1. What are the different Personal Entrepreneurial Competencies(PECs)?
2. Pick one PEC that you may have and explain how you could improve this PEC.
No. 1 answer:
Achievement Cluster
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
No. 2 answer:
Systematic Planning and Monitoring
^SIR, NAKALIMUTAN KO PO IPOST. :D Hahaha. Nakasave lang sa drafts. Lol. :D
Rads Sy is considered to be one of the successful Filipino entrepreneurs. He is amongst the top most distributors of Resensa Green Iced Tea, direct marketing company and the flagship product of Harmonde. These days Rads works for sometimes, maybe for four hours in a day and it has been reported that he usually works via cell phone for doing the business. It is known that he usually helps his wife in teaching the kinds under a home study program and spends quality time with his family. It has been reported that his wife will give birth to the third child and they will move to the big house.
He is the chairman of JG Summit Holdings, one of largest conglomerates in the Philippines. In 2005, his company spent $700 million of internally generated funds which was used to buy new aircraft for his airline, Cebu Pacific Air. From 2003 up to the present his telecom company Digitel Telecommunications Philippines spent nearly $800 million for its mobile carrier, Sun Cellular which is the 3rd largest mobile operator in the Philippines as of 2008. He is currently negotiating a $1 billion takeover of UIC a property giant from Singapore of which he owns in excess of 30%.UIC controls Singapore Land, one of the biggest property landlord in Singapore. Gokongwei also owns Universal Robina Corporation, one of the largest manufacturer of snacks in the Philippines. He also controls Robinsons Land one of the biggest property developers in the Philippines which also operates a chain of malls.Lily Monteverde
Lily Monteverde has produced nearly 300 films in the Philippines since the early 1960s. She operated Regal Films, in the Philippines for many years. In August 1996 she invested much of her substantial wealth into hotels in Quezon City. She opened the Imperial Palace Suits on the site of an old gasoline station at the corner of Tomas Morato and Timog avenues in Quezon. In 2000, she received the Lifetime Achievement Award from Cinemanila International Film Festival. --Lisette. :) 
