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    Activity No.1 - John Asher Hiwatig

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    Anna Mary E. Pareja
    This document contains a student's responses to questions about entrepreneurship. For the first question, the student says they would prefer to be an entrepreneur over a manager because managing your own business can be more profitable. For the second question, the student identifies as a creative thinker, giving an example of preferring art classes over problem solving classes. They also say entrepreneurial decisions require a combination of critical, creative, and strategic thinking. For the third question, the student defines cognitive adaptability as the ability to change decisions based on feasibility. They provide an example of their family business adapting products sold. Finally, the student says cognitive adaptability in business is good, not just constant changing, but making careful, situation-based decisions

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    Activity No.1 - John Asher Hiwatig

    Uploaded by

    Anna Mary E. Pareja
    1K views3 pages
    This document contains a student's responses to questions about entrepreneurship. For the first question, the student says they would prefer to be an entrepreneur over a manager because managing your own business can be more profitable. For the second question, the student identifies as a creative thinker, giving an example of preferring art classes over problem solving classes. They also say entrepreneurial decisions require a combination of critical, creative, and strategic thinking. For the third question, the student defines cognitive adaptability as the ability to change decisions based on feasibility. They provide an example of their family business adapting products sold. Finally, the student says cognitive adaptability in business is good, not just constant changing, but making careful, situation-based decisions

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    Activity No.1_John Asher Hiwatig

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    This document contains a student's responses to questions about entrepreneurship. For the first question, the student says they would prefer to be an entrepreneur over a manager because managing your own business can be more profitable. For the second question, the student identifies as a creative thinker, giving an example of preferring art classes over problem solving classes. They also say entrepreneurial decisions require a combination of critical, creative, and strategic thinking. For the third question, the student defines cognitive adaptability as the ability to change decisions based on feasibility. They provide an example of their family business adapting products sold. Finally, the student says cognitive adaptability in business is good, not just constant changing, but making careful, situation-based decisions

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views3 pages

    Activity No.1 - John Asher Hiwatig

    Uploaded by

    Anna Mary E. Pareja
    This document contains a student's responses to questions about entrepreneurship. For the first question, the student says they would prefer to be an entrepreneur over a manager because managing your own business can be more profitable. For the second question, the student identifies as a creative thinker, giving an example of preferring art classes over problem solving classes. They also say entrepreneurial decisions require a combination of critical, creative, and strategic thinking. For the third question, the student defines cognitive adaptability as the ability to change decisions based on feasibility. They provide an example of their family business adapting products sold. Finally, the student says cognitive adaptability in business is good, not just constant changing, but making careful, situation-based decisions

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    of 3

    Name: Date: Anna Mary Pareja

    Grade & Section: 12- Pratt and Whitney

    ACTIVITY NO.1 IN ENTREPRENEURSHIP

    Answer the following questions:

    1. Would you rather be an entrepreneur or a manager in a big corporation? Explain your answer.
    I’d rather be an entrepreneur. Managing your own business is a bit challenging but when it
    prosper, the return of investment is more profitable than working in a corporate job. As they say,
    there are no employees getting rich, only businessmen.

    2. Would you describe yourself primarily as a critical thinker, a creative thinker, or a strategic
    thinker? Give specific examples that will you support your answer. Which of these thought
    processes, do you think, is most effective in formulating entrepreneurial decisions?

    I am more of a creative thinker. When in class, I enjoy subjects that are related to art than the
    ones that need critical thinking like problem solving. In entrepreneurial process, I think it is a
    combination of all thinking skills. Strategy is important to keep your business afloat especially
    during the pandemic. And to create good strategy, critical thinking is important. Creative
    thinking is also useful in coming up into creative ideas for marketing strategy.

    3. What is your understanding of cognitive adaptability? Have there been instances in the past
    that you have exhibited this making decisions?
    Cognitive adaptability means entrepreneurs were able to change their decisions based on
    what is feasible in a certain situation. We cannot always stick by the book but must be willing
    to adapt to unexpected circumstances brought by different factors. In the family business that
    we have, we used to sell Korean products, but since we find in no longer in demand, we have
    resorted to selling grilled seafood and meat.

    4. Being cognitively adaptable might lead an entrepreneur to constantly change his mind about
    how to run his/her business. Would you consider this good or bad for the business?

    For me, being cognitively adaptable is a good trait for entrepreneurs. It doesn’t just simply
    mean that you constantly change your mind. Decisions made by being cognitively adaptable,
    however, requires careful thinking of what’s best for the business given the present situation.
    You know, we cannot always stick to previous decision made especially when the business is at
    stake. We always need to be adaptable.

    II. Think of an example of one existing product and service/s. Attach a photo and
    make a table using the SWOT Analysis.
    MILK TEA BUSINESS

    Strengths Weaknesses Opportunities Threats

    Despite being pricy, this There are a lot However, we can still Competitor
    is an in demand drink of strong try to make unique s with good
    for everyone. Thus, competitions as variety so we can rise product and
    good return of there are above the competitors. effective
    investment is expected. already marketing
    numerous milk strategy
    tea business
    almost
    everywhere.

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