1. Entrepreneurial Development of Rural and Tribal Women PFLCW 11th General Assembly Dipolog City, November 31, 2013 Dr. Sharifa Pearlsia Ali-Dans, CESE Assistant Secretary, DILG-ARMM

2. Session Objectives: Review concepts/definition of Entrepreneurentrepreneurial development, planning new ventures, analyzing entrepreneurial opportunities, financing aspects, etc. Appreciate the status of Philippine Tribaland Rural Women through the various periods 3. The Entrepreneur Peter F. Drucker defines an entrepreneur asone, who always searches for change, responds to it and exploits as an opportunity. Innovation is the specific toolof entrepreneurs, the means by which they exploit change as an opportunity for a different business or service Entrepreneurship is neither a science nor an art. It is a practice. It has a knowledge base. Knowledge in entrepreneurship is a means to an end. 4. An entrepreneur is one of theimportant segments of economic growth. An entrepreneur - a person responsible for setting up a business or an enterprise. In fact, he is one who has the initiative, skill for innovation and looks for high achievements. 5. Entrepreneur -A person whoorganizes, operates, and assumes the risk for a business venture. willing to take risks in order to make a profit enterprising - marked by imagination, initiative, and readiness to undertake new projects; "an enterprising foreign policy"; "an enterprising young woman likely to go far" 6. Alfred Marshall (1936) - Theprocess of entrepreneurship or business development is incremental or evolutionary . It evolves from sole proprietorship to a public company. 7. Definition of Entrepreneurship:Entrepreneurship involves not only the process that leads to the setting up of a business entity but also the expansion and development of an on going concern. The study of entrepreneurship is concerned with the entrepreneurial behavior, the dynamics of business set up and expansion and development. 8. Concept of EntrepreneurshipEntrepreneurship refers to all those activities which are to be carried out by an entrepreneur to establish and run the business enterprises in accordance with the changing socio, political and economic environments. Includes activities relating to the anticipation of the consumers likes and dislikes, feelings and behaviours ,tastes and fashions and the introduction of business ventures to meet out all these expectations of the consumers. 9. Planning the New Venture - Nature of business plans - Benefits of plans and planning - Strategic Planning process - Financial Planning - Development Sales forecast and marketing - Legal considerations 10. Analyzing Entrepreneurial Opportunities - Various opportunities - Sources of venture opportunities - Recognizing opportunities - Analyzing and evaluating opportunities Financing the venture - Sources of funding - Equity Financing - Debt financing - Other capital sources 11. Tribal Entrepreneurship - Nature of Tribal Entrepreneurship - Deciding how to export - Deciding where to export - Tapping the international market Entrepreneurial Management - Determining the internal structure of venture - Managing and controlling growth - Barriers to Corporate Entrepreneurship - Valuation of ventures 12. Status of Philippine Womens Tribal and Rural Entrepreneurial Development a) Pre-Colonial Period -left to fend for themselves; b) Colonial Period Spanish, American, Japanese -scattered/no holistic approach; c) Independence to Present Small Medium Industries -that needs to cascade to LGU level No unified government assistance compared to other countries 13. IMPORTANCE OF ENTREPRENEURSHIP ECONOMY1. Entrepreneurship is the symbol of business steadfastness and achievement. - critical to economic growth. Entrepreneurship may affect our future in many ways: a)Innovative creation of opportunity Example: Portable phones linked to faxes and laptop will turns cars, train, and airport terminal into offices. b)Entrepreneurship not only affect our lives through innovation but represent the working future for many of us due to lays off by large organization and shrinking of job opportunities for graduates. c) Entrepreneurship is synonymous to creation of new venture and small businesses. SMIs have been important contributors to local economic growth. 14. Entrepreneurial Environment:Significance a) Internal and b) external environment forces Psychological, social, cultural, political , legal and economic forces. 15. Entrepreneurial Development:Importance - Phases in the development of entrepreneurship Stimulation: Entrepreneurial awareness, exposure, motivation and attitude Support: Entrepreneurial education, training, assistance Sustenance Entrepreneurial commitment. 16. Programmes for Developing TribalEntrepreneurship.: Entrepreneurship development programmes - Seed Capital assistance Capital subsidy Backward area development schemes Sales tax concessions Energy concessions Recent trends. 17. Entrepreneurial Culture Special Programmes of assistance toEntrepreneurship -development needs of women, rural and small entrepreneurs. - Design Improvement - Export Quality - Marketing - Sustainability - Capital 18. Maraming Salamat