BM2313
CLARRENCE C. SISNORIO
Name_____________________________________ Section _________________
BSHM- 503 Date_____________
ACTIVITY
Instructions: In no more than 10 sentences, answer the questions below using a narrative or essay format.
(20 points)
• In your opinion, how does value creation affect entrepreneurship?
• Will you aspire to have a business that creates value for society or a company that makes
value for the shareholders? Why?
In your opinion, how does value creation affect entrepreneurship?
-Value creation helps a lot in the field of entrepreneurship. People and entrepreneurs may benefit from it. Making creative ideas to
solve problems and improve the quality of life for people. The value of your product must have a quality and benefit that can make
your business great. Entrepreneurship is affected by value creation because it helps businesses make profits from what they create
and what customers have wanted or need to be met. The strategy helps the business to establish long-term relationships with its
customers and gives a distinct meaning to the brand and the solution. Value creation is very important to entrepreneurship. You will
not be able to gain customers to make money if your product or service does not provide any value to them. To be a successful
entrepreneur, you must be able to provide a quality product that people are willing to pay money for. You must also be able to beat
out any competitors as well. You must convince clients that your product is better than the competition's or that you will offer
benefits that will encourage them to choose yours over theirs. Value Proposition is a part of a business strategy based on the idea
that long-term value development comes from satisfying consumers. A value proposition is a claim that details the unique,
quantifiable, and demonstrable advantages buyers receive from purchasing a specific good or service. The most successful
businesses in the world today are aware of the interdependence between the interests of these three groups of people and the fact
that the goal of any company venture is to produce value for consumers, investors, and employees. Therefore, the economic value
should not be offered to one group, leaving the others behind, but should be created for all.
Will you aspire to have a business that creates value for society or a company that makeS
value for the shareholders? Why?
I would like to create a company that creates value for society. Entrepreneurs create value for short they are heroes. Helping
society to make all things easier is important. I hope to become an entrepreneur with a good idea that I have learned from
this lesson someday. Consider the fact that there are so many people who are so proud of you for creating products that
have changed their lives. That makes me proud of myself. I believe that by understanding the impact of business on society,
developing informed decisions, and continuously monitoring our progress, we can contribute to a better life for employees,
customers, and society in general.No matter what the business is, even the destructive ones, provide value to the consumer,
who is a constituent of society; therefore, all businesses are value ladders. I, like everyone else aspiring to own a business,
would like to start one that has a positive impact on society. One would rather note that we should aspire to create
businesses that would create positive value for our society.
Rubric for grading:
CRITERIA PERFORMANCE INDICATORS POINTS
Content Provided pieces of evidence, supporting
15
details, and factual scenarios
Organization Expressed the points in a clear and
of ideas logical arrangement of ideas in the 5
paragraph
TOTAL 20
02 Activity 2 *Property of STI
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