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BS in Entrepreneurial Management in the Philippines

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Program Overview

Bachelor of Science in Entrepreneurial Management (BSEM) is a four year degree program designed to provide students with an in-depth understanding of the process of developing a business, running a business, and legal and ethical issues of business ownership.

The BSEM program trains students in the conceptualization, planning and formulation of a business, as well as teaching important aspects of business operations such as budgeting and financial forecasting, accounting, strategic marketing and human resource management. The course also trains students to use computer applications and bookkeeping software, as well as methods for incorporating technology into a business.

Subjects and Curriculum

The subjects in the BSEM curriculum are divided into six main categories:
  • General Education core: Language and Humanities Cluster, Mathematics, Computer and Natural Science Cluster, Social Sciences Cluster, Mandated Subjects
  • Basic Business Core: Principles of Management, Human Behavior in Organization (HBO), Principles of Marketing, Fundamentals of Accounting, Business Communication, Business Finance, Computer, Mathematics of Investment, Business Statistics
  • Business Education Core: Basic Microeconomics, Math Analysis for Business, Accounting II, Business Law (Obligation and Contract), Taxation (Income Taxation), Total Quality Management, Human Resource Management, Social Responsibility and Good Governance, Financial Accounting, Managerial Accounting, Quantitative Technology for Business
  • Entrepreneurship Core: Principles of Marketing and New Marketing Development, Franchising and Strategy Formulation, Introduction to Entrepreneurship/Project Identification, Global & International Trade, Entrepreneurial Mentoring, Entrepreneurial Project Management, Project Preparation, Project Implementation, Project Pre-implementation Activities, Strategic Management, Business Operations
  • Management Core: Business Organization and Management, Human Resource Management, Production Management and Quality Control, Introduction to Management Information System, Marketing Management w/Research, Cooperative Management and Accounting
  • Elective Courses: Corporate Finance and Financial Statement Analysis, Investment & Portfolio Management, Capital Markets Management, Retail and Production Management, Sales Management, Direct and Service Management, Securities Management and Analysis, Risk Management, Logistics and Distribution Management, Environmental Management, Consumer Behavior

The BSEM program is taught to students through classroom lectures and activities. Regular business establishment visits are also conducted exposing students to the tasks and responsibilities of running a business. Business exposure is an important part of an entrepreneurial management student’s life. In the third year, they will be tasked to create a small business inside the campus and sell different products depending on their choice. They must reach a certain quota of profit. At the end of the semester, they will prepare a comprehensive paper and report in front of their teachers. Here, their teachers will grade them according to the success of their business and how well they individually performed. In addition, students are required to attend seminars, training workshops and educational talks to widen their knowledge of entrepreneurial management.

In the fourth year of study, students must complete two major requirements:
  • The first requirement is the business research also known as feasibility study. The project entails choosing a willing proponent who is willing to build a business. Under the supervision of a research adviser, students will be guided accordingly while conducting the study. They will help determine if the planned business is feasible or not. Once completed, they will face a panel of seasoned experts who will question and check their work.
  • The second requirement, and one of the highlights of the BSEM program is the business plan implementation. The business plan implementation meanwhile is a more complicated version of the business research; it is more hands on since you will be looking for a proponent who is in the process of building a business. Students will contribute innovative ideas to the business owner and help him/her in jumpstarting the business. In some schools, it is the students themselves that are the proponents. This means that they will develop their own business and build it slowly. At the end of the semester, he/she will create a progress report and present it to a panel.

Is Entrepreneurship a profession?

Entrepreneurship is not a profession; it is a collection of traits, some inborn and some self-taught or acquired through experience, that make someone an entrepreneur. Although certain aspects of entrepreneurship can be taught, many traits, such as passion, ability to take risks, ability to endure difficulties and failure, and self-belief, are not taught in college.

BS in Entrepreneurial Management vs. BS in Entrepreneurship

Both courses have the same duration (four years) and more or less the same admission requirements.

In terms of curriculum, there are differences between BS in Entrepreneurship and BS in Entrepreneurial Management:
Overall, BS in Entrepreneurship’s curriculum is considered easier compared with BS in Entrepreneurial Management. The BS-Entrepreneurship curriculum is composed mainly of general business education courses and entrepreneurship subjects. It is focused on teaching the process of developing innovative ideas for business, starting the business per se and how it is operated once built.

The BSEM program has a wider curriculum touching a more aspects of business, such as marketing, operations, strategy, accounting, finance, human resources and general management skills. It is geared to teach students the overall aspect of business operation and maintenance from conceiving the business, hiring employees, product development, financial analysis and a lot more.

Another difference is the integration of computer operations. The BS- Entrepreneurship program only teaches basic computer skills such as typing and the use of Microsoft applications. In the BSEM program, students learn about various types of business and bookkeeping software, as well as methods for incorporating technology into business.

What are the admission requirements for the BS in Entrepreneurial Management program?

Requirements at each school may differ, but these are the common requirements:
  • Must be a high school graduate.
    Those who did not complete high school education may opt to first attend Alternative Learning System (ALS) and pass the Philippine Educational Placement Test (PEPT) to qualify for college. However, some universities only offer selected courses for PEPT passers.
  • College entrance exam: must pass the college entrance examination with a specified rating set by the school.
  • High school average: some schools require a specific grade average upon graduation from secondary school.
  • Interview: must pass the interview conducted by the college dean/faculty.
  • Parents’ consent: some prestigious universities require students to pass a Parents’ Info Sheet –an informed consent stating that parents are aware that their children are enrolling in the BSEM program and that they would support them financially and morally throughout the entire course of the study, most especially during the third year where their son/daughter will be expected to start up and nurture his/her own registered business by the third year of college.

What skills, traits and attitude will help you succeed in this course?

  • Business Inclination – throughout the entire study, teachers will try to develop students’ skills in creating innovative ideas for businesses, therefore it is important that a student has prior interest in this field.
  • Socially Receptive – during the fourth year, students will take the subject business research which entails studying certain businesses for a specific proponent and helping them create the business. It is important for an entrepreneurial management student to be able to observe and understand his/her local and global environment and recognize opportunities for viable business ventures and enterprises.
  • Management skills – the capability to identify priorities and proper courses of action, to plan the execution of tasks and to determine and delegate responsibilities to group members to most effectively carry out projects
  • Mathematical Inclination – majority of subjects in the program ranging from finance, accounting, business math, and even management subjects all require basic to complex forms of certain mathematical concepts and operations thus it’s very important to have a strong foundation in mathematics because you will be using it most of the time.
  • Strategic thinking – the ability to interpret and analyze information presented by peers and efficiently and constructively support or challenge their proposals, theories, ideas and reports in order to achieve a project's intended and successful end result
  • Analytical skills – although mathematics is highly used in this program, it also makes use of your analytical skills in an extreme level. To be able to solve problems you have to thoroughly understand and see the logic and connection of specific problem statements before you can come up with a reasonable and precise solution.
  • Decision making skills – since you will experience the so called business exposure where you will act like a real life entrepreneur, you must have sound decision making skills so that you are able to make right business judgments and improve your sales
  • Critical thinking – determining how a system should work and how changes in conditions and operations will affect outcomes; the ability to analyze situations or statements and determine their validity
  • Leadership skills – the ability to lead and interact with a variety of people with different approaches and personal backgrounds
  • Reading Comprehension – understanding written sentences and paragraphs in work related documents.
  • Computer Literacy – knowledge of computer use and being able to understand application programs.
  • Communication and writing skills – the ability to present your thoughts clearly and intelligently in oral and written statements

How difficult is BS in Entrepreneurial Management?

BS in Entrepreneurial Management is a fairly difficult course. Looking at its curriculum, there are a lot of subjects coming from different fields. The subjects that use Math and analysis make the program highly complex. The BSEM program demands a lot from its students; projects such as case studies, reporting and product development can wear students down. In addition, many students taking up this program say that one of the most tedious activities is the business exposure. Although students get to be exposed to running a small business, they are in charge of the overall maintenance of the business. Since Entrepreneurial Management is an intensive program, there will be a lot of challenging examinations and quizzes.

One of the most challenging parts of the program is the business research where students will be defending their work in front of a panel who will grade them according to their output. The business plan implementation is not only a time consuming and tedious task it, will also involve a lot of money in schools who require their students to create their own businesses.

How long does it take to complete the BS in Entrepreneurial Management program in the Philippines?

The BS in Entrepreneurial Management program takes four years to complete (Note: this may change due to the K-12 integration). The program may be completed in a shorter time in schools that follow the trimestral curriculum.

Career Opportunities for BSEM graduates

The BSEM program is geared toward preparing graduates to start and run their own business. However, since starting a business may require large sums of money, unless you can borrow money from your family or work in a family business, you will have to start your way as an employee.

Since the program is quite wide in terms of the subjects learned, and can be compared in the many ways to the BSBA program, graduates can apply to a wide range of entry level jobs, including sales, marketing, business development, low level management and administrative jobs.

Other options includes the usual Call Center/Customer Service positions, as well as working online as a freelancer in data entry or similar tasks. These positions however do not require a college degree.

Reviews of BS in Entrepreneurial Management graduates:

R. A.
◈ Studied BS in Entrepreneurial Management
◈ At Quezon City Polytechnic University
◈ Graduated 2011

list bulletWhy did I choose Entrepreneurial Management: Honestly speaking I chose this course because I wanted to study in college during that time, there was no plan to study I was 8 years old when my father died and I studied through self support only. After one semester in my first year, I felt that was a good course for me because it is full of challenges like doing some projects for instance creating your own products, advertisements and thinking out of the box as well as oral defense and participation. Besides what I wanted for this course was it taught me to be self esteem and confident. I was a vegetable vendor in the market at the age of 8 until my college so it was not difficult for me with regards on projects and subject matter because I always base on my own experience to answer for all the queries or exams. Beside it reminds me of my Uncle he is a successful businessman nowadays.

list bulletAbout my college education: First thing that I learned for taking this course was I am ready to go and conquer the outside world, I gain confidence from the first day of school, like what happening now my job is not related to the course that I took up before but because of promotion I handled a big position like working as an engineer even I am not an engineer, I got a lot of courage to face the challenges. I applied the managerial function that I learned from school like (Directing, Organizing, Controlling). For this, I learned to finished the project that I handled at the specified time frame in this aspects I can say I applied the time management that I learned from school. I am organized for the synchronize of the task. I am able to control the supply of the materials on site in order for me to lessen surplus of materials. I had a leadership qualities that I am applying for the daily task at site even I am a small person, a lot of workers respect me.Beside I learned too handle stress. I felt at ease for all the project that I handle. I this my daily task step by step. Prioritizing to those which is important. I learned how to adjust myself from the people that surround me I gain a lot of confident and able to do some major decision making for my job. Like with regard on constructing a building I am able to decide on what the forman going to do for the good look of the building. I am able to do a debate with those engineering graduate from other contractors.

I know how to create business plan or on how to established a business. Some factors that affect on how to build it, like first thing to consider before establishing a business is the location then financial aspects, products to offer and lastly is the target market. I learned to be a risk taker because my job now is not an easy I spent millions to finished the project and I am proud to say that my boss had given me a trust to do it. I learned on how to budget and do transaction with the supplier I got the guts to be the boss. With regards on math I know on how to do some estimate of the materials that I am in need on site in order for me to control over purchasing of the materials.Quality of the project as well I know on how to do Q.C in order for us to gain good response from our client.

The most difficult subjects were College Algebra and Statistics and probability I got a grade of 2.00 with that subject and for about 60 students we were only two who got past with that subjects during my first year.The most Difficult task for me were making a business plan and thesis. It was so tiring.I was the front liner every defense during that time besides gathering of info and research takes a lot of time and expenses.But it was worth because it helps me a lot to be ready for the outside world of business. I am able to apply the flow of operating as well.
Passing the exams were not difficult the only thing you had to do is you must study your lesson in advance. I can assure. You can be the best student.

The useful things that I learned in college were effective and efficient with regard on project management or on what so ever task. Effective with it come on directing the worker, they did the task correctly. Effective with it come on quality of the project that had been finished, it satisfy on the eye of the client. Efficient with regard on finishing the project at the short period of time and at the less cost. Besides the operation process as well when I was a procurement staff I use the process of operating cycle with it comes on purchasing and and payment to avoid conflict with the finance. From purchase-delivery-getting of invoice-processing-forward it to accounting and lastly go to finance.

Some of my classmates always passed the exam it depends, how you are dedicated on it and what grades you want to get.
What I observed were they were not shifting to other course the main reason for them to quit their studies was financial aspects.

list bulletMy current job: My current job is a Site Admin.
Managing of workers on site. Procuring of the materials needed on site. Do materials, manpower, equipment report daily and weekly. Q.C of the finished work. Canvassing of materials. Do business transaction with the supplier. Do progress billing report and some signing of documents to be submitted to office for billing. Transact with the supplier directly to purchase the materials needed on site. Implement the time table program to meet the deadline of the project. Checking and keeping of the equipment before and after the operation everyday.

list bulletAm I using what I learned in college: Yes, all of that were practical like what happening now I already have a permanent job. I am confident and I enjoy it. I go beyond the limit of my knowledge. I applied all the things that I learned when I was in college. Like the managerial function. Leadership, and some traits of being an entrepreneur like risk taker, flexible, diligent and smart. I used to be a leader rather than a boss at site I worked a lot to empower my worker. I applied my being challenger person. I used to talk with the big boss of the project like P.M, R.M, O.M and etc.

list bulletHow long did it take to find a job: It took a week actually, but that job was not fit to my course, so I decided to start from lower position until I got this right now. So what I can say to those newly graduate don't be choosy and demanding on salary with regard on job. Once you had an experience you can do whatever the thing that you want to do.

list bulletDo I recommend studying Entrepreneurial Management: For employment you can work in and outside the country.
You can work in as a business man if you have a financial capital. You can create your own business. On the outside world you can be a Management Trainee, Instructor/ Professor, Marketing Staff, Procurement Staff. Admin Staff, Teller in Bank, Manager and Sales.

With in comes on salary for the newly graduate you have the range from 10k-12k for the experience employee you can earn 25k-40k.

list bulletAdvice to people who are thinking of studying this course: What I can advice is embrace all the responsibility for taking this course. Aim for excellence success will chase you in the outside world.
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