Report

IMPORTANCE OF ENTREPRENEURSHIP

Small Enterprises
- are leading in the generation of jobs and wealth. It created 335 million jobs at a time when traditional big business and the government had lost 5 million jobs in 1970's and early 1980's.

The entrepreneurial economy had been the most important development in American Economy.

Prof. Peter Drucker
America's Management Specialist

CONTRIBUTIONS OF ENTREPRENEURS

1. DEVELOP NEW MARKETS
Entrepreneurs are resourceful and creative. Markets are people who are willing and able to satisfy their needs.
2. Discover New Sources of Materials Entrepreneurs are never satisfied with traditional or existing sources of materials. They persist on discovering new sources of materials to improve their enterprises.
3. Mobilize Capital Resources Entrepreneurs are he organizers and coordinators of the major factors of production, such as land, labor and capital.
4. Introduce New Technologies, New Industries and New Products Entrepreneurs are innovator, reasonable risk takers and take advantage of business opportunities, and transform these into profits.
5. Create Employment The biggest employer is the private business sector.

PARTICIPATION OF WOMEN
Human Resources are the most important productive resources.
Women constitute a big portion of the total population. Their exclusion from productive enterprises is a great economic loss.


The presence of one small factory in every village heralds the coming of prosperity.
Schumacher
Small Is Beautiful

FILIPINO ENTREPRENEURIAL ECONOMY

One of the top programs of the government is the development and promotion of Filipino entrepreneurship.

We need economic nationalism to attain real economic growth.
Claro M. Recto
Father of Modern Filipino Nationalism

Economic Nationalism
The control of the economic resources of the country by its own people, and their use of such resources for their own benefit and enjoyment.