Ramon Martin P. Revilla Professor Jorge Saguinsin
MBA Standard SP Entrepreneurship S10
Ateneo Graduate School of Business September 9, 2013
Factors Paper
What factors I do / don't posses that make / do not make me a Business Entrep (not more than 3 pages). You can do a self-assessment available from the Internet. Do a thorough self-analysis.
I am currently working as a Medical and Sales Representative at HI-Eisai Pharmaceutical Inc. As a sales person for more than 10 years, I met different types of clients Medical Practitioners (MD, Pharmacists, Purchaser's) and colleagues with several types of personalities. This made me more flexible of handling customer concerns and needs, understand different situations even with beleaguered details, innovate on things to successfully deliver the numbers needed by my company and learn to use patience as a virtue.
I do posses several factors that make me a good Entrepreneur, first I always think of efficiency at all aspects – this will lead to a good output performance it may be for product or service. Being efficient for work can lead to positive result; it can give your peers/clients that image of credibility and trust that leads to a good working environment that will also produce solid rapport building. Efficiency will erase obstacles that will hurdle success, by having proper discipline of doing it the right way it can even provide greater opportunities.
I do believe in Utilitarianism that a person is entitled with fair treatment and justice, that's why I have a strong sense of ethical background, this made me develop a wide understanding on things happening with my environment, I will not easily agree on things without digging and analyzing it further, this gave me a positive relation with my peers. Being innovative and a person who thinks of a new concept and looking at new ways on how to solve several problems and thinking of new ways on how to be sustainable. This is what I usually do as a sales person and part of marketing world, it is said that a good marketer always performs at its best when pressure arises and when it is needed. Don't be satisfied and be contented of your performance, be enthusiastic and achieve more.
Strong virtue of leadership, having this quality invokes peers to be inspired on what you do, leading by example and being a reliable person can give them inspiration of following your purpose and goals. Leadership plays a vital part of being a good Entrepreneur, it will measure the business success by developing personal experience and sharing thoughts and ideas on how to dwell with problems, and it can measure success by learning through mistakes. In order for you to be a good leader, you need to show them how to survive adversities.
I am a person with a wide network, studying MBA not only provides me with learning's and applications on how to be a good Entrepreneur someday, I am somewhat lucky that I am part of an institution with a wide range of professional network, no Entrepreneur is an island, knowing people is critical and extending a hand to others involve opportunities. Earn some karma credits and you'll find the path much easier when you need a hand.
Money management, a successful entrepreneur knows how to manage his money. From the very beginning, it takes dedication and self-control not to make a wrong financial decision or prematurely spend company money, especially in a lone venture. As an employee, I personally gauge on how to handle simple decisions regarding money transactions, it will not differ significantly for corporate management but if you have the proper discipline of managing your finances, you can be a good Entrepreneur.
Some business people say you need to be a risk taker in order for you to be a good Entrepreneur, I don't believe on that. I am not that kind of person; I usually plan things ahead and with purpose. Risk taking is somewhat testing your luck in many ways not only in business, why would I try having that risk if I can develop or plan for a better strategy. With proper research and target segment, risk would not be on my vocabulary.
Right now the only thing that I can think of quality I don't posses as a good Entrepreneur is lack of business knowledge and experience. Learning from school and applying its theory's somewhat helps in start up Entrepreneurship, but, experiencing problems personally and dealing with it will boost your knowledge on handling different situations.
I think what is important, be passionate on what you do to produce good output, innovation and creativity is good but with proper execution of concepts, maintain focus at all aspects and be integrated with your team, have integrity on what you do and give back to your stakeholders that will lead to harmonious and better working environment.
As a company employee, I always think of ways on how to improve the cycle of life. I don't want to depend on salary given on the 15th and 30th payroll for I do think this is the reason why Filipinos remain poor. Even if you have high salary and work your whole life as Managers, one thing is for sure, we will all retire and even if we benefited of high retirement pay it will only go to medication fees for you acquired stress and disease from years of service which will affect your monetary savings. Entrepreneurship is the key for good economy and poverty solution, it will also give legacy to a person and pass it to his/her Family, just think of what business that will drive your passion and success will follow. 3.5
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