Our 3rd session (actual 2nd) for MBA Sentrep - not the typical MBA class

We opened the class with you tubes rendition of  Tanging Yaman.

We did the following:

l.  Lecture on introduction to entrepreneurship (from this blog and slideshare link) What were emphasized:   creating something new, innovation, new products, it is magic (from Walt Disney - Larry Farrel.  It is creating something from practicality nothing.

2.  At the mention of creating products, we did a re invention/redesign of the school id on a paired discussion.  The mock up and the new id concept will be presented by next Tuesday, December l8. (Athens proposed a mini Christmas party)

3.  Then we did a mind mapping of three concepts:   entrepreneurship, innovation, creativity.  For most, it is their first encounter of mind maps.

4.  The last part was the application of 3R from green innovation:   reuse, recycle, reduce.  How to create new product/or product from the waste/trash at 4f of AGSB Salcedo.  And they were able in 45 minutes able to come up with new notable products.  The product prototypes were the actualization of mind maps.

We said entrepreneurship is not a spectators sports;  it is about taking action and creating new products/services.  And we did just that.

Mind/conversation mapping (concept by Tony Buzan)

                               The creativity group:  Alvin, Jaypee and Kevin (he just came in)

                                Evan, Jaypee and Nelle working on innovation

                                   The entrep mind mappers:   Athens, Cams Jenlo and Arlo

                                 The Sentrep class learning by themselves

                               Chrissy, Jaypee, Mike and Alvin

                              The innovation mind map

                               Alvin making the pitch while his group mates watch/listen

                                   Jaypee pitching innovation

                                   Jaypee and group mates

Cash/products from trash

                              Our rawmat (some said yuckkkk?!) We removed the wet ones




Product pitch

                      Evan pitching for his chocolate carton android case; group mates watch

                               Jaypee pitches LED tv protector and remote control holder

                                   Athens with tool crib made from carton box

                                    JP made spirit of Christmas from plastic and paper strips

                               Chrissy, Jaypee and Mike conceptualizing the product

                                         Cams, Jenlo, and Arlo making their product

                                JP, Nelle and Evan sweating it out with the trash rawmat

                           Jaypee, the chief product maker;  Chrissy doing the styropor part

 

                                   Buy now, pay later O interest

ENTREP S20 - Factors Paper

Factors Paper by Arlo Cristobal

My grandparents own a small sari-sari store. I think that's about it when it comes to entrepreneurs in our heritage. My father worked for the government and my mother in a local private company. Both of them have plans in putting up a business but never really pushed through with their plans. Their excuse is always security. Initially, they didn't want to leave their jobs because I was still in school. When I graduated, they still didn't want to retire because my brothers are still in school. Both of them, in my opinion, have solid business plans backed-up with years of experience in their respective industries. What they lack is the ability to take big risks.

Character

My personality is different. As a young professional, I don't really feel pressured to have that sense of security in terms of my future. I know that's wrong in a lot of aspects but my point is my current position allows me to take risks. I have the desire and passion to go places without worrying about set-backs and failures. I have the initiative to grow my minute wealth, and my vision towards the future is still at its most optimistic. I can also say that I am resilient since I'm pursuing my MBA career.

What I lack at the moment is the initiative to start my own business. I believe MBA is a start, but I also believe that I should have done so much more by now. Hopefully, this class could help me jump-start my ambition of putting-up my own enterprise.

People Skills

People skills could be one of my weak points in becoming an entrepreneur. I have always considered myself as an introvert. The good thing about this is that I'm constantly working on it and my client engagement at work has been a good opportunity to practice my communication skills.

In terms of negotiation skills, I really don't have much experience on it other than trying to negotiate project timelines at work. These negotiations are usually backed by standard procedures so there's really no solid decision making activities involved.

My strong point in people relations, in my opinion, stems from my upbringing. My grandmother only finished grade 6, my father used to catch fish to sustain his college education and my mother was only able to finish college because of her scholarship. I witnessed my parent's perseverance to give us a better life. They always taught me to be humble and to never forget my roots. In addition to that, my mother is quite religious so making unethical choices is never really tolerated in our family.

Creativity

What I lack in people skills, in my opinion, is compensated by my creativity. I'm not an artist in any sense, but I'm confident with my innovation skills. I always find interesting ways to accomplish things, take automation for example.

Another trait that I have developed earlier in school was my analytical skills. I took high school in a science high school and then took Physics in college. I believe those experiences helped me with my problem solving capabilities.

Those two skills combine would help me seize opportunities in business. Part of being an entrepreneur is to be innovative in approaching business and being able to think your way through problems encountered along the way.

Business Knowledge

Last but definitely not the least important would be business knowledge. Unlike the other factors, this can be learned and developed through experience. Basic skills such as organization skills and business-specific knowledge are important in understanding and growing a business. On the other hand, Accounting, financial and economic knowledge would help you make effective and profitable business decisions.

Assessment

Based on an online test that I took, they gave me a score of 80% in assessing my skills as an entrepreneur. My strong points, as mentioned above, are my innovation and problem solving skills. I do, however, need to have a sound plan and a clear vision of what I would want to attain. The test also mentioned that I should surround myself with people that can help and support me, such as mentors, advisors, peers, associates, etc. All these skills, combined with a keen eye, would help me identify and seize opportunities in business. And with the help of the people around me, I believe I have the tools and the potential to become an entrepreneur. 3.5

New entrepreneurship classes for the second trimester

I have new classes beginning November 27, 2012.  Unfortunately I had a provincial trip for one week from November 25 up to December 1, 2012.  Actually, since it was a late flight and we had to circle the airport many times because the flights were stacked, we arrived almost December 2.

The Tuesday class is for MBA standard at de la Costa campus, 6 to 9;  I have 12 students.  The class sec is Leah Olegario, a project leader at Emerson Electric.  I have two JP (one is Jaypee) two guys from Chevron, two guys from IT company.  I guess, Joseph is MM (because of his ID)

I have yet to meet the MBAH class;  I will meet them tomorrow December 8 (no longer a holiday) in the afternoon at Rockwell   There will be 21 students.  One of them Dr. Abel is my kababayan but he would not be there because of a diplomate exam tomorrow.  He suggested Dr. Danae Orig to be the class secretary.  I emailed the class members as a way of getting to know them (the King and I song) but only Bong Villamor and Dr. Abel have replied.