Huwebes, Hunyo 23, 2011

Assignment No. 6 (Local Entrepreneurs)

Ben Chan -The Man Behind "BENCH"-  



Ben Chan is a prominent Chinese-Filipino entreprenuer who is the founder of the Philippines' largest clothing chain, Bench, under the trademark Suyen Corporation. With his world class fashion style and hardworking ethic, he has expanded the Philippine clothing chain into international markets including China, the land of his forefathers. He is dubbed as one of the most prominent people in the country as mentioned in the Philippine Tatler's list of Who's Who of the Philippines.

From its humble beginnings, the t-shirt offerings expanded into a whole lifestyle store, offering Fix Salon for hair products and services, Prescribe(r) a stationery line, Bench Brats, a teenage line, Bench Body and Bath, specializing in bath and fragrance products, and now HerBench offering a complete women's line, including fragrances and cosmetics.
Management of the company is shared with his brother-in-law Virgilio Lim who develops systems and operations, while sister Nenita Lim handles finance. Ben devotes his energy to the creative side.

Bench Expansion
In 1994 Bench opened its first fashion store outside the Philipines in Al-Khobar, Saudi Arabia, soon followed by its first in Shanghai, China. A store soon followed the following year in Kuwait. In 1997 Bench pioneered the first underwear show in the Philippines. In 2002 the show would set a record by attracting 25,000 to its Underwear Show.
By 2007, on its 20th anniversary, Bench had established stores in Eaglerock, Los Angeles, Riyadh, Saudi Arabia, Bahrain, Guangzhou, Xian, and Dubai, on its road to global retailing. China remains its primary focus with more than 27 company stores and 19 franchises.
Recently Mr Chan has dabbled in philanthropy, establishing the Wear Your Conscience Projet with Photobook for the Sa Aklat Sisikat Foundation.

Henry Sy -Founder of SM- (The Richest Man in the Philippines) 



Henry Sy(Chinese: 施至成; pinyin: Shī Zhìchéng; born October 25, 1924) is a Chinese Filipino businessman and the founder of SM Group and chairman of SM Prime Holdings, the largest retailer and shopping mall operator in the Philippines. He earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950. Acknowledged as the country’s "Retail King," he has come a long way from the modest shoe store he set up in Quiapo in 1946, to become Asia's biggest shopping mall operator with over 30 malls throughout the Philippines.

He is the richest man, gaining 1.4 billion dollars in 2008, amid the global wealthiest individual in the Philippines, next to Lucio Tan and (as of 2008) 843rd in the world. As of September 2009 Mr.Sy's net worth was estimated at $3.8 billion by forbes Asia topping the Philippines rich list.[4] Sy is considered a Tai-Pan or tycoon of Asia. The Sy group is the operator of Banco de Oro Universal Bank and owner of China Banking Corporation. In 2006, he bought the remaining 66% of Equitable PCI Bank, the Philippines 3rd largest lender, in which he already had a 34% stake, and merged it with Banco de Oro Universal Bank in 2007. The merger created the Philippine's second largest financial institution in 2008 and taking the top spot in 2009 with resources of close to $20 billion dollars. A conspiracy tell that the Sy family has a personal stake of $4 billion in these 3 banks, although there are still no sufficient evidences that strongly substantiate such matter. Mr. Sy has recently sold his 11% stake in San Miguel Corporation, Southeast Asia's largest food and beverage conglomerate for $680 million.

Mariano Que -founder of Mercury Drug- 
-Mecury Drug's Logo-

-the FIRST Mercury Drug-

has always believed in the concept of total customer service. This can be summed up in its corporate philosophy: "To serve you, to have what you want, when you want it." It has been its commitment since it started.

It all began in 1945 just after the liberation of Manila. Mariano Que, realizing the need for medicines, started a very humble business venture with his hard earned P100. He bought a bottle of "Sulfathiazole" and street-peddled this in the sidewalk of Bambang, Sta. Cruz, Manila. From pushcart selling and with his previous working experience in a drugstore before the war, he eventually opened a drugstore on March 1, 1945. He named it after "Mercury", in Roman mythology the messenger of gods, the god of commerce and manual skill. Mercury’s winged feet symbolize speed and the caduceus he carries the medical profession. These qualities sum up Mercury Drug’s quest of delivering fresh and reliable medicines to the public through prompt service.

In 1945, Mercury Drug introduced a better way to make medicines more affordable to more Filipinos: "Tingi-tingi" or by piece method of selling. From then on it introduced many "firsts" in the Philippine drugstore: In 1948, its first motorized customer delivery service; In 1952, the 17-hour, 7 days a week drugstore service; In 1963, the country’s first self-service drugstore; In 1965, the 24-hour, 7 days a week service; In 1967, the first computerized temperature-controlled central warehouse: In 1969, the first drugstore chain to use biological refrigerators to preserve life-saving medicines: In 1976, the first drugstore chain to expand throughout Luzon, Visayas and Mindanao.

Upon the invitation of Ayala Corporation, Mercury Drug opened its second branch in May 1963 at a developing commercial center (now known as the Ayala Center) in Makati. This move opened the door to the establishment of the landmark branch in Quiapo, Manila in 1965 and the opening of more branches thus bringing Mercury Drug’s service closer to many Filipinos.

Today :

The company is considered as the leading drug store chain in the country with a network of more than 500 company-owned and franchised stores serving the public at the most convenient places in Metro Manila, Luzon, Visayas and Mindanao. It has a workforce of over 7,000 employees totally committed to professional excellence and dedicated service. It coordinates this vast network of stores at its head office in Bagumbayan, Quezon City which also houses its modern distribution center operating on the concept of centralized buying and warehousing. It belongs to the top 20 companies in sales performance for the past several years.

"To serve you, to have what you want, when you want it." 
-Mariano Que-
 This is all it takes to be an entrepreneur. Know what your customers want and customers will give what you want.

"I was born poor, but poor was not born in me. And it shouldn’t be born in you either. You can make it. Whatever you may wish to do with your future, you can make it. It gets dark sometimes, but morning comes always. Challenges breed character. Character breeds faith. In the end, faith will not disappoint. You must not disappoint."
-PLDT Chairman Manuel V. Pangilinan-
*  information about Mauel Pangilinan*
Manuel V. Pangilinan



Manuel V Pangilinan (born July 14, 1946 in Manila, Philippines), also known as Manny Pangilinan and MVP, is a Filipino Businessman. He is the Chairman of the Philippine Long Distance Telephone Company, from 1998 up to the present. Pangilinan spent his elementary and high school days at San Beda College. He graduated Cum Laude from the Ateneo De Manila University with a Bachelor of Arts degree in Economics. He received his MBA degree in 1968 from the Wharton School of University Pennysylvania. He is also the owner of ABC/TV5 network, Cignal Digital TV and Smart Communications. He was the former Chairman of the Board of Trustees of Ateneo De Manila University.

-END-





Miyerkules, Hunyo 15, 2011

Assignment No. (can you apply it now?) [page 20]

Carla always had a talent in crocheting. She discover this skill in her TLE classes and continued practicing it until college. She made personal items like pouches and ID laces which people admired. She decided early on that she would start a crochet business right after college.
Upon graduation, Carla started a small shop selling crocheted products. Things were not always easy for her in the beginning because there were many similar shops around competing for her customers. But Carla was not discouraged. She constantly looked for new designs and asked her customers' suggestions to improve her products. Soon, customers noticed how unique her items were and orders beagan pouring in.
Part of her success was due to her ability to tell what people would want in the future and create new designs ahead of her competitors. In this, she had a lot of help from her employees whom she treated decently and who, in return, helped her arrive at new ideas for the products. She also avoided her tendency to slack off at times, and continued working to keep the lead she had set.
Because of her fondness for her craft and her customers, Carla's decisions mostly proved helpful for her business. Her decisions are guided by her commitment to give her customers total satisfaction. She is also careful not to repeat old mistakes, and applies the lessons she had learned in the past in decision-making.
Carla alos believes in honesty as the best policy, so her clients grew to respect her and continued patronizing her business.


Question: Identify the entrepreneurial characteristics that helped Carla succeed in her business.


Answer: Self Confident, Full of Courage, Honest, Creative, Ability to Learn From Past Failures, Commitment, Optimistic, Decision Making Skills, Responsible, Accepts Suggestions for Improvement.

*other photos to make a business succeed* 





     





































 
-that's all-

Lunes, Hunyo 13, 2011

Assignment no. 4 (CAN YOU UNDERSTAND?) [page 15]

1. Evaluate the different entrepreneurial characteristics under PECs. How does applying similar characteristics help us succeed in other areas of life? Explain your answers by giving examples.


2. Expalin how having the Personal Entrepreneurial Competencies can help you become a successful entrepreneur.




ANSWERS:
1. VIGILANCE FOR OPPORTUNITIES
2. COMMITMENT TO WORK CONTACT
3. PERSISTENCE
4. WILLINGNESS TO TAKE RISKS
5. DEMAND FOR EFFICIENCY AND QUALITY
6. GOAL SETTING
7. INFORMATION SEEKING
8. SYSTEMATIC PLANNING AND MONITORING
9. PERSUASUION AND NETWORKING
10. SELF CONFIDENCE
*By applying these characteristics, you can be a successful person ecause you can do everything on your own and not depending on others.You are INDIPENDENT. Not dependent on others*




2.The PECs can help you become a successful entrepreneur because it can train you on what the risks are in being an entrepreneur. It can help you in becoming what you really want to do and follow what thing that your happy when doing it.

-end of assignment no. 4-

Biyernes, Hunyo 10, 2011

Assignment no. 3

-the entrepreneurial skills, technical skills, and business management skills. The top outstanding strengths or abilities identified were human skills, tenacity, management competency, knowledge/ education, being motivated/ driven, and intellect/ wisdom as well as skills in persistence, systematic planning/ monitoring, and opportunity sensing.
I. Opportunity Seeking and Initiative
* Does things before asked or forced to by events
* Acts to extend the business into new areas, products or services
* Seizes unusual opportunities to start a new business, obtain financing, equipment, land work space or assistance

II. Risk Taking
* Deliberately calculates risks and evaluates alternatives
* Takes action to reduce risks or control outcomes
* Places self in situations involving a challenge or moderate risk

III. Demand for Efficiency and Quality
* Finds ways to do things better, faster, or cheaper
* Acts to do things that meet or exceed standards of excellence
* Develops or uses procedures to ensure work is completed on time or that work meets agreed upon standards of quality

IV. Persistence
* Takes action in the face of a significant obstacle
* Takes repeated actions or switches to an alternative strategy to meet a challenge or overcome an obstacle
* Takes personal responsibility for the performance necessary to achieve goals and objectives

V. Commitment to the Work Contract
* Makes a personal sacrifice or expends extraordinary effort to complete a job
* Pitches in with workers or in their place to get a job done
* Strives to keep customers satisfied and places long term good will over short term gain

Planning Cluster
VI. Information Seeking
* Personally seeks information from clients, suppliers or competitors
* Does personal research on how to provide a product or service
* Consults experts for business or technical advice

VII. Goal setting
* Sets goals and objectives that are personally meaningful and challenging
* Articulates clear and specific long range goals
* Sets measurable short term objectives

VIII. Systematic Planning and Monitoring
* Plans by breaking large tasks down into time-constrained sub-tasks
* Revises plans in light of feedback on performance or changing circumstances
* Keeps financial records and uses them to make business decisions

Power Cluster
IX. Persuasion and Networking
* Uses deliberate strategies to influence or persuade others
* Uses key people as agents to accomplish own objectives
* Acts to develop and maintain business contracts

X. Independence and self-confidence
* Seeks autonomy from the rules or control of others
* Sticks with own judgement in the face of opposition or early lack of success
* Expresses confidence in own ability to complete a difficult task or meet a challenge


-google-

Huwebes, Hunyo 9, 2011

Assignment no. 2

In 1951, Bette Nesmith Graham  invented the first CORRECTION FLUID  in her kitchen. Working as a typist, she used to make many mistakes and always strived for a way to correct them. Starting on a basis of  tempera paint she mixed with a common kitchen blender. she called the outcome fluid Mistake Out and started to provide her coworkers with small green bottles on which the brand's name was displayed. By 1956, Graham founded the Mistake Out Company and continued working from her kitchen nights and weekends to produce small batches of correction bottles. The inventor offered the product to IBM, which declined the offer. She sold the product from her house for 17 years; the name was changed to Liquid Paper shortly after. By 1968, the product was profitable, and in 1979 the Liquid Paper Corporation was sold to the Gillette Corporation  for $47.5 million with royalties. In 2000, Liquid Paper was acquired by Newell Rubbermaid. In some regions of the world, Liquid Paper is now endorsed by Papermate, a widely known writing instruments brand (also owned by Newell Rubbermaid).























-Wikipedia -