2019-00060-MN-0 Entrepreneurship

Flojo, Jorge A. Prof. Sandra Marcos

STEM 12-3
ASSIGNMENT
1. In Chapter 1 section 1.1 and 1.2 define the cited vocabulary. Also, the Tech Vocabulary
in the Entrepreneurs and Technology topic.

Chapter 1 Section 1.1 Vocabulary

• Apprenticeship – It is also related to internship at some point. In some

apprenticeships, a technical or trade skill is taught, such as carpentry or plumbing.
Internships and apprenticeships are usually short-term programs that can last from
a few weeks to a year. During this time, an apprentice may or may not be paid.
Even so, the experience gained is helpful for either an employee or an
entrepreneur.
• Business – It is an organization that provides products or services, usually to
make money. An example is SM Malls, they sell variety of products, foods,
furniture, and other services.
• Employee – It is the person who works in a business owned by someone else.
For example, in SM Malls, the employees are managers, cashier person, sales
lady or salesman, food cashier person, accountant, and other positions in that
business are considered employees.
• Entrepreneur – It is a person who creates and runs a business. For instance,
Henry Sy is one of the richest and famous entrepreneurs in the country. He started
and created the SM business. Starting from Shoe Mart until it becomes a big
successful business.
• Entrepreneurial – It is a mindset that defined as to think or act like an
entrepreneur. It can be an attitude for everyone because you will balance and run
your own life with your own money. You may create business, apply to any jobs,
and make a salary with your own effort.
 • Entrepreneurship – It is the process of being an entrepreneur, is more than just
learning how to run a business. It can affect the economy, your community, and
ultimately the world in which we live.
• Green Company – A type of business practice that aims to protect or improve the
environment. It is also a contemporary trend that adopts to new ways that are
friendly to the environment. For instance, Excellent Packaging & Supply distributes
products made from “green” resources. In the Philippines, some business recycled
some trash into decorative, ornaments, and eco-friendly items.
• Internship – It is a work programs that provide practical, on-the-job training in a
business setting. It can also serve as practice on what business you would like to
apply or try by investigating to gain a sense in business.

Chapter 1 Section 1.2 Vocabulary

• Aptitude – It is a natural ability to do a particular type of work or activity well.

Aptitudes can sometimes be developed through hard work. For example, you may
find math very easy, or you may naturally be good at sports.
• Attitude – It is a way of viewing or thinking about something that affects how you
feel about it. Most entrepreneurs tend to be people with positive attitudes. Instead
of seeing a situation as a problem, they look at it as an opportunity. This helps
them find solutions more easily than people who think negatively.
• Intrapreneurship – It is a type of practice where employees are giving
opportunities to be creative and try out new ideas, almost like being an
entrepreneur within the company.
• Mentor – Mentor/s are people who have an experience on a specific field, for
example is entrepreneurship. They volunteer to share their knowledge and will
provide free guidance, tutoring, and suggestions for achieving your goals.
• Self-assessment – also called evaluating your strengths and weaknesses, is an
important part of becoming an entrepreneur. Self – assessment helps you to
maximize your strong points and strengthen your weaker ones. The key thing to
remember is that everybody has strengths and weaknesses. It can be also helpful
when planning yourself to make a business and be a competent in any jobs.
 • Skill – It is an ability that comes from learning and practice. For example, you did
not know how to tie a shoe when you were born. At some point, skill is learned
through practice and the help of adults. This applies also if you want to improve
more of your talents and improving your strengths and explore some knowledge
to acquire a new skill that can help you in the future.
• Vision – A vision is a “picture” of what you want the future to be. It can also be
defined as your goals that you want to accomplish in life. You want things to make
happen in your business as an entrepreneur, for example.

Tech Vocabulary

• HTML – it stands for Hypertext Markup Language. Web pages are created by
using the HTML computer language.
• Internet – a global system of interconnected networks. It can also be defined as a
network of networks and includes all the hardware and software that allows
computers on the network to be connected.
• Link – It is one way to surf the Web or go to a certain website or web page. Links
are usually a different color from other text or underlined.
• Server – Servers are computers that contain all the information you see on the
Website, including Web pages, other documents, videos, graphics, and sound
files. The server is also
• Web browser – It is a software that enables you to navigate the Web. It is located
on your computer and works together with the Website’s server to produce an
image of a Web page on your computer.
• Web page – One of the documents that is included in the World Wide Web i.e.
pictures, text, videos, and other elements.
• Web surfing – It is a process of visiting one Website after another. By surfing the
Web, you can click some links in a Website and will take you to the main page of
the Web page or Web site.
• Web site – It is a collection of Web pages. You can visit a Website and buy
products, find information, or meet people, for example. You can also find some
website that interests you or that helps you with your work as another example.
 • World Wide Web – The most important element of the Internet and a lot of people
that often think of is the World Wide Web or WWW. This is defined as a huge set
of documents that are linked together.

2. Based on the cited Personal Characteristics in Section 1.2, do you consider yourself of
becoming an entrepreneur in the future? Which personality traits do you have to help you
of becoming not just an entrepreneur but a successful entrepreneur? Discuss fully.

• Yes, I consider myself of becoming an entrepreneur in the future because I want

to make an extra salary our of it using my investments and the business is also in
demand in the future. This can help me to fulfill my necessities and help other
people to have jobs. This can also affect in the community of the outcome of the
business is good or not good.
• To become a successful entrepreneur is to make yourself positive about it. You
must make the best out of it if you want to succeed in this line of business. To
make this a reality, one of the important traits that can help you to achieve is to
become determined in your business. Me as a student, although many homework
and activities are assigned to each subject, I wanted things to go easy and
accordingly to my schedule. Hence, I finished all the assignments as soon as
possible with quality depending on the time given so that I can take the extra time
to rest and do the other activities. The same thing with courage and discipline, you
will do anything to make it possible and true regarding your business. You will need
to discipline yourself with the time and courage to do so from your passion.

Aside from doing the things accordingly to my plan, I strongly recommend imposing
empathy with my co-workers or employees because not everybody have the same
situation in life. If they need someone to talk to, everyone is available to talk and
help with the situation. Same thing with business like talking to each other for the
better idea or creative idea. Enthusiastic approach is one of my observable traits
to me according to my family. If I want to know something or want to find something
that interests me so much, I make this as an opportunity to seek that information
and be satisfied in finding the answer. It can be related to research and finding a
 specific data to help me with the problem. That applied also to business, If I want
my business to reach to its greater heights, I want to apply the best approach to it
by finding some techniques and methods.

And lastly, I find myself flexible in many situations and responsible person all the
time. When I had given a problem in other fields and situations. I look mostly to the
nature of that area or field. One thing I observe is the location of the problem. If
you know where the question is then there is an answer. Flexibility can also apply
to business; it can refer to alternative process and methods that can focus on
solving the other problem differently and methodologically. Responsibility is the
most important to me as a student and in life. The moment we are born in this
world, we have a responsibility, first in ourselves, then the other people, for our
country and to God. To become a successful entrepreneur, it is the people that
surrounds you, help you, yourself and the attitude that can take you to the greater
heights. Apply the positive characteristics that you have and choose for what its
best.

3. Write your own assessment on Chapter 1 discussions. Briefly discuss.

In making our best decisions in life, first we must think for the greater good of that
idea or need to balance because not all decisions are with good impact. Some decisions
have side effects, like consequences or risks. All these decisions affect not just only the
persons involve but the community where it belongs. This applies to entrepreneurship,
making a person to become an entrepreneur and make the business the best out of it
with co-workers or employees that are very responsible and willing to do all the tasks
given by the entrepreneur. The entrepreneur will handle all the rules and the executive
officer in his/her own business. Aside from making the system in your business, you must
open for increasing the potential of your own talents as well as your employees. It is also
good when letting your co-workers to act like an entrepreneur so that everyone can
assess the whole point of business and taking responsibility for their actions and
decisions.
 Most businesses start from small business before it becomes a big enterprise that
helps other people to have jobs and fulfill their necessities. Having a positive
characteristic or trait help most entrepreneurs to achieve the success of their business.
Having the positive people around you can also affect your business in reaching the
greater heights. The skills that you have can be an asset to your business and also the
skills that the employees have will be an important key in reaching the success of your
business. Of course, when creating a business that you want or that satisfy your interests
and other people, there are certain advantages and disadvantages you must consider
before you finalize your business plan. Is it helpful and good for the community? or Is it
bad and will not make more money to continue the business? You must consider every
choices and balance for what it is best. Flexible to all situations and determined in making
the right choices although there may be a consequence.

These are ways on how to create business these days due to the contemporary
trend and the purpose of the business. Some of them are aimed to develop technologies
to help other people by means of communication, assistance, and work-related problems.
Others adapt the practice of green company that aims to help the environment and natural
resources. But now in the modern era, most entrepreneurs use the social media to
increase the sales and range of the business especially in the pandemic situation
because not all people are allowed to go outside due to health reasons and risks of getting
the virus. People are now finding ways on how to create, maintain, and improve the
businesses by use of resourceful procedures and methods that help other communities
to get the best service and products and also the role to its community. Picture what you
want to achieve and life, to have a goal, a dream that you want in your business. A vision
that can become your motto by upholding the good moral, responsibility, and the greater
good for the people.