Menu Content/Inhalt
Filipino Business (Philippines) arrow Main Topics - Categories arrow Entrepreneurship arrow How do you determine Who are Pinoy Entrepreneurs?

Sponsored Links

Poll for Pinoys

Cutting spending on Christmas shopping?
 

Get Group Badge


How do you determine Who are Pinoy Entrepreneurs? Print E-mail
 
There are problems with this title. First, it might be interpreted to refer to a particular person. While we have a category on (and some lists of) successful and inspiring Pinoy Entrepreneurs, the thrust of this article is not to identify any particular Pinoy Entrepreneur, but to characterize an entrepreneur. Having a characterization would make it much easier to identify specific Pinoy Entrepreneurs.
 
 Second, and more importantly, there is no generally-accepted definition of an entrepreneur. While the concept of entrepreneurship, as distinguished from business, has gained popularity in the Philippines in recent years, the agreement seems to be on the existence of disagreement as to its meaning. We now have various awards for entrepreneurs, but we may not have an idea how an entrepreneur is distinguished from the rest of the pack. We need to know how to pick out a Pinoy Entrepreneur because, among other reasons, this is a site for Pinoy Entrepeneurs.
 
Pinoy EntrepreneursSome schools of thought focus on the personal traits of an entrepreneur, while others on the behavior and acts. Some theories say that these traits are inborn and others say the entrepreneurial spirit is developed (majority of those who answered the poll agree that entrepreneurs are made). Entrepreneurs, to some, are those engaged in small and new businesses, while others say entrepreneurs are just as present in big, established businesses. Some say an entrepreneur creates something of value where there was nothing before, while others say that the entrepreneur also endows existing resources with enhanced potential for creating wealth.

The subject grew more complex as we read more about it. A certain theory on entrepreneurship may be more persuasive than another. Each one of us may have an existing idea on what an entrepreneur is. My wife, for instance, answered me that the entrepreneur is one who identifies and maximizes an opportunity. Fair enough, I said, and out of fear for my dear life, I restrained myself from saying that her answer merely scratches the surface of this concept.

We've come up with an initial working draft on this topic. But before we post the article on who are Pinoy Entrepreneurs, let’s first hear your inputs and thoughts on what is an entrepreneur. Please use the comment section below. A healthy discussion would be of great help to everyone. Thank you.
Published in : Topics, Entrepreneurship

Users' Comments (6)
Posted by Armi Dorado, on 06-08-2008,
a Pinoy entrepreneur carries the Filipino values of nagaling makisama, risk taker, innovative/creative and others. The values that were inculcated in our culture has both positive and negative aspects but it all depends on the entrepreneur on how will handle these cultural and familial values. What is important in being an entrepreneur is the readiness to accept challenges, doesn't focus on easy money, creative and most especially an entrepreneur helps other Filipinos to be employed and becomes one of the backbones of the economy
 

Posted by Fred, on 03-08-2008,
Incidentally, it’s interesting that Peter Ducker was cited by Kim and Mauborgne in their book "Blue Ocean Strategy", in relation to “value innovation” -- the “cornerstone of blue ocean strategy”. According to Drucker, “the very foundation of entrepreneurship is the practice of systematic innovation.” This is one of the matters discussed in the draft.
 

Posted by Fred, on 03-08-2008,
Luvin, Brainleak, Pinoy, thank you for your thoughts. For the purpose of extending the discussion, allow me to request some clarifications. It seems that we could view an entrepreneur as someone from whose "initiative" (as brainleak stated) the business started, which may be consistent with Luvin's statement that the "initial stages of a business is always about entrepreneurship." However, when we speak of "innovation" (both Pinoy and Luvin) in keeping the entrepreneurial character, it would suggest that not all start-ups deal with innovation (so, not entrepreneurial), just like a franchisee.
 

Posted by Luvin Candari, on 01-08-2008,
Every entrepreneur is a businessman, but not all businessmen are entrepreneurs. The initial stages of a business is always about entrepreneurship. But at a certain stage, when the climate is stable, when the milking cow is defined and it is simply being defended, and the existence of the company depends on that milking cow, it ceases to be entrepreneurial. 
 
When it once again journeys into the blue ocean, developed new market, innovates to add value to a new product, invite more investor, or gather more funds, then the business once again regains its entrepreneurial character.
 

Posted by Brainleak, on 01-08-2008,
In my opinion, a 'Pinoy entrepreneur' is someone who engages in the business of selling (goods or services) and have done so with his initiative and resources.  
It doesn't matter how large or small the initial capital had been or whether it had been saved, borrowed, loaned or inherited. As long as he is the main driving force in creating the business, group or company then he is, in MY book, a real Pinoy entrepreneur. 
Ergo, I believe someone who is NOT a Pinoy entrepreneur is the one who just inherited/claimed the reins of an existing family enterprise.
 

More comments...

Add your comment

 

Related posts:

Newer posts:

Older posts:

< Prev   Next >