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The Filipino Entrepreneur

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by

Janelle Francisco

on 25 July 2013

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Transcript of The Filipino Entrepreneur

Strengths
of Filipino
Entrepreneur

Weaknesses of
Filipino Entrepreneur
Observed Characteristics
of the Filipino Entrepreneur

Good Human Relations and
concern for other People (Hospitable)
Sincere
(katapatan)
Cooperative in Spirit (Bayanihan)
Show Concern how to Adjust or Adapt to People (Pakikibagay)
Willingness to go another Mile (Pasencya)
Endurance
Very Strong Hearted (Malakas ang Loob)
Flexibility, Adaptability and Creativity
Hardworking and Persistent
Self-discipline
Achievement Orientedness
Filipino entrepreneurs are open to feel for others. Regards others with dignity and respect.
Demonstrates ability to emphatize with others in helpfullness and generosity in times of need.
Posses sensitivity to people's feeling (pakikiramdam) and sense of gratitude (utang na loob).
Filipinos are very sensitive to the quality of interpersonal relationships and very dependent on them.
Results to camaraderie and feeling of closeness to one another which helps promotes unity and sense of social justice.
Filipinos have the capacity for hardwork given proper conditions
The desire to raise one's standard of living, to possess essentials of a decent life for one's family, combined with the right opportunities and incentives, stimulate the Filipino to work very hard..
Filipinos have the ability to survive which is manifested in our capacity for endurance despite difficult times, and in our ability to get on so little.
Profit Oriented
Prefers not to sell their products than sell at lower price.
Filipino entrepreneur have been taught that the pursuit of market-share is a direct route to business success.
Mañana habit or
Come what May
(Bahala na! )
A Filipino trait that resigns a person to luck as he believes the end-result depends ultimately on fate.
Habit for pleasure and leisure
The tendency to spend much money and sometimes forget that they have business
Crab Mentality
The habit to pulling down a competitor if they notice that he had surpassed
them
"Counting chicks before they are hatched"
Filipinos have the tendency to overdo the positive traits so that they turn negative. Just as they see things positively, they show so much confidence and take things for granted.
Filipino Values and Their Effects on Enterpreneurship
"Makatao" o "Pakikipagkapwa-tao" or Attention to People's Concern"
This value can be singled out as "the balancing factor of a Filipino Entrepreneuer which makes this style not just task or goal oriented but people oriented as well".

Filipinos who benefit from fruits of the entrepreneur will give him back his share.

Customers pay, competitors play fair, and workers demonstrate "malasakit" over the business.
"Malakas ang Loob" or Strong Hearted
By nature, Filipinos are not timid not fearful. Undertakes projects which should perhaps frighten if he is less courageous to take the risks involved. Many pursue plans even if not sure of future developments or events that may affect their accomplishment.
"Pakikipagsapalaran" or "Risk Takers"
The saying "A coward runs away from the fight even before he is wounded", shows that we as people do not consider it honorable to surrender before an uncertainty or challenge. In many situations, specifically in the field of making a living, Filipino confidence justifies. Filipinos are very quick to adjust to new and strange situations
"Gaya-Gaya" or Imitations
Filipinos inclination to learn and adjust to new ways of doing things may be seen as a talent of a Filipino. As one matures in an entrepreneurial career, one really needs to be creative and innovative to make one's products and services more satisfying to customers. For those who are only starting a business doing "gaya-gaya" of other products do contribute to the training and preparation of many Filipinos for an entrepreneurial career.
"Utang na Loob" or "Bayanihan"
Aside from the family, there are others who can give much needed support such as the Ninong and Ninong, Kababayan, Kumpare, Kaeskwela, Katokayo and others who are willing to assists simply from goodwill, in return for some past utang na loob or the expectation of some future in turn for assistance. In business, this may seem that we can expect from us. If they do this on credit they have to pay because of loss of face or compassion, to sell us supplies on sonsignment, or to give necessary consultancy services to us when we are in trouble.
"Kasipagan" or Hardwork and Industry
Filipinos are naturally hardworking, a value that is
essential to an entrepreneur.
"Pagtitiis" or Persevering
Filipinos are considered as persistent, persevering people and do not easily give-up in the face of difficulty.
"Pagtitipid" or Thrift
Assign a high value on thriftiness. It is hard to unwisely spend your hard-earned money. Individuals who save eventually have enough to set their own form; and as entrepreneurs, they do not drastically spend on things that do not pay back in terms of profit.
"Katapatan" or Sincerity
Philippines is considered to as the largest Christian nation in Asia. There is heritage for strong religiosity which demands for honesty in dealing with others. The trait is very useful in business because exploitative ways are always self-defeating in the long run.
Turning Negative Filipino Practices, Attitudes and Values into Valuable Assets
The vigorous pursuit of market share and rise in consumer power have driven profit from most businesses and industries and now is the time for sophisticated entrepreneurs to shift ideology towards value creation and growth.

This can be achieved by identifying highly innovative and effective ways of creating profitability through developing profit model business designs; and ability to create sustainable performance across business cycles.
"Bahala na" or Leaving it to
God Values
Faith and Religiosity
Filipinos innate religiosity enables us to comprehend and genuinely accept reality in the context of God's will and plan.

The faith of the Filipino is related to "bahala na", which , instead of being viewed as defeatist resignation, may be considered positively as a reservior of psychic energy, an important psychological support on which we can lean during difficult times.

Filipino's faith results to courage, dare, optimism, inner peace, as well as the capacity to genuinely accept tragedy and death.

Therefore as every Filipinos say, "Bahala na", the decision is only left to God "After He does his Best with what He Has".
Colonial Mentality
A Sense of Patriotism
and National Pride
A genuine love, appreciation and commitment to the Philippines and things Filipino.

Supporting the "Buy Filipino" movement and promote "Sariling Atin" by encouraging every Filipino to wear and use Filipino clothes and products which results to development of Trade and Industry.
Crab Mentality
A sense of the
common good
Every Filipino will be able to look beyond selfish interests, a sense of justice and sense of outrage at its violation.

Support someone else’s dream or help them to reach their goal, you may just find that you have actually helped yourself to get closer to your own.
Manana Habit and
Lack of Discipline
Time Management
The opportunities are endless and only require an additional 30 minutes to an hour a day to master over time.
Profit Conscious
Value Conscious
`
The Filipino Entrepreneur
Filipino Entrepreneur
Great capacity to adjust and to adapt to circumstances and to the surrounding environment, both physical and social.

Possess tolerance for ambiguity that enables us to remain unfazed by uncertainty or lack of information.

Creative and resourceful, adept at learning and able to improvise and make use of whatever is at hand. Make new things out of scrap and make old machines running.

Ability to adapt life in any part of the world.

Creative talent manifested in the cultural sphere.
Filipinos has heritage for strong religiosity, which demands that we should be honest in our dealings with others.
Ability of Filipinos to adjust to the different characters of people and situations that makes him easily fit-in and become accepted resulting to trust and belongness.
Oppotunity seeking
Persistence
Committment to work contract
Demand for quality
Efficiency
Risk Taking
"Single-out balancing factor which makes a style not just a goal or task oriented but a people oriented as well"
The country’s richest man in 2008 with a net worth of $1.4 billion also owns the world’s sixth largest mall the SM Mall of Asia. He is also the owner of the country’s top banks – Banco de Oro and China Banking Corporation.
With a net worth amounting $680 million in 2008, one can only speculate how disciplined and goal-oriented this businessman is. His holdings stretch from financial services, petrochemicals, aviation (Cebu Pacific Air), telecommunications (Digital Communications Philippines), hog farming and food (Universal Robina Corporation), and real property (Robinson’s Land).
His is the classic story of a poor Tondo-boy-turned-millionaire through hard work and perseverance. With just P10,000 as capital and an unimaginable amount of willpower, he started a small trucking business which later blossomed into a large-scale real property asset.
It was in 1975 that Tony and his brothers started an ice cream parlor that later grew to be the country’s largest fastfood chain Jollibee.
Chairman of the Philippine Long Distance Telephone Company (PLDT), owner of ABC/TV5 network, Cignal Digital TV and Smart Communications.
Owns Asia Brewery, Tanduay Holdings, Fortune Tobacco, Philippine Airlines (PAL)
Dr. Vicky Belo, more popularly known as the "Ambassadress of Beauty" is the Medical Director of the Belo Medical Group.
Executive Chairman of the Board, Interim President and Chief Executive Officer
Ikanos Communications, Inc.
Sia founded the successful fast food chain eight years ago when he was 26. He holds the 40th spot on the list.

After becoming the third-largest fast-food chain in the country with 380 stores, Sia sold 70 percent of Mang Inasal's shares to Jollibee Food Corporation (JFC) for $68 million last year. This deal earned him a net worth of $85 million, solidifying his place in Forbes’ list. JFC, which controls the country's top two fast-food chains, Jollibee and Chowking, is owned by Forbes' "Philippines' 40 Richest" 11th placer Tony Tan Caktiong.
References:
Patricia Licuanan; Moral Recovery Program
www.oppapers.com/..
filipinoentrepreneur.wordpress.com/ -
THE END .

THANK YOU!
Full transcript