Main Article Content

Abstract

Purpose: The province of Quirino, Philippines, is known for producing agricultural products like corn and rice. However, the issue in this industry is limited to purchasing and selling rice and corn. Therefore, this study was conducted to address the rampant percentage of unsuccessful entrepreneurs.


Methodology: This study used a descriptive research design to gather data in which four selected successful entrepreneurs of the province were interviewed as participants. The participants were chosen based on their business years and the other companies they have produced aside from trading. The researchers' data is classified based on the similarity of the responses of the participants.


Main Findings: Based on the information gathered from the participants, it was determined that successful entrepreneurship is a large-scale business free of stress and debt. They also identified potential business trading challenges, such as natural disasters and depreciation. Problems persist due to a lack of organizational and management skills, resulting in unsuccessful entrepreneurship.


Implications of study: This study sought to know the secrets and techniques of the successful entrepreneurs in Quirino Province that could be helpful for some small-scale businesses.


Novelty of study: This research intended to create a training design that may be necessary for some people who want to venture their own business and serve as a manual for entrepreneurs in the province of Quirino.

Keywords

Entrepreneurs Small-Scale Businesses Entrepreneurship Business Venture Management Skills

Article Details

How to Cite
Tariga, J. N., Español, J. B., & Afan, R. D. (2022). Ingredients Behind Fruitful Success: Entrepreneurship Strategies Towards Entrepreneurial Training Design. International Journal of Management, Innovation & Entrepreneurial Research, 8(2), 10–16. https://doi.org/10.18510/ijmier.2022.822

References

  1. Anurag, P. (2015) Introduction to Entrepreneurship. https://doi.org/10.2139/ssrn.2761878
  2. Baumol, W.J., (2004) Education for innovation: entrepreneurial breakthroughs vs. corporate incremental improvements. NBER Working Paper No. 10578. https://doi.org/10.3386/w10578
  3. Botha, M. (2006) Entrepreneurship training models and programs. Retrieved from- https://repository.up.ac.z .handle.net
  4. Butler, I. Galassi, G. Rufo, H. (2016) Public funding for startups in Argentina: an impact evaluation. Small Bus Econ 46(2):295-309 https://doi.org/10.1007/s11187-015-9684-7
  5. Cantillon, R. (1986). Richard Cantillon: Entrepreneur and Economist. In A. Murphy, Richard Cantillon: Entrepreneur and Economist (pp. 1-189). Oxford: Clarendon Press Oxford.
  6. Espaήol, J. B., Barayuga, S. J., Tariga, J. N., Eraήa, P. L.-L., Bautista, R. G., & Mayoya, M. A. (2021). Enterprising Skills of Hospitality Management Students. American Journal of Educational Research, 72-76. https://doi.org/10.1 2691/education-9-2-3
  7. Evangelista, P.G. (2013). Entrepreneurship in the Philippines: Opportunities and Challenges for Inclusive Growth. Retrieved from- https://www.cipe.org/resources/entrepreneurship-philippines-opportunities-challenges-inclusive-growth/
  8. Foster, L. Haltiwanger, J.C., Krizan, C.J. (1998) Aggregate Productivity Growth: Lessons from Microeconomic Evidence. NBER Working Paper 6803, https://doi.org/10.3386/w6803
  9. Garavan, T. N., & O’Cinneide, B. (1994). Entrepreneurship Education and Training Programmes: A Review and Evaluation Part 1. Journal of European Industrial Training, 18, 3-12. http://dx.doi.org/10.11 08/03090599410068024
  10. Gavigan, S., Ciprikis, K., & Cooney, T. (2020). The impact of entrepreneurship training on self-employment of rural female entrepreneurs in Uganda. Small enterprise research, 1-11. https://doi.org/10.1080/132 15906.2020.1769715
  11. Gerpacio, R. V. & Labios, J. D. & Labios, R. V. & Diangkinay, E. I. (2004). Maize in the Philippines: Production Systems, Constraints, and Research Priorities. Maize Production Systems Papers, 7650, CIMMYT: International Maize and Wheat Improvement Center.
  12. Grecu, V. & DeneÈ™, C. (2017). Benefits of entrepreneurship education and training for engineering students. MATEC Web of Conferences, 121. 12007. https://doi.org/10.1051/matecconf/201712112007
  13. Haq, M. A., Victor, S., & Victor, S. (2020). Exploring the motives and success factors behind female entrepreneurs in India. Springer Nature B.V.
  14. Hebert, R. & Link, A. (2015). In Search of the Meaning of Entrepreneurship. Small Business Economics, 1, 39-49. https://doi.org/10.1007/BF00389915
  15. Hopenhayn, H.A. (2014) Firms, misallocation, and aggregate productivity: A Review. Ann Rev Econ, 6(1), 735-770. https://doi.org/10.1146/annurev-economics-082912-110223
  16. Kuratko, D & Hodgetts R. (2004). Entrepreneurship: theory, process, practice Communication View project Entrepreneurship View project. https://www.researchgate.net/publication/305328732
  17. Mehralizadeh, Y., & Sajady, S. H. (2006). A Study of Factors Related to Successful and Failure of Entrepreneurs of Small Industrial Business with Emphasis on Their Level of Education and Training. SSRN, 39. https://doi.o rg/10.2139/ssrn.902045
  18. Ono, A. (2015) How do natural disasters affect the economy? Retrieved from- https://www.weforum.org
  19. Pereyra, M., Aboal, D. & Rovira, F. How effective are training and mentorship programs for entrepreneurs at promoting entrepreneurial activity? An impact evaluation. SN Bus Econ, 1, 97 . https://doi.org/10.1007/s43546-021-00102-4
  20. Sarhan, A. (2017). Common Trading Problems and their Solutions. Retrieved from- https://chartyourtrade.c om/7-common-trading-problems-and-their-solutions/
  21. Scarpetta, S. Hemmings, P. Tressel, T. Woo, J. (2002) The role of policy and institutions for productivity and firm dynamics evidence from micro and industry data. OECD Economics Department. Working paper No 329, OECD, Paris. https://doi.org/10.2139/ssrn.308680
  22. Tashim, Y. and Zainuddin. (2014) What Makes Successful Entrepreneur Effectively Committed to Entrepreneurial Performance, https://doi.org/10.9774/GLEAF.3709.2014.ap.00004
  23. Temmons & Spinell (2014) Chapter 3: Entrepreneurship training models and programs. Retrieved from- https://repository.up.ac.za.handle.net
  24. Ukeni, C. S. (2015). Strategy Behind the Business Success of Amazon: A Case Study. Texila International Journal of Management, 1-16.
  25. Zacharakis, A.L., Meyer, G.D. (2000) The potential of actuarial decision models: can they improve the venture capital investment decision? J Bus Ventur, 15(4), 323-346. https://doi.org/10.1016/S0883-9026(98)00016-0