Me! (Entrepreneur)
as an agent of:
Economic
growth
Innovation and
Development
“Are entrepreneurs important?”
It is evident that the rising cost of goods and
services over the past few decades has
increased people's interest in entrepreneurship.
But aside from the potential financial reward, do
you actually comprehend the significant role we
(entrepreneurs) plays in our society? Why are
we regarded as an important driver for
economic development and growth?
Me! (Entrepreneur)
as an agent of:
Economic
growth
Innovation and
Development
Economic
growth
Misconception
1:
“Entrepreneurs think only about money”
Economic Growth
In the Philippines, entrepreneurship is acknowledged as a key
driver of economic growth in the Constitution of 1987 due to
our role in developing new and high quality of goods and
services, creating job opportunities, boosting export trade,
and cultivating a nation’s economic independence. Thus, it is
important for us that we consider social motives in addition to
financial gain, having a business whose objective is to satisfy a
social or communal need, because this will drive us to
produce products that the people would appreciate which
would then lead to economic balance. Therefore, as an agent
of economic growth, we are expected to think on a bigger
scale as we are the ones who organizes and puts to use
capital, labor and technology in sustaining the economic
Economic
growth
Me! (Entrepreneur)
as an agent of:
Economic
growth
Innovation and
Development
Innovation and
Development
Misconception 2:
“There is no business without a unique idea”
Innovation and Development
We, entrepreneurs, highly prioritizes the value of our products through
development and innovation in which we need to be perceptive and conscious
of our changing surroundings. This would help us unleash our creativity and
turn new features into profitable ventures.
As a result, we as the agent of innovation and development are responsible for
the improvement of existing products to meet new requirements and market
needs. Through innovation, we help the company in gaining more favorable
exposure through new products, attracting better employees, and therefore
boosting a business's health and the economic growth. Hence, without
innovation from entrepreneurs, the world would be confined with outdated
views and traditional approaches to do tasks.
Innovation and
Development
Me! (Entrepreneur)
as an agent of:
Economic
growth
Innovation and
Development
Can you picture a world
without us (entrepreneurs)
now that you know how much
of an impact we have on
society?