiro incorporate into his inventions?
Filming, photography, and lighting.
What does eagerness to fight the same dragon every morning signify in entrepreneurship?
It signifies determination and resilience in facing challenges.
What job opportunities are available for entrepreneurship as a career?
Opportunities in business development, consulting, venture capital, and startup management.
What are the career opportunities for entrepreneurship graduates?
Career opportunities for entrepreneurship graduates include business owner, consultant, venture capitalist, business development manager, and social media manager.
What are some career opportunities for entrepreneurship graduates?
Mid-level management, management analyst, business consultant, sales, research and development, teacher, recruiter, business reporter.
What qualifications are important for working in Research and Development (R&D)?
Training and education on understanding business concepts, procedures, practices, and entrepreneurship.
Who can differentiate an Innovative Entrepreneur from an Imitating Entrepreneur?
Entrepreneurship experts and business analysts.
What career opportunities for entrepreneurship graduates allow direct practice of entrepreneurial traits?
Starting a new business or venture.
Who is Noli Dazo?
The inventor of 'Tubig na Gasoline' or 'Dazo Water Fuel Hydrogen'.
What do social entrepreneurs pursue?
Novel applications with the potential to solve community-based problems.
What is meant by 'refactoring' in the context of entrepreneurship?
Refactoring original business processes to improve and innovate.
Give an example of social entrepreneurship.
Educational programs, microfinance institutions, providing banking services in underserved areas, helping orphaned children, etc.
What are the functions of an entrepreneur?
Innovation, risk-taking, organization, management, and profit generation.
What role do innovative entrepreneurs play in the economic development of a country?
They are the business leaders and contributors to the economic development of a country.
What are drone entrepreneurs?
Individuals satisfied with existing business activity and not inclined to gain market leadership.
How can you practice time management?
By setting goals, prioritizing tasks, creating a schedule, avoiding multitasking, and delegating when necessary.
What is included in market situations?
Target market and competition.
What career opportunities are available for entrepreneurship graduates in the sales field?
They can work in sales or run the sales department of any businesses.
What is the concept of core competencies in entrepreneurship?
Distinctive capabilities that provide a competitive advantage in the practice of entrepreneurship.
What is a key characteristic of great entrepreneurs?
Curiosity.
What are some environmental factors that relate to entrepreneurship?
Political climate, legal system, economic and social conditions, market situations.
What is the role of a Management Analyst?
To analyze and evaluate operating procedures and make recommendations based on their findings.
What is the importance of finance management for a business?
It can make or break a business.
What is a key function of an entrepreneur related to creating new ideas or products?
Innovation.
What is an important aspect of sales strategy?
Finding the right sales channels that convert better and investing heavily in developing them.
What is one of the tasks of great entrepreneurs?
Discovering new problems and revealing potential niche opportunities.
What concept did Angelo Casimiro study in order to sell his idea?
Marketing.
How does Angelo Casimiro approach learning and applying knowledge?
He keeps on learning and tries to apply his newly gained knowledge into his projects.
Why is political stability important for economic activity?
Political stability is essential for smooth economic activity.
Why do imitating entrepreneurs imitate innovative entrepreneurs?
Because the environment in which they operate does not permit them to have creative and innovative ideas on their own.
What is the role of mid-level management in big companies?
To convert ideas into execution.
What is resilience in the context of entrepreneurship?
It involves handling rejections, stress, burnouts, lack of focus, and slow progress.
How do economic forces affect entrepreneurial ventures?
They have direct or indirect effects on the entrepreneurial venture.
What are entrepreneurship graduates trained to do?
Help identify things that others may not pick up and know how to fix them.
What skills are required for entrepreneurship graduates in the sales field?
They need to know how to represent a company, manage accounts, and follow up on leads.
What are the 5 types of entrepreneurs?
The 5 types of entrepreneurs are small business entrepreneurs, scalable startup entrepreneurs, large company entrepreneurs, social entrepreneurs, and lifestyle entrepreneurs.
What are the elements and bodies directly involved in the legislation and interpretation of laws affecting business?
Legal system.
What are imitating entrepreneurs?
People who follow the path shown by innovative entrepreneurs.
What is one of the functions of an entrepreneur related to taking chances?
Assumption of risk.
What does market situations refer to?
The state of the business environment within a country or industry.
Who is well suited for mid-level management roles in big companies?
Graduates with entrepreneurial degrees.
What is a function of an entrepreneur that involves improving and creating new products or services?
Development of management skills.
What did Noli Dazo invent?
A way to make a vehicle run using nothing but water.
What are the focus areas of social entrepreneurs?
Producing environment-friendly products, serving an underserved community, or focusing on philanthropic activities.
What are the different types of entrepreneurs?
What are the two factors affecting entrepreneurship?
Market conditions and government policies.
What are some of the personal factors considered as core competencies for an entrepreneur?
Initiative, Proactive, Persistent, Problem-Solver, Persuasion, Self-critical, Self-confidence, Planner, Risk-taker.
What did Angelo Casimiro invent?
Electricity-generating shoes.
What did Joe Magsaysay do before co-founding Potato Corner?
He worked as a manager handling five stores at a fast food chain.
Where was the first Hen Lin store opened?
SM Makati.
What is the main goal of a social entrepreneur?
To implement widespread improvements in society.
How does Dazo's innovation compare to gasoline or diesel?
It is more powerful and cleaner compared to gasoline or diesel.
What is a solid requirement for entrepreneurs in handling resources?
Carefully assessing investments compared to ROI.
Which skill among the 10 skills of an entrepreneur would you want to possess and develop?
Decision-making skill.
What can help in creating predictable revenue opportunities for growth?
Building sales funnels.
What are the functions of an entrepreneur?
Functions of an entrepreneur include innovation, risk-taking, organizing resources, and decision-making.
What is a crucial aspect of entrepreneurship related to discovering new problems and innovating?
Curiosity and the drive to innovate.